Jones Lang LaSalle India, a global research firm in the real estate sector, says that prices of residential units in India in the next six months should witness marginal appreciation. JLL says: “Over 60% of residential launches in the Top 7 cities (mostly in cities other than the NCR and Mumbai) are priced in the range of Rs [...]
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty. HUL and entities of Piramal Realty have signed an agreement for assignment of HUL’s leasehold rights of the land and building named ‘Gulita’ [...]
Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project. Parsvnath Developers has sold stakes in many of its residential and office projects to private equity funds [...]
December 20, 2010 – 11:13 am
The national capital’s satellite township of Gurgaon, is currently witnessing a growing trend of high rise residential apartments in its skyline. As much as 60% of the total population residing in Gurgaon lives in these high rise societies built by private developers like DLF, Unitech, Emaar MGF, among several others. Most of these colonies are [...]
December 14, 2010 – 6:54 pm
Bellevue — the Phase 1 condominium towers of Central Park II in Gurgaon has been creating stir in the buyers in Gurgaon, for the infrastructure it provides. “Bellevue is a rare example in India to have obtained quality certificates from Grant Thornton, Jones Lang LaSalle-India, KCB Associates, Dema Consulting and Manu Jain leading auditors and [...]
December 6, 2010 – 5:36 pm
In a press conference today, Realty firm Chintels India Ltd. said it will invest about Rs 310 cr over the next 3 years to develop a residential project in the National Capital Region. The company has already acquired 12.3 acres of land for Rs 103 cr. Chintels India Ltd. has been active in the field [...]
December 18, 2008 – 2:03 am
Germany-based hotel management and consultancy firm, RIMC International, has entered into a 50:50 joint venture agreement with Pune-based Sahil Group of Companies, to manage and operate hotel projects in India. The joint venture company, RIMC Sahil India, aims to operate about 20 properties in the country by 2012. It has earmarked an investment of about [...]
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Also tagged Germany Hotel, Group Germany, Hospitality Biz, Hospitality Industry, Hotel India, Hotel Management, Hotel Projects, Indian Hospitality, Jaipur, Joint Venture Agreement, Joint Venture Company, Jv, Managing Director, Rimc, Sahil India, Star Categories, Star Property
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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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Also tagged Bangalore, Home Developers, Housing Projects, Housing Units, Income Category, Income Housing, india, Kolkata, Major Real Estate, Pune, Real Estate Developer, Residential Projects, Slump
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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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Also tagged Amritsar, Asterix, Bangalore, Bathinda, Chandigarh, Chennai, Choice Hotels, Goa, Hotel, Hyderabad, india, Ludhiana, Manesar, Noida, Pune, Sabri
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August 26, 2008 – 4:55 am
Realty firm Raheja Developers said it would invest about four thousan five hundred crore rupees to develop an engineering SEZ in Gurgaon over the next three to five years. This project, which is expected to create job opportunities for around fifty thousand people (including both direct and indirect) is said to have a potential to [...]
Rising interest rates, shrinking pool of home buyers and anticipated fresh supply of DDA flats has set off what could be termed as early signs of panic among real estate investors in Delhi and its suburbs. A large number of investors are wary of holding the property any longer and are turning it back to [...]
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Also tagged Allotment, Bed Room Apartments, Borrowing Cost, Dda Flats, Downturn, Dwarka, End Users, Festive Season, HDFC, Home Buyers, Home Loan Rate, Industry Experts, Loan Inquiries, Noida, Property Investors, Rate Hike, Real Estate Investors, Rising Interest Rates
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According to Financial Chronicle’s interview with Prabhat Pani, CEO, Ginger Hotels, the Ginger Hotels group plans to launch 60 to 70 properties in India, within the next three to four years. The company has adopted a new method of refurbishing existing properties, instead of buying land for new hotels. So far, investment in the Indian [...]
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Also tagged Bhilwara, Faridabad, Ginger, Ginger Hotels Group, Government Body, Hotel Group, India Hotels, Indian Railway, jodhpur, Ludhiana, North India, Pani, Tourism Corporation, Yatri Niwas
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The uncertainty in the capital market has hit realty stocks the hardest. The BSE realty index is the worst performer this year, having shed 51% of its 52-week peak reached in January. With increasing evidence of a slowdown in the realty sector, rising input costs and little chances of interest rate softening, experts feel realty [...]
