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 generate [...]
August 21, 2008 – 5:10 am
Berggruen Holdings, a New York-based private investment company, which is setting up a series of three- and four-star hotels under its arm Berggruen Hotels, will invest over Rs 1,000 crore in India till 2012.
This quantum will be funded through a debt-equity ratio of 2:1. The company has tied up with IDFC for a loan of [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition Spree, Berggruen Holdings, Chief Marketing Officer, Crore Rupees, Debt Equity Ratio, Four Star Hotels, Greenfield Projects, Hotel industry, Hoteliers, Industry Analysts, Jaipur, North Africa Region, Overseas Ventures, Private Investment Company, Realty Market, South Asia, South East Asia, Thiruvananthapuram
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Real-estate firm DS Kulkarni Developers Ltd said on Wednesday that it has sold 50% in a unit setting up a premium Bangalore residential project to ICICI Prudential PMS Real Estate Portfolio, for 350 million rupees. ICICI Prudential PMS has invested in the project at the land acquisition stage.
Last week, D S Kulkarni sold 50 % [...]
The famed Nano City project of Hotmail man Sabeer Bhatia, is all set to get a partner soon and that will be realtor Parsvnath Developers. As Sabeer arrives in India on July 10, final decisions will be taken about handing over 30-38% equity stake in the project to Parsvnath Developers.
A senior official of Nanocity Developers [...]
By manish
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Posted in Real Estate News
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Also tagged Bio Technology, City, Commercial, Drug Discovery, Educational Institutions, Golf Courses, Hotmail, Nano, Parsvnath Developers, Sabeer Bhatia, Semiconductor Research
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Real estate developer DLF will soon get around 5000 acres near Greater Noida at less than market rate under the Taj Expressway Industrial Development Authority’s (TEA) scheme. Jaypee group, too, has qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in queue for 2,500 acres each.
TEA additional CEO C S Verma said [...]
By Rajani
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Posted in Real Estate News
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Also tagged Allotment, Ceo., Developers., Development Zone, Economic Zones, Entire Project, Farmers, Favour, Greater Noida, Haryana, Onus, Punj Lloyd, Queue, Real Estate Developer, Tax Benefit, Tea, Time And Money, Unitech
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Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition, Belapur, Cash Crunch, Commercial, Connaught Place, Distant Suburbs, Knight Frank, Land Deals, Land Purchase, Landbank, Leela Group, Omaxe, Parsvnath Developers, Property Consultancy Firm, Property Developers, Real Estate Sector, Videocon Industries
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MUMBAI - Real estate firm Mahindra Lifespace Developers Ltd may consider private equity funding for some of its projects, but has no immediate plans to dilute its stake, a top official said.
By manish
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Posted in Real Estate News
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Also tagged Arch Capital, Chennai, Lifespace, Maharashtra, Mahindra Lifespace, Mumbai Market, Nagpur, Private Equity Fund, projects, Pune, Residential Project, special economic zone, Townships
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The soaring land deals in prime location of metro cities, which had scaled astronomical levels in the past few years, seem to be losing steam. The deals being struck this year are at increasingly lower prices than the ones last year.
Parsvnath Developers has bought 1.18 acre land, jointly owned by Mahajan Industries and Videocon group [...]
By Rajani
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Posted in Real Estate News
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Also tagged Astronomical, Borrowing Cost, Connaught Place, Hotel, Hotel Major, Land, Land Deals, Leela Group, market, Metro City, Prime Location, Prime Locations, Properties, Real Estate, Retail Office, Speculator
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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 [...]
February 18, 2008 – 5:08 am
February 17, Mumbai. As land prices is rising, large business houses now appear to be increasingly aware of their excess property holdings and the valuations it could fetch in addition to their regular stream of businesses.
Hindustan Unilever, A multi-national, has an extensive property portfolio. HUL has entered the property development business in a big way [...]
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