September 11, 2009 – 4:11 pm
Navi Mumbai is the best place to invest in commercial real estate. Commercial options in Navi Mumbai span a huge price band. Growth of the residential segment in Navi Mumbai, before that of the commercial segment, actually works out in favour of the end-user.
Commercial real estate in Navi Mumbai comes at competitive prices along with other options in the Mumbai metropolitan region, with the benefits of being located in a well-planned city.
IT/ ITeS SEZs and businesses that have anything to do with rail/road transport and logistics or shipping, are proving to be the next big segment in Navi Mumbai’s commercial spectrum.
September 11, 2009 – 1:19 pm
Real estate prices are unlikely to go up in the next six-months and the industry may witness huge volumes of sales of residential properties.
According to Mr. Niranjan Hiranandani , MD of Hiranandani Group of Companies, “There is a huge improvement in real estate and prices will not increase, at least for the next six months.
Further he said that in the last two months, they have seen sales of almost eight thousand apartments in the Mumbai region alone, spread in all sectors of the real estate market, but especially focused on the lower segment. But they see across-the-board increase in demand.
September 9, 2009 – 7:04 pm
Andhra Pradesh government is continuously working on the resource mobilization. They have planned to raise three thousand crore rupees from sale of lands. In the review meeting, it was felt that the economy was showing the signs of recovery. The Chief Minister asked the officials of Andhra Pradesh Industrial Infrastructure Corporation and Hyderabad Metropolitan Development Authority to prepare proposals in this regard.
September 9, 2009 – 11:36 am
Entertainment World Developers Pvt Ltd said that it would invest two thousand crore for setting up 20 malls across India under its rent-free revenue sharing concept for emerging brands.
Mr. Manish Kalani, EWDPL Chairman and Managing Director said, “We will invest Rs 2,000 crore for setting up twenty malls spread across 1-million square feet in 11 states and 20 cities by 2011. Around Rs 800 crore will be raised by way of private equity and the remaining will be debt”.
The company will enable manufacturers and emerging brands to showcase their products and brands in all its 20 malls.
September 7, 2009 – 1:52 pm
National Housing Bank (NHB) aims to cover all cities with population of over one million under its NHB Residex, which is the country’s first official residential property price index.
Currently, the NHB Residex gives relative movement of residential property prices in different localities in fifteen cities.
According to Mr S. Sridhar, Chairman of NHB, “By the end of next year, we want to cover sixty-three cities — all cities with over one million population”.
He also said that NHB Residex will be available on a half-yearly basis from now. The values for the index are derived from the market, and not from Government data.
September 7, 2009 – 1:35 pm
HDFC Property Ventures and Temasek are in talks to invest about Rs 625 crore in the Bangalore-headquartered Prestige Group, as cash-hungry real estate companies continue to tap private equity funds to meet critical funding needs.
HDFC’s real estate fund along with Singapore’s Temasek is in discussions with Prestige, which is seeking a valuation of $1 billion for its business. But the deal could take some time to fructify as both sides need to iron out a number of issues, including pricing.
Prestige Estates is seeking a valuation of about $1 billion. It is not clear if Temasek and HDFC are willing to do a deal at that price. They may look at something between $800 million and just under $1 billion.
The two funds may jointly pick up a little over 15% stake in Prestige Estates Projects, valuing the holding entity of the southern real estate major anywhere between $800 million and $1 billion.
September 4, 2009 – 5:19 pm
Amrapali Group has announced plans to invest Rs.15,000 crore in coming 5 years to develop various projects across the country.
It is also considering coming out with IPO within this financial year if the global market scenario improves.
Amrapali group announced the launch of a 400-unit housing project in Ghaziabad with an investment of Rs.125 crore.
Besides the National Capital Region, the group has presence in 27 cities.
September 4, 2009 – 12:04 pm
Due to the major hike in property prices in metros most of the people are showing interest for small cities. The new name in this list is the Neharpar city in Faridabad. Buyers as well as developers are started looking at Neharpar as the emerging real estate investment destination. It is supposed to become the big realty junction of NCR in near future. The development work is going on its best in this city and the most attracting point is that prices are much affordable.
