September 23, 2009 – 4:15 pm
In yet another big ticket realty deal in Chennai, India Cements has acquired the ICICI Bank owned large commercial space in the upmarket Santhome High Road in the city reflecting the uptick in the property market. Sources close to the transaction said that ICL has struck the deal for Rs 63 crore.
ICICI Bank had put [...]
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, [...]
PropertywalaDLF has dropped its plans to develop a mall on upmarket Commander-in-Chief Road in Chennai due to the ongoing economic recession.
The company has now sought permission to develop the land as a premium residential project. DLF Southern Homes director KK Raman said, “We have completed the design process. We are awaiting approval to announce the [...]
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 [...]
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, Bangalore, Bkc, 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 27, 2008 – 2:53 am
The largest real estate company by market share DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30.
According to a DLF spokesperson, “This is a normal procedure to [...]
By rajani
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Posted in Property News
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Also tagged Agm, Dlf, Earning Per Share, Equity Share, Gurgaon, Indore, Market Share, Maximum Price, Proposal, Rajarhat and Kochi, Share Price, Shareholders, Stock Exchange, Stock Prices
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August 12, 2008 – 4:20 am
Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities.
“The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the next [...]
By rajani
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Posted in Property News
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Also tagged Ahmedabad, Ambulance Services, Commercial Projects, Delhi, Gurgaon, Healthcare Facilities, Housing Units, Kerala, Pune, Rasheed, Real Estate Firm, Residential Projects, South India
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Faced with a slowdown and increased competition, real estate players are trying to re-invent themselves by focusing on ‘personalized selling’.
Refusing to be lost in the clutter of ‘look-alike offerings’ in the real-estate market, a section of leading developers engaged in constructing properties in Bangalore, Mumbai, Hyderabad, Goa and Chennai is trying to carve out a [...]
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 [...]
Mahindra Lifespace Developers, the real estate company of the Rs 18,000 crore Mahindra group, has entered into a joint venture with private equity fund ARCH Capital Asian Partners to develop a residential township at the Mahindra group’s special economic zone, Mahindra World City, near Chennai.
The Mahindra group will have a 51 % stake in Mahindra [...]
Hyderabad-based Country club ltd. is now ready to expand its horizon through getting hold of properties in Dubai and Bangkok.
People close to the deal told Business Line that Country Club is in advanced stages of negotiation to buy an existing hotel property in Dubai. The sources said that the price of property will be near [...]
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 [...]
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