Suffering from low margins, Indian developers are entering fresh businesses like retail and hotel to expand revenue stream and offset slowing demand for real estate projects due to six year high lending rates and severe financing norm. Below are a few recent investments in the hospitality sector
Yatra Capital, a Jersey-based private equity firm, will invest [...]
By manish
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Posted in Real Estate News
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Tagged Casino Group, Copthorne Hotels, Dlf, Hilton Hotels, Hospitality Group, Hospitality Sector, Hotel Investment, Lotus Hotel, Nirmal Lifestyle, Parsvnath, Private Equity Fund, South Indian Cities, Taj Hotel, Warburg Pincus
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In the midst of a general slow down in the Indian real estate market, TAIB Bank, a leading private bank based in Bahrain, has picked up a 26% stake in Anant Raj Projects for Rs 216 crore. The deal, one of the first Shari’ah-compliant transactions in the Indian real estate industry, puts the valuation of [...]
It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer [...]
By manish
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Posted in Real Estate News
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Tagged Bookings, China, Chinese Rules, Developers., Land Banks, Mortgage Payments, projects, Realty, Realty Firm, Residential Complexes, Residential Property, Scrutiny
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Tech Mahindra announced a capex plan of Rs. 638 crore ($150 million) for next three years, 60% of which will go as investments in physical infrastructure such as buildings and real estate while 40% will be used for enhancing technology.
The company plans to open new centres in Belfast (Ireland), Milton Keynes (UK), Chandigarh and Kolkata.
Builders would face hefty fines if they do not set aside 15% space in their housing projects for the economically weaker sections (EWS). The ministry of housing has asked states to crack down on developers who violate EWS reservation. Repeated failure to implement the policy may also result in government taking back land allocated for [...]
Bullish about the Indian infrastructure sector, United Engineers Malaysia (UEM) Builders, the entirely owned subsidiary of Khazanah National Berhad, an investment division of the Malaysia government has showed keen awareness to invest in infrastructure projects for example expressways, real estate and bring in their expertise in waste management. UEM has already made investments of over [...]
Donald Trump Jr., whose father built a multi-billion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation’s economic growth.
New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to tap [...]
By Rajani
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Posted in Real Estate News
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Tagged Donald Trump Jr, Hotel Project, India Property, Mumbai, Organization Inc, Property Acquisitions, Property In India, Reliance Industries, Reliance Industries Ltd, State Bank Of India, Stocks Bonds
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With real estate stocks being hit adversely by the market slowdown, the phenomenon is expected to have a spiraling effect on hospitality development in India. Most real estate majors with a series of hospitality developments in their portfolio are affected by this trend. This may lead to a stall or delay in the completion of [...]
By Rajani
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Posted in Real Estate News
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Tagged Alteration, Decline, Development Finance, Downfall, Finance Company, Financial Market Analysts, Hospitality Consultants, Hospitality Developments, Hotel Development, Hotel Projects, Idfc, Infrastructure Development, interest rates, Liquidity, Majors, Market Slowdown, Phenomenon, Project Expenditure, Share Prices, stocks
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