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.

Real estate major Brigade Enterprises, has informed that the company has opened its first worldwide office in Dubai.

The source close to the company revealed that the office is located at Atrium Centre, Bank Street, Bur Dubai.

While commenting on the occasion, Mr. M R Jaishankar, CMD, Brigade Enterprises stated, “Indian real estate sector has seen phenomenal growth and there are Indians abroad who are looking at buying property in India for themselves and also as an investment option. As a first step to reach out to these customers, we have opened our office in Dubai.”