October 4, 2008 – 12:56 am
Entering the market in possibly the toughest time, the GMR Group has invited bids for building hotels at its proposed 45-acre hospitality district near the upcoming airport in Delhi.
The Delhi International Airport Pvt Ltd (DIAL) had planned to raise Rs 2,750 crore from this district in 2008 when the plan was first floated and then [...]
By Rajani
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Posted in Property News
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Also tagged Acre Plot, Ahead, Bidders, Budget, Conference Hotel, Controversy, Crunch, Delhi Airport, Delhi International, Financial Markets, Gmr Group, Hospitality, Hotels, Infrastructure, Real Estate, Security Deposit
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September 24, 2008 – 6:09 am
Real Estate Bank India is scheduling to set up three thousand franchisees all over the country with sixteen outlets in Orissa within a year. The first property shop will be opened on September 24 in Bhubaneswar. The other property shops will be located at Rourkela, Cuttack, Jharsuguda, Barbil and Jajpur Road.
This would promote inter and [...]
By Rajani
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Posted in Property News
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Also tagged Avenues, Barbil, Core Business, Cuttack, Estate Business, Franchisees, Hassle, Intra State, Kerala, Orissa, Presence, Property Transaction, Property Transactions, Pune, Real Estate Bank, Real Estate Transaction, Real Estate Transactions, Related Services, West Bengal
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August 29, 2008 – 2:17 am
Millennium Spire Limited, an “Alternative Strategies Fund” under the U.K.-based Millennium Global umbrella, on Thursday announced its foray into the Indian real estate sector unveiling its maiden platform for developments in the Indian market, Spire World, a platform that would drive development of mainstream green projects of Millennium Spire in the country.
The unveiling of ‘Spire [...]
By Rajani
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Posted in Property News
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Also tagged Better Sense, Commercial Advantage, Eco Office, Foray, Indian Real Estate, Jaipur, Joint Venture, Launch, Managing Director, Manesar, Millennium Spire, Newsmen, Real Estate Sector, Superiority, Umbrella, Uniqueness, Viability
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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 also announced [...]
By manish
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Posted in Property News
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Also tagged Coimbatore, Commercial Areas, Edge Project, Estate Projects, Investments, Joint Venture, Managing Director, Manesar, Millennium Spire, Millennium Spire Ltd, Private Equity Firm, Public Private Partnership, Real Estate Sector, Singapore, State Governments, Townships
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The real estate sector in India has now become one of the most important sectors in the recent times, thanks to the rising prices of land.
Today real estate sector has become a reckoning force in the economy of India. This sector which till few years back were unknown to most of the investors and people [...]
By manish
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Posted in Property News
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Also tagged Dynamic City, Economy Of India, Entire World, Haryana, Kolkata, Metropolitan Cities, Nariman Point, Ncr, Property Developers, Real Estate Boom, Real Estate Developers, Real Estate In India, Real Estate Sector, Shopping Malls
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Red Fort Capital, a Cayman Islands-based private equity fund focused on real estate development, is in the advanced stages of negotiations with six developers for projects worth Rs 40 billion in the metropolitan areas across India.
The fund will be developing an information technology park in Kolkata with Godrej Properties, with Red Fort holding a 49 [...]
Ian Hendersen, Chairman, Ishaan Real Estate, said, “Investment in the initial portfolio of assets is being completed, largely according to a plan, and the increased net asset value replicates the strong demand for our properties and the huge potential of the Indian property market”. IRE is the holding company of K Raheja Corp floated in [...]
By Rajani
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Posted in Property News
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Also tagged Alternative Investment Market, Hendersen, Ishaan, K Raheja, Overseas Markets, Park Projects, Raheja Group, Real Estate Sector, Residential Projects, Retail Ventures, Sezs, Shopping Malls, Southern India
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Realty player Suncity Projects today announced its plans to develop four retail cities in the country with an investment of around Rs 2,000 crore by 2011.The retail cities, under the brand name ‘Jewel of India’ would come up at Greater Noida, Indore, Jaipur and Mohali.
The first of these cities would become operational in Jaipur by [...]
By Rajani
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Posted in Property News
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Also tagged Ambitious Projects, Bazaar, Food Courts, Hotel, Hotel Business, Indore, Jaipur, Mohali, Multiplexes, Rajasthani, Retail Area, Retail Brands, Retail Space, Vijay Arora
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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 Bangalore, Commercial Plots, Commercial Space, Future Group, Hyderabad, Kishore Biyani, Knight Frank, lease, Office Space, Outright Purchase, Residential Plots, Slowdown, Vakil
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DLF Ltd. and Unitech Ltd. fell in Mumbai trading after Credit Suisse Group cut its ratings for the stocks on concern new projects may be delayed as demand wanes and funding costs rise.
