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Property developers and consultants have come up with mixed reactions to Morgan Stanley Real Estate announcing an investment of Rs 675 crore (around $152 million) in Oberoi Constructions, the biggest FDI in a real estate company in India till date. According to Joy Sanyal, vice president-urban development, TrammellCrow Meghraj, “The ...

 MUMBAI: In the single largest FDI in the country's booming real estate sector, Morgan Stanley has invested $152 million (Rs 675 crore) in a city-based firm, Oberoi Construction. The world's largest private equity realty fund, which manages $100 billion (one-seventh of India's GDP), will in return get a 10% stake in the ...

All municipalities build drains and sewers. Many run crematoria, hospitals and primary schools too. But, globally, nowhere does a civic corporation also operate an intricate electricity supply system with 8,20,000 consumers, a fleet of 3,400 buses carrying 45 lakh passengers every day, Asia’s largest urban water supply network, colleges ...

A single-storey house at 3 Tilak Marg has just been bought for Rs 100 crore, continuing the scorching pace of ultra-expensive real-estate deals in the coveted centre of the Capital. The acquisition was confirmed on Tuesday night by Abhay Oswal, managing director of Oswal Chemicals & Fertilizers Ltd., who acquired the property on behalf of his ...

The next time you go on a property hunt, you can ask your real estate promoter whether the particular plot is capable of being loaded with additional FSI in the future. The promoter is legally bound to give you the answer. In a major relief to flat buyers in Maharashtra, the Supreme Court on Thursday held that real estate promoters must not only ...

The Prime Minister, Dr Manmohan Singh's promise to put in place a more humane policy towards those displaced from lands acquired for new industrial projects is timely. Land acquisition is increasingly becoming controversial with the conflict between the state and those affected by such acquisitions often escalating into a serious law and order ...

Economic Times :NEW DELHI Rajan Sharma bought 4,000 square feet (372 square metres) of office space on the outskirts of India's capital, New Delhi, for Rs 2,900 ($65) a square foot in 2002 and hasn't stopped grinning since. Four years later, the 42-year-old consultant regularly gets offers more than three times the price he ...

Mumbai Mirror.A US university has shown interest in setting up an "American-style University" near Mumbai ahead of a move by the government to allow the entry of foreign varsities to the country. A team from the Washington-based American University will visit Delhi and Mumbai next month to evaluate Indian business group Akruti ...