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Also tagged Agrawal, Angel Broking, Benchmark Index, Capital Goods, Consumer Durables, Gas Index, Hitesh, Inflation Rate, Input Costs, Negative News, Noida, Omaxe, Parsvnath, Power Stocks, Real Estate Sector, Realty Stocks, Scrips, Sensex
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State-run pharmaceutical corporations, struggling to survive competition with private sector companies, are now emerging in a new avatar as developers of commercial complexes and IT parks because of their massive land holdings. The recently-revived Bengal Chemicals and Pharmaceuticals Ltd (BCPL) is building a 38-floor sky scraper at Worli in Mumbai overlooking the Arabian Sea. The [...]
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Also tagged Arabian Sea, Bcpl, Commercial Complexes, Construction Corporation, Hyderabd, Nbcc, Pharmaceutical Corporations, Pharmaceutical Market, Prime Locations, Sky Scraper, Worli
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As property prices continue their downward spiral in Britain, investors here are looking to India, which is increasingly seen as a hotspot due to rising real estate prices across the country. Every week, leading mortgage lenders and estate agents publish figures of declining prices, higher number of houses on the market, fewer buyers and smaller [...]
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Also tagged Chandigarh, Exhibitions In London, Foreign Investment, Gujarat, Indian Economy, Indian Government, Investing In India, Investment Funds, Investors, London, London Property, Mortgage Lenders, Property Investors
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After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008. Global real estate consulting company, Cushman & Wakefield has reported a [...]
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Also tagged Consulting Company, Cushman Wakefield, Global Real Estate, Home Buyers, india, Mumbai, New Delhi, Property, Real Estate, Real Estate Consulting, Real Estate Prices, Rental Prices, Residential Property, Stake.
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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 [...]
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Also tagged Ahmedabad, Bangalore, Baroda, Chennai, Damac Properties, Delhi, Dubai, Gujarat, india, Investment Options, Investments, Mumbai, Real Estate, Real Estate Developer
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Kolkata, April 30:- Mr Alexander A. Chinyaev, the chief representative in India of Sistema said that after venturing into the Indian telecom business, Russian conglomerate Sistema is now planning to tap the real estate and hospitality industries in India. The London Stock Exchange-listed public sector company is looking at investing an estimated eight hundred crore [...]
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Also tagged Commercial Projects., Conglomerate, Hospitality Industries, Hospitality Sector, Hotel Projects, Indian Telecom, Kolkata, London Stock Exchange, Project, Residential Projects, Resort Projects, Russian, Telecom Business, Tourism Business
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Royal Group of UAE and Netherlands-based GTC Real Estate are in the race to acquire 26% stake in the Delhi-based Raheja group’s engineering SEZ in Gurgaon for Rs 500 crore. It has been learnt that the Raheja group may ink the deal with either of the two groups in the next few weeks. Raheja Developers [...]
This led to the expansion of the Delhi Mass speedy Transit System, or Delhi Metro as it is known. The success of this transport network that began procedure in December 2002 now sees it as not only the public transportation of choice, but the model itself has become the standard for the development of other [...]
NEW DELHI: Playing on the basic economics of small margins-high volume, realty majors are now adding low-cost residential projects to their portfolio. Omaxe, DLF, Ansal API, Parsvnath, BPTP, et al are setting their eyes on the small and mid-income home buyer segment and lining up projects which will meet the aam aadmi’s need.
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Also tagged Ansal Api, Bhk, Bptp, Faridabad, Housing, Housing Projects, Manesar, New Delhi, Parsvnath, Real Estate Developer, Residential Projects, Rohtas
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Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX) owing to the liquidity crunch in the global markets. Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts. The move [...]
February 22, 2008 – 5:26 am
In the Bangalore, anyone can hop from Tribeca to Brooklyn, stop off at the White House, and head out to Melrose in just a few minutes. The miraculous journey unfolds in a new housing development in Bangalore’s Electronic City named “Concorde Manhattans”, which sits on prime real estate across from a Wipro Technologies campus. While [...]
February 4, 2008 – 1:14 am
Emaar MGF is proposing to aggregate between Rs 5540 to Rs 6464 crore through an IPO, which would amount to a post-issue stake of 10.2 per cent in the company. The price band for the issue is fixed at Rs 540-630 a share. Earlier, the issue price was fixed at Rs 610-690 a share amounting [...]
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