October 3, 2009 – 5:31 pm
UK-based investment group Duet’s Indian hospitality arm Duet India Hotels is looking for more land to expand its portfolio and add more than thirteen hundred rooms by the end of this financial year.
The group plans to develop 20- 30 mid- scale and upper middle segment hotels with around five thousand rooms in the next 2-3 [...]
PropertywalaProvident Housing is a fully-owned subsidiary of the Bangalore-based Puravankara Group. Provident housing is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been struck for a value of 150 crore rupees. The deal between Provident Housing and the seller, who is an individual, [...]
The financial capital Mumbai now ranks as the most preferred destination for investing in properties, while Chennai has replaced Bangalore.
The survey, “Trend in residential space across top cities in the current scenario” ranked Mumbai as the most preferred destination to invest in property while in south, Chennai is in the first place for property investments, [...]
Real estate monitorThe government department responsible for the promotion of industry is proposing easier rules to allow overseas investors to be part of smaller real estate projects and lower capitalisation norms for those which involve facilities in hospitality or tourism sector.
The department of industrial policy & promotion, which handles the FDI policy, in a note [...]
SALES slowdown, stagnating capital values and a need to manage resources better are pushing Indian realty firms to invest in technology that will help them achieve optimum productivity, information access and regulatory compliance.
End-to-end enterprise resource planning (ERP) solutions, that manage diverse projects across different locations, are slowly finding favour. ERP vendors are seeing increased enquiries [...]
January 9, 2009 – 12:38 am
With reduction in land prices , an average 30% across India in the past 6 months, many medium-sized developers are trying to renegotiate the joint development agreements, they had signed with landowners earlier.
“Renegotiations have definitely started happening now with a drop in land prices,” says Cushman & Wakefield director (land & industrial) Manish Aggarwal. Players [...]
By rajani
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Posted in Property News
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Also tagged Cushman, Development Agreements, India, Internal Rate Of Return, Landowners, Parameters, Private Equity Partners, Rate Of Return, Real Estate Developers, Realty Cos, Wakefield
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December 13, 2008 – 3:54 am
If October was the Month of Buy 1 , Get 1 Free!!!. December is the Month of Buy 1 and Get 2 FREE. Yes this is the Tagline by the Desperate Orange properties of Bangalore. This time around they are offering 2 pieces of land for FREE one near Devanhalli and other near Tumkur on [...]
December 2, 2008 – 8:30 am
Its raining discount here in Bangalore on residential projects being developed by Sobha Developers. Residential demand in Bangalore is currently sluggish. Although the company plans to launch one new project in Bangalore in Fiscal year 2009, given the slowdown in demand, the company has pushed back time lines of its other planned projects. The company [...]
September 3, 2008 – 9:34 am
Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends.
Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales of [...]
By rajani
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Posted in Property News
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Also tagged Bandra Kurla, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Mumbai, Pune, Puravankara Projects, Raw Material, Real Estate, Realty Firms, Tier Ii
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August 23, 2008 – 2:14 am
Office rental prices are unlikely to see any major fall across the country’s three major business hubs National Capital Region, Mumbai and Bangalore even as the commercial realty markets in these areas are expected to witness a significant surge in supply, a leading real estate consultancy firm said.
While Bangalore is expected to witness further rise [...]
By rajani
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Posted in Property News
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Also tagged Asia Pacific Region, Cbre, Commercial Realty, Commonwealth Games, Delhi Ncr, Gurgaon, Hubs, Leading Real Estate, Mumbai, Office Space, Rental Values, South Delhi
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August 20, 2008 – 9:36 am
Mumbai has come into view as the most preferred destination for logistics and warehousing companies with proposed investments for setting up logistics parks in the city touching around Two hundred million dollar (Rs872 crore), a report said.
In spite of their lack of support infrastructure, smaller cities such as Nagpur in Maharashtra, Gurgaon in Haryana, Visakhapatnam [...]
By rajani
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Posted in Property News
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Also tagged Ahmedabad, Alwar, Ambala, Cushman And Wakefield Inc, Estate Consultant, Gurgaon, Indore Ambala, Jamshedpur, Jamshedpur and Alwar, Logistics Company, Nagpur., National Highways, Promising Locations, Realty Development, Support Infrastructure, Tier Ii, Visakhapatnam
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August 11, 2008 – 12:34 am
The propensity of property cancellation in the city has surpassed statistics of several other leading cities in the country.
With almost 15% to 20% slide in the real estate demand across the country, the scene in Pune too is no different and developers have already started feeling the pinch.
“The real estate market across India is witnessing [...]
