Leading global private equity and investment firm Blackstone is likely to gain huge amount of profit from its project in Bangalore, a joint venture along with Embassy. Joining hands with Bangalore– centered real estate firm Embassy Property Developments; Blackstone has developed a residential project. The luxury-oriented residential project will have 467 housing units. Each unit […]
Tag: Bangalore
Koramangala Emerges As A Better Home Destination
January 31, 2013 – 6:42 pm
Koramangala, an outskirt located in the South-East part of Bangalore, has become a better home destination as it offers easier access to many commercial hubs of Bangalore. If you ask someone to tell what the importance Koramangala has, you will surely get vast number of answers. Some of them may be its closeness to many […]
Property Investments In Tier 2 Cities Are More Profitable
January 14, 2013 – 8:38 pm
With better growth rate and existing lower property prices, tier 2 cities have become more profitable destinations for property investments. Due to many reasons property investments in such cities are more profitable and preferred now. The tier 2 cities of India now offer better returns to the investors and so the property investors of India […]
Koramangala, Now a Hot Real Estate Destination in Bangalore
May 8, 2012 – 6:10 pm
Once upon a time localities used to call Koramangala ‘Sollemangala’ (Solle means mosquitoes in Kannada). The area spread over 1,800 acres in eight blocks, was once petrified by mosquito menace and mangroves. It was a village and was considered not a great place to live for a Bangalorean in the 80s and 90s. Today, it is one of […]
In Bangalore, Girish Karnad Reflects
May 7, 2012 – 5:46 pm
Few decades ago, people came to Bangalore essentially for the horse races. Once the racing season was over, the city emptied out. Bangalore had little else to offer. Today the racecourse has been moved out of the city—a former chief minister’s dream of erecting a 100-story commercial tower à la Singapore in the course’s place […]
Realty projects, roads to help build-up for Unity Infraprojects
April 16, 2012 – 6:32 pm
Healthy order book, strong balance sheet and the potential to unlock value from real estate projects make Unity Infraprojects a decent investment idea on a medium-term basis. Mumbai-based Unity Infraprojects is a small-sized construction firm operating in buildings, water and roads segments. The company is also developing real estate on its land parcels in Nagpur, Bangalore, Pune, Kolkata […]
Bangalore: More about Office….Office.
April 14, 2012 – 6:42 pm
While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq. ft. across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq. ft. While six mil sq. ft. […]
Leela Kovalam, Noida, one among the top high-value sellers in Asia.
April 2, 2012 – 1:49 pm
The sale of Leela Kempinski Kovalam was among the top 10 hotel deals in Asia during the past one year, shows data from the US-based research firm Real Capital Analytics. Real Capital, which tracks and analyses real estate deals worth over $10 million across apartments, hotels, retail, industrial, office and development projects over the world, […]
As per a Survey, Bangalore is costliest Indian city to live in.
