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Hiranandani: A billionaire company in Indian real estate sector

Hiranandani: A billionaire company in Indian real estate sector
Hiranandani group has started their real estate journey in 1981 with low cost residential housing projects in Versova. Today the group is well known for their modern and state-of-the-art property development projects in Thane and Powai. The other well known projects of the Hiranandani Group are Hiranandani Gardens at Powai, Hiranandani Meadows & Hiranandani Estate [...] Continue Reading »

GMR Infrastructure has reported loss in the last financial year

GMR Infrastructure has reported loss in the last financial year
GMR Infrastructure has reported net loss of Rs 3.66 billion in the financial year 2011-12. According to a company spoke person the loss is due to poor performance of the power segment due to shortage of gas and delay in the process of monetization of real estate at DIAL (Delhi International Airport). GMR Infrastructure is [...] Continue Reading »

Inflation rate of property in Noida is highest

Inflation rate of property in Noida is highest
In a recent study made by a real estate research firm it is revealed that the cost of properties in Delhi-NCR have increased by an average of 25 percent. Properties in Noida record the highest property inflation rate in the region, with a 48 percent increase in prices. The research was made over 40,302 residential [...] Continue Reading »

Avail tax benefits from second property in India

Avail tax benefits from second property in India
In the present real estate market scenario the home buyers are younger than they were before. Most of the home buyers buy their dream home in their twenties. Buying a second house in India is a new trend and has been recognized as a growing market in the past few years. As an investment, real [...] Continue Reading »

Rs 250 crore are raised by Ajay Piramal realty fund

Rs 250 crore are raised by Ajay Piramal realty fund
Ajay Piramal-backed Indiareit Fund Advisors Pvt. Ltd has raised a Rs 250 crore fund that will be invested solely in redevelopment projects of slums, old housing societies and ceased buildings in Mumbai. The real estate fund has planned to raise another Rs 200-250 crore before closing the fund in a couple of months. According to [...] Continue Reading »

Prestige Estates has performed better in Bangalore real estate business

Prestige Estates has performed better in Bangalore real estate business
Bangalore based Prestige Estates has performed better than its competitors in the industry, especially in the fourth quarter of the last fiscal. The group is a well-known developer in South India with a strong presence in Bangalore, Hyderabad, Chennai, Mysore and Mangalore. This progress happened due to the stable real estate growth in Bangalore and [...] Continue Reading »

GHMC Hyderabad to bring in reforms in contract system

GHMC Hyderabad to bring in reforms in contract system
Witnessing many contracts not able to finish within the stipulated time by the contractors, Greater Hyderabad Municipal Corporation (GHMC) has plans of making some amendments in the current contract system. One of the reasons cited by the contractors is due to financial constrains as contracts have to be finished within the limited budget of Rs [...] Continue Reading »

Two road projects will be constructed by L&T

Two road projects will be constructed by L&T
L&T Infrastructure Development Projects has signed the concession agreement with National Highways Authority of India (NHAI) to build-own-operate two road projects worth a total of Rs 4,800 crore. L&T IDPL signed agreements with the NHAI for both the projects which will have a concession period of 20 years, including a construction period of 30 months. [...] Continue Reading »

DLF focuses on luxury homes to drive its profit margin

DLF focuses on luxury homes to drive its profit margin
DLF builder has planned to focus on building luxury homes and continue selling non-core assets to reduce debt. DLF, which saw a 37 percent erosion in its share price in 2011, is struggling to meet a target of selling non-core assets worth 60-70 billion rupees by 2012-13 to pare its debt. Since 2007-08, DLF’s interest [...] Continue Reading »

New update on Adarsh Society Scam

New update on Adarsh Society Scam
Two accused in Adarsh Society scam were granted bail by the CBI special court. Those two accused had been in custody since their arrest on April 3, had filed their bail applications on Monday. In the bail application the lawyer has said that all the offenses are punishable for less than 10 years and therefore [...] Continue Reading »



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