Real estate prices in NCR surged by 20-27% in Q1 of the current financial year compared to the same period last year, driven by continued demand and infrastructure improvements.
GMR Infrastructure reports Q4 net loss of Rs 1,006.7 crore due to one-time loss from InterGen NV dissociation and Delhi airport losses.
CREDAI introduces a new transparency system for Chhattisgarh real estate developers, focusing on clear dealings, consumer redressal, and adherence to a code of conduct.
DB Realty faces changes in its board as Michael McCook resigns and new directors KM Goenka and Usman Balwa are appointed amid ongoing legal issues related to the 2G scam.
Rising real estate rates in Mumbai and other metropolitan cities have led to an increase in rental values, up to 11% in Mumbai. South Mumbai saw a drop, but suburbs experienced significant growth.
TATA Housing Development ventures into the Mumbai market with redevelopment projects in premium housing, aiming to bring ethical practices and quality products.
Lutron, a global lighting controls major, plans to enter the residential apartment market in India. The company aims to double its business in the next few years, despite market challenges.
Shapoorji Pallonji Group aims to enhance ownership in infrastructure as it nears its 150th anniversary, emphasizing roads, ports, and power developments.
Embassy Developers plans to raise over 513 million US Dollars through an IPO, with pre-IPO placements and potential discounts for retail investors, according to their prospectus.
India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.
RBI & DIPP to regulate Real Estate Firms' access to External Commercial Borrowings (ECBs) with stricter norms, citing misuse concerns.
RICS India forms new boards and committees to enhance professionalism and transparency in Indian Real Estate
Realty sector and infrastructure firms like GMR and HCC are venturing into the education sector, aiming to capitalize on the growing education industry in India.
Yatra Capital to invest ₹115 cr in Indian real estate in FY10, focusing on affordable residential projects in tier I and II cities.
IL&FS private equity plans to boost investments in infrastructure and real estate, increasing commitments significantly by FY10's end, highlighting bullish market outlook.
The 2010 India Realty Expo in Dubai, organized by MCHI, saw significant success with 2,847 NRI attendees. Attractive pricing and ready properties drew numerous investors. The expo showcased projects from Mumbai, Bangalore, Goa, and Pune, with strong interest in 2/3 BHK flats.
RE/MAX partners with Bhopal's Vision Advisory Services, marking its first foray into building a national real estate network in India.
The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.
Ireo announces the launch of Victory Valley in Gurgaon, featuring the tallest residential towers in North India with apartments ranging from 2 to 5 bedrooms.