Latest Realty News

Investors of Hirco Plc raise questions against erstwhile bosses
Dec 10, 2013
MUMBAI: Investors of Hirco Plc, a company listed on London's Stock Exchange's sub-market AIM, are raising serious questions against the firm's erstwhile chairman Niranjan Hiranandani and then CEO Priya Hiranandani-Vandrevala.
Promoters of Dabur Burman family to foray into real estate business
Oct 23, 2013
BANGALORE: The Burman family, promoters of the $1-billion FMCG major Dabur, is entering the Indian real estate market through a joint venture with a US-based private equity investor, said multiple sources briefed on the matter.
Reits: An alternative route
Oct 16, 2013
MUMBAI: Soon, real estate investors would have another investment vehicle to ride — real estate investment trusts (Reits). Though the Securities and Exchange Board of India (Sebi) had initially contemplated permission to launch the product in 2008, it finally brought out a consultative paper on the subject for public feedback on Thursday.
Xander to buy Shriram arm’s IT SEZ for Rs 690 crore
Oct 15, 2013
BANGALORE: Global fund house Xander, the largest foreign investor in Indian realty assets, is close to acquiring an IT special economic zone in Chennai from the developer arm of Shriram Group for Rs 690 crore ($112 million), said people directly aware of the matter.
Asia to invest $150 bn in real estate globally
Oct 10, 2013
DELHI: Asian institutional investors are looking to invest $150 billion in global real estate in the next five years, with a focus on cities like Dubai, London, New York and Sydney, according to a new research.
Srajkund: Prices rising but limited jobs
Sep 30, 2013
DELHI: Of late, Surajkund has been hyped as an attractive alternative real estate destination on the Delhi-National Capital Region (NCR) map. Property prices in this location have seen an uptrend and this has evinced increasing interest from investors.
Rising defaults by short-term realty investors add to developers’ woes
Sep 18, 2013
DELHI: Short-term real estate investors, a source of quick funds for housing projects, are increasingly defaulting on payment to developers, as economic slowdown and rising cost of living keeps regular homebuyers on the fringes, narrowing exit routes for speculators.
Rupee free fall wipes out meager returns on real estate; makes PE exit painful
Sep 12, 2013
MUMBAI/BANGALORE: The depreciating rupee may have helped improve property sales to NRI buyers, but it isn't helping the saviour of real estate developers — private equity firms — which are not only stuck with their earlier investments, but can't raise fresh funds either.
‘Curbs on property investment abroad may boost premium segment in India’
Aug 17, 2013
HYDERABAD: RBI curbs on overseas property investments to protect the rupee seems to be good news for Indian real estate as capital which otherwise would have been diverted abroad will now stay in the country.
Duped chit fund investors stage stir
Aug 01, 2013
BHUBANESWAR: Investors duped by SaiPragati Assets and Properties Private Limited on Monday staged a demonstration in front of the chief minister's grievance cell here demanding CBI probe into the scam. The investors alleged that the money circulation company duped around 85,000 people in the state of nearly Rs 650 crore. Currently, the Economic Offences Wing (EOW) of the Crime Branch is probing the financial irregularity by the company.
Getting land in Karnataka is industry’s biggest issue
Jul 26, 2013
BANGALORE: A big industrialist who is trying to establish a thermal power plant in north Karnataka says that after numerous personal visits to the area over two-three years, he has managed to get consent from farmers to acquire about 150 acres.
Will rupee depreciation bring NRI real estate investors home?
Jul 09, 2013
DELHI: Dubai, which is touted to be the most popular and world-class property investment destination in the Middle East, has started to witness a recovery of its property market post the financial crisis. In 2012, real estate prices recovered for the first time, growing by 10% y/y, according to the Dubai Land Development (DLD) authority’s data and as quoted in various regional media. Real estate transactions in Dubai had increased by 8% to Dh154 million in 2012.
Real estate draws domestic venture funds, as telecom lures foreign ones
Jun 20, 2013
MUMBAI: Venture capital firms based in India appear to find real estate projects more lucrative. The bulk of these funds has been parked in real estate projects, according to the Securities and Exchange Board of India data.
Investors avoid buying luxury homes as returns fade
Oct 03, 2012
NEW DELHI: Rishabh Singhvi's biggest investment bet for many years is in the doldrums. The luxury apartments the 34-year-old Delhi businessman used to buy and sell in Gurgaon to make yearly profits of around 30 per cent barely two years ago, don't fetch him more than 6-7 per cent returns these days. "It does not make sense to park your money in bricks and mortar any more. Returns have crashed
'Odisha top destination for FDI in India'
Aug 27, 2012
Bhubaneswar: Mineral rich Odisha has emerged as the most favoured destination for overseas investors with investment proposals worth Rs 49,527 crore followed by Andhra Pradesh and Gujarat during 2011-12, according to apex industry body ASSOCHAM. Though barely 17 FDI proposals were filed in Odisha, the state garnered lion's share worth about Rs 49,527 crore in the total FDI proposed across Ind

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