In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
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.
It has been quite some time that Mamata Banerjee took over the rein of West Bengal after 34 long years of Left Front rule.
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.
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.
Kolkata-based real estate company Avani Group is to foray into retail business by December, a senior executive said.
EMAAR MGF has bagged the “Prashansa Patra” award 2010 from the National Safety Council of India for its Boulder Hills, Excelsior Residential Project, a 7 acre high-rise project in Hyderabad.
In one of the decade’s largest real estate deals in Kolkata, Ambuja Realty has acquired the RMZ block of Ecospace Business Park in New Town, Rajarhat, Kolkata.
Omkar Realtors & Developers has launched its boutique development, ‘Vayu’ in Mumbai.
Fire Capital has entered into a 50:50JV with Tamil Nadu based Omshakthy Agencies (Madras) Pvt Ltd to develop residential projects and townships in and around Chennai.