| I-T raids on real estate developers, hoteliers | 21-NOV-09 |
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| Income Tax officials on Friday conducted raids on several real estate developers, hoteliers, politicians among others and unearthed several cases of Income Tax evasion by them. They also seized many documents pertaining to illegal property documents and unaccounted cash among others. |
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| Web exclusive: Paradigm shift in realty | 19-NOV-09 |
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| People in India swear by the success of the real estate sector, understandably so, for it is the country’s second largest employer and contributes to approximately 5 per cent to its GDP. The sector received foreign direct investment (FDI) of about Rs 21,370 crore between April 2007 and March 2009, second only to the services sector. |
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| Lodha to invest Rs 6,000 cr in existing projects | 18-NOV-09 |
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| Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its initial public offer (IPO) early next year, will invest Rs 6,000 crore in the next three years on construction of its existing projects. |
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| IVRCL: Value in restructuring | 16-NOV-09 |
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| IVRCL has announced a restructuring of its subsidiaries recently. The scheme proposes an amalgamation of IVR strategic resources and IVR Water Infrastructure, which are both wholly owned subsidiaries of IVRCL with IVR Prime urban developers, its real estate arm, where it has a 62.35% stake. |
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| Real estate industry on recovery path: E&Y | 12-NOV-09 |
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| Driven by price corrections, softening of interest rates and improved liquidity, the real estate industry is on the path of recovery on the back of improved demand in the residential segment. |
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| Office rentals in big cities start to go up: report | 09-NOV-09 |
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| Office rentals in the central locations of major Indian cities has started to pick up, although this did not have any positive impact on rental rates in decentralised office areas, according to real estate consultancy CB Richard Ellis (CBRE). |
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| Duet Hotels to invest Rs 2,300 cr | 08-NOV-09 |
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| Duet India Hotels, a Delhi-based real estate investment company with interests in the development of hospitality assets in India, will invest $500 million (Rs 2,300 crore) over four years to build 5,000 hotel rooms in the country. |
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| Now Cong, Trinamool battle over real estate | 04-NOV-09 |
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| Real estate in the Lutyen’s Delhi zone has emerged as the latest bone of contention between the Congress and its biggest ally in the second United Progressive Alliance (UPA) — the Trinamool Congress. According to top Trinamool sources, their leader Mamata Banerjee is again angry with the Congress — even before the previous contentious issues could subside — over non-allocation of a preferred bungalow for her party office in the national capital. |
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| 'All markets are now recovering' | 03-NOV-09 |
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| The biggest casualty of the global financial meltdown was real estate. Banks became wary of lending. Home buyers postponed purchases out of fears of joblessness. Companies put their real estate plans on hold or simply dumped them. Of late, things have begun to look up. Takers for reasonably-priced real estate are back. Large buyers of office space, especially the information technology companies, have started to return to the market place. |
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