Now there is a higher demand for resale properties in Chennai. The higher demand for resale properties narrows down the prices between the old and fresh properties. There are many who demand for resale properties in Chennai now. The situation leads to the fact that there is no much difference between the new and a […]
Tag: Chennai
As per a survey, Hyderabad 3rd most affordable office location in 2011.
April 24, 2012 – 11:34 am
Hyderabad has emerged as the world’s third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions. According to DTZ’s latest study ‘Global Occupancy Costs offices’, Surabaya in Indonesia and Qingdao in China were placed in the top two positions of the chart as the most affordable […]
Property prices in Coimbatore goes High
April 24, 2012 – 11:34 am
The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, […]
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. […]
Chennai leads Indian Real Estate Sector.
March 30, 2012 – 3:57 pm
In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas buyers this year. The Indian property market will see more investment from overseas this year as it still remains an attractive […]
DLF Garden City Lucknow receives the ‘Integrated Township of the Year Award’.
March 27, 2012 – 8:48 pm
Garden city, the first ever residential project in Lucknow by DLF has bagged the “Integrated Township of the Year – North India” award at the Realty plus Excellence Awards 2012, instituted by real estate monthly magazine Realty Plus. Cheered by a galaxy of realty stars, luminaries and other stakeholders present from all over the country at […]
Where Are The Affordable Houses?
December 15, 2010 – 6:06 pm
Land is one of the major factors affecting affordable housing — be it land availability, land-accessibility or cost of land, the question always comes into the picture when plans for a housing-project are drawn up. Land factor plays such a vital role when affordable housing projects are concerned, it only underlines the importance of planning […]
Vision India Arrives IN Chennai
April 10, 2010 – 3:20 pm
A business group in the US named Vision India Real Estate is bankrolling a sum total of $5 million in an upcoming residential project in Chennai. The project belongs to Gem Group. This is the first time that the US Company is going for a joint development project. It is proposing an investment of $100 […]
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 […]
Safexpress investing in 32 logistics parks
October 6, 2009 – 4:41 pm
Safexpress will invest nearly Rs 600 crore in the next two years to launch 32 logistics parks to double its warehousing space to around ten million square feet. According to Mr Vineet Kanaujia, GM, Marketing, Safexpress, The expansion will help the company reach revenue of around Rs 1,000 crore in the next two years from […]
Lancor MD picks up more stake
September 23, 2009 – 1:42 pm
Lancor Holdings’ MD, Mr R.V. Shekar, has informed the stock exchanges that he is acquiring up to 5% of the equity shares in the company at current market price. According to the information, Mr Shekar has acquired 1.23 lakh shares representing 0.61% stake for a total value of Rs 1.08 crore last week. This translates […]
Is Maytas on the edge of a sellout?
January 12, 2009 – 11:43 am
With its promoter in jail, stock price nearing 52-week lows, downgrades by rating agencies and the state chief minister saying he would look into the realty major’s ability to complete plum projects, Maytas is clearly tottering and looks like it is on the brink. A cross section of its employees, however, maintains that all is […]
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 […]
No slowdown in realty projects
November 17, 2008 – 5:37 am
Mahindra and Mahindra on Monday said there is no slowdown in its real estate projects, even as there is a slump in demand. “We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr […]
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, […]
Slowdown In The Real Estate Due To Slowdown Of The Economy
August 6, 2008 – 4:23 am
The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year. During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield […]
Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09
July 31, 2008 – 4:48 am
Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations. Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income […]
Ritz, Nitesh to offer $1 million luxury residences
May 14, 2008 – 5:16 am
Ritz Carlton Residences, the benchmark in luxury homes for the rich and famous in busy metros and exotic retreats, may be ready to redefine the ultimate in apartment living in India. It is believed to have chosen the stunning backdrop of the Kochi coastline and the posh Boat Club area in Chennai as addresses for […]
Residential Township Project In Mysore
May 9, 2008 – 4:11 am
PBEL PROPERTY Development (India) Pvt Ltd, a joint venture of Israel based Property and Building Corporation (PBC), Electra Real Estate (ERE) and INCOR infrastructure, has invested twenty crore rupees in Mysore to build a residential township. Announcing this progress, PBEL, executive director Anand Reddy said, “The Company has invested twenty crore rupees on a ten […]
For Some Mahindra Lifespace May Opt PE Funding
May 7, 2008 – 7:36 am
MUMBAI – Real estate firm Mahindra Lifespace Developers Ltd may consider private equity funding for some of its projects, but has no immediate plans to dilute its stake, a top official said.
Unitech To Launch A Mid-Income Project
April 29, 2008 – 5:48 am
Unitech Ltd plans to launch a mid-income project of 1,200 square feet houses in Greater Noida at Rs.2750 – sees potential demand. This will be followed by Residential launches in Chennai and Hyderabad shortly. The company is also accumulating more land parcels in Mumbai through slum rehab, will disclose once formalities completed.
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, […]
K Raheja enter in logistics business
April 10, 2008 – 8:32 am
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 […]
