India Real Estate Stocks Affected As Bribery Case Widens

Published: November 27, 2010

India’s top crime investigation agency issued notices to a total of 21 companies as it intensified its probe into a bribes-for-loans racket but ruled out that this is a case of corporate fraud, an agency official said Friday.
“It is not a fraud case…it is primarily a case of bribery and corruption,” said Balwinder Singh, special [...]

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Indian Bankers Arrested in Bribery Case

Published: November 26, 2010

Indian authorities Wednesday arrested several senior bankers, alleging they took huge bribes to issue corporate loans, the latest in a series of corruption scandals that have rattled the country in recent weeks.
The Central Bureau of Investigation, a crime-investigation agency, arrested eight people: four senior bankers at state-controlled lenders, three from a financial services firm, and [...]

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Zamanzar.com hits 4 lakh active listings milestone

Published: November 24, 2010

Zamanzar.com, among the top 10 Indian real estate portals according to Alexa traffic rank, just reached 400,000 active property listings online just before turning 3 years old on November 8th, 2010. The portal is seeing tremendous year on year growth in all real estate sectors - residential, commercial, sale, and rental.  Monthly online visitors and [...]

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Real Estate Firm Jaypee Greens Announces Launch of “Kassia” at Noida

Published: November 18, 2010

Real estate firm Jaypee Greens has announced the launch of ‘Kassia’, the personal suites at Jaypee Greens, Sports City near Greater Noida. The Kassia suites are available in 1-4 bedroom options and will showcase tropical lifestyle with innovative architecture and landscaping. The Kassia suites will feature a unique architectural design that helps to maintain privacy, [...]

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Property Price Correction Expected in Mumbai and Delhi

Published: November 9, 2010

Property prices in Mumbai and New Delhi are set to decline by almost 15 to 20 per cent in the next couple of months, according to an Indian real estate consultancy.
“A correction is likely to happen in Mumbai and New Delhi property prices. We believe the fall could be in the range of 15 to [...]

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PBEL to Develop Housing-cum-Commercial Township Project in Chennai

Published: November 2, 2010

PBEL Property Development (India) Ltd on Wednesday outlined plans to develop an integrated housing-cum-commercial township project in Chennai along Old Mahabalipuram Road. PBEL is a venture between Property and Building Corporation Ltd (PBC), a subsidiary of Israeli conglomerate IBD group, Electra Real Estate Ltd, a subsidiary of Elco Holdings Israel, and Hyderabad-based Incor, with the [...]

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