March 31, 2012 – 3:58 pm
Glitzy tech capital Bangalore just earned a new sobriquet, the costliest Indian city. An analysis of the Reserve Bank of India’s Consumer Price Index (CPI) shows that Bangalore is a couple of notches higher than the all-India cost-of-living average, with financial capital Mumbai just a shade behind. The CPI is a measure of a standard basket of items, including food, clothing and […]
IT Majors in big Realty Deals
December 7, 2010 – 4:17 pm
On the road to rapid recovery from recession, many large IT firms are signing up big commercial real estate deals in different parts of Bangalore. According to sources, Accenture has committed to take 8 lacs square feet in Pritech Park on the Outer Ring Road in Bangalore. HP and Wipro are said to have recently […]
REAL plans for Godrej
December 4, 2010 – 10:28 pm
Godrej Properties Limited (GPL), real estate segment of Godrej Group, has revealed its plans for the development of residential housing project at Mohali in Punjab, involving a capital of about four hundred and fifty crore rupees. The company also has future plans for several cities, including NCR, Mumbai, Bangalore, Pune, Chennai and Chandigarh for development […]
Revival of Realty
March 21, 2010 – 3:47 pm
Indian real estate in the last few months has authenticated a reawakening enforced by a noticeable increase in the level of construction activity of low-budget housing coupled with low home loan rates. As researched by Boston Analytics, the Indian realty sector has undergone an increased supply and pace of development activity which brought an improvement […]
DLF To Pump In Rs 150 Billion For Residential Projects
December 16, 2008 – 4:46 am
DLF, India’s major real estate developer, announced that it plans to invest Rs 150 billion over the coming three fiscals to construct various residential projects across the country. The company has raised Rs 16,750 million as private equity in eight projects in November 2007. According to sources, DLF Home Developers, the wholly-owned arm of DLF, […]
Unitech Plans for 35 Hotels
December 10, 2008 – 1:39 am
Realty major UNITECH LTD plans to invest about Rs 2,500 crore to develop 35 hotels across India over the next seven years. Unitech managing director Sanjay Chandra said the firm would develop 35 hotels in the next six to seven years and already had land in many cities at prime locations. * The hotels would […]
Chandigarh is fourth emerging metro
November 1, 2008 – 8:01 am
ASSOCHAM study says city fares well in real estate prices, business environment but lags behind in other parameters necessary for a metro city. Chandigarh comes a close second in real estate prices, financial services and business environment, but lags behind in other five parameters necessary for a metro city, says the ASSOCHAM Eco Pulse Study. […]
Choice Hotels To Invest Rs 1500 Crore
October 15, 2008 – 7:53 am
Choice Hotels is deciding to invest fifteen hundred crore rupees over coming two years to double the number of its hotels from the present twenty-five to fifty across India. The company has already started construction of twenty-one more hotels and has tied up with various construction companies. Choice hotels has done dealing with Amrapali group, […]
Tier III Cities Emerge As Next Promising Investment Option
September 12, 2008 – 5:50 am
With the property market tumbling in big cities like Bangalore, realtors are now shifting their focus to tier III towns. A total of 47,000 properties were registered in Shimoga during 2007-08 as against 33,000 in 2006-07. In Davangere, the corresponding numbers were 54,000 and 37,000, similarly with Gulbarga, Hassan, Tumkur, Bagalkot, Mandya and other tier-III […]
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 […]
Olive Group Expanding To IT Sector
August 28, 2008 – 9:20 am
After completing 25 years in real estate industry, Mumbai-based Olive Group is expanding to Information Technology (IT) sector. Speaking to mediapersons here, P V Mathai, Chairman of Olive Builders, said as part of the diversification, it would associate with the USA-based Millennium Consultant Inc, a leading software company, which has operations in Bangalore and Kochi. […]
Terrorism’s Impact On Real Estate
August 22, 2008 – 6:17 am
Human life is unquestionably any terrorist attack’s most tragic casualty. However, the economic impact and impact on real estate is unavoidably in the minds of many in the industry. After the bomb blasts on July 25 and 26th in Bangalore and Ahmedabad, a number of questions have been raised on how terrorist attacks could have […]
SatyaVani In Talks With European REITs
July 14, 2008 – 6:06 am
Hyderabad-based real estate firm SatyaVani Projects and Consultants is in talks with European REITs to raise $150 million in private equity, which will form the bulk of the $190 million it plans to spend on projects in Hyderabad, Bangalore and Vishakhapatnam. Company’s director Mr. P Surya Prakash said that besides private equity, SatyaVani Projects is […]
Bhuwalka In Land Development Business
May 28, 2008 – 6:54 am
Bhuwalka Steel Industries Ltd and Soul Space Realty Ltd have signed a joint development agreement to unlock the value of the steel company’s land in Bangalore after it decided to relocate its TMT Mill to Bellary. Soul Space Ltd is a member of a leading real estate developer, B.L. Kashyap Group. The agreement envisages that […]
