Tag: Coimbatore

Property prices hiked in Coimbatore

April 24, 2012 – 11:34 am

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, […]

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BuildMat likely to become an annual event

October 3, 2009 – 5:35 pm

The biennial exhibition BuildMat, sponsored by three major associations connected with the construction sector in Coimbatore, is likely to become an annual event after 2015. To provide exposure to the latest products, the organizers have decided to invite manufacturers to directly participate in the 2011 BuildMat show. Speaking to newspersons, Mr Praveen Chandra Prasad, Chairman, […]

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Puravankara buys sixty-two acres in Bangalore

August 3, 2009 – 7:26 pm

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, was […]

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MSL Will Invest 200 Million Dollar In Indian Realty

August 29, 2008 – 2:16 am

Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year. MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas. The company […]

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Puravankara Projects Ltd In Talk With Overseas Private Equity For Affordable Housing Projects

August 26, 2008 – 4:56 am

Provident Housing and Infrastructure Ltd, the wholly owned subsidiary of Bangalore-based real estate company Puravankara Projects Ltd, is in talks with four overseas private equity funds to raise about seven hundred fifty crore rupees to acquire land for its affordable housing projects, a source close to the development said. “Total project cost is eight thousand […]

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