Omkar Realtors receives Rs. 250 crore commitment from Red Fort Capital
Omkar Realtors & Developers has announced a Rs.250 crore commitment by Red Fort Capital to its premium residential project in Mumbai’s suburb of Malad, named Omkar Alta Monte.
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Whatever the odds: K.P. Singh tells his story
Whatever the odds: The incredible story behind DLF’ is a first-hand account of the journey traversed by a village lad, from the rural belts of UP all the way to the elite billionaire club.
Rise in loans to real estate, retail disproportionate
The Reserve Bank of India (RBI) has pointed out banks’ disproportionate growth in loans to the commercial real estate sector, the retail segment and the infrastructure sector.
No interest on EMIs of Noida Extn buyers
The NCR unit of CREDAI has given some relief to the home buyers of Noida Extension by directing all developers to not charge any interest on pending EMIs.
Goa CREDAI surprised over NGOs’ opposition to regional plan
The Confederation of Real Estate Developers’ Association of India (CREDAI), Goa, has expressed surprise that NGOs are opposed to the Regional Plan 2021 by arguing that it accommodates the vested interest of builders.
Unitech net profit dips 47% cuts debt by Rs 191 cr
Unitech Ltd reported a 47 per cent fall in its net profit for the second quarter ended September 30 on the back of rising input cost and interest rate hike, among other factors.
Pune office & retail real estate market overview Q4 2011
The availability of skilled manpower supported by availability of cost effective commercial real estate – especially in terms of Grade A projects – continues to drive demand for office properties in Pune.
Alok Ind Mumbai land sale stuck in valuation matching
Textiles’ major Alok Industries is looking for a Rs.900-1,000 crore deal; discussions with global realty funds, however, is stuck as slowdown upsets valuation matching.
Market impact of the Model Real Estate Regulation Act
For buyers as industry stakeholders, the biggest advantage that the Model Real Estate Regulation Act offers is that there will be an arbitratory body available to attend to grievances and redressals.
Ascott International plans to double presence in India by 2015
Targeting the growing corporate sector in India, global serviced-residence owner-operator The Ascott International aims to double its presence by 2015 at an investment of about USD 250 million.