Monthly Archives: October 2012

On 31 October 2012, the Chairman and Managing Director, Supertech RK Arora announced that Supertech Supernova will be done in collaboration with Leela hospitality chain.   Supernova is a mixed used development project which is situated at Sector 94, NOIDA. …

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On 30 October 2012, with an attempt to combat inflation, the Reserve Bank of India kept the key interest rates unchanged but reduced the cash reserve ratio from 4.75 per cent to 4.25 per cent. However there was no cut …

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Jones Lang La-Salle (JLL) India, an ace property consultancy recently set up JLL Segregated Funds Group which aims to raise funds to invest in the Indian realty market. It is about to raise fund worth INR300 crores soon. The proposed …

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At the fifth GIREM (Global Initiative for Restructuring Environment and Management) Leadership Awards which took place at New Delhi, Tata Housing got recognizes as Company of the Year. It also won awards for the Shubh Griha project as the Best …

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As per a court order, Mumbai based Ozo Media Estate Property has been barred from selling property located at Shah Industrial Estate, Veera Desai Road in Andheri (West), Mumbai.   This development took place after as many as 17 FIR …

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As per a report by real estate consultancy Cushman and Wakefield, there has been a decrease of around 15 percent in private equity investments in the first three quarters of 2012, when compared to the first three quarters of 2011. …

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This season some prominent pre-launches have got good business to the real estate market in Mumbai. For instance, as many as 400 bookings have been confirmed last month for a project which bought two developers L&T and Omkar together in …

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A Social Audit Local Team or SALT is to comprise of a group of five to six volunteers to actively participate and monitor the development work of Brihanmumbai Municipal Corporation (BMC) via a software programme. They can scrutinize work orders …

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Mahindra Lifespaces of the Mahindra Group has made a land deal worth INR205 crores with Nycomed Phama Pvt. Ltd. A formal agreement is to be signed between the two in the coming weeks.   The plot in question currently has …

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In an interesting case, a petition regarding abuse of dominant position by a private developer, namely Dwarkadhir Projects, was dismissed by the Competition Commission of India (CCI). The cause of dismissal was that the developer in question did not share …

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