Chinese couples rush to divorce to avoid new property sales tax imposed by govt

In a bid to avoid a new property sales tax imposed by the government, Chinese couples are now rushing to divorce.

Realty crawling back towards recovery: E&Y

Recession-hit Indian real estate sector is crawling towards recovery with the return of end-users as well as institutional investors in the market, consultancy firm Ernst & Young has said.

Sensex down at 17,422.51; realty, bank stocks worst hit

A better-than-expected industrial growth for November and promising third quarter earnings by trend-setter Infosys failed to cheer the markets and the benchmark Sensex on Tuesday closed down by over 100 points.

Unitech sells properties worth Rs 5,553cr during Mar-Dec`09

Unitech Ltd, the country`s second largest realty firm, has sold properties worth Rs 5,553 crore in ten months till December 2009 on the back of improved demand for affordable housing.

Affordable housing to play key role in 2010, says CREDAI

Affordable housing segment will play a key role in driving growth for India`s real estate sector in 2010 on the back of pick up in demand, a top industry body has said.

Godrej Properties to raise upto Rs 3,000cr for expansion

After its Rs 462-crore initial share sale, the real estate developer Godrej Properties said it plans to raise around Rs 3,000-crore through debt or equity to fund its expansion plans over the next two-three years.

Mall space dips by over 60 pc, B`lore leads with 80pc

Supply of fresh mall space in the eight major metros saw an over 60 per cent decline from the projected supply during the year.

Realty may see consolidation: FICCI

Indian realty sector may experience consolidation wherein bigger players may opt for outright buy of smaller firms or forge JV or biz alliances with them.

Dubai`s World`s debt concerns drag realty stocks down

Realty stocks crashed on the BSE Friday on fears of a debt crisis in Dubai raised by Middle East`s largest property firm Dubai World asking creditors if it could defer repaying USD 60 billion in loan until may next year.

Sahara realty arm files IPO prospectus, to raise Rs 3,450 cr

Sahara Prime City, part of Subrata Roy-led Sahara Group, today filed the draft prospectus with the market regulator SEBI for its initial public offer to raise up to Rs 3,450 crore.

Sahara group plans IPO for realty arm; eyes up to Rs 5,000 cr

Sahara Prime City, part of Subrata
Roy-led Sahara group, is planning to raise up to Rs 5,000 crore by year-end through an initial public offer, for which it will approach market regulator SEBI later this month.

Fund raising by realty-focused PEs slows, slumps 72% in Q2

Money by realty-focused private
equity funds declined to over a four-year-low level of USD
10.3 billion in April-June 2009 as institutional investors
remained hesitant in committing capital.