Tallest Residential Tower of the World to be Completed by December 2011

Indian real estate majors, DLF and Unitech, are set to miss their FY11 guidance, despite prices reaching the highs of 2007. Mid cap names like HDIL, Ackruti City and Sobha Developers are however on track to meet their targets. At the end of quarter three itself, DLF will be missing its FY11 target....
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Mantri Developer Announces New Residential Project in Chennnai

After the success of its first residential project in Chennai - Mantri Synergy, Mantri Developers announced the launch of their new project named Mantri Navaratna. Located at Chromepet, Mantri Navaratna comprises nine...
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Buyers Concerned as Builders Fail to Deliver Projects on Time

Delhi-based exporter Raj Kumar Jain bought a Rs 2-crore apartment in Unitech's Grande project in Noida way back in 2007. He was told he would get possession...
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Bharti Realty Looking to Acquire Land in Suburban Mumbai for rs 190 Crore

Bharti Realty may be looking to acquire a land parcel in suburban Mumbai for around Rs 190 crore. The company is likely to purchase this land from Cabot India, erstwhile company United Carbon. It is a 27-acre parcel in Thane-Belapur road. It's just a little bit off Thane-Belapur road, almost into...
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Govt Likely to Permit FDI in Multi-Brand Retail in Six Metros

The government is likely to permit foreign direct investment (FDI) in multi-brand retailing only in the six big metros. The emerging consensus in the government is that the recommendation of the Department of Commerce & Industry to allow such stores in cities with over one million population....
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Fund Hit Realtors Selling Land Banks to Complete Projects

Sluggish sales, poor performance of the stock on the bourses and difficulty in raising money from banks and private equity (PE) players are forcing many real estate developers to turn to sell their land banks to raise funds to complete their...
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