Latest Realty News

Nov 25, 2015
MUMBAI:In the largest commercial space transaction in Navi Mumbai, SBI Life Insurance Company has bought 1 lakh sq ft office space from L&T Realty at its mixed-use project L&T Seawoods Grand Central for Rs 140 crore, said three persons familiar with the matter.
No proposal to hike foreign investment limit in banks: Govt
Aug 24, 2013
DELHI: There is no proposal to hike foreign investment ceiling in the banking sector, the government said today.
DLF puts Pune IT special economic zone on the block
Aug 08, 2013
MUMBAI/BANGALORE: DLF, India's biggest real estate developer, has put on the block the second phase of its under-construction IT special economic zone project in Pune'sHinjewadi for an anticipated Rs 250 crore, a move in line with the company's strategy to pare its debt by exiting non-core projects and businesses.
DLF to cut debt by Rs 4,000 cr in FY'14 as targeted
Aug 04, 2013
DELHI: India's largest realty firm DLF will cut debt by about Rs 4,000 crore this fiscal as targeted even if the company is unable to close the USD 300 million deal to sell the luxury hotel chain Amanresorts.
Tata Realty may raise up to 800 crore by selling Goregaon IT park
Jul 31, 2013
MUMBAI: Tata Realty & Infrastructure, the infrastructure development arm of Tata Group, has put its 780,000 sq ft IT park in Mumbai's Goregaon suburb on the block. It aims to raise Rs 800 crore through sale of this park after acquiring it from Kotak Realty Fund for Rs 525 crore in March 2011, said two persons close to the development.
Air India's plan to monetise Rs 5000 crore realty assets fails to take off
Jul 29, 2013
BANGALORE: Air India's plan to monetise real estate worth Rs 5,000 crore has failed to take off because the state-run carrier has been unable to locate the ownership documents of most of the properties it has shortlisted for sale. "Transactions are getting delayed because the ownership documents for a large number of properties that are expected to be monetised are missing," a person with direct knowledge of the matter told ET.
DLF exits from insurance biz; sells 74% stake in DLF Pramerica
Jul 26, 2013
DELHI: Realty major DLF today exited the life insurance business by selling 74 per cent stake in its joint venture DLFPramerica Life Insurance to Dewan Housing Finance for an undisclosed amount.

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