Tag Archives: Bangalore

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 years [...]

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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.
The future [...]

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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 an [...]

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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 looking [...]

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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 international [...]

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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 in [...]

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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, residential, [...]

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