India’s Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets […]
December 9, 2008 – 12:51 am
Unitech is close to finalizing a deal with the Ashok Hinduja group for the sale of its Gurgaon-based hotel for Rs 226 crore. The real estate player has been facing a cash crunch for almost a year. Last month, it decided to sell The Courtyard, its hotel property in Gurgaon, along with five other properties […]
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Also tagged Ashok Leyland, Cash Crunch, Estate Assets, Estate Projects, Hinduja Group, Hindujas, Hotel In Mumbai, Hotel Property, Infrastructure Companies, Jw Marriott, Marriott Group, Marriott Hotel, Overseas Investors, Residential Properties, Talks With Private Equity
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November 12, 2008 – 11:56 pm
India’s second-largest property firm Unitech has put on the block its 2-lakh square feet office at upmarket Saket in New Delhi. Market buzz suggests Unitech is in talks with HDFC to sell the property. Both Unitech and HDFC admitted the property was on the block, but refused to confirm the deal. “I cannot confirm till […]
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Also tagged Cash Crunch, Delhi India, Delhi Market, Delhi Office, Hdfc, New Delhi, Ramesh Chandra, Real Estate Firms, Realty Firms, Saket, Unitech
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October 30, 2008 – 4:02 am
The country’s largest real estate developer, DLF, is set to sign a franchisee agreement with Italian group Luxottica to retail its premium and luxury eyeware brands, including Oakley, Ray-Ban, Chanel, Dolce & Gabbana, Donna Karan, Prada, Versace and Polo Ralph Lauren. Euro 15 bn Luxottica group is a leading designer, manufacturer and distributor of prescription […]
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Also tagged Africa Europe, Asia China, Designer Manufacturer, Donna Karan, Europe And America, Eye Ware, Franchisee, Global Brands, Italian Group, Licence Agreements, Luxury Segment, Polo Ralph Lauren, Prescription Frames, Realty Firm, Retail Portfolio, Revo Luxottica, Salvatore Ferragamo
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October 24, 2008 – 8:39 am
Sales at Parsvnath Developers’ in the festival season of Diwali are down to half from a year ago, but the real estate developer does not plan price cuts to boost sales, its chairman said. High interest rates on home loans and central bank rules forcing banks to assign a higher risk weight to real estate […]
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Also tagged Banks, Cash Flows, Diwali, Financial Institutions, Fiscal Year, High Interest Rates, Home Loans, India, Liquidity, Parsvnath Developers, Real Estate Loans
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October 22, 2008 – 5:09 am
Real estate developer Indiabulls Real Estate soared 27.65% to Rs 136.90, as realty stocks extended gains on hopes cut in lending rates will spur demand for residential properties. The scrip topped gainers in BSE’s ‘A’ group shares. The Reserve Bank of India, on 20 October 2008, cut the repo rate, by 100 basis points to […]
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Also tagged Bank Of India, Educomp Solutions, Finance Company, Gainer, Government Bonds, Infrastructure Development, Infrastructure Projects, Learning Solutions, Realty Stocks, Repo Rate, Reserve Bank Of India, Residential Properties
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September 27, 2008 – 12:38 am
Indian real estate sector is going through a big slump. Not only Indian but real estate sectors around the world are facing slump. Property dealers are registering big losses. Biggest example of loss in real estate sector is DLF Group whose share prices have gone down up to 76% on BSE. Because of slump real […]
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Also tagged Bmw Car, Bmw Price, Bse, Ceos, Estate Customers, Free Car, Free Membership, Greater noida, Luxury Flats, Mds, Mncs, Real Estate Developers, Real Estate Group, Real Estate Sector, Real Estate Sectors, S Real Estate, Share Prices, Slump
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With inflation touching 12.98%, realtors here are finding it difficult to hold their price line and plan to increase rates for residential units by Rs 100-500 per sq ft later this month. According to Confederation of Real Estate Developer’s Associations of India (Credai) Bengal, there has been a 25% increase in the construction cost of […]
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Also tagged Construction Cost, Credai, Direct And Indirect Taxes, Estate Space, Inflation, Prime Minister Manmohan Singh, Registration Charges, Residential Buildings, Residential project, Residential Units, Rungta, Stamp Duty, Steel Companies, Steel Makers, Steel Prices, West Bengal
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Real estate developer Uppal Group has tied up with hospitality major JW Marriott for developing and managing two five star hotels at an investment of Rs 500 crore. “We will be investing about Rs 500 crore for developing both properties which will be managed by international chain JW Marriott Hotel,” Uppal Group CEO (SEZ and […]
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Also tagged Bansal, Five Star Hotels, Gian, Group Ceo, Hospitality, International Hotel Chain, Jw Marriott, Marriott, Marriott Hotel, Real Estate, Rs 500
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Delhi-based real estate developer and asset management company, Alpha G:Corp, key coalition associate in the pan-India conglomerate. G:Corp, has signed up a joint venture with property-owner in Punjab to conceptualize, design and develop the impressive Alpha One mega project in Amritsar. It will be spread over twenty five acres on G.T. Road. Alpha G:Corp was […]
