Author Archives: manish

Sarovar Hotels And Resorts Plans To Add 33 Hotels

September 9, 2008 – 3:18 am

Sarovar Hotels & Resorts plans to add nearly one lakh rooms by 2012.
It plans to add 33 hotels to the existing 35 in the next four years. “We are a multi-brand hotel management company and given the growth potential in the mid-market hotel segment, our group will continue to focus on it,” said Ajay K. [...]

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Axa REIM Sets Up Asian Headquarters

September 8, 2008 – 1:13 am

Axa Real Estate Investment Managers (Axa REIM) has set up its Asian headquarters in Singapore.
About 18 months after making its strategic move into Asia, Axa REIM has already invested nearly 25% of the $2 billion committed by its clients in the region. The new operations in Singapore are expected to help further build Axa REIM’s [...]

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Real Estate Still Attracting Investors

September 6, 2008 – 6:25 am

Wealthy Indians are increasingly looking at land as a preferred investment avenue as volatile markets limit their options of asset classes.
About 48% of the high net worth individuals (HNIs), both in India and abroad, with investable assets ranging from 500,000 pounds to 30 million pounds (Rs 4 crore - Rs 240 crore), is looking to [...]

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Big Bazaar Targeting Network Of 145 Stores By June 2009

September 5, 2008 – 3:41 am

Retail chain Big Bazaar plans to open 15 more stores by November end, some of them in new markets, at an investment of Rs 1,500-1,600 crore.
With this, Big Bazaar, a subsidiary of the Kishore Biyani-spearheaded Pantaloon Group, will have 112 stores pan-India by November, a top company official said.
Big Bazaar is targeting a network of [...]

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Cement Companies Transform Product Mix

September 3, 2008 – 9:30 am

With increasing cement supplies to north India, companies dependent on this market are changing their product mix from portland pozzolana cement (PPC) to ordinary portland cement (OPC) to sustain growth. OPC is used for roads and infrastructure while PPC is used in real estate projects.
Shree Cement managing director HM Bangur, who runs the largest single-location [...]

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Eighty Percent Of The Total Constructed Area For Financial Services In Mumbai

September 2, 2008 – 6:35 am

MUMBAI: India’s hottest property market, Mumbai, could see some shakeup in the commercial realty space. In a significant development, the Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At [...]

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Investors From China and India Take More Risks

September 1, 2008 – 5:51 am

Investors in rising markets such as China and India have a much greater desire for risky investments than their counterparts in developed markets, new research has shown.
Wealthy investors in developing nations are more likely to increase the level of risk to their portfolio, with 43% of those in the United Arab Emirates, which contains Dubai, [...]

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Sobha Scarlet In Mysore

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 [...]

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KFH To Invest $275 Milliion In Real Estate Project

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 [...]

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Shriram Properties To Develop 15 Shopping Malls And 70-80 Budget Hotels

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 [...]

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