Thursday, Nov 20: US based INC Developers has entered the heavily
slowed Indian real estate market with a super luxurious apartments
scheme worth Rs 100 crore, which it would jointly develop in Pune
with Amar builders over next 24 months. The super luxurious apartments
with 6,500 square foot size each, would be priced between Rs 5 crore
and Rs 6 crore.
Monday, Nov 17: Well, the outcome of the much hyped G-20 summit over
the weekend was a bit of a damp squib. Leaders of the world's leading
nations (advanced and emerging) failed to announce any major breakthrough
initiatives, except for a symbolic appeal for a coordinated global
action to tide over the unprecedented crisis.
Thursday, Nov 13: Both Unitech and HDFC admitted the property was
on the block, but refused to confirm the deal. "I cannot confirm till
we sign a deal," Unitech chairman Ramesh Chandra said.
Tuesday, Nov 11: International hotel chains have tied up with real
estate developers like DLF, Emaar MGF, Unitech and Parsvanath to set
up five-star hotels. However, fund-starved developers, who are trying
to raise money for their core activities like residential and commercial
property projects, are understood to have put the hotel ventures on
the back burner.
Monday, Nov 10: NRIs/PIOs can acquire residencial property in India;
however
a PIO who is a citizen of Pakistan, China or Bangladesh has restrictions
in acquiring property. Also, NRIs and PIO cannot buy agricultural
land,
plantation property and farm house.
Friday, Nov 7: Castlewood Investment Properties, one of the largest
real estate developers in Europe and the US, has joined hands with
Home Place International and their exclusive Indian associate, Company
Land Solutions (India), for their India foray.
Friday, Nov 7: The government has proposed extensive changes in the
guidelines for foreign direct investment (FDI) that could impact a
range of industries such as telecom, infrastructure, real estate and
broadcasting.
Wednesday, Nov 5: Foreign direct investment (FDI) in India increased
259 percent in September to $2.56 billion, compared to the same month
last year, wit h Mauritius being the largest investor
