Hurt by the recession fears, Parsvnath Developers, one of the leading real estate company has revealed that it would sack under-performing employees as part of its cost cutting measures that would begin in the next 15-20 days. 

The company however, did not specify the number of people who will be retrenched. The company currently employs 1,400 people and about 30,000 people are indirectly employed.

Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.

With the acquisition of shares, DSK Global Education & Research will become a subsidiary of the company.

D.S. Kulkarni Developers Limited engages in the civil construction and real estate development primarily in India. It operates principally in Pune and Mumbai cities of Maharashtra state.

Washington - US sales of existing homes climbed 5.5 per cent in September to the highest level in a year as ongoing price declines have apparently begun peaking the interest of buyers, according to new data released Friday.

The National Association of Realtors (NAR) said home resales stood at 5.18 million in September, up from 4.91 million in August and 5.11 million a year earlier. The average price of homes dropped 9 per cent from September 2007.

Real estate developer—CHD Developers has formally announced the launch of its much anticipated project, the Silver County, an integral part of CHD Developers’ Rs 1000 crore mega project, CHD City at Karnal.

According to the company, Silver County will feature 200 expandable stand-alone villas with excellent facilities and amazing conveniences to be constructed with an investment outlay of Rs 75 crore.
 

(PDL), India’s leading real estate company, has informed that it would build a five-star hotel comprising
152 rooms in Ahmedabad.

Parsvnath Hotels, a subsidiary of Parsvnath Developers, has undertaken construction of hotel at Vejalpur, Ahmedabad, which has received five-star category approval from the Ministry of Tourism. The project is located just 14 kms away from the airport and mere 9 kms away from the railway station.

Ansal Housing & Construction, a leading real estate developer has launched its new residential project ‘Ansal town’ in Alwar, Rajasthan.