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, India, Intra State, Kerala, Orissa, Presence, Property Transaction, Property Transactions, Real Estate Bank, Real Estate Transaction, Real Estate Transactions, Related Services, West Bengal
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September 3, 2008 – 9:34 am
Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends.
Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales of [...]
By manish
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Posted in Property News
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Also tagged Bandra Kurla, Bangalore, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Mumbai, Puravankara Projects, Raw Material, Real Estate, Realty Firms, Tier Ii
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August 19, 2008 – 4:56 am
Property firms are eyeing newer overseas markets for business opportunities as the domestic real estate market continues to slump.
While the looking overseas trend isn’t too new, firms such as the Bangalore-based Puravankara Projects Ltd and Sobha Developers Ltd, and the Delhi-based Parsvnath Developers Ltd are pushing ahead to expand their global presence.
Overseas offices can help [...]
By manish
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Posted in Property News
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Also tagged Chief Financial Officer, Construction Material, Global Presence, Guandong, Interior Fittings, Marketing Office, Nagpur., Nashik, Overseas Markets, Private Equity Funds, Property Developer, Puravankara Projects, Silicate, Sobha Developers Ltd, South East Asia, United Arab Emirates
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August 12, 2008 – 4:20 am
Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities.
“The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the next [...]
By manish
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Posted in Property News
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Also tagged Ahmedabad, Ambulance Services, Chennai, Commercial Projects, Delhi, Gurgaon, Healthcare Facilities, Housing Units, Kerala, Rasheed, Real Estate Firm, Residential Projects, South India
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August 11, 2008 – 12:34 am
The propensity of property cancellation in the city has surpassed statistics of several other leading cities in the country.
With almost 15% to 20% slide in the real estate demand across the country, the scene in Pune too is no different and developers have already started feeling the pinch.
“The real estate market across India is witnessing [...]
By manish
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Posted in Property News
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Also tagged Bangalore, Banking System, Bookings, Cancellations, Downturn, Executive Director, India Statistics, Indian, Kmpg, Perception, Phenomenon, Propensity, Slowdown, Slump
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Pune seems to be gradually losing its cost advantage among software companies. Many think that the rentals in the city are on their way up and could be a big deterrent for further investment.
Sunil Patil, president (Pune region), UBICS, a software company of the UB group, believes that the rentals may spoil the show. “Rentals [...]
By manish
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Posted in Property News
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Also tagged Economic Benefits, Engineering Services Company, Manhattan, Nasscom, Pune Region, Software Companies, Software Company, Software Engineering Services, Tier Ii, Ub Group, Venture Capital
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Due to the depressed real estate market, all projects of small developers (grade C & D) are up for sale as no development has started because of severe cash crunch. And the big developers (grade A & B) are said to be scouting for these kinds of projects as they are proving to be more [...]
By manish
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Posted in Property News
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Also tagged Amritsar, Bangalore and Chennai, Chandigarh, commercial property, Indore, Karnal, Land, Mumbai, Ncr, Real Estate, Real Estate Investment, Residential Property, small developers
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Brothers Vijay and Deepak Raheja who used to run B Raheja Builders, a real estate firm that operates in Mumbai, Bangalore and Pune, have split the business between themselves and set up separate companies, according to an executive at a company that does business with B Raheja Builders and who did not want either himself [...]
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 indicators [...]
By manish
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Posted in Property News
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Also tagged British Citizens, Credit Crunch, Development Finance Corporation, Foreign Investment., Gujarat, Housing Development, indian government, Indian Origin, Jaipur, London Property, Market Investors, Merrill Lynch, NRIs, Realty Market, Uk, Unitech
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Pune:- With growing needs and concerns of the building, construction, and the real estate industry for skilled and trained manpower at various levels and positions Akruti Citygold Institute (ACI) and Kumar Properties Education Foundation (KPEF), Pune have jointly launched an initiative called Central of Technical & Vocational Training (CTVT) .
To bridge this gap and to [...]
Country Club India (CCIL) has pronounced the getting hold of properties in Tier II cities. Driven by its focus on pan India presence, CCIL has added Lucknow, Jaipur, Indore, Surat and Pune to its fold taking the total to forty four own clubs in the two hundred two club network including franchisees.
Y. Rajeev Reddy, Chairman [...]
By manish
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Posted in Property News
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Also tagged Bangalore, Ccil, Club India, Country Club, Foray, Franchisees, Hotel Dubai, Hotel In Dubai, Medical Tourism, Plan, Rajeev, Surat
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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 up [...]
By manish
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Posted in Property News
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Also tagged ABS Hotels, Aneja, Ashok, Bengaluru, Bhopal, Budget Brand, Corbett National Park, Dehradun, Goa, Gujarat, Gwalior, Jaipur, Jim Corbett National Park, Lucknow, Resort Markets, Three Star Hotels
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Knight Frank India, a real estate consultant company, predicts more correction in house prices if the existing slowdown in residential property sales keeps on, Chairman Pranay Vakil said.
By manish
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Posted in Property News
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Also tagged Bangalore, Commercial Office Space, Consultant Company, Estate Consultant, High Interest Rates, Home Prices, House Prices, Knight Frank, Real Estate Developers, Residential Property, Residential Real Estate, South India
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Pune, May 16:- The Express Estates Home Expo was inaugurated by Mayor Rajlaxmi Bhosale at Sakhar Sankul on Friday afternoon, setting in motion the three-day event. The Expo will not only be a one-stop shop for people interested in buying properties in the city, it intends to set a benchmark by educating the public on [...]
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 Mahindra [...]
February 2, 2008 – 4:28 am
February 01, 2008. ABRL i.e. Aditya Birla RetaiL would be investing about Rs 10000 crore in spreading its operations across the country over a period of half decade.
Main aim of ABRL is to emerge as one of the leading retail players in India. It has planning to have 1500 supermarket and 100 hypermarket stores in [...]
February 1, 2008 – 11:58 pm
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 70% [...]
By manish
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Posted in Property News
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Also tagged Acrs, Crore, Crores, Economic Zones, Gun Shy, India Real Estate, Kolkata, Mid Size, Outer Edge, Private Equity, Private Equity Firm, Project Basis, Residential Units, Retail Spaces, Rfc, Rs 2, Rs 800, Technical Ability, Tier Ii, Vishakhapatnam
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February 1, 2008 – 1:38 am
30 January, 2008, New Delhi: DLF Ltd. has reported a quarterly consolidated net profit of 21.45 billion rupees ($544.4 million) on Wednesday. It assured that the growth will remain robust on strong demand. Mr. Rajiv Singh, Vice Chairman, told the reporters “There is no decrease in demand. People have realized that while interest rates may [...]
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