Tag: Developer

Launch of Real Estate Ratings

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 […]

IBFSL releases 3% equity of Akruti City

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 Groups Fighting For Hotel Plot In Navi Mumbai

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 […]

Standardization Of Real Estate Sector

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 […]

Parsvnath Developers To Develop Hotel-Cum-Mall In Lucknow

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.

Realty Space To Gain From Real Estate MFs

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, […]

Rakindo To Set Up $1.5 Billion Integrated Township

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 […]