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Mivtach real estate will invest $13 million in Chennai

Indian real estate, property in gaziabad Israeli firm Mivtach Real Estate, a subsidiary of investment company Mivtach Shamir, will invest about $13 million out of the total $30 million in Chennai real estate to construct offices, hotels and commercial centers.

Mivtach Shamir Holdings Ltd. is an Israel-based investment company. Mivtach Shamir invests in industry, technology, communications and real estate companies, including Tnuva, Tefron, Solbar and Gilat. Several weeks ago, the company completed a private offering of a series of non-negotiable bonds at NIS 263.8 million (about $64.43 million) to institutional investors.

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Date: 07 November 2007, Wednesday

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Delhi beats Maximum City in ‘best place to live in’ race

real estate in India, buy property in India Riding on its high quality of life, transportation infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside, according to a report by Ernst & Young.

The report, which took into consideration 57 parameters before arriving at the conclusion, said between Delhi and Greater Mumbai, the former takes the lead on city prosperity index due to its lower population and hence higher per capita income. The national capital also indicates greater propensity to save earnings and lower credit growth.

The constancy firm’...

Date: 07 November 2007, Wednesday

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Govt. to set up real estate regulator in Delhi

Indian real estate

The Union Government will set up a regulator to address builder-consumer complaints in Delhi in six months, the Union Urban Development Minister, Mr Jaipal Reddy, said here on Thursday.

Addressing the inaugural session of an international real estate conference summit, organized by the Federation of Indian Chambers of Commerce and Industry, he said it would be a quasi-judicial authority and would be headed by an eminent personality.

The regulator would take up complaints such as “cheating”. “Small consumers need protection and builders clear titles...

Date: 07 November 2007, Wednesday

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Govt. to set up real estate regulator in Delhi

The Union Government will set up a regulator to address builder-consumer complaints in Delhi in six months, the Union Urban Development Minister, Mr Jaipal Reddy, said here on Thursday.

Addressing the inaugural session of an international real estate conference summit, organized by the Federation of Indian Chambers of Commerce and Industry, he said it would be a quasi-judicial authority and would be headed by an eminent personality.

The regulator would take up complaints such as “cheating”. “Small consumers need protection and builders clear titles,” he said. “The regulator would be set up with the backing of a model legislation,” the minister said.
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Date: 07 November 2007, Wednesday

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Latest Entries

Mivtach real estate will invest $13 million in Chennai
Delhi beats Maximum City in ‘best place to live in’ race
Govt. to set up real estate regulator in Delhi
Govt. to set up real estate regulator in Delhi