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Sahara looks for an image makeover with mega realty IPO The forthcoming IPO of the Sahara Group’s real estate arm will hopefully help change public perceptions about the group and make it more transparent, the Economic Times reported, citing a top company official…. |
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Peninsula Land gets Rs 275 crore on sale of commercial space Mumbai-based real estate developing company Peninsula Land said that the company has received Rs 275 crore form Alok Realtors on account of sale of 6.41 lakh sq ft commercial space in building located in south Mumbai…. |
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Lalit Suri Group to spend Rs 2,300 crore on new hotels New Delhi-based Bharat Hotels, the company owning The Lalit Suri Hospitality Group, will invest Rs 2,300 crore in setting up luxury and mid-market hotels across popular leisure and business locations in India and abroad, reports Business Standard…. |
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How the slowdown set realtors thinking Realtors went into an introspection mode at the recent FICCI real estate summit in Mumbai with Pranay Vakil, chairman, Knight Frank India, setting the agenda for the day, reports Business Line…. |
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‘Residential property prices in north India inching up’ Demand in the real estate sector has returned. And, with it, developers have raised prices of their products in most of the markets in north India. However, prices in cities in south India have stabilised, with the exception of Bangalore, which is still witnessing a slight correction, according to a new report prepared by realty consultant Cushman Wakefield…. |
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Commercial rentals stabilise, says study Commercial property rentals in the central business districts (CBD) of Mumbai, Gurgaon, Noida, Chennai, Bangalore and Pune have stabilised, as business optimism has pushed demand up, the DNA reported, citing a recent study…. |
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Gammon Infra secures Rs 850 crore NHAI contract Infrastructure major Gammon Infrastructure Projects said that the National Highways Authority of India (NHAI) has given the letter of award to the company for upgradation of NH-47…. |
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Srei consortium bags 57% DPSC stake India Power Corp (IPCL), a consortium promoted by Srei Infrastructure Finance and Bhaskar Silicon, has emerged as the highest bidder to acquire 57 per cent stake in Dishergarh Power Supply Corp (DPSC)…. |
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GVK keen to hike stake in Bangalore, Mumbai airport companies Upbeat from its Rs 485-crore acquisition of 12 per cent stake in Bangalore International Airport Ltd (BIAL), GVK Power & Infrastructure Ltd has expressed its intent to further hike its holdings in Bangalore and Mumbai airports, reports Business Line…. |
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15 major real estate developers line up for UP satellite township plan The Uttar Pradesh government’s efforts to woo and facilitate the private sector in developing satellite townships on the fringes of existing cities have finally started showing some result. As many as 15 top names in the realty sector were seen at the pre-bid conference held by the state government prior to finalising the request for proposal document for the New Township Policy, reports Financial Express…. |
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Supply of affordable homes may exceed demand in Ahmedabad With a flurry of affordable housing projects is being launched in Ahmedabad, the industry feels the supply would soon exceed the demand. However, while the excess supply situation may remain so only in the short run, the gap maybe as wide as two times the demand, the Business Standard reported, citing industry players…. |
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‘Union commerce ministry will not force SEZs in Goa’ The Union commerce ministry has said Special Economic Zones (SEZs), which have been rejected by the people of Goa will not be forced in the state, chief minister Digamber Kamat said…. |
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DLF property expo in Kochi DLF, the real estate developer, has commenced a property expo at its site office in Kakkanad…. |
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Global construction industry optimistic about 2010 but report warns recession impact yet to come The construction industry worldwide is quietly confident about the 2010 despite the deepest recession for 60 years with most believing that profits will stay the same or increase by the middle of next year. Almost two thirds of construction firms who took part in the annual global construction survey by KPMG were positive, reports Property Wire…. |
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Hong Kong adopts guidelines on property marketing Notoriously aggressive marketing tactics for Hong Kong residential property that helped turn the 46th floor of a landmark development into the 88th floor will soon be toned down. Under new government guidelines, real-estate developers here will have to clearly state the floor number and square footage of condominium units in their sales materials, agency reports…. |
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I-T raids on real estate developers, hoteliers Income Tax officials on Friday conducted raids on several real estate developers, hoteliers, politicians among others and unearthed several cases of Income Tax evasion by them. They also seized many documents pertaining to illegal property documents and unaccounted cash among others, the Business Standard reported, citing sources…. |
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Over Rs 3.35 lakh crore needed for national expressway project The government’s ambitious plan to build a 18,650-km-long national expressway network could involve a minimum investment of Rs Rs 3.35 lakh crore, according to the draft master plan report presented to the government…. |
