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 [...]
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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. [...]
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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 [...]
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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 [...]
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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, [...]
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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.
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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, [...]
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 [...]
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 [...]
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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, vice president [...]
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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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