Healthy office space absorption in 2011-2012 inspite of slowdown in GDP, However 2012-13 seems bleak. Currently, the top seven cities of India that is Mumbai, National Capital Region, Bangalore, Pune, Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space. During 2010-11, a total of 38 mn sq.ft of new space was […]
The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market. Following are the key takeaways of the report: – Chennai leads the market in terms of number of units […]
Mirah Group, a diversified business group with interests in food and beverage (F&B), hospitality, travel and international trading, is scaling up its real estate business and consolidating it under a single entity, said a top executive. The group, which runs popular restaurant chains and food stores including Rajdhani, Mad over Donuts and Manchester United Cafe […]
October 9, 2009 – 12:27 pm
Residential real estate prices are going up. In the last three months, prices of affordable apartments have appreciated by around 10% across the country. Anshuman Magazine, MD – real estate consultancy firm CB Richard Ellis – South Asia, said, “With improvement in the sentiment in the economy, transactions in the affordable range of residential real […]
October 5, 2009 – 1:16 pm
Realty industry is all set to be lift up this Diwali. At least 12 public offerings, a slew of new projects and the return of private equity funds that had turned away proposals due to the global slowdown last year. ‘After weathering the worst funds crisis for one and half year, the realty sector has […]
September 16, 2009 – 10:55 am
The revival of riches in the real estate sector has encouraged textile companies with huge land banks to enter into property development. Among such companies are textiles major Bombay Dyeing and Century Textiles. Golden Tobacco, manufacturer of the Panama and Chancellor cigarette brands, is also considering to have its real estate arm to utilize its […]
August 20, 2009 – 2:08 pm
Piramal Sunteck Realty purchased two plots in Navi Mumbai for more than thirty-one crore rupees. In all five plots, measuring around eleven thousand square meter were put on the block by the City and Industrial Development Corporation (Cidco) for a total cost of eighty crore rupees. Piramal Sunteck had put in a bid for all […]
August 11, 2009 – 6:55 pm
HDFC chairman Mr. Deepak Parekh said that there is need of real estate regulator at state level to deal with issues concerning the housing sector. He pointed out that the Government should layout an institutional framework for a real estate regulator. Regulators’ role would be to regulate the affordable housing agenda, promote real estate reforms and ensure transparency […]
Diversified equity mutual funds are betting big on realty, the best performing category in the past one month. The construction segment has shown the highest growth in exposure in value terms in May spurting 95.53% to Rs 7565.76 crore. Construction has now emerged as one of the most favoured sectors for mutual funds and now […]
August 30, 2008 – 5:04 am
Real estate investment division of JP Morgan Chase is possibly to pick up about 18% stake in Core Hotels Ventures for one hundred crore rupees with the Foreign Investment Promotion Board clearing the proposal. The suggestion of J P Morgan India Property Mauritius Company II will now go to FM P Chidambaram for final authorization.
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Also tagged Asset Management, Final Authorization, Foreign Investment Promotion Board, Hotel Maintenance, Hotels In Hyderabad, India Property, Investment Banking, Investment Promotion Board, J P Morgan, Jp Morgan, Jp Morgan Chase, Private Banking, Real Estate Investment
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The latest battle in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources said that the […]
PUNE: On April 10, the Promoters and Builders Association of Pune (PBAP) pronounced that property prices in the city would be hiked by Rs50-400 per square foot from April 20 onwards, giving potential buyers ten days to take benefit of the then existing rates. But the buyers rejected to take the bait and sales are […]
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 […]
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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, Real Estate, US
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February 26, 2008 – 6:38 am
Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors. As part of the plan, Eldeco has already raised some funds from Xander PE. Sources said group company Eldeco Infrastructure & Properties (EIPL) was in the market for […]
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