August 30, 2008 – 6:18 am
Sobha Developers Ltd has announced that the Company enters in Real Estate Project “Sobha Scarlet” in Mysore on August 29, 2008. This will be developed in 14.2 acres of Land.
This project will have 83 villas, out of which 49 villas will be in phase 1 of the project with 3 & 4 Bed Room with [...]
By manish
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Posted in Real Estate News
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Tagged Amenties, Carrom, Club House, Multi Purpose Hall, Mysore, Real Estate Project, Scarlet, Sobha Developers Ltd, Spa, Squash Court, Swimming Pool, Tennis Court
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August 30, 2008 – 6:14 am
Kuwait Finance House, the Gulf state’s biggest bank by market value, said it will invest $275 million in a real estate project in China as part of plans to boost its exposure to Asia.
KFH has signed a deal with China’s Nan Hai Corp to invest in the $3 billion Peninsula real estate development through its [...]
By manish
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Posted in Real Estate News
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Tagged Asia, China, Invest, Investments, Islamic Bank, Kfh, Kuwait Finance House, Nan Hai Corp, Peninsula, Project Finance, Real Estate Development, Real Estate Project
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August 29, 2008 – 2:19 am
As India continues its scorching pace of economic growth, many sectors that were not historically favoured by the government are gaining prominence. One such sector is real estate, which has a large employment generation potential and is a significant source of tax revenue. Additionally, this sector has attracted a large amount of foreign investment in [...]
By Rajani
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Posted in Real Estate News
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Tagged Ambiguities, Complexities, Construction Activities, Contract Sales, Economic Growth., Employment Generation, Expanding Service, Foreign Investment, Immovable property, Indirect Tax, Indirect Taxes, K Raheja, Latest Addition, Prominence, Real Estate Sector, Residential Apartment, Residential Complexes, Sales Tax, Tax Act, Tax Authorities
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August 29, 2008 – 2:17 am
Shriram Properties, the real estate arm of Rs 25,000 crore Shriram Group, would launch two separate subsidiaries to promote projects in retail and hospitality segments, a top official of the company said.
M Murali, managing director of Shriram Properties, said the company would develop 15 shopping malls and 70-80 budget hotels in the next 3-4 years [...]
By manish
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Posted in Real Estate News
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Tagged Affordable Housing, Bangalore, Budget Hotel, Budget Hotels, Foray, Global Players, Hospitality Projects, Hotel Projects, Housing Units, Managing Director, Shopping Malls, Shriram Properties, Strategic Partners, Vizag
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August 28, 2008 – 5:45 am
DLF Ltd, India’s biggest listed property developer, has sought shareholders consent to raise up to one hundred billion rupees by selling shares to institutional investors.
The New Delhi-based company said in its yearly report for a shareholders meeting on Sept. 30 it estimated to complete the share sale within 1 year of getting shareholder consent.
“This is [...]
By manish
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Posted in Real Estate News
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Tagged Bse Index, Dlf, india, Initial Public Offer, Initial Share, Institutional Investors, Market Slide, New Delhi, Property Developer, Property Singapore, Property Trust, Shareholder, Shareholders Meeting, stock market
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August 27, 2008 – 2:58 am
Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India.
The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory filing [...]
By manish
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Posted in Real Estate News
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Tagged Combined Development, Four Star Hotels, India Real Estate, Indian Cities, Indian Partners, Joint Venture, Jv, Kochi, London Stock Exchange, Plaza Centers NV, Property Developer, Residential Accommodation, Retail Complexes
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August 27, 2008 – 2:54 am
Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval.
Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed close to $10 billion to India, according to lawyers involved [...]
By Rajani
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Posted in Real Estate News
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Tagged Asset Price Bubble, Bank Of India, Capital Inflows, Financial Sector, Foreign Direct Investment, Hiccups, Hirani, India Entry, Market Participants, Policymakers, Private Equity Firms, Real Estate Sector, Regulators, Reserve Bank Of India, Sebi, Venture Capital Firms, Venture Capital Funds, Venture Capital Investment, Venture Capital Investments, Venture Funds
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August 26, 2008 – 4:57 am
The explosion in commodities and retailing will result in Indian warehousing sector increasing at the rate of 35% to 40% yearly to become fifty-five billion dollar industry within three years.
By that time the country would have about forty-five million square feet warehousing space and more than a hundred logistics parks.
As said by the report by [...]
August 26, 2008 – 4:55 am
Realty firm Raheja Developers said it would invest about four thousan five hundred crore rupees to develop an engineering SEZ in Gurgaon over the next three to five years.
This project, which is expected to create job opportunities for around fifty thousand people (including both direct and indirect) is said to have a potential to generate [...]
By manish
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Posted in Real Estate News
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Tagged Agricultural Land, Debt Equity, Food Grains, Gurgaon, Job Opportunities, Land Acquisition, Landowners, Northern India, Raheja Developers, Realty Firm, special economic zone
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