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  • Date: 19-09-2009

    Relief for Hotel Industry

    India credit-starved hotel industry can now afford to heave a sigh of relief. In a move that promises to make credit easily available to the sector, the Union tourism ministry has permitted the hotel industry to go in for external commercial borrowings up to $100 million during the current financial year.

  • Date: 19-09-2009

    Govt Working on Real Estate Regulator for Housing Sector

    The central government is working on a model real estate regulation bill to provide guidelines to facilitate growth and promotion of healthy and transparent, efficient and competitive real estate sector in the country, said the housing and urban poverty alleviation minister Kumari Selja.

  • Date: 19-09-2009

    Textile Major Raymond Plans Entry into Real Estate

    Addressing a press conference, the company CMD Gautam Singhania said Raymond would start developing surplus land that it has. Raymond will primarily focus on the residential business, Singhania said, adding that the realty projects would be funded via the company internal accruals.

  • Date: 19-09-2009

    Investors Scripting Real Estate Recovery

    These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in many locations , says Sanjay Dutt, CEO business at Jones Lang LaSalle Meghraj (JLLM). He estimates that a good 40% of the stock sold in the last few months would have gone to investors.