Tag: Goa

Realty Expo 2010 Scheduled in Dubai

Photo by on Vacation ModeOne of the most prominent bodies of realty developers and builders, Maharashtra Chamber of Housing Industry (MCHI) has planned to showcase the phenomenal work of Indian builders in the field of property in the 13th India Realty Expo 2010. This expo is scheduled from 3rd to 5th June, 2010 in Dubai, […]

ED Suspects Russian Land Mafia Behind FEMA Violation In Goa

The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia. The agency suspects that some Indian companies that bought large plots in […]

Centre has power to denotify SEZ

Goa Chief Minister Digamber Kamat said that the Centre has a power to denotify Special Econimic Zone (SEZ) if they are not operational within stipulated period of time. Kamat told the State Legislative Assembly on Tuesday, “During my talks with union Commerce Minister Kamal Nath, he said that SEZ projects should be complete within a […]

Ahmedabad Attracting NRI

When a London-based real estate marketing firm recently held India property road shows in the US and UK, they were zapped to find Ahmedabad rubbing shoulders with Goa and Mumbai when it came to attracting the highest number of non-resident Indian (NRI) queries. At a time when the appetite for Indian realty is growing in […]

Violation Of FEMA In Goa

After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions. Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement […]

JNB Will Open 50 Hotels Across The Country By 2015

US-based real estate management, investment and development consortium, JNB Investments LLC, has forayed into the Indian hospitality market, with plans to set up 50 hotels in the country by 2015. The company will invest about Rs 2000 Crore in the development, which will be collected through internal accruals and other sources of funding. JNB will […]

DLF Plans Multiplexes In Different Part Of Country

Chandigarh: DLF, a leading real estate player in the country, plans to invest Rs 1,250 crore for the development of its multiplex business. The company has planned to add minimum 500 screens in the next four to five years across the country. DLF’s entertainment arm DT Cinemas will set up a megaplex, which will have […]

NITCO Will Establish Separates Realty Company

21 January 2008: NITCO Group has decided to hive off its realty business into a separate company. Till now, NITCO is into tiles and real estate and distribution both. At present NITCO real estate arm is at 500 crore. NITCO will list NITCO Realties when its real estate arm achieves sales of Rs 1,000-1200 crore.