Realtors sulk under representation in budget
Nearly all the real estate developers, a whopping 96 per cent, across the country are cribbing for the sectors’ continued under representation in the Union Budget over the years.
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Close surveillance on real estate prices in Bihar: Nitish
Noting that real estate prices in Bihar had touched the level of Gurgaon in Haryana, Chief Minister Nitish Kumar today said the state government was keeping a close surveillance on the price spiral.
Sunil Mantri Group announces residential project in Mumbai
Sunil Mantri Group, a developer of residential and commercial spaces across 14 cities in India, has announced the launch of its landmark residential project Mantri Serene, nestled against the backdrop of the Aarey hills in Goregoan (East), Mumbai.
KORUM wins Emerging Retailer of the Year Award
KORUM, Mumbai’s largest Shopping Mall by Kalpataru Retail Ventures Pvt Ltd, a Kalpataru Group company, has won the ‘Emerging Retailer of the Year Award’ (Real Estate) at the 7th Asia Retail Congress, held in Mumbai recently.
Unitech boss summoned by CBI
Sanjay Chandra, managing director of Unitech Ltd has been summoned by investigators to answer questions over a suspected telecoms fraud that robbed the government of billions of dollars.
Alibaug as a property investment destination
Alibaug is one of the traditional weekend-getaway destinations for residents of Mumbai. Since the late 1990s, it has also emerged as a second home destination. Apart its proximity to Mumbai, many other factors make Alibaug an attractive second home destination.
Realty companies hit with Rs 20,000 cr demand
Public sector banks including State Bank of India, Bank of Baroda, Bank of India, Indian Overseas Bank have served notices to dozens of real estate companies to recover around Rs 20,000 crore of their exposure by March.
Nitesh Estates launches Rs 100 cr luxury residential project
Nitesh Estates has announced the launch of a Rs-100 crore luxury residential project in Bengaluru. The project, Nitesh Logos, would be located in the central business area MG Road and provide all modern amenities, company officials said. The project is expected to be completed in two years.
CREDAI forecasts real estate boom in Kochi
The Confederation of Real Estate Developers’ Association of India (CREDAI) has forecasted Kochi to emerge as the next realty hot spot in the wake of the commissioning of the International Container Transshipment Terminal (ICTT ) at Vallarpadam. CREDAI believes the prices of land and buildings are all set to skyrocket as it will generate more direct and indirect employment opportunities.
Nitesh Estates Ltd announces Q3 results
Nitesh Estates Limited has announced impressive performance for the third quarter ended on December 31, 2010 with a Consolidated Total Income of Rs. 31.8 Crore; EBIDTA of Rs 4.03 Crore & PAT of Rs. 2.58 Crore.