The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. – has approved the accounts for the half year ended September 30, 2011 at their meeting held in Mumbai on October 25, 2011.
Realty major DLF has begun selling homes in south Bangalore for prices starting at Rs.28 lakh compared to the Rs.70 lakh-plus starting price for most of its flats, echoing a trend it has stayed away from for years.
CREDAI Orissa on Sunday, September 23, demanded a level playing field for the developers to play sheet anchor role in shaping proper urbanization in the state.
Milestone Capital, which is looking for potential buyers after its founder Ved Prakash Arya died in a freak accident two months ago, has found another suitor, Piramal Group.
Godrej Properties will raise up to Rs.750 crore through a shares issue over the next 6-12 months to bring down promoters’ shareholding in the company from the current 83.79% to 75%.
A four day property exhibition by the Orissa chapter of the CREDAI, which concluded in Bhubaneswar today, has estimated property deals worth about Rs.150 crore.
Amidst apprehension of rate hike in Noida Extension after the Allahabad High Court ordered more compensation to the farmers, CREDAI said the builders in Noida Extension have decided not to pass on the extra cost to the existing buyers.
Though the developers have hailed the Allahabad High Court’s judgment on Greater Noida land acquisition, they said existing flat buyers will be immune to higher compensations to farmers.
Welcoming the “balanced” decision of the Allahabad High Court to quash land acquisition in three villages in the Noida, Greater Noida and Noida Extension, CREDAI claims that home buyers will not be affected by the ruling.
In a major setback to the Mayawati Government and the developers who have projects spread across Noida Extension, the Allahabad High Court today, September, 21, quashed the land acquisition of three villages in Greater Noida.