Delhi-NCR tops list for unsold homes
Real estate developers maintain price levels even as demand slows and interest rates rise. This year, the unsold inventory in residential real estate was the highest in Delhi-NCR at 102,758 units,...
View ArticleGMR completes 30% stake sale in Singapore arm to Petronas
GMR Infrastructure had completed sale of 30 per cent stake in its Singapore-based subsidiary GMR Energy to Malaysian oil and gas major Petronas for about SGD 50 million. “The transfer of [30 per cent]...
View ArticleDLF and Hubtown sell Pune SEZ to Blackstone for Rs 810 crore
Real estate developers DLF Ltd and Hubtown Ltd have sold an IT SEZ that they co-own in Pune to private equity fund Blackstone for Rs 810 crore. DLF has a 67% shareholding in the joint venture company...
View ArticleEiffel Group to invest Rs 300 crore in golden triangle belt
As the second home phenomenon gains currency in the industrially-developed Mumbai-Pune- Nashik belt, realty player Eiffel Group has earmarked Rs 300 crore over the next three years to launch more...
View ArticleDDA’s role as housing watchdog may get the axe
Delhi Development Authority (DDA) could soon lose its monitoring role over all housing activities in the national capital. The finance ministry has initiated work on creating a new regulator for the...
View ArticleBengal set to amend Urban Land Ceiling Act
In the New Year, Mamata Banerjee’s government is finally in the process of readying its first formal sop for attracting investment in the state, seven months after she assumed charge of West Bengal....
View ArticlePolicy focus should be on FDI
The government’s move to allow foreign retail investors to invest directly in equities is welcome, but only an incremental step to shore up capital inflows. Already, qualified financial investors (...
View ArticleFDI in pension funds to source infra requirements: Assocham
FDI in pension fund management companies will further increase the volume of assets that can be invested in infrastructure. India needs one trillion dollars (about Rs 52 lakh crore) for infrastructure...
View ArticleBPTP buys out Merrill Lynch’s 49% stake in Gurgaon project for 180 crore
Real estate developer BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for Rs 180 crore. The developer has its corporate office in the same building. Merrill Lynch...
View ArticleMahindra Lifespaces enters Hyderabad
Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the $14.4 billion Mahindra Group has been at the forefront of urban development by creating sustainable...
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