LONDON - India-centralized real estate investment company Ishaan Real Estate Plc. told that it has leased and pre-let 577,000 square feet of office and retail space, growing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million square feet.
Ian Henderson chairman of Ishaan Real Estate Plc. told that they are predicting to make strong progress on construction and leasing activity during the remainder of 2008.
The company said around 20 % of the saleable residential space in its first-class residential development project, Vivarea, in central Mumbai city, has now been pre-sold, also at prices above those expected at the time of admission.
Ishaan Real Estate said pre-sales of the apartments commenced at the end of October and are experiencing strong demand.
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An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
The projections which was made by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) during January, the Indian property market is projected to grow at a rate of between 40 to 45 % during 2008.
source: http://www.propertywala.com/news/
PASADENA, Calif., March 19 /PRNewswire/ — Alexandria Real Estate
Equities, Inc. (NYSE: ARE) today announced that it has agreed to sell
8,800,000 shares of Series D Cumulative Convertible Preferred Stock at $25.00
per share in an underwritten public offering. Gross proceeds from the
offering will be $220,000,000. The shares of Series D Cumulative Convertible
Preferred Stock will be convertible into shares of Alexandria Real Estate
Equities, Inc. common stock. J.P. Morgan Securities Inc., Citi, and Merrill
Lynch & Co. are acting as joint bookrunning managers in connection with the
offering. Alexandria Real Estate Equities, Inc. has granted the underwriters a
thirty day option to purchase up to 1,200,000 additional shares to cover over-
allotments, if any. The offering is expected to close on or about March 26,
2008, subject to customary closing conditions.
If anything is to happen it would only be temporary , with the number of projects having commenced since the last year , the investors cannot afford to have a major setback , as it would completely ruin things for the economic trend in the country.
Ishan Real estate is rising as a great real estate company.