The Maharashtra Pollution Control Board issued a stop-work order to Indiabulls Real Estate for starting construction work on its Elphinstone Mills property at Lower Parel without environment clearance.
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
Working in the insane hustle and bustle of a metropolis like Mumbai is a unique experience, and it brings with it an opportunity to witness the dynamics of this rapidly urbanizing world.
The Keventer Group is planning to step up its activities in Bengal & Bihar, including a major foray into real estate.
The decision on allowing external commercial borrowings (ECBs) for the real estate sector still hangs fire with the Finance Ministry and the Reserve Bank of India holding opposing views.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, as a recent survey by ASSOCHAM points out.
Patel Realty India Ltd plans to launch 3-3.5 million sq ft of projects valued around Rs.300 crore during the present financial year across the country.
New Delhi-based research firm PE Analytics has drawn up plans to launch Real Estate Price Index in partnership with a leading commodity exchange.
Despite the continuing turbulence and uncertainty in other parts of the globe, two economies – India and China – will continue to grow at an annual rate of 8-10%.
Adani Realty Business, the real estate arm of the Adani Group, plans to invest Rs.5,000 crore in the group’s upcoming township in Ahmedabad.