Tag: New Delhi

Tata Housing and Tata Realty Acting as Competitors

April 26, 2010 The two companies Tata Realty and Tata Housing belonging to Tata Sons Ltd. are competing with each other which are doing nothing but hindering Tata Sons on a whole.  Therefore, Tata Sons is asking them to avoid this competition. Tata Housing Development Co. Ltd was established so as to develop and sell […]

Slump in retail rentals

As per CBRE, New Delhi witnessed a decline in retail rentals of 25% and ranked 69th in rentals among the list of major cities across the world during the Q1 of this year. Demand for retail space has decreased in most markets across the world as consumers cut back on spending and unemployment continues to […]

Delhi is the most expensive city

India Real Estate LinkThe national capital has become the most expensive city in the country for expatriates. Comparing with other metro cities, New Delhi is ahead of Mumbai, Bangalore and Chennai. However, all Indian cities have witnessed a decline in their rankings in terms of cost of living this year with New Delhi falling to […]

DLF cuts target by a third due to property slump

DLF Ltd has cut its current fiscal deliverable targets by about 33% following the deterioration in the housing and commercial property market. The company is now expecting to deliver 15 million square feet against a guidance of 22-24 million square feet at the beginning of this fiscal. It has completed about 7 million square feet […]

TDIL’s scheme for customers

TDI Infrastructure Ltd (TDIL) has announced a scheme for customers who wish to build their homes by offering subsidized construction and assured rentals. A first of its type scheme, Build and Earn, will enable plot owners of TDI City, Kundli, to build their dream house while enjoying a rebate of about 20-25% on the overall […]

Twenty-three New SEZs Cleared

New Delhi:The Center cleared twenty-three new special economic zones (SEZs), including seventeen projects for setting up information technology and IT-enabled services (ITeS) zones, besides giving in-principal approval to six proposals. The Board of Approval of the Special Economic Zones, headed by Union Commerce Secretary G. K. Pillai, considered a total of thirty-four SEZ proposals, including […]

Meerut-The Rising Real Estate Destination

Meerut is only 72 kilometers from new delhi. It is an ancient city, which belongs to Uttar Pradesh state. The great history from the city is that Mandodari, wife of Ravana, belongs to this city. Meerut is stand at 28.98 north and 77.7 east, and 219 meters above from sea level. Meerut is the major […]

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 […]

EIB’s 2nd Fund To Focus On Indian realty

Emirates Islamic Bank (EIB), a leading Islamic financial institution in the region, plans to launch a 2nd fund focused on the Indian real estate market following the doing well closing of its Danat India RIA Fund, the bank said on 3rd june. The bank said the new fund will add to a growing portfolio of […]

Developers are targeting youth

MUMBAI, May 2 – Indian property investors are aiming lower- to mid-end house owners in the booming economy now that sales of luxurious apartments have slowed. With the number of families earning more than five thousand dollar per annum set to double to around twenty million in the coming two years, demand for small and […]

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.

Commercial Development of Vacant Railway Land

The Ministry of Railways have set up Rail Land Development Authority (RLDA) by an amendment to Railways Act, 1989 (Amendment No. 47 of 2005) for commercial development of vacant railway land for generating revenue. So far 115 sites, covering a total area of 1139 hectares (approx) have been entrusted to the Authority for commercial development […]

Real Estate Bubble Around The World

Most of the ETFs and Mutual Funds at the different Asset Managers are losing value, as can be noticed from the website of any one of the companies. One of the exceptions is the equity in the rising markets. This sector has matured seemingly and unaltered by the Recession in the US. India is one […]

Century 21 will make 1000 offices all over the country

New Delhi: Global realty brokerage firm Century 21 Real Estate LLC pronounce its foray into the Indian market with plans to open offices from all over the country, where it is eyeing a business of one thousand crore in next five years. The US-based company plans to open one thousand offices through franchisee route. It […]

Centre clears 18 FDI proposals

NEW DELHI: The Central Government on Friday cleared 18 foreign direct investment (FDI) proposals worth Rs. 1,553.26 crore. This includes Essar Capital’s plans to acquire the status of holding company to make investment in downstream finance and non-banking financial sector and induction of equity shares by Essar Global for Rs. 560 crore. The proposals also […]

Unitech posts 39% rise in net profit

January 31, 2008, NEW DELHI: Unitech posted 39 percent increase in consolidated net profit. It got an increment from 377.84 crore to 525.78 crore in a quarter. Total income of Unitech group during the quarter under review was Rs 1165.11 crore, which is 19% high from last year. Mr. Sanjay Chandra, Managing Director, Unitech Ltd, […]