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May 9, 2011

Strong growth predicted for many global commercial real estate markets

Latin America and Asia remain the strongest real estate markets in the world but emerging markets in Europe, particularly Poland, show further improvements, according to the latest Global Commercial Property Survey.

Company News

May 9, 2011

Sahara directed to provide details on OFCD Scheme by SC

Seeking more clarity on the Optionally Fully Convertible Debentures (OFCDs) scheme, the Supreme Court on Monday directed Sahara India Real Estate Corporation Limited (SIRECL) to submit an affidavit containing the format of OFCD scheme and the list of agents working on its behalf.

Company News

May 8, 2011

Supreme Court to hear Sahara plea against SEBI today

The Supreme Court will today, May 9, hear Sahara Group’s petition against the orders of the Allahabad High Court, which directed the company to share with market regulator SEBI details of investors participating in its fund raising exercise.

Company News

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May 8, 2011

PE Analytics plans to launch Real Estate Index

New Delhi-based research firm PE Analytics has drawn up plans to launch Real Estate Price Index in partnership with a leading commodity exchange.

News

May 7, 2011

Guidelines for banks, HFIs on property valuation in a month

The National Housing Bank (NHB) and Indian Banks’ Association (IBA) are jointly preparing the norms, standards and procedures for real estate valuation.

IT/SEZ

May 6, 2011

Alexandria wins bid to build Bangalore’s biotech park

The Karnataka government has announced that Bangalore Helix, the much-awaited biotechnology park, has been awarded to Alexandria Real Estate, the highest bidder.

News

May 6, 2011

ASCC launches $33 million housing project in New Chandigarh

Evader, Inc. subsidiary ASCC has announced to launch a 480-unit integrated group housing project, in New Chandigarh valued at $33 million U.S.

Hospitality

May 6, 2011

Fairmont Raffles lines up India expansion plan

Fairmont Raffles Hotels International (FRHI) has joined the list of global hospitality majors who are upbeat about the India growth story.

Company News

May 6, 2011

KUL launches 1st township designed by buyers

In a first ever realty project based on designs from prospective home buyers in India, Mumbai-Pune developer Kumar Urban development Limited (KUL) today announced the launch of an integrated eco-friendly township in Pune’s IT hub at Hinjewadi.

News