Cinemax enters in Pune
Cinemax, India’s largest multiplex chain launched its flagship property in Pune, the second largest city in Maharashtra.
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Alexandria to invest Rs 500 cr on BT park
US-based real estate developer Alexandria’s Indian arm — Alexandria Real Estate Equities Inc is planning to invest around Rs.500 crore to develop a biotechnology park in Bangalore.
DB group drags Etisalat to CLB
The DB group, Etisalat’s partner in India, has moved the Company Law Board (CLB) against the UAE-based company.
Shipra Group appoints Manik Dhodi as Vice-President, Retail and Hotels
Shipra Group has appointed Manik Dhodi as their Vice President, Retail and Hotels. Manik has been associated with Shipra Group since June 2009 as Head – Mall Operations.
DLF hires Chairman’s grandson on board as trainee
A new next-generation member from its founding family has joined the country’s largest real estate group DLF, but Rahul Talwar, a grandson of chairman KP Singh, would begin his journey as a ‘trainee’.
Giorgio Armani and Ferragamo may change DLF as Indian partner
Two marquee international brands — Giorgio Armani and Ferragamo — that have joint ventures with leading realty player DLF group’s subsidiary, DLF Brands, have been talking to other corporate groups and investors to scope out the potential of changing their Indian partner.
Bahrain-based Star markets Goa properties
Bahrain-based Star International Real Estate has signed an agreement to be the exclusive agent for two property developments in Goa.
Finding a trustworthy real estate advisor
India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it.
Real estate bill may be tabled in Parliament
The Government is likely to introduce a bill in the monsoon session of Parliament to protect consumers’ interests against dubious operators in the real estate sector.
Bank lending to realty won’t decline
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.