NAREDCO approaches CCI against cement cartelisation
After CREDAI now real estate developers body NAREDCO has approached the CCI seeking intervention against the alleged cement cartelisation hitting real estate developers.
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Parsvnath net profit falls, ventures into budget hotels
Parsvnath Developers presented gloomy second quarter results on Monday, November 7. Its net profit dipped 41.5 per cent in the quarter ended September to Rs.29.08 crore from Rs.49.97 crore in the corresponding period last year.
India Vs. China in the global business sweepstakes
India and China have been forever up for comparison in the past. There has been no end to the debates on which of the two economies out-performs the other, and China seems to have emerged as the default favourite for any number of reasons.
RE/MAX launches global real estate listing site
RE/MAX, LLC has launched a new website, global.remax.com, which claims to be the first global resource for consumers, with hundreds of thousands of home listings in countries around the world.
Jones Lang LaSalle India bags M&A Deal Of The Year award
Jones Lang LaSalle India, the country’s largest and leading international property consultancy, has been honoured with the prestigious India M&A Deal Of The Year award in the Middle Markets category.
DLF Brands to bring US retailer Claire’s to India
DLF Brands, a subsidiary of realty major DLF, has struck an agreement with Claire’s Stores Inc, one of the world’s leading fashion jewelry and accessories retailers, to bring the brand to India.
Real estate debates CCI jurisdiction & trust deficit
When the CCI alleged that DLF misused its dominant market position and imposed unfair conditions on home-buyers of two of its many projects, the real estate fraternity, legal experts and others strongly questioned the basis of the CCI order.
Raheja Developers forms JV with Dubai’s construction firm Arabtec Construction
Raheja Developers announced a joint venture with Dubai-based Arabtec Construction to build real estate projects in India and awarded contracts of Rs.1,020 crore to the JV firm for three housing projects.
Mumbai residential property – where are the open spaces?
People familiar with Mumbai’s residential market might be aware about the special provisions developers make in their upcoming projects; swimming pool, sports arena, theme gardens, podium park and much more.
Commercial realty to come under new RBI disclosure norms
The RBI on Thursday, Nov 3, asked banks to bring in a disclosure clause under which commercial real estate players will also have to mention in their advertisements the name of the bank to which a property has been mortgaged.