The UP government is all set to give its formal nod to change in land use of reclaimed land between the Gomti barrage and the eight-lane bridge. The 8 acre of land would soon have its land use changed from open space to commercial. The Lucknow Development Authority has already given its approval to the […]
Tag: Land Acquisition
Realty stocks continue to haunt investors
December 24, 2008 – 6:02 am
Fears of slowdown, delay in project execution and delivery and plunging profit margins continue to haunt investors who have put their money in realty stocks. According to real estate sector report by Religare Securities, there has been a noticeable decline in enquiry numbers for residential property over the past few months. While terming all real […]
SEZ In Gurgaon By Raheja Developers
August 26, 2008 – 4:55 am
Realty firm Raheja Developers said it would invest about four thousan five hundred crore rupees to develop an engineering SEZ in Gurgaon over the next three to five years. This project, which is expected to create job opportunities for around fifty thousand people (including both direct and indirect) is said to have a potential to […]
Berggruen In A Thousand Crore Rupees Expansion
August 21, 2008 – 5:10 am
Berggruen Holdings, a New York-based private investment company, which is setting up a series of three- and four-star hotels under its arm Berggruen Hotels, will invest over Rs 1,000 crore in India till 2012. This quantum will be funded through a debt-equity ratio of 2:1. The company has tied up with IDFC for a loan […]
ICICI Pru Buys 50 % In DS Kulkarni Project
July 10, 2008 – 6:44 am
Real-estate firm DS Kulkarni Developers Ltd said on Wednesday that it has sold 50% in a unit setting up a premium Bangalore residential project to ICICI Prudential PMS Real Estate Portfolio, for 350 million rupees. ICICI Prudential PMS has invested in the project at the land acquisition stage. Last week, D S Kulkarni sold 50 […]
Hotmail Allies With Parsvnath
July 10, 2008 – 5:31 am
The famed Nano City project of Hotmail man Sabeer Bhatia, is all set to get a partner soon and that will be realtor Parsvnath Developers. As Sabeer arrives in India on July 10, final decisions will be taken about handing over 30-38% equity stake in the project to Parsvnath Developers. A senior official of Nanocity […]
DLF To Get 5000 Acres Land Less Than Market Rate
June 23, 2008 – 12:17 am
Real estate developer DLF will soon get around 5000 acres near Greater Noida at less than market rate under the Taj Expressway Industrial Development Authority’s (TEA) scheme. Jaypee group, too, has qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in queue for 2,500 acres each. TEA additional CEO C S Verma […]
Realty Is Facing A Major Cash Crunch
May 17, 2008 – 1:01 am
Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even […]
For Some Mahindra Lifespace May Opt PE Funding
May 7, 2008 – 7:36 am
MUMBAI – Real estate firm Mahindra Lifespace Developers Ltd may consider private equity funding for some of its projects, but has no immediate plans to dilute its stake, a top official said.
Land Deals At Prime Locations In Metros Losing Its Shine
May 3, 2008 – 12:51 am
The soaring land deals in prime location of metro cities, which had scaled astronomical levels in the past few years, seem to be losing steam. The deals being struck this year are at increasingly lower prices than the ones last year. Parsvnath Developers has bought 1.18 acre land, jointly owned by Mahajan Industries and Videocon […]
Delay in land acquisition derails TML’s expansion plan
February 19, 2008 – 6:26 am
Excessive delay in land acquisition by the West Bengal government has disrupted the expansion plan of Tata Metaliks (TML) in Kolkata. Mr. Harsh K Jha, Managing Director, TML, told the reporter on Monday that the company had applied for 350 acres of land near the existing plant at Kharagpur for expansion in February 2005. Further […]
Land acquisition becomes trend for corporate houses
February 18, 2008 – 5:08 am
February 17, Mumbai. As land prices is rising, large business houses now appear to be increasingly aware of their excess property holdings and the valuations it could fetch in addition to their regular stream of businesses. Hindustan Unilever, A multi-national, has an extensive property portfolio. HUL has entered the property development business in a big […]
