49% NRIs looking for investment in property
About 49 per cent of non-resident Indians, or NRIs, are looking to buy property in India purely for investment purposes, according to a study.
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CHD Developers get bronze at the LACP Awards
CHD Developers has got bronze award at the Global Communications Competition, 2011 Spotlight Awards organized by the League of American Communication Professionals (LACP).
Jones Lang LaSalle bowled over by the legendary cricketer
Courtney Walsh – one of international cricket’s most accomplished and celebrated exponents – held court at an exclusive town-hall at the Mumbai office of international property consultancy Jones Lang LaSalle India today.
Kerala CREDAI elects new governing body
K V Abdul Azeez, CMD of Skyline Group, has been chosen the chairman of Confederation of Real Estate Developers Association of India (CREDAI), Kerala.
Tata Sons to infuse Rs 500 crore in Tata Housing
Tata Sons will reportedly infuse Rs.500 crore into the group’s real estate arm, Tata Housing Development Company, through a fresh issue of equity shares, the company sources said.
India’s cement demand slows on subdued construction: CRISIL
While the real estate industry bodies, both CREDAI and NAREDCO, have approached the CCI alleging cement cartels hoarding to inflate prices, a CRISIL report says India’s cement demand has grown at a slow pace of 3% during April-October 2011.
Purvankara to expand in overseas market
Puravankara is eyeing the overseas market for expansion. The company’s maiden project in a foreign soil is coming up in Sri Lanka.
Pragnya invests in Colombo, Andhra Pradesh
Pragnya Advisors, the private equity (PE) fund focussed on real estate, has entered into two deals in Colombo and Rajahmundry, Andhra Pradesh for an investment of $100 million second fund.
Cartel of black money in secondary market needs to be checked
The draft Real Estate (Regulation and Development) Bill, 2011, aims at bringing reforms in the unorganised Indian real estate sector.
India to face real estate and construction crisis with demand-supply gap of 44 million core professionals by 2020
RICS has released its research report ‘Real Estate and Construction Professionals in India by 2020’.