Oberoi Realty order book jumps 50% at Rs 1,500 crore in FY12
Oberoi Realty Ltd.
MUMBAI: Oberoi Realty Ltd today said its order book has increased by 50 per cent to Rs 1,500 crore in FY12 as against Rs 1,000 crore in FY 11.
“Our order book has jumped by nearly 50… Continue reading
Manage realty risks with REPE
: The current standoff in real estate markets due to global uncertainty, high interest scenario and flagging demand has put the investor in a fix. Apart from the macroeconomic issues there are number of risks associated with the developer where… Continue reading
Realty industry welcomes RBI rate cut, sees benefit for all
BSE Realty
NEW DELHI: The interest rate sensitive realty industry on Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’… Continue reading
Chennai realty company targets Jains, Marwaris for high-end project
Jains
CHENNAI: A realty developer in Chennai is eyeing buyers from the wealthy Jain and Marwari communities in the city for an upcoming high-end residential apartment project.
The developer, SPR & RG, is likely to commence the 38-unit project in… Continue reading
Piramal Realty inks JV pact with Famous Studios for joint development of property
Abbott Laboratories
MUMBAI: The Ajay Piramal-led Piramal Realty has entered into an agreement with the owners of Famous Studios at Mahalaxmi in South Mumbai for joint development of the property, people familiar with the development said.
The transaction for the… Continue reading
Government sets up a panel to help realty projects work faster
Competition Commission of India
NEW DELHI: The government has set up a committee to streamline the approval procedures for real estate projects in the country, a move that will help fast-track projects and cut cost overruns for builders and buyers.… Continue reading
SAIF Partners and Accel Partners announce Rs 25 crore investment in PropTiger Realty
Accel Partners
Venture capital firms SAIF Partners and Accel Partners have announced a Rs 25 crore investment in PropTiger Realty Private Ltd, which runs the real estate marketing services portal PropTiger.com, on Friday.
The latest round of funding will see… Continue reading
Realty firm gave large amount to tainted official: RR
MUMBAI: ARRESTED deputy collector Nitesh Thakur,who is under investigation in a disproportionate assets case, had received a large sum from real estate firm Shapoorji Pallonji, Home Minister R R Patil told the Assembly on Thursday. He said the police were… Continue reading
Equinox Realty to invest Rs 600cr on housing project in B’lore
New Delhi: Essar Group real estate company Equinox Realty will invest about Rs 600 crore on construction of its first housing project in Bangalore.
The company, which forayed into the realty sector in 2007, has appointed construction major L&T to… Continue reading
Adani Realty to invest Rs 1,200 crore in Mumbai project
Adani Group
MUMBAI: Adani Group’s real estate arm, Adani Realty Business plans to invest Rs 1,200 crore for constructing a 29-storeyed structure in suburban Mumbai.
“We plan to invest around Rs 1,200 crore for this project which will be one… Continue reading