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  • DLF to sell developed properties

    Arun Kumar, New Delhi, The Economic Times

    May 30, 2011

    In a significant shift in strategy, DLF plans to sell developed properties, including five IT parks and its hotel business, hoping to mop up 7,000 crore in the next two years and reduce its burgeoning gross debt of 23,990 crore.

  • Rs 250 Crore - Convention Centre to come up near Bangalore Airport

    Bangalore, The Hindu Business Line

    May 27, 2011

    Keeping pace with other State capitals, Karnataka too will set up a mega convention centre near Devanahalli airport at a cost of Rs 250 crore.

  • SEZ developers seek more time

    New Delhi, The Economic Times | Mint | Financial Chronicle | The Statesman | The Asian Age | The Telegraph | Business Standard

    May 24, 2011

    Reflecting lack of enthusiasm for the special economic zones, as many as 53 developers including Parsvnath SEZ, Unitech Realty Projects and Uttam Galva Steels have sought more time from the government for implementing their projects.

  • Banks tighten norms for loans to real estate firms

    Sunny Verma, New Delhi, The Financial Express

    May 03, 2011

    Inflation management by RBI coupled with tight liquidity situation has put a squeeze on bank credit to the real estate sector. Banks have tightened lending to real estate companies fearing possible defaults on repayments and increased risks perception of developers amongst lenders.