August 2016

DLF could look at tweaking residential business model post notification of RERA rules

NEW DELHI: Real estate firm DLF is waiting for the final rules under the real estate regulatory act to be notified to see how it can tweak its business model going forward, said Saurabh Chawla, senior executive director (finance) at DLF during a call with analysts. "We will have to see if we should run our residential business like our commercial business where we construct before we sell," he said. "We...

DELHI NCR M3M Group launches ‘M3M Urbana Premium’

M3M, India’s fastest growing Real Estate Group, launched its ‘M3M Urbana Premium’ project, developed on area earmarked from the land ad-measuring 6.88 hectares (17 Acres) comprising of commercial complex M3M Urbana, M3M Urbana Business Park and M3M Urbana Premium and shall be integralpart ofthe commercial complex, located at Sector-67, Golf Course Extension Road (or Southern Periphery Road SPR)...

Realtyfact.com to host ‘Online Verified Property Expo 2016’

Realtyfact.com, a one stop hub for real estate news, recently announced the ‘Online Verified Property Show 2016′, to be held on Oct 7 .’ Online Verified Property Expo 2016′ is a research backed online property exhibition that invites verified property developers as well as over 500000 potential investors to come together on a common platform in order to build trust and...

M3M Group launches ‘M3M Urbana Premium’

M3M,India’s fastest growing Real Estate Group, launched its ‘M3M Urbana Premium’ project, developed on area earmarked from the land ad-measuring 6.88 hectares (17 Acres) comprising of commercial complex M3M Urbana, M3M Urbana Business Park and M3M Urbana Premium and shall be integralpart ofthe commercial complex, located at Sector-67, Golf Course Extension Road (or Southern Periphery Road SPR) with...

Cabinet approves redevelopment of 7 housing colonies in Delhi

To ease the problem of shortage of government accomodation in the national capital, government on Tuesday decided to rebuild seven housing colonies to double the existing housing units from 12,970 units to 25,667 at a total cost of Rs 32,835 crores.The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies in...

DLF’s rental arm stake sale by Sep, may fetch Rs 12,000 crore

Realty major DLF’s promoters are likely to sell 40 per cent stake in its rental arm by September, a deal estimated to fetch around Rs 12,000 crore.According to sources, three global institutional investors — Blackstone, GIC and Abu Dhabi Investment Authority — have been shortlisted as buyers in DLF Cyber City Developers Ltd (DCCDL). Due diligence process is on and the agreement is likely to be signed...

Real Estate growth pegged at 180 billion dollars by 2020

CII holds 12th edition of Realty 2016 at New Delhi, on regulation and Finance: Paving the way for sustainable real estate development in India ‘Paving the way for sustainable real estate development in India’ formed the theme of deliberations of the 12th annual conference on the real estate sector organised by Confederation of Indian Industry (CII) at New Delhi, today. An esteemed panel...

DLF, Blackstone restructure shareholding in five land parcels

Realty major DLF on Wednesday announced restructuring of its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that had invested Rs 1,481 crore in seven housing projects in 2007.In 2007, DLF had diluted 49 per cent stake in seven residential projects located in Chennai, Bengaluru, Kochi and Indore to a Merrill Lynch & Co entity Ridgewood Holdings, now managed by...

Extra realty space on Metro routes in Gurgaon gets nod

The district planning committee on Monday approved a long-pending transit oriented development (TOD) policy. With this, the administrators hope to resolve one of Gurgaon’s biggest problems – traffic snarls – by increasing floor area ratio (FAR) along transit corridors. The move is also likely to boost the sluggish real estate market and raise much-needed funds for the development of Gurgaon’s mass...

Realty Fact Worlds Best Realty Brands Awards Held on New Delhi

The Realty Fact Awards (Asia Pacific 2016),held at New Delhi, was a glittering event that witnessed the best of the real estate fraternity coming together on a single platform. The evening had a fitting finale with the Realty Fact Awards (Asia Pacific)rewarding the best in real estate sector.The process of choosing winners began with inviting entries.The response was overwhelming, with entries pouring...

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