NEW DELHI: Real Estate Developer Damac Properties announced on Monday that it has tied up with 60 agents in the country across metros and Tier I cities to market and sell their regional properties to the Indian investors.
“We are proud to have signed on 60 agents in India. As demand is high, we wanted to [...]
By manish
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Posted in Property Events, Property News
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Tagged , Agents, Damac, Damac Properties, Delhi Real Estate, Indian Investors, Metros, New Delhi, Ocean Heights, Real Estate Developer, Riddoch, Saudi Arabia
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Real Estate Opportunities Ltd (REO.L) reported profit before tax for fiscal 2007 compared to pre-tax loss last year, mainly on higher interest receivable and similar income.
For fiscal 2007, the company reported that it swung to pre-tax profit of £25.59 million from year ago loss of £20.45 million, largely helped a jump in interest receivables and [...]
The Board of directors of Sayaji Hotels Ltd has approved to invest Rs. 20 crores for the project of budget hotel At Indore. It will be a 175 room’s mid segment budget hotel.
This 175 room Hotel will be operational from 2010 and will be developed and operated under the wholly owned Subsidiary Company named as [...]
Yatra Capital has invested nearly Rs 175 crore in Bengaluru-based property developments. It is Euronext listed real estate investment company. Yatra Capital has invested Rs 111.62 crore in Palladium Constructions for 30 percent stake. Palladium Constructions will develop a complex which will have both residential and retail buildings. It will develop a 1.9 million square.feet [...]
Pacific Star, a Singapore-based Asian Real Estate Investment house, says it is raising $2 billion for its new Asia Fund Select Concept Fund. The fund will be the first of its kind in real estate investment, being open-ended and targeted at institutional global investors.
By manish
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Posted in Property News
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Tagged Asia Fund, Asia Markets, Asian Markets, Beijing, Economic Fundamentals, Estate Projects, Global Investors, Institutional Investors, Jakarta Office, Japan Korea, Pacific Star, Real Estate Investment, Southeast Asia.
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According to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) India is one of the most preferred property market among foreign investors globally.
This report is from January/February 2008 (AFIRE) news letter. India is preferred by 16.7 per cent of the respondents favoring the country as the most fancied place for [...]
By manish
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Posted in Property News
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Tagged Association Of Foreign Investors In Real Estate, China, Crores, Estate Projects, Foreign Investors, Global Investor, India, Investment Banks, January February, Jp Morgan, Perceptions, Real Estate Investments, Real Estate Market
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March 28 –DLF Ltd, India’s biggest developer, will spend $5 billion in the next seven years to build about 125 hotels in the world’s fastest-growing tourist destination.
In Delhi Rajiv Singh vice chairman of DLF Ltd. said in an interview that DLF plans to build 25,000 rooms including 4,000 in the first three years.
Spending and investment [...]
By manish
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Posted in Property News
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Tagged , Dlf, Dlf Ltd India, Hilton Hotels Corp, Hogg Robinson Group, Hotel In New Delhi, India Asia, Luxury Hotels, Rajiv Singh, Resorts Group, Star Luxury Rooms
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To fulfill a dream to own a beach-side home in Goa has just become costlier. In the budget for 2008-09, the state government has increased stamp duty on property from the average 2 percent to varying rates depending on the value of the property.
Bids have been invited by the Noida Authority To set up nine hotels nears the Taj -Agra expressway. The authority has a plan to set up three 5-star, four 3-star, and two 4-star hotels in this project.
This bid is going to open on April 24 with a reserve price fixed by the authority of 77,000 [...]
March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment [...]
By Rajani
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Posted in Property News
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Tagged Delhi, Lodha Developers, Luxury Home, Marvell Realtors, Mumbai, Nitesh Estates, Omaxe, Real Estate Developers, Royal Palms, sobha developers, Unitech
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Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just [...]
By Rajani
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Posted in Property News
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Tagged , Bpo, Delhi, Dlf, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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Chief Minister of Goa, Mr. Digamber Kamat said that his government is seriously considering regulating the sale of property to foreign nationals in the state. The Goa government is working out on a bill to tense up the control on sale of land to foreigners. On this issue, Mr. Kamat said, “It’s not yet a [...]
March 14, 2008 – 12:37 am
Vishal Retail is planning to enter real estate sector. Confirming this development Manmohan Aggarwal, CEO, Corporate Affairs, Vishal Retail told Business Standard that the new venture would be launched either in the second half of the current year or early next year.
He revealed that company is also planning to acquire 1 crore sq ft area [...]
European real estate giant Yoo by Starck expands into Indian real estate market, designing their first project for India, which will be developed by Panchshil Realty. The proposed condominium project will locate in Pune, which is on a few hours drive from Mumbai, India’s commercial and financial capital. In India, luxury projects are high on [...]
The government today issued guiding principle on big-ticket transforms to the foreign direct investment (FDI) norms that were decided by the Union Cabinet on January 30.
It, however, remained quiet on clarifying a change in rules for FDI in real estate, maybe due to fear of larger capital inflows.
The move to delink the FDI provisions from [...]
March 12, 2008 – 12:21 am
Delhi-based Business Parks and Town Planners (BPTP) bagged a 95-acre commercial plot at Sector 94 in Noida for incredible Rs 5006 crore from the Noida authority. It is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
New Delhi, Mar 10, 2008. When finance minister Mr. P Chidambaram has decided for decreasing home loan rates for the loan of less than Rs. twenty lakhs, many other sectors facing the heat of rising interest rates.
March 10, 2008 – 10:51 am
Eyeing the “explosive” realty market in India, the Harvard Business School (HBS) is set to offer a short duration certificate programme to top executives of real estate industry - but at a stiff fee of Rs.297,000 ($7,310). The Ivy League university will offer the four-day-long programme at Hyderabad Convention Centre beginning June 17.
Margao, March 7 The Associated Chambers of Commerce and Industry of India requested the State government to reconsider its decision on Special Economic Zones and advocated creation of at least of three SEZs, in Goa.
Three SEZs in bio and nano-technology, food processing and solar energy will help Goa attract investments up to Rs 50,000 crore [...]
Delhi-based real estate developer Omaxe has postponed its plan to raise Rs 1,500 crore through private placement until a favourable time.
This follows Unitech’s decision to put on hold $1.5-billion qualified institutional placement (QIP), and Emaar MGF’s initial public offer (IPO), which was withdrawn midway. Industry insiders say the delay in fund-raising plans is unlikely to [...]
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