October 4, 2008 – 12:56 am
Entering the market in possibly the toughest time, the GMR Group has invited bids for building hotels at its proposed 45-acre hospitality district near the upcoming airport in Delhi.
The Delhi International Airport Pvt Ltd (DIAL) had planned to raise Rs 2,750 crore from this district in 2008 when the plan was first floated and then [...]
By Rajani
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Posted in Property News
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Also tagged Acre Plot, Ahead, Bidders, Budget, Conference Hotel, Controversy, Crunch, Delhi Airport, Delhi International, Financial Markets, Gmr Group, Hospitality, Hotels, India, Infrastructure, Security Deposit
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September 25, 2008 – 12:25 am
Expecting huge value erosion in the realty space, corporates have started to float new funds to acquire assets in the domestic property market.
Corporates such as the Aditya Birla group, GMR Infrastructure, Akruti City, Bangalore-based Nitesh group and Saffron Advisors have either floated or are in the process of floating funds with corpus ranging between Rs [...]
By Rajani
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Posted in Property News
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Also tagged Aditya Birla Group, Capital Management, City Bangalore, Corporates, Dcm, Deutsche Capital Management Ag, Domestic Banks, Due Diligence, European Investors, India Real Estate, Initial Response, Maximum Limit, Nitesh Shetty, Saffron, Vimal Shah
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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, Pune, Puravankara Projects, Raw Material, Realty Firms, Tier Ii
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September 1, 2008 – 5:52 am
Singur may be grabbing headlines, but it isn’t the only project where the West Bengal government has ‘landed’ itself in a mess. Another storm is developing just 20 km away from Singur, where DLF is growing annoyed with its proposed Dankuni township.
The real estate giant has threatened to pull out of the thirty three thousand [...]
By manish
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Posted in Property News
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Also tagged Dankuni, Development Minister, District Administration, Dlf, Estate Projects, Ppp Project, Public Private Partnership, Singur, Township Project, Urban Development, West Bengal Government
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Real estate companies observes their cost of borrowing rising by 1% age point as the central bank has increased the repo rate by 0.5 % and cash reserve ratio by 0.25 %.
The rate hike will push up the corporate lending rates. This, in turn, is anticipated to further strain the balance sheets of realty companies, [...]
By manish
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Posted in Property News
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Also tagged Akruti City, Angel Broking, Cash Reserve Ratio, Corporate Profitability, Housing Projects, Indian Cities, Jharkhand, Power Projects, Property Arm, Property Transactions, Realty Companies, Realty Development, Repo Rate
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Delta Township just built a brand new library that recently opened. It has plenty of events being offered this year for all ages. Delta has been a thriving and dynamic community that supports education, planned growth, safety and a positive community.
Delhi Township has mastered the art of balancing development and quality of life. Delta Township [...]
By Rajani
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Posted in Property News
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Also tagged Buying A Home, Delhi Township, Delta Township, Dynamic Community, Exemplary Schools, Growth Safety, Home Buyer, Housing Market, Investments Opportunities, Long Term Investment, Media Articles, New Library, S High School, Workouts
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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, Pune, Real Estate Investment, Residential Property, small developers
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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 Hotels) [...]
By manish
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Posted in Property News
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Also tagged Bansal, Five Star Hotels, Gian, Group Ceo, Hospitality, International Hotel Chain, Jw Marriott, Marriott, Marriott Hotel, Real Estate Developer, Rs 500
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Credit crunch and economic uncertainty have taken their toll on the global property market, with transaction volumes falling by 46% in the first quarter, according to a property report.
Investment throughout Asia and other emerging markets continued to grow, as sales of major commercial properties globally totaled $154 billion (Dh565bn) in first quarter against $283bn of [...]
Summer is over but the temperature is still rising, particularly at the Philippine Real Estate Festival as it presents 24 gorgeous young women vying for the title of Miss Real Estate Philippines on July 25 at the SMX Mall of Asia.
The second annual beauty pageant intensely screened over 200 young women before coming up with [...]
By manish
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Posted in Property News
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Also tagged Basa, Beauty Pageant, Bikinis, Finance Institutions, Mall Of Asia, Outreach Projects, Philippine Economy, Philippines, Real Estate Asia, Rosemarie, Young Women
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In a move that could help curb hotel room crisis ahead of Commonwealth Games 2010, the government is considering relaxing entry restriction for foreign players in construction of hotels and resorts. It is looking at a suggestion to bring down minimum development rule of real estate from existing 50,000 sq feet to 20,000 sq feet [...]
By manish
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Posted in Property News
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Also tagged Ahuja, Arcades, Cabinet, Commonwealth Games 2010, Dipp, Entry Norms, Foreign Investment., High Interest Rates, Hospitality Sector, Indian Hospitality, Influx, Investment Commission, Real Estate Sector
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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 Vietnam.
The [...]
Engineering and construction, L&T, currently has real estate projects worth $2 billion in hand, said sources familiar with its plans. Most of these projects are in the form of special purpose vehicles, joint ventures and contracts. The SPVs also include a Rs 2,500 crore project in Chandigarh, sources told.
Separately, Larsen & Toubro announced that it [...]
Increasing interest rates and a declining demand may dent the realty market in India. However, the long-term forecasts for the sector continue to be good, senses the industry.
At a seminar on the real estate market in India here on 27th June, most of the realty players confessed that there was a liquidity crunch due to [...]
By manish
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Posted in Property News
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Also tagged Hedge Funds, Investing In India, Local Markets, Long Term Forecasts, Management India, Pension Funds, Private Equity, Property Management, Realty Market, Saffron, Term Investors, Term Prospects
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Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market.
Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make up [...]
By manish
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Posted in Property News
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Also tagged 100 Basis Points, Bank Of India, Demand Slowdown, Housing Loan, Inflation, Interest Rate, Interest Rates, Managing Director, Quarters, Reserve Bank Of India, Ubs
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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 [...]
By Rajani
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Posted in Property News
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Also tagged Board Meeting, Gainer, Grapevine, Jaipur, Kota, Legal Dispute, Little Time, Managing Director, Market Sources, Necessary Approvals, Rs 200, Shree, Stock, Supreme Court, Surplus Property
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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 Estate [...]
By manish
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Posted in Property News
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Also tagged Delhi Ncr, Gurgaon, India, Prudential Financial, Prudential Financial Inc, Prudential Forms JV, Prudential Real Estate Investors, 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 and [...]
By Rajani
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Posted in Property News
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Also tagged , AIG, asset, buy, Citi venture, Foreign investor, Fund, India, Land, Market, Mumbai based real estate, Real Estate Developers, Slowdown
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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 [...]
The GMR Group-backed Delhi International Airport’s (DIAL) plans to develop a 45-acre hospitality district in the capital has hit an air-pocket. Airports Authority of India (AAI), which owns 26% in DIAL, is unwilling to raise the required fund of one thousand crore rupees for the proposed real estate development.
It was decided that all the stakeholders [...]
By Rajani
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Posted in Property News
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Also tagged Aai, Aerotropolis, Airports Authority Of India, Commonwealth Games, Dapl, Delhi, Delhi Airport, Fraport, Gmr Group, Government Official, Hospitality Project, Hotel Complex, Land, lease, Revenue Generation, Room Hotel, Security Deposits
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