Author Archives: manish

Prospect Of Real Estate In Jharkhand

August 11, 2008 – 12:45 am

Situated on the eastern part of Jharkhand, Dhanbad is fast rising, as a center of real estate business after Ranchi and Jamshedpur. It has a cosmopolitan culture as people from different parts of the country, mostly Gujarat and South India, have settled here because of the presence of Bharat Coking Coal (BCCL). This is the [...]

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Investment Agreement Between India And EFTA

August 11, 2008 – 12:34 am

The proposed trade and investment agreement between India and the European Free Trade Association (EFTA) — including Switzerland, Norway, Iceland and Liechtenstein — is likely to be in place by the middle of next year. Swiss ambassador to India Dominique Dreyer said that the pact will give a big boost to trade and investment between [...]

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British Realty Aiming Indian Investors

August 7, 2008 – 11:57 pm

British realty developer The Berkley Group is aiming Indian investors with its two exclusive London properties in the price range of Rs 2-8 crore per flat. It has coupled with global property consultant Jones Lang LaSalle Meghraj (JLLM), which sees investment by wealthy Indians in British residential properties growing up to 15 billion pounds by [...]

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New Investment Rules For Venture Capital And Private Equity

August 7, 2008 – 1:24 am

The government may soon come out with new investment norms for venture capital (VC), private equity (PE) and hedge funds to make their operations transparent and create a level-playing field for both the domestic and foreign players.
Joint secretary in the finance ministry KP Krishnan said government is likely to revisit norms for VC funds and [...]

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Slowdown In The Real Estate Due To Slowdown Of The Economy

August 6, 2008 – 4:23 am

The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year.
During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield (C&W) [...]

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NBCC To Develop 38-Acre Township At Mozakulai Near Howrah

August 5, 2008 – 3:38 am

Burn Standard Company Ltd is looking to raise funds by unlocking the value of its real estate property in Alipore.
The land, which National Buildings Construction Corporation Ltd (NBCC) is set to buy at the current market rate, will be valued by an independent agency. NBCC plans to develop the plot for a premium housing complex.
The [...]

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Hotels In Chennai And Kolkata By ITC

August 4, 2008 – 1:15 am

ITC is ramping up its hospitality business with new hotels in Chennai and Kolkata. The tobacco-to-snacks major would build a 1.2 million sq ft hotel in Kolkata at an estimated investment of Rs 860 crore and has already started work on the 600-room property ‘Grand Chola’ in Chennai.
Besides, ITC has bought land for building hotels [...]

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Alchemist Group Will Invest Rs 1,300 Crore In Hospitality Sector

August 2, 2008 – 7:14 am

The Chandigarh-based Alchemist Group is planning a big bang foray into the hospitality sector with an investment of Rs 1,300 crore over the next two years. The plan includes a huge fine dining, quick services restaurant chain and five-star hotels.
The Rs 7,000-crore conglomerate, which has interests in real estate, food processing, healthcare, pharma and aviation, [...]

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Kolkata Realty Losing Charm

August 1, 2008 – 5:54 am

Realty firms seem to have lost their appetite for properties in Kolkata, where developers such as Emaar MGF Land Ltd and DLF Ltd were fighting to secure plots for building luxury hotels.
For the first time, a tender to lease out a prime 10-acre plot on the western fringes of the city is being scrapped because [...]

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Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09

July 31, 2008 – 4:48 am

Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations.
Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income segment [...]

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