Tag: Jaipur

Hong Kong has an Indian Real Estate Property Exhibition this Weekend.

The exhibition will exhibit around 300 projects by over 70 developers along with the coming projects and infrastructural development in Mumbai, Pune, Jaipur and Bengaluru. The exhibition is for two days( 3rd March 2012 and 4th March 2012) and will give a proper snapshot of the real estate industry which will be helpful to those […]

Millennium Spire Enters Indian Realty

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 […]

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

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 […]

Dawnay Day’s hotels on the block

Leading hotel chains and top real estate developers are understood to be bidding for the beleaguered UK investment group Dawnay Day’s four-star hotel chain Ten Hotels and other real estate assets in India. ITC, Royal Orchid, Pride Hotels, Sarovar group, Lemon Tree, DLF and Paraswanath have made a pitch for the deal, which is valued […]

Suncity Projects To Invest Rs 2000 Crore

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 […]

Land sale Talk Buoys Maharaja Shree Umaid Mills

Maharaja Shree Umaid Mills is close to selling off its 22000 square yards of property in downtown Jaipur, which housed its registered office. According to market sources, property is fetching the company around Rs 200 crore. Mr L. N. Bangur, Chairman and Managing Director of the company, told that until the company received the consideration […]

HDFC Will Organize India Homes Fair

Buoyed by an exciting real estate market, investors in Britain increasingly prefer India for investment looking for higher profits on the back of a slowdown in Britain’s realty market. Navyroof.Com, a company that emphasizes investment prospects in the most upcoming areas of India to the UK investors, Managing Director A. Fassnidge said: “All the economic […]

ABS Hotels Plans Smart Hotels Project In Eight Cities

ABS Hotels India is all set to launch a budget brand ‘Smart Hotels’ with plans to open it in eight cities within the next two years at an investment of Rs 100 crore. Ashok Aneja, the group’s chairman, informed that the group wants to expand in the budget and resort markets. “Smart Hotels will come […]

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 […]

Deteriorating IT Boom Affects Real Estate

Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just […]