CREDAI opens e-PROFEST
Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune has opened e-PROFEST 2011, Pune’s Virtual Realty Fair.
Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune has opened e-PROFEST 2011, Pune’s Virtual Realty Fair.
DLF plans to reduce its debt by Rs.2,500-3,000 crore by the end of this financial year, according to Group Executive Director Rajeev Talwar.
In Mumbai sales registrations for July 2011 are down 31% to 5,047 as against 6,500 in July 2010, pointing to the continuing downtrend, said real estate analysts for Prabhudas Lilladher.
Pune real estate is poised for growth both in residential and retail segment. While the demand-supply gap indicates that residential prices may go up, the retail segment of the city is also showing strong signs of revival.
Nitesh Estates has signed up a Rs.300 crore residential project in Bangalore. The project spread on more than 4 acres of land, will have nine lakh square feet development aimed at mid and upper mid income segments.
The police has been asked to verify complaints from Mumbai-based investors against the PACL realty; firm denies any wrongdoing.
The prices of properties in India will increase by five to six times in the next five years, said Deputy Minister in the Prime Minister’s Department Datuk SK Devamany today.
Aman Resorts, the chain of luxury resorts owned by DLF may be sold for more than $400 million, according to the sources.
The world’s largest casino entertainment company, Caesars Entertainment Corporation is in talks with leading Indian developers and hospitality players to expand its presence in the country.
Janaadhar Constructions, handed over the keys to home buyers of Janaadhar Shubha, its first affordable housing project targeted at the aspiring first-time home owner among the urban low income group.