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.
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Cash starved realty sector splurges on advertising
Home sales are down, cash flows are drying up but builders just can’t cut on advertising.
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.
Apple Realtors & kin applied for bail
The promoters of the real estate company Apple A Day, linked to a housing scam have filed for bail, and the mother of one of them has also filed an anticipatory bail application in a sessions court in Kochi.
Court rejects bail for Apple realtors
The Ernakulam Principal Sessions Court on Thursday rejected the anticipatory bail plea of promoters of a real estate company who have duped hundreds of people of more than Rs.1 billion.
Realty Bill to hike operational cost by 10-15%
Introduction of the proposed real estate regulation Bill is likely to increase the cost of operations by 10-15 per cent, said Sreedhar Reddy, president of Andhra Pradesh Realtors Association.
Dan Cake forms JV with Pune-based realty group
India’s low cost of production and its location has brought the Euro 70 million Dan Cake Portugal to set up a manufacturing plant here.
Harmit Chawla quits Paras Buidtech to form H Corp Realty
Harmit Chawla, Vice President – Sales and Marketing at Paras Buildtech has called it quits and floated a new real estate company christened as ‘H Corp Realty Pvt Ltd’.
Nitesh Estates growth up by 58 per cent for the fiscal year 2010-11
Nitesh Estates Limited has announced impressive performance for the financial year ended March 31, 2011 clocking a robust top line growth of 58%.