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March 22, 2012

MCHI–CREDAI blames policy paralysis but suffers from ideas paralysis

Can policy paralysis lead to postponement of sales exhibition? Doesn’t sluggish market demand more pro-active sales drive? Is a completely sold out exhibition postponed because it anticipates no business in advance? Well, if MCHI-CREDAI is to be believed, they have postponed the Real Estate & Housing Finance Exhibition, PROPERTY 2012 Mega Show, scheduled to be held on 12th – 15th April, 2012, due to policy paralysis. However, it seems to be more a case of ideas paralysis.

Company News

March 20, 2012

Hiranandani Group ropes in Cherie Blair to settle Rs. 1,400 crore dispute

Hiranandanis have roped in Cherie Blair, the wife of former British Prime Minister Tony Blair and a Queen’s Counsel (QC), as an arbitrator for a Rs 1,400-crore dispute in the family. The other arbitrators are another QC and former Delhi High Court Chief Justice A P Shah. The panel is expected to solve by June the scrap between brother and sister, who are both high-fliers in their own right.

Industry Movement

March 19, 2012

Emmar Properties reshuffles board, raises members strength

In a major reshuffle, Dubai-based real estate developer Emaar Properties on Monday recommended a new board increasing the strength of members to 11 from the present eight.

Headlines

March 15, 2012

Economic Survey: Housing sector’s share in GDP of India to rise to 6%

The share of housing sector to the overall GDP (gross domestic product) is likely to rise by one per cent to 6 per cent on increased investment.

Commercial

March 13, 2012

CLB asks Unitech to buy out Telenor or exit

The Company Law Board (CLB) has asked real estate company Unitech to decide by Monday if it wanted to buy its joint venture partner Telenor’s 67 per cent stake in telecom company Uninor or sell its 33 per cent stake to the Norwegian firm.

Headlines

March 12, 2012

SEBI for checks on ‘independent’ research analysts

Fearing share price manipulation with the help of certain ‘independent’ research reports onIndian companies, market watchdog Sebi may soon bring all kinds of research analysts under its regulatory ambit.

Headlines

March 8, 2012

Banking, Finance & IT catalytic to SME clusters growth

Realtors who are in the business of developing SME clusters believe in recent years, the metro cities have also seen a good increase in SMEs, which have catapulted themselves into mid- to large sizes within 3 to four years.

Headlines

March 6, 2012

Hyderabad favoured destination for investment

Hyderabad continues to be a favoured destination for investments due to its unique infrastructure, and real estate prospects are promising despite the Telangana agitation.

Company News

March 6, 2012

Tata Housing bids to buy US consulate buildings

Tata housing has bid to buy US consulate buildings in Mumbai, according to the sources close to the development. “Negotiations are at an advanced stage and the deal is expected to be concluded in less than a month,” said the source.

Headlines

March 2, 2012

Pune property market defying any slowdown apprehensions

While many of the Indian cities are reeling under the apprehension of slowdown with sales nosediving, Pune real estate has defied any such apprehensions.

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