DLF plans to sell stakes in Pune, Noida IT parks for Rs 1,300 crore Gurgaon Based DLF, India's largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs 1,300 crore, as it steps up the disposal of non-core assets…
Ratan Tata chooses Retirement home
Sea-facing house at Colaba (part of the city of Mumbai) is getting ready to welcome Tata Sons chairman Mr. Ratan Tata, as he prepares to hand over the reigns of the salt-to-steel-to-software business group to his successor.
The house has received a partial occupancy certifi…
Term Plan for Seniors - No Medical Test
Addressing the senior citizens with a first-of-its-kind hassle-free, no-medical-test plan, private life insurer IDBI Federal launched a Term Plan aimed at providing guaranteed cover to those the age group 50 to 85 years.
IDBI Federal Termsurance® Seniors Insurance Plan is…
Abu Dhabi's Sorouh launches 'Rent to Own' scheme
29, 2011 Abu Dhabi based developer Sorouh Real Estate, recently announced a new 'Rent to Own' scheme for customers which gives tenants the option of buying their property after 3 years.
Sorouh Real Estate said, ''The offer was the first of its kind in Abu D…
Sachin Tendulkar takes loan to buy flat
Sachin Tendulkar takes loan to buy 528 sq. ft 1BHK in Panvel
Indian cricketer Mr. Sachin Tendulkar buy home for Rs 30 lakh. The area of house is 528 square feet (Carpet area of 467 square feet and 61 square feet terrace-balcony.) . It is at Bandra’s Perry Cross Road.
The bu…
TN Chamber of Commerce Plea to refix property tax in Madurai
The Tamil Nadu Chamber of Commerce and Industry has sought a review and refixation of property tax in Madurai Corporation according to the guidelines issued by the Tamil Nadu Government.
A delegation from the Chamber led by its president, Mr. N Jegatheesan, with senior pre…
India eyes record 7,300 kms of road network expansion, worth nearly $12 billion
India eyes record 7,300 kms of road network expansion, worth nearly $12 billion
June 28, 2011
India will award a record 7,300 kms of road building contracts current year (2011) worth nearly $12 billion.
According to a top official of NHAI ( National Highways Authority…
Inidan Realty stocks lose Rs 35,300 cr in last 18 months
The market capitalisation of indian realty stock has eroded by Rs 35,305 crore in the last 18 months. The full market capitalisation of BSE Realty index declined to Rs 75,128 crore on july 23 (2011) from Rs 1.10 lakh crore on December 31, 2010.
The CNX realty index consi…
Reserve Bank warns banks on real estate valuation frauds
Reserve Bank of India (RBI) has asked all banks to submit an action-taken report on by inflated valuations of real estate properties for the purpose of home loans.
The matter was raised recently by RBI Governor D Subbarao during a meeting of the BFS ( Board for Financial Su…
SEBI asks Sahara group to refund Rs 4,843 cr to investors
Securities and Exchange Board of India (SEBI) asks Sahara group to refund Rs 4,843 Cr to investors, is subject to Supreme Court clearance. The order will, however, take effect only after it is considered by the Supreme Court. On May 12, the Supreme Court had asked Sebi to &…
