Nitin Gadkari and Purti Group face allegations of a real estate scam involving farmers' land. Arvind Kejriwal, leader of India Against Corruption (IAC), accuses Gadkari of wrongdoing.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
Deccan Chronicle Holdings plans to sell the IPL franchise Deccan Chargers to Kamla Landmarc Real Estate, amidst ongoing court proceedings and shareholder approvals.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
Telenor and Unitech dissolve their Indian telecom joint venture, Uninor, following the 2G spectrum scandal. Telenor plans to establish a new entity and participate in upcoming spectrum auctions.
The Indian government dismissed inquiries into claims against Robert Vadra and DLF Ltd. Vadra denied accusations of using political power for illegal land deals. DLF shares fell sharply.
Private equity (PE) firms, once major real estate investors, now seek exits due to low returns. Over-optimism and soaring valuations have led to challenges, prompting caution.
CREDAI urges 10,000+ members to reject bribery, combatting corruption allegations in real estate. President Lalit Kumar Jain announced an "all-out war" against corruption, advocating for administrative reforms and transparency.
SEBI Approves Two More Alternative Investment Funds, Boosting Real Estate Investment
Online real estate advertising is a growing trend in India, offering advantages such as wider coverage, affordability, and time efficiency, with an estimated 85% of real estate marketing starting online.
Lodha Group in talks to buy DLF's Mumbai plot for $500 million.
Century Real Estate and IIM Bangalore have formed a partnership to launch a research initiative focused on the Indian real estate sector's data and policy guidance.
CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.
PwC stated at a conference that due to the global financial crisis, emerging markets' GDP may exceed advanced economies' sooner than anticipated, requiring real estate investors to adapt.
Unitech Ltd.'s Q4 profit plummeted 98% due to high interest rates and property prices impacting demand. The company expects improvement in the current fiscal year with increased funding availability and lower interest rates.
Indian companies face profit declines and slower revenue growth, as rising costs and falling demand impact earnings, particularly among major industry players.
Mumbai land prices, already the highest in India, are expected to continue their 15 percent decline this year due to high borrowing costs and the need for developers to sell.
IL&FS Investment Managers Ltd (IIML) intends to launch a new fund under Yatra Capital, an India-focused real estate investment firm, pending shareholder approval and market conditions.
LIC Housing Finance has successfully closed Rs 250 crore for its first real estate private equity fund, targeting Rs 500 crore total investment.
Godrej Properties experienced its worst quarterly performance since 2010, reporting a drop in profit and subdued sales, but management remains optimistic about future growth.
IL&FS Investment Managers Ltd (IIML) is planning to launch IL&FS India Realty Fund (IRF) III with a targeted corpus of $500 million in the current FY.
Mumbai builders cancel their planned strike after negotiations with the Chief Minister regarding delayed project approvals and the establishment of a housing regulator.
A report by Jones Lang Lasalle highlights how Indian youth are pursuing real estate courses to enhance professionalism in the booming sector, underlining the industry's evolving demand for skilled talent.
Tata Housing has won five prestigious Asia Pacific Property Awards 2012, including the five-star award for La Montana, reaffirming its leadership in residential real estate.
ASK Property Investment Advisors plans to invest in Indian real estate projects via its new offshore fund, committing $40 million initially.
