Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.
The Central Government is set to relax FDI norms for the real estate sector, which includes reducing the lock-in period and minimum capitalization to attract investments and make housing more affordable.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
Sahara Prime City engages construction firms for residential projects within Sahara City Homes, part of its 217-township initiative across India. Initial development focuses on 102 cities, including Lucknow, Nagpur, and Indore.
RBI's rate cuts and government stimulus aim to revive the housing market, but developers say more is needed to address credit flow challenges.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.
Gurgaon real estate is booming with both commercial and residential properties, offering diverse options for investors and residents alike.
Wipro Infotech secures a decade-long IT project from Lodha Group worth Rs. 1.3 billion for services in India and the Middle East.
Sahara India Group, valued at over $50 billion, explores UAE projects in various sectors, including real estate, media, and tourism, seeking investment opportunities.
Impact Projects and SARE partner to develop two luxury townships in Amritsar with an investment of ₹18 billion.
Mahindra Lifespace Developers Ltd may explore private equity funding for future projects but has no current plans to dilute its stake, according to Vice-Chairman Arun Nanda.
Nirmal Lifestyle plans to invest $5 billion in developing five townships in India, aiming for significant returns while targeting the affordable housing market.
Indian real estate market to grow 35-40% in next two years, attracting $12 billion in PE investments from players like Blackstone and Deutsche Bank.
National Highway-24 (NH-24) is attracting significant real estate investment due to rising housing costs in key Uttar Pradesh cities. The area offers affordable housing options and has witnessed the development of several townships, boosted by its proximity to Delhi and improved infrastructure.