Sobha Developers has announced the completion of its luxury residential project ‘Sobha Emerald',a super luxury villa project in Coimbatore. The Sobha Emerald project was launched in 2008, January. It is Sobha Developers' first successful project in Tamil Nadu. It lo…
Marg ProperTies launches Kalpa Vriksha,Chennai
MARG ProperTies has launched Kalpa Vriksha under Urban Smart Homes. The residential project is located in Karapakkam, Chennai OMR and adjacent to MARG Junction Mall, South Chennai's biggest retail opportunity for business, leisure and entertainment at the IT corridor. Ka…
China's property market slowing for last 11 months
China’s residential real estate market seem to be working as property prices increased at their slowest pace for 11 months in 2011 July after the government expanded efforts to curb the risk of an asset bubble. According to China’s biggest real state website owner SouFun Hol…
DLF Q1 down to Rs 358 crore
India's largest real estate company DLF,, has reported a 12.81% down in its consolidated net profit at Rs 358 crore for the first quarter ended June 30, 2011. DLF had posted a net profit of Rs 411.03 crore in the corresponding period last year. The consolidated sales du…
India's Cement sales surge in 2011 July rural demand rise
In India it was a 2011 July surprise for cement companies as they managed to register a growth in dispatches despite revival of monsoon in most parts of the country. The higher sales were mainly due to growing demand in the rural areas. The revival in cement demand in July w…
SEBI to regulate Indian real estate funds
SEBI ( Securities & Exchange Board of India) proposes to regulate fund pools, such as real estate funds, to reduce fraud and risk to public markets. However, the move may not be received well by the industry which has had a free run for more than a decade. The Indian reg…
CIBIL Report: Get your personal credit Score
The Credit Information Bureau (India) Ltd., popularly known as CIBIL has acceded to public to have direct access to their personal credit score. CIBIL is a storage house of credit information of individuals. It collects credit information of consumers its members like bank…
Tamilnadu Construction materials prices up, home buyers down
In Tamilnadu prices of many of the many construction materials have increased manifold in the last one year. So, Builders feel that their hands are tied. One year ago, bricks cost for 3,000 Rs. 18,000 against Rs. 10,000. The Same period steel prices have crossed Rs. 45,00…
Black money deals in Indian realty Sector: Now under CIB , IT scanner
Real estate deals above a huge amout in metros like Mumbai, Delhi, Chennai will be tracked by the IT (Income Tax) department, in its bid to intensify vigil over unaccounted black money floating in the system. The crackdown by the department will not only cover real estate f…
India 6 Crore sq. ft of office space is likely vacant in 2011
In India about 6 Crore sq. ft of office space is likely to remain vacant current 2011 across the country as fresh supply enters the market, according to a recent report by property consultant In the JLL (Jones Lang LaSalle) report
In Mumbai alone, around 8 crore sq. ft of …
