IIFL's PE arm to enter realty with Rs 500-cr fund
Wed, Jan 25 2012

The PE arm of the India Infoline Group will soon take foray in realty market and will raise Rs 500 Cr for investing in real estate. The fund, which has raised the money from high net worth individuals, will focus on investing in residential properties in top cities.

RBI cuts CRR by 50 bps, key rates unchanged
Tue, Jan 24 2012

The country's apex bank has trimmed down the Cash Reserve Ratio (CRR) by 50 bps in its quarterly monetary policy review on Tuesday. The move by RBI is likely to give relief to home loan buyers marginally. However, RBI decided to keep Repo Rate and Reverse Repo Rate unchanged.

Construction sector to see squeeze in order flow: Fitch
Mon, Jan 23 2012

The global rating agency Fitch has warned that Indian construction sector may continue to witness further squeeze in order inflow in 2012 as corporate defer capex plan due to higher interest rates and slow economic growth.

High-tech townships being promoted as dream destinations by builders
Sat, Jan 21 2012

Just after getting the clearance from government, the construction of two high-tech cities (over 2,500-4,500 acres) will take place near Ghaziabad and Greater Noida, within the NCR. With facilities like schools, playgrounds, a golf course, hospitals, internal roads, shopping centres, malls, etc, under one roof, these projects have caught the attention of homebuyers.

DLF to sell convention centre project, wind power business for Rs 1800 crore
Fri, Jan 20 2012

The premier realty developer of India has decided to sell off a convention centre project in Delhi and its wind power business early next fiscal. DLF is expecting realization of about Rs. 1800Cr from the deal.

Sobha Developers launches Rs 400 crore projects in Chennai
Thu, Jan 19 2012

Bangalore-based realty company Sobha Developers Ltd. has decided to invest into Chennai residential market by launching two ventures with a combined project size of over Rs 400 crore. The investment will take place in Sobha Merrita and Sobha Serene at Kelambakkam and Porur on the city outskirts respectively.