Photo by Farruska Europe is once again back into action with an prelude of investment for Kolkata’s real estate in a move deemed “a first” by experts. Expo Real, the largest European B-to-B trade fair for the international property and investment market , is the biggest European commercial property trade fair.this is an annual event that [...]
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Also tagged appreciable number, assemblage, Commercial Realty, development consultancy, Estate Projects, exploratory delegation, expo real, gawk, gawks, international exhibition, International Investors, Investment Market, national president, new munich trade fair centre, pradeep, Real Estate Sector, realty office, retail logistics, S Real Estate
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Indian real estate in the last few months has authenticated a reawakening enforced by a noticeable increase in the level of construction activity of low-budget housing coupled with low home loan rates. As researched by Boston Analytics, the Indian realty sector has undergone an increased supply and pace of development activity which brought an improvement [...]
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Also tagged Ahmedabad, Bangalore, Bhubaneswar, Chandigarh, Chennai, Construction Activity, Construction Sector, Delhi, economic survey, Estate Projects, Home Loan Rates, Home Loans, Hyderabad, Indian Cities, indian consumers, Jaipur, Kochi, Low Budget, Lucknow, Mumbai, Nagpur, noticeable increase, Patna, pessimism, physical assets, purchase decisions, Real Estate Sector, Tier I, Tier Ii, Tier III, Vishakhapatnam
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January 14, 2009 – 3:47 pm
India’s second-biggest real estate developer Unitech is in talks with private equity (PE) funds for investments up to $560 million (Rs 2,750 crore). The realtor is also in negotiations with banks to restructure an additional Rs 500 crore of loans as part of its plan to cut debt and secure funding to complete existing projects. [...]
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Also tagged Balance Sheet, Bombay Stock Exchange, BSE, Commitments, Fortunes, Hotel Project, Hyderabad, Ncr, Purpose Vehicles, Real Estate Developer, Realty Firm, Residential Projects, Saket, Special Purpose, Talks With Private Equity, Unitech
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January 9, 2009 – 12:58 am
The adverse effects of the Satyam fiasco are not only going to be felt by the IT industry. Even the real estate sector is worried. If global clients and investors in the IT domain decide that India is not the best place to dabble in for the moment, then there is going to be an [...]
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Also tagged Absorption Rate, Commercial Office Space, Commercial Space, Cushman, Fiasco, Global Clients, Global Real Estate, Global Slowdown, Leading Real Estate, Ncr, Real Estate Consultants, Real Estate Developer, Real Estate Sector, Residential Space, S Real Estate
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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, Gurgaon, Home Developers, Housing Projects, Housing Units, Income Category, Income Housing, india, Major Real Estate, Pune, Real Estate Developer, Residential Projects, Slump
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December 10, 2008 – 1:39 am
Realty major UNITECH LTD plans to invest about Rs 2,500 crore to develop 35 hotels across India over the next seven years. Unitech managing director Sanjay Chandra said the firm would develop 35 hotels in the next six to seven years and already had land in many cities at prime locations. * The hotels would [...]
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Also tagged Assam, Bangalore, Chandigarh, Chandra, Chennai, Goa, Hotels India, Hyderabad, Invest, Mysore, Ncr, Prime Locations, Siliguri, Unitech Ltd
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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. [...]
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Also tagged Assocham, Bangalore, Business Environment, Chennai, Educational Institutes, Employment Opportunity, Hyderabad, Infrastructure Business, Infrastructure Facilities, Lucknow, Metro City, Metro Status, Pulse Study, Second City, Social Infrastructure, Tier Ii
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September 5, 2008 – 3:41 am
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 [...]
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Also tagged Agra, Big Bazaar, Ceo., Chandigarh, Cuttack, india, Investment, Kishore Biyani, Mumbai Delhi, Mysore, Pune, Rajan Malhotra, Retail Chain, Solapur, Subsidiary, Surat
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August 19, 2008 – 4:55 am
Days after Chief Minister Buddadeb Bhattacharjee declared that Indonesia-based Salim group’s Expressway was put on hold due to the land acquirement problem, Prasoon Mukherjee, Salim Group’s pointsman and chairman of NKID (New Kolkata Infrastructure Development) expressed confidence that the other jumbo projects of the Group, including the PCPIR, are on track. Mukherjee said “We have [...]
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Also tagged Bengal, Chief Minister, Crore, Expressway Project, indonesia, Infrastructure Development, Land Survey, Major Projects, Proportion, salim group, State Government
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Realty firms seem to have lost their appetite for properties in Kolkata, where developers such as Emaar MGF Land Ltd and DLF Ltd were fighting to secure plots for building luxury hotels. For the first time, a tender to lease out a prime 10-acre plot on the western fringes of the city is being scrapped [...]
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Also tagged Dlf, Emaar MGF, Five Acres, Kmda, Land Ltd, Life Insurance Corporation, Life Insurance Corporation Of India, Luxury Hotels, Metropolitan Development, Properties In Kolkata, Realty Firms, Star Hotel, Storey Towers
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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 [...]
Tech Mahindra announced a capex plan of Rs. 638 crore ($150 million) for next three years, 60% of which will go as investments in physical infrastructure such as buildings and real estate while 40% will be used for enhancing technology. The company plans to open new centres in Belfast (Ireland), Milton Keynes (UK), Chandigarh and [...]
KOLKATA: JaiBalaji Steel, which is investing Rs. 16,000 crore to set up a five million tonnes steel plant in West Bengal, is set to begin construction by this year on its project located in Raghunathpur in Purulia, which is one of the backward districts in the country. Addressing a press conference here, Aditya Jajodia, Chairman [...]
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 [...]
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Also tagged Capex, Capital Expenditure, Chief Financial Officer, Developing Technology, Hyderabad, Infrastructure, 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 [...]
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Also tagged Asansol, Bengal Ambuja, Calcutta, Ccpl, Eastern India, Eastern Sector, Goa, Hyderabad, Inox Leisure, Jessore Road, Mangalore
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Mumbai, With the Indian real estate market slated to grow 35-40% in value terms over the next two years, private equity (PE) players are lining up significant investments in the segment. Led by Blackstone and the PE arm of Deutsche Bank, a host of players—including Red Fort Capital Advisors, Starwood Capital and Walton Street—are expected [...]
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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Posted in Real Estate Information, Real Estate Investment
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Also tagged Commercial Projects., Conglomerate, Gurgaon, Hospitality Industries, Hospitality Sector, Hotel Projects, Indian Telecom, London Stock Exchange, Project, Residential Projects, Resort Projects, Russian, Telecom Business, Tourism Business
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Kolkata, which had lost out to other metros in the frenzied run for realty, is catching up big time. This week the Apeejay group, which owns The Park Hotels, bagged a prime 3.35-acre property along Kolkata’s eastern metropolitan bypass for Rs 135.77 crore. The group, which already has a hotel on Park Street in downtown [...]
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, [...]
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 [...]
February 29, 2008 – 7:32 am
Singapore’s largest private property developer, the $4-billion Far East Organization, is keen to get a toehold in India. The Singapore conglomerate is talking to prospective Indian partners for its proposed foray in the booming realty market, especially in major metros like Delhi, Mumbai, Kolkata and Chennai. Mr.Chia Boon Kuah, executive director, said “We are talking [...]
February 19, 2008 – 6:26 am
Excessive delay in land acquisition by the West Bengal government has disrupted the expansion plan of Tata Metaliks (TML) in Kolkata. Mr. Harsh K Jha, Managing Director, TML, told the reporter on Monday that the company had applied for 350 acres of land near the existing plant at Kharagpur for expansion in February 2005. Further [...]
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