Tag: Kolkata

Unity Infraprojects: Realty projects and roads focus to help build-up.

Healthy order book, strong balance sheet and the potential to unlock value from real estate projects make Unity Infraprojects a decent investment idea on a medium-term basis. Mumbai-based Unity Infraprojects is a small-sized construction firm operating in buildings, water and roads segments. The company is also developing real estate on its land parcels in Nagpur, Bangalore, Pune, Kolkata […]

Yatra Capital To Invest More In India

Photo by thinkpanama Euronext-listed company, Yatra Capital managed by Saffron Capital Advisors, an Indian Real Estate Private Equity fund has announced to invest around 20 million Euros in India in FY10. The company plans to invest the Rs 115 cr in two deals in the domestic sector of real estate. The company has as of […]

The Realty Sector Growth Continues

On March 7, T.S.Vijayan chairman of Life Insurance Corporation of India (LIC), India’s No. 1 insurer announced that LIC will invest nearly Rs 36,000cr in infrastructure in 2010-11 on the sidelines of a stone-laying function of a housing complex for its policyholders in Kolkata. He said LIC would undertake realty projects, both commercial and residential, […]

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 […]

DLF-Hilton JV hit by regulatory delays

The DLF-Hilton, the joint venture company formed between India’s largest real estate company and world’s largest hotel chain, has been hit by regulatory delays. The first project, The Hilton Garden Inn in New Delhi, which was supposed to have opened in December, is delayed due to local planning consents and license approval. However, Hilton Hotels […]

Sarda Group Enters Facility Management

The Rs 2,000-crore Sarda Group has taken over asset and facility management brand Talbot and Company in India at an undisclosed sum foraying into the real estate management segment. Sarda Group Chairman Ghanshyam Sarda said, “We have acquired Talbot and Company which has roots in UK and this acquisition will help us to get headway […]

Singur Will Not Discourage Overseas Investors

NEW DELHI: The suspension of work at the Tata Motors’ Nano plant in Singur was unfortunate, but it would not deter foreign investors to India on a long-term basis, Bajaj Auto chairman Rahul Bajaj said. “It’s a very unfortunate thing that has happened in Singur, but I don’t think that there will be any long-term […]

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 […]

Tata Housing Project In Major Cities

Tata Housing Development Company Ltd., a fully-owned subsidiary of Tata Sons, announced its foray into the North Indian realty market with the launch of a residential property in neighboring Gurgaon. “Raisina Residency will be jointly developed by Tata Housing and Raheja Builders. Aedas, one of the top five architects in the world, has designed this […]

Feature Of Real Estate Industry In India

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 […]

Red Fort Capital Will Invest Rs 40 Billion In India

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 […]

Ruchi Group Will Construct 796 Luxury Apartments In Kolkata

Ruchi Realty Holdings Pvt Ltd, a business enterprise of the city-based Ruchi group of industries, has embarked on a four hundred fifty crore rupees real estate project for construction of seven hundred ninety six luxury apartments in Kolkata. Ruchi Realty Vice-President S. Asthana said no 10th june that the project would have the first Sports-based […]

Royal Palms Plans Star Hotels In Main Cities

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.

Retail sector to consolidate in medium term

KOLKATA: Rising retail industry in India would see a phase of consolidation in the medium term while ill-planned malls were likely to go out of business, an official of real estate management company Jones Lang LaSalle Meghraj (JLLM) said. “There is a enormous potential for the retail sector in the country since India is a […]

Studio Apartment Project In Kolkata

Setting a good example of how demand shapes supply, even in the real estate sector, a Kolkata-based developer had taken a decision to venture into unexplored territory with the city’s first luxury studio apartment block with full-service back-up. The city-based Siddha Group will construct a sixty crore rupees dedicated block with three hundred fourteen luxury […]

Kolkata to host Oliver Kahn’s farewell match

NEW DELHI, April 24: Kolkata based Real Estate major, Bengal Peerless Housing Development Company Limited on 24th April 2008 got the permission from Indian Football Association to organize a Grand Football match between FC Bayern Munich and Mohan Bagan Club on 27th May, 2008 at Salt Lake Stadium, Kolkata. Oliver Rolf Kahn, the famous German […]

Real Estate Management Course In Kolkata

KOLKATA, April 23: With the real estate boom in the country, St Xavier’s College in alliance with CREDAI(Confederation of Real Estate Developer’s Associations of India), Bengal is planning to launch a one year post graduate diploma course in real estate management very soon. The college previously runs a six-month certificate course on real estate management. […]

How To Find Right Price Of Your Dream Home

It is the fact that land price varies with locality but the extent it is varying, is unbelievable. The price of a house at Malad, a Mumbai suburb, is Rs 3000 to 6000 per square feet; whereas, the price of the same at Vasant Vihar (Delhi) is Rs. 19500-32000. It is enough for confusing buyers […]

Red Fort Plans Investment Of 2700crs

Private equity firm Red Fort Capital preparing to spend about Rs 2,700 crores in real estate by 2009, including acquisition of 2,500 acres of land in over 20 cities all over the country. “By 2009 we would have empowered about Rs 2,700 crores in expansion of projects in Indian real estate. Out of which, about […]