Tag: Bangalore

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 [...]

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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. [...]

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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, [...]

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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 [...]

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Developer Brigade Group opens Orion mall in Bangalore.

March 29, 2012 – 5:14 pm

Real estate developer Brigade Group has opened its flagship retail venture Orion mall in Brigade Gateway Enclave, Bangalore. Spread over 8.2 lakh sq. ft., the mall houses a mix of global and national brands. Orion mall is developed and managed by Brigade Group and located in the Brigade Gateway Enclave that also includes the World [...]

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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 [...]

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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 [...]

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Delhi Is The Favorite

April 4, 2010 – 11:21 pm

According to a recent survey conducted by a leading real estate website Delhi is the most preferred location to buy a house, Mumbai follows next. It is interesting to note that Bangalore and Hyderabad come at the third most favored location for buying property. Photo by nancyarora2020The nationwide poll named ‘Realty Trends 2010’ for metros [...]

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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 [...]

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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, [...]

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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 [...]

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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. [...]

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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, [...]

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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 [...]

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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 [...]

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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. [...]

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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 [...]

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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 [...]

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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 [...]

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Now buy Dubai property from your Local Agent

May 13, 2008 – 5:21 am

Dubai-based luxury real estate developer DAMAC Properties has appointed local agents in Gujarat to harness the investment opportunities in the region. The company has signed up around 60 agents across India, mostly in metros. These include two Ahmedabad-based and one from Baroda. The initiative has been taken by the company to market and sell its [...]

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Deutsche Bank Arm Views Scope In Realty

April 29, 2008 – 5:47 am

Just when it seems that the realty run is almost over, a Deutsche Bank arm has announced an investment of over $1 billion over the next three years in the Indian real estate sector. RREEF Alternate Investments, the global alternate investment management business of Deutsche Bank, today announced that it would invest over $1 billion [...]

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No Chance Of Slow Down In Hotel Industry

April 23, 2008 – 5:16 am

Hotel industry in India has shown strong growth in last financial year. Though hotel occupancies in Bangalore, Hyderabad and Pune dipped marginally owing to over capacity, average room rates for branded hotels across star categories continue to witness robust growth in most cities.

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Red Fort to invest Rs 3,500cr via FDI route

April 23, 2008 – 5:12 am

Red Fort Capital Advisors, a real estate equity firm, will invest three thousand five hundred crore in residential and hospitality projects all over the country, including seven hundred crore in Chennai. The funds will be channelized through the foreign direct investment (FDI) route. The money will be invested in real estate projects such as commercial, [...]

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Rs 1,000 cr via third fund will be raised by Indiareit

April 22, 2008 – 4:31 am

Indiareit Fund Advisors, the Ajay Piramal-promoted real estate investment fund, is planning to introduce its third domestic fund to raise Rs 1,000 crore. Talking to DNA Money, Ramesh Jogani, the fund’s CEO and MD, confirmed the development but did not disclosed details. Jogani said, “In the subsequent two years we will introduce our fourth domestic [...]

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Toyota To Invest $350 MN For 2nd Plant In India

April 11, 2008 – 12:21 pm

Japanese auto major Toyota Motor Corp will invest USD 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a ‘strategic’ small car in the country by 2010. Ending months of speculation over the second plant, Toyota, which runs the Indian operations through a [...]

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