Oberoi Realty eyes expansion in weak market
Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sales look to cut assets.
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MPCB issues “Stop Work” notice to India Bulls Real Estate for Parel Land Project
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 to raise money for real estate fund
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.
Rate hike may hit realty sector hard
The Reserve Bank’s decision to raise key policy rates by 25 basis points today is likely to have a negative impact on the real estate sector.
Real estate sector poses concerns: RBI
The real estate sector has posed “some concerns” given the large and growing share of these loans in the credit portfolio of banks.
Real estate bill to provide affordable housing
The government Friday said it is committed to providing affordable housing to all and that work is underway on a real estate regulation bill.
Cash starved realty sector splurges on advertising
Home sales are down, cash flows are drying up but builders just can’t cut on advertising.
Minister blames real estate, industry for degrading wetlands
Wetlands are under severe threat from the real estate lobby and industry as they are easy to lease out, Environment Minister Jairam Ramesh said in Ahmedabad on Wednesday.
Keventer to enter realty business in Bengal, Bihar
The Keventer Group is planning to step up its activities in Bengal & Bihar, including a major foray into real estate.
DB Realty looking to raise PE funding
DB Realty is looking to raise funds via private equity for a couple of its projects.