November 26, 2008 – 6:00 am
Ajay Piramal-promoted real estate fund Indiareit has acquired about 15 percent stakes in Mumbai-based developer Neptune group for around Rs 300 cr. The deal assumes significance as the fund has chosen to invest in the company, rather than the usual practice of investing in individual projects.
Neptune group chairman Nayan Bheda confirmed the deal, but refused [...]
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. [...]
By Rajani
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Posted in Real Estate News
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Also tagged Assocham, Bangalore, Business Environment, Chennai, Educational Institutes, Employment Opportunity, Infrastructure Business, Infrastructure Facilities, Kolkata, Lucknow, Metro City, Metro Status, Pulse Study, Second City, Social Infrastructure, Tier Ii
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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, [...]
By Rajani
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Posted in Real Estate News
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Also tagged Amritsar, Asterix, Bangalore, Bathinda, Chandigarh, Chennai, Choice Hotels, Goa, Gurgaon, Hotel, india, Ludhiana, Manesar, Noida, Pune, Sabri
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Tata Consultancy Services (TCS), India’s leading software exporter, pronounced that it has reserved a capital expenditure plan of One thousand nine hundred crore rupees for the existing fiscal (2008-09).
In an pronouncement, the company said that the capex is 35.7% higher than the last year’s capex of Rs 14 billion.
Mr. S Mahalingam, Chief Financial Officer and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Capex, Capital Expenditure, Chief Financial Officer, Developing Technology, Infrastructure, Kolkata, S Mahalingam, Sub Prime Crisis, Tata Consultancy Services, Tcs, Tier 1, Tier 2
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After putting up 24 multiplex screens across cities like Vadodara, Kolkata, Mumbai and Goa in the last 6 yrs, the company has been silently signing up properties in Burdwan Rajarhat, Panditya Road, Haldia, Howrah, Jessore Road Asansol and even Siliguri to throw open multiplexes.
The total investment is estimated to be over one hundred crores rupees. [...]
By manish
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Posted in Real Estate News
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Also tagged Asansol, Bengal Ambuja, Calcutta, Ccpl, Eastern India, Eastern Sector, Goa, Inox Leisure, Jessore Road, Kolkata, Mangalore
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Nearly seventy eight million square feet real estate space is expected to be added by 2015 due to forty seven airport modernization and upgrade projects.
The projects cover forty thousand acres across forty existing and seven new airports, according to the Airport Realty Report by global property consultancy Cushman & Wakefield.
The report says if the airports [...]
By Rajani
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Posted in Real Estate News
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Also tagged Airport Project, Car Parking, City, Cushman, Global Property, Greenfield Projects, Large Portion, Office, Office Space, Property Consultancy, Public Admission, Retail Office, Retail Space, Revenue Sources, Tier Ii, Tourist Destinations, Town
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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, Chennai, Cities, Coimbatore, Continents North America, Elco Holdings, ERE, Global Assets, IDB, india, Investments, North America Europe, Pbc, projects, Real Estate Sector, Residential Land, tamilnadu, township propject, Vizag
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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, Chennai, Greater Noida, house, indonesia, mid-income, Mumbai, NKID, Project, Residential, salim group, Unitech, universal success
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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 [...]
By Rajani
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Posted in Real Estate News
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Also tagged airport, Bangalore, Commercial, Deutsche Bank, global, golden gate properties, india, investmen, power, railway, Real Estate, Realty, road, RREEF
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Doha: All most thirty builders from various parts of India are showcasing their projects at Homes of India, the largest Indian property expo in Qatar, at the Ramada Plaza hotel.
The two-day expo was opened yesterday by Dr Mohan Thomas, President of the Indian Community Benevolent Fund.
By manish
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Posted in Real Estate News
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Also tagged Bangalore and Chennai., Cochin, Delhi, Doha, Indian property expo, indian real-estate, Jaipur, Kannur, Mumbai, Munnar, Pune, Thalassery, Thiruvananthapuram, Thrissur
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