Monthly Archives: March 2008

Akruti Plans Foray In Middle East, Other Indian Cities

March 31, 2008 – 5:45 am

Real estate firm Akruti City Ltd plans to make its first international foray in the Middle East later this year, with projects in both residential and commercial segments. Mr.Vyomesh Shah Managing Director of Akruti said, “We had sent our team to study the Middle East market and they came back with very encouraging growth prospects”.

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Triangle RE fund to raise $500 m for Indian realty

March 31, 2008 – 5:45 am

To cash in on the growth of organised retail in India, UK and South Africa-based real estate investment groups have launched retail property focused Triangle Real Estate Fund (TREF) for India. The $500 million fund will be routed through Mauritius and will be managed by Property Zone - a joint venture between Old Mutual Investment [...]

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Rani Mukherjee caught in Land Scam

March 29, 2008 – 8:34 am

Actress Rani Mukherjee will have to pay Rs 66 lakh to the Maharashtra state government to get back ownership of a plot that she had ‘purchased’ from a real estate agent in Shirdi.

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Amrapali Group Invests In Hotel Projects

March 29, 2008 – 2:28 am

Amrapali Group, a UP-based real estate developer, will be investing about Rs 600 crore in different hotel projects in 2008. These hotel projects are under different levels of construction in different parts of India, primarily the north Indian cities, like Bareilly, Vrindavan, Greater Noida, Udaipur, Indore and Jaipur. The upcoming properties will comprise all categories, [...]

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Deutsche Bank Picks Up 40 Percent Stake In Ramprastha

March 29, 2008 – 2:27 am

Deutsche Bank has raise up close to 40 percent stake in Ramprastha Promoters and Developers. Ramprastha Promotors and Developers is a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR).

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Wait and watch before investing

March 28, 2008 – 3:13 am

An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.

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Rahejas challenge Goa Govt’s order to scrap SEZ

March 28, 2008 – 3:11 am

Rahejas, the real estate major, has challenged the Goa government’s decision to scrap the approved SEZ before the Bombay High Court. A senior company official said, “We have already made it clear that our SEZ was non-polluting and as such has no reason for the government to stop it. We have invested a lot of [...]

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Bangalore’s growth is filling profit in its pocket

March 26, 2008 – 6:21 am

On analysis of the growth pattern of Bangalore, we witness a push for developments in the North of Bangalore comprising of Banaswadi, Peenya Industrial estate, Yashwantpur and Yelahanka. The growth shift has been attributed to the development of International airport in Devanahalli. The road from Bellary road to Yelahanka is witnessing rapid residential development. Prices [...]

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Asian and European market are about to fall like US

March 25, 2008 – 6:51 am

As per the experts, real estate market in india, china, and european countries are going to be attractive because of th edownfall in US and this is creating Asian market more attractive to do business. But is this really going to be the exact picture as per the experts or the aftermaths are goin to [...]

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Weak market to take toll on Real Estate

March 25, 2008 – 4:19 am

MUMBAI:Monday the stock exchange goes down by 950 points made the real estate industry jittery and on edge.Its really a bad news for the property investors to know the way market is reacting these days and really they would be facing some more problems till it become stable atleast.
Pujit Aggrawal Developer from Orbit explains that [...]

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