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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Hyderabad : With the rejection by Andhra voters of the Telengana Rashtra Samiti, real estate business is now picking up again in Hyderabad after the recent elections.
The non-residents of India (NRI)’s and the foreign direct investors have started taking interest in the real estate because the demand for a separate State does not seem to [...]
By manish
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Posted in Property News
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Also tagged Banks, Boom, Elections, Estate Business, Hyderabad, India, Investments, Investors, Non Residents, NRI, Polls, Rate Of Interest, Telengana
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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 [...]
By manish
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Posted in Property News
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Also tagged Akruti, Bangalore, Bank Loans, Jones Lang Lasalle, Land Acquisition, Land Deals, Monsoon Season, Mumbai, Property Consultants, Real Estate Developer, Real Estate Developers
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Bangalore: Bangalore-based In4velocity Systems, India’s foremost real estate and property development software firm, pronounced that Mumbai-based Kanakia Spaces, a well-known name in the real estate industry, has successfully implemented its market leading ERMS application, In4Suite, across its different construction projects over the period of six months. The overall deal value is expected to be above [...]
Trashing the age-old belief that a fall in equities would result in flattening real estate prices, high net worth investors (HNI) are pushing wealth advisers for more exposure to realty assets.
According to industry sources, the coming months are expected to witness the launch of real estate portfolio management services (PMS) by wealth managers. Though the [...]
MARATHON NEXTGEN Realty Limited, a leading real estate company, has posted a 37.3% rise in net profit for the financial year ended March this year. It amounts to about 62 crore rupees. Total revenue grew by 23%, about 120 crore rupees, over Fiscal year 2006-2007.
Emaar MGF Land Ltd, one of the leading real estate developers in the country has launched ‘Boulder Hills Golf & Country Club’- an integrated world class leisure and residential community in Hyderabad. The Rs 5,610-crore project will have residential, commercial and retail space, IT parks and special economic zones, luxury and boutique hotels. It will [...]
By manish
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Posted in Property News
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Also tagged Boulder Hills, Economic Zones, Emaar Mgf, Golf Country Club, Golf Course, Golf Course Architect, India Pvt Ltd, Project, Real Estate Developers, South India, Tirupathi
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On 21st many Real Estate TV (RETV), a round the clock channel committed to infrastructure & realty had appointed Prem Kumar Menon as a its CEO
Menon having twenty seven years of prosperous media and marketing experience and prior to joining Real Estate TV, he was working as COO of a media group in Chennai, the [...]
Global real estate consultant DTZ announced on 21st may that it has appointed Anshul Jain the CEO of India operations with effect from August 1.
“As we continue to successfully grow our India business, I am delighted to welcome Anshul to guide the team. The move demonstrates DTZ’s promise to the India story as we continue [...]
MUMBAI: The Ajmera group-controlled Shree Precoated Steels, which has interests in real estate and steel, has taken a decision to hive off its steel business into a separate company. This will be a reverse merger as the Mumbai-based group had earlier merged its real estate assets with Shree Precoated Steels.
The group will rename Shree Precoated [...]
By manish
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Posted in Property News
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Also tagged Demerger, Estate Assets, Estate Projects, Ghatkopar, Jolly Brothers, Kanjur Marg, Precoated Steel, Residential Space, Special Purpose Vehicle, Steel Business, Steel Sheets
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ICICI Venture, the private equity wing of ICICI Bank, plans to raise three billion dollar from its 2 funds including equity and a real estate fund.
A senior ICICI Venture executive told that they will raise $1.5 billion from both these funds.
The ICICI Venture executive said the company expects to generate most of the investment for [...]
By manish
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Posted in Property News
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Also tagged , Economy, Economy Sectors, Equity Fund, Europe Canada, Goldman Sachs, ICICI, Investment Banking Firm, Private Equity Investment, Rbi., Real Estate In India, West Asia
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Zirakpur, Chandigarh, April 24 : The Piya Charitable Trust and Foundation, Chandigarh, has taken the initiative of providing at no cost primary education to the children of construction workers in Savitri Enclave at Zirakpur.
In addition primary education, it also make available healthcare facilities, nutritious diet, study material, uniform and vocational training for the rehabilitation of [...]
The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market for luxury real estate developers, are developing cold feet.
With the US property market witnessing a correction due to subprime crisis, the NRIs are expecting [...]
By Rajani
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Posted in Property News
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Also tagged africa, Ansal, australia, buy, buyer, demand, India, indian government, luxury, Market, Mumbai, non resident indian, NRI, PIO, pravasi bharatiya divas, property, Realty, US
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Mumbai Real estate developers on Friday demanded an inquiry into the rise in steel prices and warned that if the prices were unchecked, plans for the Commonwealth Games 2010 would be hindered and would hit the residential construction business. Members of the Builders Association of India (BAI) met here and sought a probe by the [...]
Real Estate Opportunities Ltd (REO.L) reported profit before tax for fiscal 2007 compared to pre-tax loss last year, mainly on higher interest receivable and similar income.
For fiscal 2007, the company reported that it swung to pre-tax profit of £25.59 million from year ago loss of £20.45 million, largely helped a jump in interest receivables and [...]
Bids have been invited by the Noida Authority To set up nine hotels nears the Taj -Agra expressway. The authority has a plan to set up three 5-star, four 3-star, and two 4-star hotels in this project.
This bid is going to open on April 24 with a reserve price fixed by the authority of 77,000 [...]
The government today issued guiding principle on big-ticket transforms to the foreign direct investment (FDI) norms that were decided by the Union Cabinet on January 30.
It, however, remained quiet on clarifying a change in rules for FDI in real estate, maybe due to fear of larger capital inflows.
The move to delink the FDI provisions from [...]
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