Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province. This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and […]
Tag: india
India In Top Three Favored Destination For Investment
May 26, 2008 – 6:19 am
India and China, the world’s two fastest growing economies, leads the list of best places for investment and development, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities, a latest report says. According to global consultancy Grant Thornton’s International Business Report 2008 on rising global Markets, China, India and Russia […]
EsVee Group To Develop Townships Across India
May 23, 2008 – 5:57 am
The Ahmedabad-based EsVee Group, promoted by Mr Vijay Kumar Gupta, Chairman and Managing Director of Gujarat Ambuja Exports Ltd (GAEL), plans to develop exclusive townships across India. The first of these chain-townships, at Mysore, is scheduled to be completed by 2010, on a 60-acre plot situated 1.5 km from the airport. The township, christened `Highlands’, […]
Increase In Prices For Karnataka Real Estate Property
May 23, 2008 – 1:14 am
Real estate developers in Karnataka have decided to raise home prices by 3-8% from June 10, citing steep increases in the cost of construction materials and higher labour rates. The price hike was “inevitable” because steel was dearer by 24% compared to its January level and cement prices were up 56% from the beginning of […]
Rental Prices Higher By 13% In Main Cities
May 20, 2008 – 4:30 am
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 […]
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 […]
Hindujas Plans Investment Of Two Lakhs Crore Rupees
May 6, 2008 – 7:19 am
The Hinduja family is setting up investments of around fifty billion dollar (2 lakh crore rupees) in the subsequent 5 years in India and out of the country, led by a foray into oil and gas in Iran.
DLF Assets Raises $450 Million from Symphony Capital; Singapore IPO On Cards
May 3, 2008 – 6:58 am
DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer by market capitalisation, has raised $450 million from Symphony Capital, a London based investment firm. DLF Assets has earlier received two hundred million dollars from a fund sponsored by Lehman Brothers and $400 million from another global investment firm DE Shaw for […]
India wants to conclude trade pact with EFTA in a year
April 30, 2008 – 4:37 am
New Delhi : India on Tuesday said it wants to conclude a Free Trade Agreement with a smaller four-nation European Free Trade Association (EFTA) before end of this year, even as its determined trade pact with the European Union seems to have run into differences. “Negotiations on the FTA will be commencing soon. We believe […]
Private Equity Finds Welcome Mat On Indian Property
April 30, 2008 – 4:33 am
Private equity funds sense their time has come in the Indian property arena, with developers offering plum deals as banks tighten lending and a stock market slump shuts off public share offerings. Since India eased rules on inward investment in the construction industry in early 2005, foreign investors have earmarked an estimated $20 billion for […]
Deutsche Bank Arm Views Scope In Realty
April 29, 2008 – 5:47 am
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 […]
Effect of Economy On Real Estate Sector
April 28, 2008 – 7:35 am
India is taken as the one of the fastest rising economy in the world and in this present economic status, real estate has appeared as one of the most beneficial investment sectors for domestic as well as overseas investors. The economy and the real estate sector in particular are high on its ride to prosperity.
CB Richard Ellis Opens New Office In Kolkata
April 26, 2008 – 8:57 am
Real Estate consulting firm C B Richard Ellis (CBRE) on Friday announced the opening of a new fully operational office in Kolkata. With the opening of this office, CBRE has increased its presence to 30 cities. Mr. CB Richard Ellis (South Asia) Chairman and Managing Director, Anshuman Magazine, said, “The opening of Kolkata office signals […]
Leading Real Estate Firms Looking For Thatipur project in Gwalior
April 24, 2008 – 10:31 am
Almost twenty three leading real estate firms are looking the Thatipur project in Gwalior. Reliance, DLF, Parsvnath and Gammon are in the tussle to bid for the jumbo project, of which the bid submission will stop on May 7. The MP government has not set a reserve cost for the project. The bidders have been […]
Dlf Starting a new project near Panchkula
April 19, 2008 – 6:31 am
Delhi-based DLF group would shortly have its presence felt in the border of Chandigarh as the company is coming up with their DLF Garden City Project near Panchkula for which the company is eyeing two hundred acres. Out of the two hundred acres, the company is said to have acquired thirty four acres with rest […]
Real estate major ventures into hospitality with Ramada tie-up
April 16, 2008 – 7:45 am
Pune-based promoter and developer, the Amrut Runwal Group, is all set to venture into the hospitality industry. The group will begin with a five star property in Pune, which is scheduled to open by June 2009. “In order to diversify business operations, the Amrut Runwal Group decided to enter the hospitality industry. Since Pune is […]
Industrial Rent Gets Double In Mumbai
April 15, 2008 – 5:50 am
Mumbai’s industrial property rents almost doubled last year, rising at the fastest pace in the world. According to an international report, annual industrial rents in India’s financial capital surged to nearly 80 euros (127 dollar) a square meter. Global average rents rose by more than 6 %, outpacing the 4.5 % increase in 2006, with […]
Century 21 To Set Up 1,000 Offices All Over India
April 15, 2008 – 5:44 am
NEW DELHI: Global realty brokerage firm, Century 21 Real Estate LLC, announced on Monday about its foray into the Indian market with plans to open offices across the country, where it is expecting for a business of Rs one thousand crores in half a decade. The US-based company plans to open one thousand offices through franchisee […]
Toyota To Invest $350 MN For 2nd Plant In India
April 11, 2008 – 12:21 pm
Japanese auto major Toyota Motor Corp will invest USD 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a ‘strategic’ small car in the country by 2010. Ending months of speculation over the second plant, Toyota, which runs the Indian operations through a […]
BCCL Picks Up Stake In Mantri Realty
April 8, 2008 – 5:42 am
Bennett, Coleman & Co Ltd (BCCL) has picked up Rs 60 crore worth preference shares in Mumbai-headquartered real estate major Mantri Realty Limited, which has operations in both Mumbai and Bangalore. Mantri Realty is an associate concern of Mantri Enterprises. The company, which has so far completed over 35 residential and commercial projects with over […]
Saffron Asset launches $500 million real estate fund
April 8, 2008 – 5:39 am
MUMBAI, April 4 – Fund manager Saffron Asset Advisors is raising a maximum of five hundred million dollar through an India- focused real estate fund, and has agreed for Standard Life as anchor investor, a top official said on Friday. Saffron’s Managing Director A. V. Kapoor stated that Standard Life will invest seventy five million […]
Ishaan Real Estate Plc. Hopeful Of Strong Progress In 2008
April 1, 2008 – 12:49 am
LONDON – India-centralized real estate investment company Ishaan Real Estate Plc. told that it has leased and pre-let 577,000 square feet of office and retail space, growing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million square feet. Ian Henderson chairman of Ishaan Real Estate Plc. […]
Unitech, Indiabulls defer REITs listing
March 14, 2008 – 1:14 am
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 […]
HBS Offers Seminar in India
March 12, 2008 – 6:40 am
Real estate executives seeking a Harvard Business School education can take a seminar in a prime new location this June. The South Asia Real Estate Seminar, a collaborative effort between the HBS Executive Education Program and the HBS Indian Research Center, will offer a four-day workshop in Hyderabad, India that aims to connect experienced executives […]
