After low-cost airlines, budget hotels, cheap cell phones, low-cost computers et al, it’s now time for branded low-cost houses. Delhi-based real estate major Omaxe is planning to invest Rs 8,000 crore in next five years in affordable housing projects. The company has floated a subsidiary National Affordable Housing and Infrastructure which will be building the [...]
Delhi-based DLF group would shortly have its presence felt in the border of Chandigarh as the company is coming up with their DLF Garden City Project near Panchkula for which the company is eyeing two hundred acres. Out of the two hundred acres, the company is said to have acquired thirty four acres with rest [...]
By manish
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Posted in Real Estate News
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Also tagged Chandigarh, Club House, Dlf Group, Fortis, Four Acres, Garden City, Haryana Government, india, New Delhi, Panchkula, Residential Apartments, Residential Project
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Real estate companies, who are bound by strict conditions for bringing in foreign direct investment (FDI), can now look forward to a breather.
Companies developing several projects simultaneously are likely to get a waiver on meeting FDI conditions on some if majority of the projects are FDI-compliant. Realty companies are subjected to conditions such as three-year [...]
The building sector in Pune and neighbouring areas is in terrible straits. The mass exodus of migrant workers from UP and Bihar, following alleged threats from Raj Thackeray’s Maharashtra Navnirman Sena, has forced builders to invoke the force majeure clause to escape liabilities of delays and cost overruns.
Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India.
The properties developed by ETA Star Properties will be managed by their hospitality [...]
Everyone has expectations from the Budget and it is reasonable to accept that the Finance Minister cannot please everyone. The Budget speech reflects the absence of any significant tax changes impacting the real estate sector.
It was widely anticipated that the Finance Minister will clarify taxation aspects in relation to Real Estate Investment Trusts, or REITs, [...]
February 28, 2008 – 11:41 pm
Real estate firm Housing Development & Infrastructure (HDIL) on Wednesday said the private equity firm DE Shaw is investing $250 million in Mack Star Marketing, an HDIL group company.
Mack Star Marketing holds development rights for a 54,000-metre commercial complex being constructed in Andheri. Last week, HDIL had transferred its development rights to this complex to [...]
February 1, 2008 – 11:41 pm
Builders have demanded to remove the uneven tax structure for Information Technology SEZs and non-Information Technology SEZs similar to Information Technology Parks, Software Technology Parks and commercial complexes in this financial year’s budget. Builders took up this matter in a meeting with housing and urban poverty alleviation minister. Previously, the government had considered the option of [...]
By manish
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Posted in Real Estate News
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Also tagged Budget Builder, Budget Debates, Commercial Complexes, Confederation, Credai, Delhi Ncr, Indexation, Limitless Number, Long Term Capital, Long Term Capital Gain, Parks Software, Poverty Alleviation, Real Estate Developers Association, Sezs, Software Technology Parks, Tax Rebates, Tax Structure, Term Asset, Uneven Tax, Urban Poverty
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February 1, 2008 – 8:10 am
India’s leading real estate developers, DLF Ltd. has sold its stake in Kenneth Builders and Developers Ltd. to its identical associate in the venture, India bulls Real Estate Ltd.
The two companies came together in 2006 to develop high-end housing apartments at Okhla in New Delhi. The division bought its only holding, 35.8 acres (14.5 hectares) [...]
January 15, 2008 – 3:25 am
January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the [...]
By Rajani
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Posted in Real Estate News
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Also tagged Dlf, Donald Trump, Donald Trump Jr, Housing Projects, india, India Real Estate, Indian Cities, Indore, Investment Destination, Joint Venture Partners, Kochi, Luxury Villas, Merrill Lynch, Merrill Lynch Co, Nakheel, Real Estate, Real Estate Investment, Real Estate Investors, Realty Market, Rs 1, Trump Organization
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