Housing Development and Infrastructure (HDIL) has posted consolidated net profit of Rs.1.89 billion for the quarter ended June 30, 2011 as compared to net profit of Rs.2.16 billion for the quarter ended June 30, 2010, representing decrease of 12.50%.
The Mumbai commercial property market has displayed resilience in the recent past.
Real estate stock of office premises in Mumbai has been going through a slump for the last 14 financial quarters.
ATS Group, the Noida-based developer has announced its foray to the Gurgaon property market with residential projects.
Videocon Group has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road.
Sahara Prime City Limited has launched its flagship brand of township ‘Sahara City Homes’ in Satna.
A day after Greater Noida administration and farmers of Patwari village reached a consensus on the land acquisition issue, farmers from about 20 nearby villages on Sunday, August 7, termed the settlement a “conspiracy”.
A day after the Noida Authority clinched a deal with the agitating farmers, the farmers of the villages along the Yamuna Expressway held a ‘panchayat’ in Gautam Buddha Nagar district on Sunday, July 31, and demanded higher compensation for their land.
About two lakh houses are likely to be constructed in the National Capital Region in the next 2-3 years, notwithstanding the recent land acquisition crisis in Greater Noida.
An estimated 300,000 homebuyers and home owners could be affected if farmers in 24 villages along the Noida-Greater Noida Expressway succeed in their agitation for the return of their land taken over by the Noida Authority in 2003.