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  • TVH launches Rs 800 crore residential township, integrated township

    The Economic Times | The Indian Express | The Hindu | The Statesman | Coimbatore

    January 31, 2011

    Leading property development firm TVH on Sunday launched its Rs 800 crore multifaceted residential project and integrated township in the city.

  • Indian real estate sector attracts $2.8 billion FDI

    The Indian Express, Dubai

    January 29, 2011

    The housing and real estate sector in India witnessed foreign direct investment (FDI) of $2.8 billion in the fiscal year (April-March) 2009-10, according to indian Department of Industrial Policy and Promotion. The statistics made available at the IndiaHome property exhibition in Dubai revealed that total NRI FDI inflows through the period April-December 2009-10 stood at $320.05 million.

  • 135-acre Mum plot fetches 601 crore

    Rajshri Mehta, Mumbai, The Times of India (Delhi edition)

    January 22, 2011

    In what real estate experts believe could be a sign that land rates are becoming more realistic, a 135-acre plot that belonged to the defunct PAL-Peugeot auto company in Dombivli has been auctioned off to Metropolitan InfraHousing Pvt Ltd (a subsidiary of Gammon India), which offered the highest bid of Rs 601 crore.

  • Banks tighten lending for commercial realty

    Dinesh Unnikrishnan, Madhurima Nandy & Joel Rebello, Mint

    January 21, 2011

    Banks are getting tough with developers of commercial projects such as office buildings, malls and shopping centers - a fallout of the corporate loan scam that came to light last year. Meanwhile, several large property developers have to repay loans in the coming months.

  • Trump to make India foray with Mumbai luxury tower

    The Financial Express | The Times of India | Hindustan Times | Business Standard |

    January 18, 2011

    US billionaire real estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation.

  • Outlook for 2011

    The Economic Times (Bangalore edition)

    January 12, 2011

    As India gears itself to the growth path, the importance of real estate sector need not be overstressed. After a period of gradual consolidation, the sector is now poised to take a giant leap in the years to come. The Credai has released a white paper brought out in association with property consultants, Jones Lang LaSalle...

  • 16 promoters drop SEZ proposals in Maharashtra

    Prafulla Marpakwar, Mumbai, The Times of India

    January 07, 2011

    In a huge investment setback for Maharashtra, 16 developers who had applied to set up Special Economic Zones (SEZs) across the state have dropped the proposals, leading to a loss of over Rs 27,000 crore and 3.5 lakh jobs in the IT and power sectors. `This is the biggest ever comedown for Maharashtra since we always...

  • Maharashtra to release new industrial policy by March

    Sanjay Jog, Mumbai, Business Standard

    January 07, 2011

    Maharashtra, which is facing stiff competition from Gujarat, Haryana, Tamil Nadu, Orissa and Jharkhand in attracting industrial investments, has launched an exercise to frame a new industrial policy, which is expected to be released by March.

  • Property prices to rise in next one year, then correct: NHB

    Financial Chronicle | The Economic Times | Business Standard | The Financial Express | The Times of India | The Hindu Business Line | Deccan Herald | The Indian Express | The Statesman | Mail Today | New Delhi

    January 06, 2011

    Housing regulator, NHB, which is awaiting $ 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one-year, but that would result in correction in these rates in all the metros subsequently.

  • Realty funds emerging as favorite options for investors

    Jigar Desai & Jwalit Vyas, The Economic Times

    January 03, 2011

    Realty funds are emerging as one of the favourite options for investors, who want to cash in on the boom in the sector but are unable to pump in a lot of capital. Says B Srinivasan, a certified financial planner: “One way of investing in real estate asset class is by directly purchasing a property. However, investing in realty often requires huge capital, which might not be available with everyone.”