Tag: india

In Bangalore, Girish Karnad Reflects

Few decades ago, people came to Bangalore essentially for the horse races. Once the racing season was over, the city emptied out. Bangalore had little else to offer. Today the racecourse has been moved out of the city—a former chief minister’s dream of erecting a 100-story commercial tower à la Singapore in the course’s place […]

Indian Companies invested $2.7 bn overseas in March.

Overseas investments by Indian companies stood at USD 2.77 billion in March, up 37.6 percent over the previous month, with Binani Industries, Mercator Lines, HCL Technologies, Varun Shipping, Hexaware Technologies, and Tata Steel emerging as major investors. As many as 489 overseas investment transactions were carried out by various companies in March, as per the […]

Indians top the first time Dubai’s property buyers list.

While Dubai remains a hot and one of the favourite destinations of Bollywood. It has definitely fascinated other strata of India as well. As per the Dubai real estate data, No other national has purchased property to the tune Indians have in 2011. Indians have topped the list of first-time property buyers in Dubai in […]

IOREC: Property Sector In Mauritius a Profitable Investment.

The sluggish global economy has not left the property sector unscathed, but the high-end estate market on the Indian Ocean island of Mauritius is showing remarkable resilience. Murray Adair, CEO of the Indian Ocean Real Estate Company (IOREC) who is developing several luxury resorts in Mauritius in partnership with Flacq United Estates Limited (FUEL), says […]

Boom of Shopping Malls

A Shopping MallMarch 11, 2010 You must be astonished by the growth of India in terms of rapidly increasing number of Shopping Malls. You must also doubt that where they will find so many shoppers and lodgers. But the experts claim that  as compared to developed and other developing countries, the mall culture in India […]

PropertyWala.com – The Best Real Estate WebSite Of The Year

www.PropertyWala.com has been chosen India’s best real estate website for the year 2008. The Website of the Year awards are the largest annual ‘people’s choice’ website awards and have organized from last 4 years by MetrixLab, an independent online market research agency, in association with Neilsen Online. More than 1.5 million Internet users from India […]

DLF To Pump In Rs 150 Billion For Residential Projects

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, […]

Terror impact is a temporary setback

Rating agencies and foreign investors do not see any impact on the prospects of the economy because of terror attacks in the financial capital. The meltdown in the global financial markets is still a larger concern. Past experience has shown that markets have reacted only temporarily to such extraordinary events. Although some reports do not […]

DLF freezes projects

The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7% home loan rates. “We must have laid off some employees somewhere,” DLF Chairman K P Singh told reporters on the sidelines of India Economic Summit, […]

Chidambaram asks US, Europe to ‘set their house in order’

Finance Minister P Chidambaram has asked the US and Europe to “set their house in order” to reverse the impact of the financial crisis on economies worldwide and help capital to flow back to developing nations. “If they (US and Europe) set their house in order, surely capital will flow back to developing countries credit […]

Barwa enters Indian real estate market

The Barwa Real Estate and Sun Group, a leading investor and private equity fund manager in India have entered into a joint venture agreement to explore the Indian real estate market. Sun Group and Barwa have proposed to form a 50:50 joint venture company to be named as Sun-Barwa Land. The new company will seek […]

Attention turns to rental real estate market

Rental property investments are proving more popular in India as the country sees a slowdown in sales, according to experts. Real estate companies say people have less money to spend on buying a house, leading many to look at lettings instead. More recent data from the company shows demand for property in Hyderabad declined by […]

Choice Hotels To Invest Rs 1500 Crore

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, […]

Big Bazaar Targeting Network Of 145 Stores By June 2009

Retail chain Big Bazaar plans to open 15 more stores by November end, some of them in new markets, at an investment of Rs 1,500-1,600 crore. With this, Big Bazaar, a subsidiary of the Kishore Biyani-spearheaded Pantaloon Group, will have 112 stores pan-India by November, a top company official said. Big Bazaar is targeting a […]

Investors From China and India Take More Risks

Investors in rising markets such as China and India have a much greater desire for risky investments than their counterparts in developed markets, new research has shown. Wealthy investors in developing nations are more likely to increase the level of risk to their portfolio, with 43% of those in the United Arab Emirates, which contains […]

Red Fort Capital Joined Hands With Godrej Properties

Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India. The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital […]

Milestone To Launch MEAS With Ecofirst

Milestone, India’s largest independent Real Estate Fund house is launching Milestone Ecofirst Advisory Services (MEAS) through a 50:50 Joint Venture with Ecofirst. Ecofirst, established with a multi million pound budget, is a J. Leon Group company based in UK. With the launch of Milestone Ecofirst Advisory Services (MEAS), for the first time in the country, […]

DLF Plans Rs 800 Crore Fund For Construction Push

DLF is looking at setting up a Rs 800-crore venture capital (VC) fund with a mandate to invest in companies engaged in equipment management and construction activity. This is being seen as a strategic move by DLF to support its rapidly expanding construction activity. The Delhi-based firm has filed the documents with market regulator SEBI […]

Cement Companies Affected Due To Real Estate Slowdown And Inflation

Higher input costs, low market valuations and scaled up capacity amidst reduced demand is likely to take its toll on the cement industry. The growth rate of the industry is projected to drop below 10 % for the current fiscal. According to a report by Edelweiss Research, weak fundamentals and mounting cost pressures are likely […]

UK’s Eredene Cap Picks Up 50% Stake In AILPL

UK-based Eredene Capital has picked up a 50% stake in Apeejay Infra-Logistics (AILPL), the infrastructure arm of Kolkata-based Apeejay Surrendra Group. The group is setting up a state-of-the-art logistics park in Haldia in West Bengal’s West Midnapore district. Eredene Capital has invested Sterling Pound 5.25 million or Rs 42 crore to pick up the 50% […]

Unitech’s Annual Profit Loss Statement

Unitech Limited, India’s foremost Real Estate Company on 27 June 08 announced its audited consolidated financial results for the FY ended 31st March 2008. Total income rose by twenty six percent to Rs. 42,801 million, as against Rs. 33,881 million during the preceding financial year. Profit after tax (PAT) also jumped by twenty seven percent […]

Irish Life To Invest In Commercial Property In Asia and Europe

Investors in this country are known to have an appetite for exotic investments. Irish Life is tapping into this by giving investors an opportunity to invest in commercial property in Asia and Europe through two new funds from Irish Life — Eurasia Property Fund and Eurasia Property Plus Fund. Irish Life is partnering with Hendersons […]

Goldman Sachs Picked Pinority Stake In Sterling & Wilson

Goldman Sachs, the global financial powerhouse, has picked up a minority stake in Sterling & Wilson, a Shapoorji Pallonji group company, for $50 million. No further financial details were available. Sterling & Wilson is one of the leading mechanical, electrical and plumbing (MEP) contracting companies in the country. It is one of those few companies […]

McDonald’s To Invest Rs 400 Crore In India

With an aim to clock 30-35 per growth per annum, the US fast food chain McDonald’s plans to open around 60 more restaurants across the country annually and pump in Rs 400 crore in the next three years. “India has a huge market potential for McDonald’s,” Connaught Plaza Restaurants Managing Director Vikram Bakshi said while […]