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RLDA Makes 4th Attempt to Sell Prime Land at Commercial Hub in Mumbai

A parcel of land close to the Bandra-Kurla commercial hub in Mumbai has been put up for sale again by the Railway Land Development Authority (RLDA). The reserve price of the 45,371-square-metre plot was last pegged at Rs 3,960 crore. This is the fourth…

[ More ] January 29th, 2010 | No Comments | Posted in Real Estate |

Mumbai Based Real Estate Company DB Realty Ropes in Anchor Investors for Rs270crore

Mumbai-based real estate company DB Realty Limited, has received bids for Rs. 270 crore towards the Anchor Investor Portion of its IPO which opened today. The anchor investors to whom equity shares have been allocated pursuant to the Offer include Janu…

[ More ] January 29th, 2010 | No Comments | Posted in Real Estate |
 

Home Prices Bounce Back to 2007-2008 Level

Apartment prices at Planet Godrej, a premium residential property developed by Godrej Properties in the tony Mahalaxmi area of Mumbai, had come down to as low as Rs 17,000 to Rs 18,000 a sq ft in the property market slowdown last year. The flats now se…

[ More ] January 22nd, 2010 | No Comments | Posted in Real Estate |

Builders Eye Govt’s 1,000 km Expressway Projects to be Awarded by Dec

The government today said it will award four expressway projects, stretching up to 1,000 km, by the end of the year. The Transport Ministry had in November 2006 proposed four Expresways–the Vadodara-Mumbai, Bangalore-Chennai, New Delhi-Meerut and Kol…

[ More ] January 20th, 2010 | No Comments | Posted in Real Estate |
 

Thailand Hospitality Major to Set up Seven Four Star Hotels in India

The Thailand-based hospitality major, Amari, plans to foray into the Indian market by setting up atleast seven four-star hotels near major airports in the country, a top company official said. “We plan to open four-star hotels associated to airports …

[ More ] January 14th, 2010 | No Comments | Posted in Real Estate |