DLF dropped 2.4%, the most in eight days, to 446 rupees at 10:40 a.m. local time. Unitech, based in Gurgaon, declined 2.5% to [...]
PBEL Property Development (India) Pvt. Ltd. is new name for indian real estate. It is a joint venture of Property and Building Corporation (PBC), Electra Real Estate (ERE) and Indian developer INCOR Infrastructure. Over the last couple of months PBEL has purchased property worth thousand crore rupees plus across various cities in India.
PBEL Property Development [...]
By Rajani
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Posted in Property News
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Also tagged Art Club, Bedroom Wardrobes, Dwellings, ERE, INCOR, Joint Venture, Launch, Modular Kitchens, PBC, PBEL, PBEL CITU
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India and China have significantly improved their levels of real estate transparency, an indicator of real supply and demand in the sector, over the last two years.
According to real estate transparency index complied by professional services firm specializing in real estate, Jones Lang LaSalle, the biggest improvers in Asia Pacific are India, China and Vietnam.
The [...]
India’s National Housing Bank plans to raise one hundred ten billion rupees during the year to March 2009 to meet its loan demand. According to the chairman and managing director S. Sridhar declared that out of this one hundred and ten billion, it will raise thirty billion rupees through zero coupon bonds and another ten [...]
Ishaan Real Estate Plc. swung to full-year pretax loss because of the cost of investment advisory fees and provision for promote fees to be paid to the investment adviser.
However, it said it remains confident of continuing with the improvement made on assets development and also the pre-letting of the projects already initiated within its portfolio.
For [...]
Prudential Real Estate Investors on 17th june pronounced that it has launched a joint venture with Beekman Helix India Partners LLC (BHI) to invest in real estate in India. Through its fresh private equity real estate podium, the venture strategy to embark on a plan to make real estate funds for institutional clients.
Prudential Real Estate [...]
By manish
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Posted in Property News
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Also tagged Delhi Ncr, Gurgaon, Prudential Financial, Prudential Financial Inc, Prudential Forms JV, Prudential Real Estate Investors, Real Estate, Real Estate Investment, Real Estate Investment Companies, Real Estate Investment Management, Residential Development
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Foreign investors may shun the Indian real estate market as lower asset prices in the US and the potential to earn better returns skew the risk-reward equation against emerging markets such as India.
Mr. S Sriniwasan, CEO, Kotak Real Estate Fund, said, “Real estate developers face a double whammy of slowdown in the overall growth and [...]
By Rajani
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Posted in Property News
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Also tagged , AIG, asset, buy, Citi venture, Foreign investor, Fund, Land, Market, Mumbai based real estate, Real Estate, Real Estate Developers, Slowdown
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Hyderabad : With the rejection by Andhra voters of the Telengana Rashtra Samiti, real estate business is now picking up again in Hyderabad after the recent elections.
The non-residents of India (NRI)’s and the foreign direct investors have started taking interest in the real estate because the demand for a separate State does not seem to [...]
By manish
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Posted in Property News
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Also tagged Banks, Boom, Elections, Estate Business, Hyderabad, Investments, Investors, Non Residents, NRI, Polls, Rate Of Interest, Real Estate, Telengana
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According to experts, the killing in stock markets, where realty stocks have taken a beating along with the rest, may speed up the slowdown in the real estate market over the next six months.
Balaji Rao, managing director, Starwood Capital India Advisers, said, “The market is already slowing as high property prices have affected sales”.
By Rajani
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Posted in Property News
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Also tagged Credit Suisse, Debt Markets, developers, Omaxe, Parsvnath, Puravankara, Real Estate Market, Realty Investors, Realty Stocks, Slowdown, Stock Markets
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Bangalore: Bangalore-based In4velocity Systems, India’s foremost real estate and property development software firm, pronounced that Mumbai-based Kanakia Spaces, a well-known name in the real estate industry, has successfully implemented its market leading ERMS application, In4Suite, across its different construction projects over the period of six months. The overall deal value is expected to be above [...]
Laxmi Mittal-backed Indiabulls Real Estate managed to raise $259 million on the Singapore Stock Exchange, a day after the scheduled closing of its REIT’s issue, Indiabulls Properties Investment Trust.
India’s fourth largest real estate developer sold 353 million shares at $1 per unit, out of which Lakshmi Mittal had committed 91 million shares.
The sale was to [...]
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