Private Equity investments into Pune real estate
By: Sameer Gholve, Manager – Capital Markets, Jones Lang LaSalle…
Browsing: Realty News India
Competition Commission of India pulls up DLF yet again
The Competition Commission of India (CCI) has pulled DLF yet again in a recent order for cancellation of allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010.
Cognizant raises investment in real estate infra by $200 m
Cognizant Technology Solutions has increased its real estate infrastructure expansion in India by nearly $200 million.
The US-based company, which has large offshore presence in India, has revised its investment plan to a total of $700 million in real estate from 2011 through 2015.
RICS – Vestian Study highlights need to raise safety & security standards of IT Parks in India
The Royal Institution of Chartered Surveyors (RICS) and Vestian Global Workplace Services have released a PAN India in-depth study ’Assessment of IT campus environments’.
Puravankara Projects Q4 net jumps to Rs 46 cr
Bangalore-based real estate developer Puravankara Projects net profit rose 173 per cent to Rs 46.05 crore during the fourth quarter of the last fiscal.
Last year, net profit stood at Rs 20.89 crore during the corresponding quarter.
Plaza Centers Group appoints Pioneer Property Zone to manage first Indian investment
In its first ever Indian investment, the Plaza Centers Group has appointed Pioneer Property Zone (PPZ),- leading experts in developing and managing shopping malls –for their upcoming mall in India – Property Zone will be managing the mall for the group which will include financial management & implementing strategies for growing the asset performance. The upcoming property is at Koregaon Park Plaza Mall in Pune.
Ranchi Police move court in real estate scam
Ranchi Police on Tuesday filed an application in the court of first class judicial magistrate Shekhar Kumar to seek an order to seize properties of all the accused of real estate scam unearthed recently.
New Bench to decide DLF dispute over CCI fine
The Competition Appellate Tribunal (Compat) has said a new Bench will decide the DLF case wherein the realty major has challenged CCI’s Rs 630 crore penalty on it and the final hearing has been adjourned to July 18.
Reality of slum free realty-I
Real estate developers and consultants agree that there is fortune at the bottom of the pyramid. But absence of policy guidelines and hassle free implementation is what comes in the way of ensuring reality of a slum free realty, finds Track2Realty.
Regulator needs to regulate all stake holders
Sunil Dahiya: When the meltdown of 2008 and the aftereffects of 2009 rolled in, see the amount of letters sent by developers to the customers and the customer calling back and telling that ‘sorry boss, I am on the verge of losing my job, I don’t have the money’. Not a single developer went to any court or had any power in this judicial system to recover any payment from the consumer, there is no law.