On Thursday, Crisil, the leading credit ratings agency, introduced real estate ratings in order to help buyers in making informed purchases so that greater transparency can be achieved. This concept of rating is launched for the first time by any Indian organization. Roopa Kudva, the Managing Director and Chief Executive Director of Crisil, told that […]
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Also tagged crest, crisil, indian organization, Infrastructure, innovations, Launch, Managing Director, overruns, parameters, Project Completion, Real Estate, Real Estate Rating, roopa, seven stars, timely completion, transperancy
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January 6, 2009 – 11:50 pm
Indiabulls Financial Services (IBFSL) on Tuesday said that it has released over 3% equity of Mumbai-based developer Akruti City as the real estate firm paid back a major part of its loan amount taken from IBFCL. Akruti had taken Rs 200 crore from IBFSL by pledging 6% of its equity for working capital requirement. IBFSL […]
Four hotel chains have submitted bids for a plot to build a five-star hotel in Navi Mumbai, at a time when land prices have dipped in Mumbai and surrounding areas. Indian Hotels Co. Ltd, which owns the Taj group of hotels, Sun-n-Sand Group of Hotels, Leela Palaces, Hotels and Resorts and Metropolis Hotel have submitted […]
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Also tagged Cidco, Five Star Hotel, Hotel, Hotel Chains, Knight Frank, Land Auctions, Landowner, Maharashtra, Palm Beach, Property Auction, Taj Group Of Hotel
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It is now become essential to standardize real estate. Builders and developers are not averse to the idea of a regulator in the real estate sector.Credai president Mr. Kumar Gera said that developers want a regulator to discourage the dishonest players from entering the sector. Mr. Gera further said that Credai has made a number […]
New Delhi-based real estate developer, Parsvnath Developers, plans to develop a mixed-use project, Parsvnath Planet Plaza, in Lucknow. The entire project is expected to incur an approximate cost of Rs 120 crore.
The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI’s move to allow Real Estate Mutual Funds, says global consultancy giant KPMG. Mr. Jai Mayani, KPMG’s Executive Director and real estate head in India, said, […]
Real estate developer Rakindo Developers has unveiled its plan to build a $1.5 billion (Rs 6,000 crore) integrated township at Coimbatore. It is expected to be ready for launch by the last quarter of 2008. Mr Prasad Koneru, MD, Rakindo Developers, told that the flagship project of Rakindo Developers in the texcity will be developed […]
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Also tagged coimbatore, Flagship Project, Golf Course, Hole, Hospital, Infrastructure, Koneru, Real Estate Developer, Residential, Town, Villas
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