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 (C&W) [...]
By manish
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Posted in Real Estate News
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Also tagged April, Commercial Real Estate, Consumers, Corporations, Cushman Wakefield, Economic Slowdown, Economy, Ncr, Real Estate, Real Estate Sector, Real Estate Services, Rental Values
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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 segment [...]
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 the [...]
By Rajani
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Posted in Real Estate News
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Also tagged Boat Club, Gourmet Dining, Hotels In Kochi, Kpf, Lasting Impression, Luxury Homes, Luxury Residences, Nitesh Estates, Price Tag, Ritz Carlton Hotel, Ritz Carlton Residences, Stunning Backdrop, Valet Parking
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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 [...]
By manish
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Posted in Real Estate News
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Also tagged Ahmedabad, Bangalore, Baroda, Damac Properties, Delhi, Dubai, Gujarat, Gurgaon, india, Investment Options, Investments, Mumbai, Real Estate, Real Estate Developer
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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 acre [...]
By manish
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Posted in Real Estate News
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Also tagged Apartment Buildings, Cities, Coimbatore, Continents North America, Elco Holdings, ERE, Global Assets, Hyderabad, IDB, india, Investments, North America Europe, Pbc, projects, Real Estate Sector, Residential Land, tamilnadu, township propject, Vizag
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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.
By manish
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Posted in Real Estate News
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Also tagged Arch Capital, Land Acquisition, Lifespace, Maharashtra, Mahindra Lifespace, Mumbai Market, Nagpur, Private Equity Fund, projects, Pune, Residential Project, special economic zone, Townships
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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.
By Rajani
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Posted in Real Estate News
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Also tagged chemical SEZ, Greater Noida, house, Hyderabad, indonesia, mid-income, Mumbai, NKID, Project, Residential, salim group, Unitech, universal success
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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, [...]
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 [...]
Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India.
The properties developed by ETA Star Properties will be managed by their hospitality [...]
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