DLF plans to sell stakes in Pune, Noida IT parks for Rs 1,300 crore
DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs.1,300 crore.
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After Emporio, DLF dreams of another luxury mall
DLF is planning to expand its luxury retail business. Having opened its luxury mall Emporio in the Capital about two years ago, DLF is exploring an opportunity to open a similar outlet in Delhi in the near future.
ASK Investment raises Rs.500 crore for realty fund
ASK Property Investment Advisors, part of the financial services group ASK Group, has made a first close of its second real estate fund at Rs.520 crore.
Real Estate Regulation Bill may be delayed
The proposed Real Estate Regulation Bill may be delayed.
Billimoria bags Rs.500 cr construction contract for Supertech-North Eye
B.E. Billimoria & Co. Limited, India’s leading high rise specialist contractors has bagged construction contract of Supertech’s flagship project, North Eye in Noida.
Country Club India to develop Kandy property
Leisure and infrastructure firm Country Club India has said it will consider the development of a property in Kandy in Sri Lanka.
RBI warns banks on real estate valuation frauds
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India has asked all banks to submit an action-taken report on the issue.
SEBI directs Sahara firms to refund investors
India’s capital market regulator SEBI on Thursday directed two Sahara group firms to immediately refund the money collected through sales of optionally fully convertible debentures with annual interest of 15%.
Global branding adds spice to realty projects
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
Real estate developers fulfilling government role against odds
Isn’t it ironical that real estate developers are getting into the role of the government in providing housing & infrastructure and still getting the flak?