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DLF, Nitesh Estates and HDFC Realty are amongst the bidders reportedly in the fray to acquire NRI tycoon C Sivasankaran’s Beacon House, located off the upmarket Cenotaph Road in the heart of Chennai. The 3-acre property, a former residence of UB Chairman Vijay Mallya when he controlled Best & Crompton (B&C), may fetch as high as Rs ...

If you want to buy an insurance policy, you have to purchase the policy from an insurance agent recognised by the Insurance Regulatory Development Authority. If you want to invest in fixed deposits, you have to follow RBI guidelines. If one wants to invest in shares then there are SEBI guidelines for regulation. However, when a person is on the ...

India has a housing shortfall of 26 million units with the bulk of demand coming mostly from non-resident Indians (NRIs), making it a rich property market for developers to tap, a Citibank official yesterday said. Mumbai-based Ashish Mehrotra, business head and vice-president for mortgages at Citibank India, said the Indian property market has ...

Sales centres and advertising are the most important factors influencing one's decision to buy a property, according to a study released by FutureBrand, a global brand consultancy firm. It said that sales environments have posted a 25 per cent rating in terms of importance in attracting potential buyers. Advertising received a 21 per cent ...

The uncertainty in the prices of property has made real estate companies to integrate into telecom. Developers want to tap the opportunities as telecom offers more revenue stability. Developers are lining up in droves to offer telecom services-or, more specifically, they are lining up to pick up licenses to do so. All the real estate biggies ...

According to the study conducted by HUDCO-IIM Ahmedabad every rupee invested in the real estate sector adds 78 paisa to the state's GDP. The sector will grow from $12 billion in 2005 to $90 billion in 2015. And majority of the growth is expected to come from the housing market. Although the average age for ownership is 32 years now as compared ...

Mumbai, India, July 04, 2007 - Indiabulls Real Estate Ltd (IBREL) has aanounced that IBREL priced its US$ 360 million GDRs offering on the Luxembourg Stock Exchange at US$ 10.32 per GDR. Each GDR represents one equity share of the Company of nominal value Rs 2 each. The book closed on July 03, 2007 and the issue was priced after market ...

There is no doubt that there are several similarities between India and China in terms of GDP growth, residential property boom, organized retail malls and improving lifestyle.  Both the countries are undergoing large economic expansion and envisage political and technological ambitions.  However, China has been leading in ...