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.
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, [...]
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 fund. We [...]
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 joint [...]
MUMBAI: K Raheja Corp, a top real estate company, has entered into a fifty fifty joint venture with Colorado-based ProLogis, a leading owner, manager and developer of distribution facilities globally. The joint venture is for warehousing and logistic infrastructure development in India and is ProLogis’ first business in the country.
According to the agreement, the joint [...]
February 14, 2008 – 1:54 am
Wonderla, the amusement park promoted by the Kerala-based V-Guard, is looking to set up a theme park in Mumbai with an investment of Rs 150 crore.
This will be the second one for the company after its theme-park at Bidadi near Bangalore. The company has already acquired around 80 acres and plans to acquire further 40 [...]
By manish
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Posted in Real Estate Investment, Real Estate News
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Also tagged Amusement Park, Commercial Space, Feasibility, Integrated Project, Kerala, Mumbai, Theme Park, Vicinity, Wonderla, Wonderla Amusement Park
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January 28, 2008 – 5:46 am
India’s first super luxury mall is ready to open in Bangalore. CNBC-TV18’s Faye D’Souza and Ramya Ramamurthy get a sneak peek. UB City is the first of its kind super luxury mall in the country. It is preparing to put lots of brands forward to the brand lovers in Bangalore. [...]
By Rajani
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Posted in Real Estate News
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Also tagged Attraction Point, Cnbc, Cnbc Tv18, Dunhill, Ferragamo, Gucci, International Brands, Jean Paul Gaultier, Louis Vuitton Store, Luxury market, mall, Moschino, Prestige Group, Ramya, Retail Development, Sneak Peek, Souza, Square Feet Space, Stella Maccartney, Ub, UB city
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January 28, 2008 – 5:43 am
Real Estate businessmen of Bangalore have always been in search for techniques to grab the attention of customers for their properties. Recent publicity stunt is ‘buy a house and get a car a free gift’. For example, if a customer buys a flat of worth 200 lacs, he gets a car [...]
By Rajani
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Posted in Real Estate News
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Also tagged Advisory Company, Apartment, Budget, Businessmen, Cars, Development Sector, Excess Stock, Finance, Free Car, Free Gift, Hyundai, Hyundai Santro, Models, promotional offer, Publicity Stunt, Real Estate, Regional Manager, Sobha Developers, Value Addition
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