Sterling Holiday Resorts: Total Resorts 18, Plans 13 Additional Sites

Sterling Holiday Resorts (India), India’s leading Vacation Ownership & Leisure Hospitality company, announced its results for the quarter ending March 31, 2012 along with its annual results for FY12. The quarterly Total Operating Income of the Company was reported as R…

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2012 - 13 : Cement prices to rise by 5.9 %

In India, Cement prices are expected to rise by 5.9%in 2012-2013. According to CMIE (Centre for Monitoring Indian Economy), "With costs expected to continue to rise, cement prices are likely to increase in tandem &  remain on the higher side. We believe prices are …

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Sankalp Group : Launches India's first zero carbon village

Sankalp Group has launched India's first zero carbon village namely Coral Village with ultra luxurious villas at Malvan, Sidhudurg district of Maharashtra. The project in 510 km away from Mumbai in Sidhudurg district, shares its border with Goa state. Mr. Bhushan Satam,…

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Dubai Tameer's Princess Tower : Enters Guinness World Records

The Dubai Marina development stands a staggering 107 storeys tall & encompasses 6 basement floors, one ground floor, 100 above ground levels &  8 retail stores. The tower occupies a land area of about  37,410 square feet, housing 763 luxury apartments, including on…

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Mallika Srinivasan, Cyrus Mistry on Tata Steel board

Tata Steel has appointed Mrs. Mallika Srinivasan and Mr. Cyrus Pallonji Mistry as additional directors on the board with immediate effect. Mr. Cyrus Mistry is the Deputy chairman, Tata Sons Limited. Mrs.Mallika Srinivasan, Chairman, TAFE (Tractors & Farm Equipment Limit…

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18 to 20% growth in housing loans in 2012-13: NHB Chairman

Loan portfolios of housing finance companies grew at a slower clip in 2011-12 compared with the previous year because of tight liquidity conditions &  higher borrowing costs. As per NHB (National Housing Bank), India's regulator of housing finance companies data sh…

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TNHB: Offers allottees option to revoke cancellation up to June 20

The Revocation Committee of TNHB (Tamil Nadu Housing Board) has decided to give a final chance to the allottees of various schemes of Tamil Nadu Housing Board whose allotments have been cancelled due to nonpayment of monthly installments for three months consecutively. …

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CREDAI : Bangalore New Office Bearers

Mr. Nagaraj R chairman, Zonasha Projects, has been elected president of the Confederation of Real Estate Developers' Association of India (CREDAI) – Bangalore, for 2012-14. The real estate industry body CREDAI said., "CREDAI – Bangalore has declared the new office-…

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DTCP Resale Plots at Tiruvallur

Some DTCP Resale Plots at Tiruvallur are...! * VEPPAMPATTU - 2013 square feet North facing, on 30 feet road offered price Rs. 475 sqaure feet (GUIDELINE VALUE Rs. 550) BEHIND SRIRAM ENGINEERING COLLEGE *  KILAMBAKKAM near SEVVAPET ON BUS route 100 feet MAIN ROAD, 1969 squrae f…

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Power of Attorney Property Deals Banned in Delhi

In an order that puts thousands of property transactions in Delhi under a cloud, the revenue department has made all real estate property sales through transfer of GPA ( general power of attorney) null and void with retrospective effect from October last year (2011). The ord…

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Maharashtra Housing Act : Will Protect Interests of Flat Owners

The proposed Maharashtra Housing Act will bring greater transparency & discipline in the transactions of flats & put a check on malpractices, Maharashtra Governor Mr. K Sankaranarayanan said recently.. Mr. K Sankaranarayanan said, “The Act will remove information asy…

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Noida, Greater Noida, Yamuna Expressway : Properties to Become Free-hold

If the new ownership policy recently announced by Uttar Pradesh state govt.is implemented, the properties at Noida, Greater Noida, Yamuna Expressway, will become free-hold. Now, plot of land is allotted on lease for 90 years in Noida Greater Noida. The authorities have formu…

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Planning Commission suggestion: Free Land for 999 years to Universities

For boosting up private sector investment in higher education, the central government should allocate land free of charge for 999 years to set up an educational institution ( University) , a group set up by the Planning Commission has suggested. The Committee report on corpora…

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Rs. 30,000 crore, Construction Sector Contributed to Delhi's GDP

The construction sector has contributed above Rs. 30,000 crore to Delhi's GDP (Gross Domestic production) of  Rs. 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the Delhi city's economy.  The latest report of Delhi Governme…

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SBI Housing Loans: Cross Rs. 1 Lakh Crore Mark

The housing loan portfolio of India's largest bank  SBI (State Bank of India) has crossed a record Rs. 1 lakh crore mark. The loan covering about 20 lakh happy families. According to Mr. A Krishnakumar, MD and Group Executive (National Banking), SBI said, ''SBI h…

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Bank of India cuts home loan rates

The state run, Bank of India (BoI)  announced reduction in its house loan rates by up to 0.75% as well as a 0.25% drop in the base rate to 10.50%. The new rates will be effective May 1, 2012 the BoI said in a statement. Accordingly, the new rates will be 10.50% for loans up…

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LIC Housing: Double Lending to Real Estate Firmss

After keeping away from loans to real estate developers/builders for over a year following the bribes-for-loans scam, LICHF (LIC Housing Finance) plans to push up on the segment and is targeting to double disbursals in the high margin area in the current 2012-13 fiscal. Mr.V…

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Tata Housing’s La Montana: Bags Asia Pacific Property Awards 2012

India’s fastest growing real estate development firm,  Tata Housing Development Co Ltd,  with above 4.6 crore square feet, under various stages of development has once again triumphed the most prestigious 'Asia Pacific Property Awards 2012' (Part of the Internationa…

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