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 […]
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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. […]
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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% […]
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 […]
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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 […]
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 […]
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 […]
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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 […]
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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 […]
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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”.
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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 […]
The sharp fall in shares of realty majors in India has meant that not a single Indian real estate company figures in Standard & Poor’s Asia Property 40 Index. The index comprises forty Asian realty companies listed in terms of market capitalization, an S&P release said on Monday. From a year high of 13848.09 on […]
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Also tagged Asia, Bse, Indian Property Developers, Indian Real Estate, J P Morgan, Market, Real Estate Company, Realty Companies, Residential, Singapore, Top 10
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Dubai-based real estate major Majid Al Futtaim (MAF) is likely to enter India for which it is in the process of identifying a local partner. The country’s estimated 16 billion dollar realty sector, which has already attracted UAE-based players like Emmar, Limitless, Nakheel and SmartCity, has been identified by MAF as a ‘market to be […]
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Also tagged Al Futtaim, Al Mulla, Asia, Commercial Spaces, Europe, Hypermarkets, International Developers, Iran, Nakheel, Pakistan, Shopping Malls, Smartcity, South East Asia, Vp Business Development
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The real estate sector has hogged the attention among favored investment avenues for a host of venture capital funds (VCFs) and foreign venture capital investors (FVCI) during the preceding fiscal. Amongst different sectors, together with IT and telecom, real estate alone attracted twenty percent of the total investments made by both VCFs and FVCIs during […]
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Also tagged Exchange Board, Investment, Investment Avenues, Last Investments, Real Estate Sector, SEBI, Service Sector., Telecom, VCF, Vcfs, Venture Capital Investors
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Khaleeji Commercial Bank has collected $163.5 million of equity from investors across GCC for Danat India Investment Company. Danat will invest in a real estate development project near New Delhi, targeted at the expanding middle class of India. India, presently one of the foremost rising markets is predicted to be the world’s 3rd biggest economy […]
Global real estate consultant DTZ announced on 21st may that it has appointed Anshul Jain the CEO of India operations with effect from August 1. “As we continue to successfully grow our India business, I am delighted to welcome Anshul to guide the team. The move demonstrates DTZ’s promise to the India story as we […]
Mumbai-based firm will invest Rs 18,000 crore in next twelve years. BSEL Infrastructure Realty plans to set up a company in Malaysia to execute its operations in that country. The Mumbai-based company has signed a memorandum of understanding (MOU) with Malaysia’s Iskandar Regional Development Authority (IRDA) to develop properties in Johar Bharu region of Malaysia. […]
Real estate and hospitality major Royal Palms India will invest two thousand four hundred crore rupees in the coming two years for setting up four- and five-star hotels in big cities in the country. The company is planning to build four luxury hotels in Mumbai.
The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market for luxury real estate developers, are developing cold feet. With the US property market witnessing a correction due to subprime crisis, the NRIs are […]
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Also tagged africa, Ansal, australia, buy, buyer, demand, indian government, luxury, Market, Mumbai, non resident indian, NRI, PIO, pravasi bharatiya divas, property, Real Estate, Realty, US
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Mumbai, Apr 16 With the end of its association with The Oberoi group, Hilton Hotels Corporation is on top gear to make a comeback in the Indian market. The company today has not even a single property in the country courtesy the fallen apart tie-up with The Oberoi Group. Now, left all alone in the […]
Growing real estate prices are resulting in a decline in the demand for home loans. The rising interest rate is a additional factor. Even though Indian realty market is observing a compounding growth, owning a home is still a tough dream for a lot of middle class Indians. Previously (2002-2006), the trouble-free availability of home […]
According to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) India is one of the most preferred property market among foreign investors globally. This report is from January/February 2008 (AFIRE) news letter. India is preferred by 16.7 per cent of the respondents favoring the country as the most fancied place […]
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Also tagged Association Of Foreign Investors In Real Estate, China, Crores, Estate Projects, Foreign Investors, Global Investor, Investment Banks, January February, Jp Morgan, Perceptions, Real Estate Investments, Real Estate Market
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March 14, 2008 – 12:37 am
Vishal Retail is planning to enter real estate sector. Confirming this development Manmohan Aggarwal, CEO, Corporate Affairs, Vishal Retail told Business Standard that the new venture would be launched either in the second half of the current year or early next year. He revealed that company is also planning to acquire 1 crore sq ft […]