DLF to develop affordable housing in India
India’s leading real estate company DLF is said to be working on plans to build around 1 lakh houses that would cater to middle class in the country.
These houses would be build in all the major cities of the country and would be priced at around Rs. [...]
Delhi Metro Rail Corporation to repair properties damaged in accident
Delhi Metro Rail Corporation has announced that they would undertake the repair process of the properties damaged in the recent accident at one of the sites of construction.
Delhi Metro Rail Corporation said: “The shops and houses which were damaged have been assessed and an action [...]
North Carolina considering luring Apple to their state
North Carolina is considering giving massive tax breaks to iPod maker Apple if they decide to bring an East Coast computer server farm to the state.
This move would mean an investment of around USD 1 billion for the state of North Carolina.
Apple and the state officials of officially [...]
Unitech cuts its workforce to cut costs
Indian real estate company Unitech has announced that they have reduced their workforce by around 10%.
The company is facing a serious cash crunch and these cost cutting measures are aimed at reducing the expenditure in the coming months.
Unitech is also not filling up any existing vacancy.
Unitech Chairman Ramesh [...]
DLF slowing down on projects
India’s dominating real estate company DLF has confirmed that they have slowed down their projects as the market conditions are worsening.
The company chairman K. P. Singh confirmed that the demand in the market is low and there are no takers for properties even at reduced prices.
He said: “Demand has gone down [...]
DLF Mall of India project on hold?
Market reports are claiming that Indian real estate industry giant DLF has slowed down the production of their largest mall project yet ‘Mall of India’.
This mall project is being constructed in the city of Gurgaon.
Experts believe this is due to falling of rentals in the region and cash [...]
Lehman Brothers and Deutsche Bank to invest in Unitech
Market sources say that Lehman Brothers and Deutsche Bank are all set to announce that they are investing close to around $500 million in the real estate developer Unitech.
The two private equity players are said to be in talks with the India’s second-most valued real estate developer [...]
Reliance Trends now open in Gurgaon
Reliance Retail has opened their Reliance Trends store in Ambi mall in Gurgaon. This new store is offering some of the best (100+) Indian and International brands.
The store has around 30,000 square feet of shopping area. The company stated that the store compliments the evolving tastes and preference [...]
DLF enters BSE Sensex replacing Dr Reddy’s
India’s largest realty firm DLF is all set to enter the BSE Sensex benchmark index from next month.
They would be replacing Dr Reddy’s on the Sensex. Bombay Stock Exchange confirmed this in a report stating that the change would come into effect from November 19.
They also announced their decision [...]
Unitech latest to announce mobile industry plans
It’s surprising to see real estate companies announcing their plans to enter the Indian telecom market.
The latest player to reveal their plans is the real estate developer Unitech Ltd. The company has now announced their plans to apply for licenses to provide telecom services across the country.
Unitech said [...]