Real estate developer Parsvnath on 15th July tied up with Sabeer Bhatia, co-founder of Hotmail, to develop a Rs 50,000-crore knowledge city project in Haryana. The Parsvnath Nano City project would come up in Panchkula near Chandigarh. The realty firm would invest about Rs 400 crore in the form of equity and debt in the […]
India’s largest real estate developer DLF has given a new definition to housing for economically weaker sections (EWS). A senior company executive recently proposed to urban development minister Jaipal Reddy—and was promptly snubbed—that servant quarters attached to highend apartments be counted as the developer’s contribution towards EWS, according to a source in the government. As […]
Brigade Enterprises, a Bangalore based real estate developer has bagged 5 acres in Kochi to develop IT SEZ space. The Info Park Kochi is the IT Park developed by the Government of Kerala. Mr. M R Jaishankar, Chairman & Managing Director, Brigade Group, said, “We are glad to announce that we bagged the Info Park […]
Country’s largest real estate developer DLF Ltd will develop eight shopping malls under leasing format in the metros this financial year. DLF Retail only leases out space in its properties. Company would also open four shopping malls in current year, of which three would be in Delhi NCR and one in Chandigarh. Chandigarh mall will […]
Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said. The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a […]
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Also tagged Actis, Bangalore, India Real Estate, Industry Experts, Infrastructures, Investment Bank, Lehman Brothers, Pradeep Jain, Private Equity Investor, Realty Market, Retail Space, Unitech
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Mr Akshay Jain, CEO, Land Solutions (India) told on 21st June that by the end of FY 08-09, Indian citizens are expected to invest Singapore dollar (SGD) One hundred fifty million in real estate in Singapore. Land Solutions (India) is the Indian counterpart of the Singapore based real estate developer Far East Organization. According to […]
There is going to be a major price correction in the real estate market in the subsequent three months. Land owners and builders are holding on to the selling price of their properties due to the ongoing monsoon but post-monsoon, prices would nose-dive 15-20%. Builders and property consultants preach that monsoon season is considered to […]
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Also tagged Akruti, Bangalore, Bank Loans, Jones Lang Lasalle, Land Acquisition, Land Deals, Monsoon Season, Mumbai, Property Consultants, Real Estate, Real Estate Developers
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Kumar Builders stood tall at the Pune Real Estate Summit & Excellence Awards 2008 presented by Amicus Enviro Consultancy, a Delhi-based environment consultancy firm, at a function at Le Meridien on Saturday evening. As many as 28 companies vied for honours for the prestigious awards. Amongst the big names in the nominees were Kumar Builders, […]
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Also tagged Behl, Dlf, Environment Consultancy, Kruti, Kumar Builders, Mudaliar, Paranjape Schemes, Pune Real Estate, Real Estate Marketing, Retail Project, Vascon
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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 […]
Real estate giant Unitech Limited is likely to finalize by the end of June the entity which will pick up a 25-30 % stake in its new telecom venture. The country’s second largest real estate developer by market capitalization, which has been awarded start up spectrum in five telecom circles, will open next week the […]
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Also tagged Global Telecom, Market Capitalization, Mobile Operators, Mobile Subscribers, Mtn, Telecom Business, Telecom Circles, Telecom Firms, Telecom Italia, Telecom Market, Telecom Venture, Telenor, Unitech
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MUMBAI: City based real estate developer Prozone Enterprises has sold a 27% stake in its subsidiary to Triangle Real Estate India Fund for a total consideration of Rs 457 crore. The subsidiary holds stake in four projects that are being developed in Aurangabad, Indore, Nagpur and Jaipur covering approximately 16 million sq.ft. Prozone Enterprises, is […]
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Also tagged Architectural Design Services, Car Park Management, Commercial Complexes, India Fund, Kotak Mahindra, Mall Management, Mumbai City, Nagpur., Property Investments, Prozone, Realty Fund, Triangle Real Estate
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NEW DELHI: Real Estate Developer Damac Properties announced on Monday that it has tied up with 60 agents in the country across metros and Tier I cities to market and sell their regional properties to the Indian investors. “We are proud to have signed on 60 agents in India. As demand is high, we wanted […]
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Posted in Property Events, Property News
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Also tagged Agents, Damac, Damac Properties, Delhi Real Estate, Indian Investors, Metros, New Delhi, Ocean Heights, Riddoch, Saudi Arabia
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February 16, 2008 – 5:44 am
MUMBAI – Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said. Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict […]
February 13, 2008 – 4:05 am
Progress in the Indian real estate sector represent the shifting appearance of nation and it is a mirror image of the growth in the Indian economy brought about by soaring rates of GDP and also by India’s incorporation with the worldwide economy, said K. Nath, Union Minister of Commerce and Industry. He was giving speech […]
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