Over 55,000 home buyers will now get possession of their flats in Noida as the government today issued the final notification demarcating the Eco Sensitive Zone (ESZ) around Okhla bird sanctuary, realtors' apex body CREDAI said Wednesday.
Government Wednesday issued the final notification demarcating the Eco Sensitive Zone (ESZ) around Okhla bird sanctuary giving a big relief to thousands of home buyers in Noida and its vicinity as their apartments will now fall out of the new notified area.
Private equity firm Piramal Fund Management on Wednesday said it has exited its investment in a luxury residential project of realty player Omkar in Mumbai for almost Rs 500 crore.
The announcement by Union Environment Minister Prakash Javadekar came on a day the National Green Tribunal (NGT) directed the Ministry of Environment and Forests (MoEF) to issue within three weeks the final notification on Eco-Sensitive Zone (ESZ) around the sanctuary.
Realty major DLF Ltd has sold four acres of land in Kochi for Rs 111 crore as part of its plan to sell non-core assets to boost cash flows and reduce debt.
In its order, SEBI said PACL was selling fixed-return investment products disguised as land-for-fund schemes. It told the firm to return 491 billion rupees ($7.52 billion) it raised from 58.5 million customers.
The project is at a nascent stage for now and nothing has been finalised on paper as yet, state Urban Development Department (UDD) secretary Manisha Mhaiskar said.
Last month, an affiliate of Warburg Pincus, a leading global equity firm focused on growth investing,?committed an investment of?Rs 1,800?crore?for a minority stake.
"The company has just initiated development of a 2 million sq ft (approx) office complex in Cyber City Gurgaon," DLF said in an analyst presentation.
The real estate major had posted a net profit of Rs.72.64 crore for the quarter ended June 30, 2014.
Is your town among the 500 which are on the way to become India's modern cities.
The recommendations and guidelines for stage-1 development of 100 Smart Cities across the country will be announced either on Thursday or Friday, Union Urban Development Secretary Madhusudhan Prasad said here while inaugurating a conference here.
Realising the potential of the USD 6 billion Indian realty brokerage market, many tech professionals are launching portals and mobile applications that will make brokers more professional and accountable.
Total income from operations of the company also declined to Rs 2,392.75 crore in the April-June quarter from Rs 3,030.40 crore in the year-ago period, the company said in a filing to the BSE.
A sea-facing triplex penthouse in South Mumbai's Napean Sea Road locality has been bought by an industrialist for a whopping Rs 202-crore deal.
The company had posted a net profit of Rs 12.03 crore in the year-ago period, Omaxe said in BSE filing.
Property prices in Delhi-NCR rose 1 percent in the April-June quarter as against the previous three-month period of the last fiscal despite subdued demand and huge unsold inventories, according to a report by realty portal 99acres.Com.
Realty player Logix Group has bought back its equity stake in a housing project at Noida from ICICI group's real estate fund for about Rs 62 crore, paving way for the latter's exit from the project.
Realty major DLF is seeking shareholders' approval to create charge, lien or pledge on its over 50 percent shares in three subsidiaries, which holds rental commercial assets, for raising up to Rs 7,500 crore.
Real estate industry Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.