By rajani
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Posted in Property News
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Also tagged Banking System, Bookings, Cancellations, Downturn, Executive Director, India Statistics, Indian, Kmpg, Perception, Phenomenon, Propensity, Pune, Slowdown, Slump
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India’s emergence as a leading IT and ITES destination has witnessed a huge demand for high quality office space. Again, the dependence on one sector could also have a serious impact. Knight Frank’s Vakil said that there is already a slowdown as far as commercial property is concerned.
The scenario presents a few interesting constituents. Vakil [...]
By rajani
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Posted in Property News
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Also tagged Commercial Plots, Commercial Space, Future Group, Hyderabad, India, Kishore Biyani, Knight Frank, lease, Office Space, Outright Purchase, Residential Plots, Slowdown, Vakil
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Brothers Vijay and Deepak Raheja who used to run B Raheja Builders, a real estate firm that operates in Mumbai, Bangalore and Pune, have split the business between themselves and set up separate companies, according to an executive at a company that does business with B Raheja Builders and who did not want either himself [...]
Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said.
The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a Bangalore [...]
By rajani
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Posted in Property News
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Also tagged Actis, India Real Estate, Industry Experts, Infrastructures, Investment Bank, Lehman Brothers, Pradeep Jain, Private Equity Investor, Real Estate Developer, Realty Market, Retail Space, Unitech
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There is going to be a major price correction in the real estate market in the subsequent three months. Land owners and builders are holding on to the selling price of their properties due to the ongoing monsoon but post-monsoon, prices would nose-dive 15-20%. Builders and property consultants preach that monsoon season is considered to [...]
By rajani
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Posted in Property News
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Also tagged Akruti, Bank Loans, Jones Lang Lasalle, Land Acquisition, Land Deals, Monsoon Season, Mumbai, Property Consultants, Real Estate, Real Estate Developer, Real Estate Developers
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Country Club India (CCIL) has pronounced the getting hold of properties in Tier II cities. Driven by its focus on pan India presence, CCIL has added Lucknow, Jaipur, Indore, Surat and Pune to its fold taking the total to forty four own clubs in the two hundred two club network including franchisees.
Y. Rajeev Reddy, Chairman [...]
By rajani
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Posted in Property News
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Also tagged Ccil, Club India, Country Club, Foray, Franchisees, Hotel Dubai, Hotel In Dubai, Medical Tourism, Plan, Pune, Rajeev, Surat
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Knight Frank India, a real estate consultant company, predicts more correction in house prices if the existing slowdown in residential property sales keeps on, Chairman Pranay Vakil said.
By rajani
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Posted in Property News
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Also tagged Commercial Office Space, Consultant Company, Estate Consultant, High Interest Rates, Home Prices, House Prices, Knight Frank, Pune, Real Estate Developers, Residential Property, Residential Real Estate, South India
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KOCHI: Dewa Projects Private Ltd., a venture promoted by a group of NRIs based in Kuwait, will build a super luxury apartment complex on Marine Drive in Kochi. K. Venugoplan Nair, chairman of the company, said the project would set new benchmarks for residential property.
The apartments will have a 10-year warranty. Kitchen, bathroom fittings, doors [...]
BANGALORE: Realty marketing and consultancy firm Asipac Projects is close to putting together a real estate fund, in association with a few institutional investors. The move by the company , aimed at widening the scope of the company’s services is part of a series of initiatives that will roll out in the coming months.
According to [...]
February 26, 2008 – 6:38 am
Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors. As part of the plan, Eldeco has already raised some funds from Xander PE. Sources said group company Eldeco Infrastructure & Properties (EIPL) was in the market for [...]
February 2, 2008 – 4:27 am
NEW YORK: There is a very well-built interest in China and India but US real estate maintains at top of the worldwide property market ventures among foreign investors, according to the annual review by the Association of Foreign Investors in Real Estate (AFIRE).
There is a meaning in the findings since Washington-headquartered AFIRE always finds it [...]
By rajani
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Posted in Property News
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Also tagged Credit Crunch, Dominance, Foreign Investors, International Investors, Investment, London Paris, Merrill Lynch, Mumbai, Promising Markets, Real Estate Investment, Real Estate Sector, Shanghai., Worldwide Cities
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January 28, 2008 – 7:06 am
Sobha Developers is coming up with a residential project of 156-unit on the outer ring road Hebbal in north Bangalore. The project coming up on a 4.5 acre patch located behind the BEL corporate office on the outer ring road will attract a market-estimated investment of over Rs 100 crore. Mr. Raghav Menon, [...]
By rajani
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Posted in Property News
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Also tagged Apartment, Houses, Investment, Investment Project, Menon, outer ring road, Raghav Menon, Residential project, Residential Projects, Residential Space, sobha developers, Sobha Petunia
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