Tag: Chennai

Real Estate Investors To Benefit As AMP Launch India Office

With the plan to expand worldwide and provide better services to the real estate investors, AMP Technologies opens offices in India. AMP Technologies, led by Sabeer Bhatia, is a software and Services Company by nature. The firm has announced launch of its India office. The firm plans to employ around 1,000 employees by 2015. The firm […]

Anand Rathi and Knight Frank Eye $100 million in Second Realty Fund

Anand Rathi Financial Services and property consultancy Knight Frank India are planning to launch their second real estate fund by end of this months and looking to raise around Rs 500 crore (~$100 million), sources close to the development told VCCircle. Unlike its peers who are hitting foreign shores to raise new funds, the joint fund rental yield […]

Property prices hiked in Coimbatore

The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, […]

Bangalore: Just about Office….Office.

While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq. ft. across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq. ft. While six mil sq. ft. […]

Chennai leads Indian Property Sector.

The Indian property market will see more investment from overseas this year as it still remains an attractive investment destination globally. In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas […]

DLF Garden City Lucknow gets the ‘Integrated Township of the Year Award’.

Garden city, the first ever residential project in Lucknow by DLF has bagged the “Integrated Township of the Year – North India” award at the Realty plus Excellence Awards 2012, instituted by real estate monthly magazine Realty Plus. Cheered by a galaxy of realty stars, luminaries and other stakeholders present from all over the country at […]

Second Annual Convention Of NAR

Photo by respresThe Real Estate Agents Association of Chennai is all set to host the annual convention of the Indian National Association of Realtors. This will be the second year of the meet. It will be a two day event that will take place on July 16 and 17 at the seaside Radisson Resort temple […]

India Cements acquires commercial space of ICICI Bank

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 […]

Mumbai is most preferred property investment destination

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 […]

DLF drops mall proposal

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 […]

Govt may relax FDI norms in realty

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 […]

Realtors use technology to boost productivity

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 […]

Realty Firms Consider Joint Development For Construction Projects

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 […]

DLF Ltd Is Planning To Raise Rs 10,000 Crore By The Next One Year

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 […]

SRK Group To Invest Rs 5,000 crore In Next 5 Years

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 […]

Builders Offer Personal Touch To Encourage Buyers

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 […]

Super luxury apartment complex planned in Kochi

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, […]

Mahindra To Develop Mahindra World City, near Chennai

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 […]

Country Club Pride of Hyderabad acquiring properties in Dubai, Bangkok

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 […]

Realty CO Eldeco Eyes $250 mn PE Investment

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 […]