Sobha Developers launches Rs 400 crore projects in Chennai
Bangalore-headquartered Sobha Developers today announced its foray into Chennai residential market by launching two ventures with a combined project size of over Rs 400 crore. Company Managing Director J C Sharma announced the launch of Sobha Merrita and Sobha Serene at Kelambakkam and Porur on the city outskirts respectively. This was the second residential project [...]
Office space absorption in 2011 up 8% over 2010
Even with a slowing economy and global uncertainty, the total absorption of commercial office space in India has increased by 8% in 2011 to reach 35.5 million sq ft, says real estate consultant Cushman & Wakefield. The total addition of new space though has declined by 20% in the year, which has helped to reduce [...]
MagicBricks.com presents Virtual Property Expo for NRIs
For the First time ever, MagicBricks.com, a leading real estate portal, is putting up a virtual property fair from November 28 to December 18, 2011, at IndiaCalling.MagicBricks.com. The virtual property expo has been organised for NRIs residing in the USA. At the India Calling – Virtual Property Expo, users can browse through the many projects [...]
Uproar in Parliament over Govt’s Decision to allow FDI in Retail
The Lok Sabha and the Rajya Sabha were adjourned till noon, minutes after the two Houses gathered on Monday, as a united opposition created uproar over government’s decision to allow FDI in retail. The opposition members were up on their feet shouting slogans against the government. In Lok Sabha, plea for calm by Speaker Meira [...]
