News & Updates

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Udyog Vihar land deal: Experts eye it as a one-shot case not a signal of real estate revival

Gurgaon: The purchase of 11 acre prime land by the real estate giant DLF Limited through its subsidiary company shows the massive potential commercial value of the Udyog Vihar area. However, the real estate experts feel the deal does not signal immediate revival for the real estate market. The National Real Estate Development Council (Nardeco), a group of real estate developers, is evaluating the deal. Praveen Jain, vice-chairman Nardeco, said, “I believe this auction has happened at higher than the market rate at around Rs 127 crore per acre. I cannot comment if it is good or bad but if a real estate company buys a land at higher price, it will definitely try to derive maximum benefit from it. Nardeco is evaluating the deal.”

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Mumbai has world's highest-paid expats: Survey

ndia's financial capital Mumbai is home to the world's highest-earning expatriates, according to a survey by HSBC. Foreigners moving to Mumbai reported average yearly earnings of ₹1.4 crore...

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Sumitomo, Krishna Group form JV to develop mega realty projects across India

NEW DELHI: Japanese conglomerate Sumitomo Corporation has formed a joint venture with Indian auto components major Krishna Group to develop real estate projects across India. With this, the $40-billion company is foraying into Indian real estate sector...