Morgan Stanley plans to invest; for the first time in India, in a commercial project. Morgan Stanley will invest in Bandra Kurla Complex in Mumbai. Morgan Stanley is not a new name for the Indian real estate players who have seen the firm investing in India. However, all their investments were in the residential sector […]
Tag: Mumbai
Mumbai And Delhi Placed Among World’s Cheapest Cities
February 13, 2013 – 7:23 pm
Economist Intelligence Unit’s survey stated that top Indian cities Mumbai and Delhi are in the bottom level of world’s most expensive cities. The most expensive cities of India thus have found place among cheapest cities of the world. Economist Intelligence Unit has recently conducted a survey among top 131 cities of the world. The survey […]
Property Investments In Tier 2 Cities Are More Profitable
January 14, 2013 – 8:38 pm
With better growth rate and existing lower property prices, tier 2 cities have become more profitable destinations for property investments. Due to many reasons property investments in such cities are more profitable and preferred now. The tier 2 cities of India now offer better returns to the investors and so the property investors of India […]
Mumbai: Commercial Realty Offers Big Opportunities
April 27, 2012 – 5:43 pm
The number of high net worth investors (HNIs) and corporates seriously looking to invest in Indian office space has increased manifold in the last few years. Mumbai continues as India’s numerous office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital. As South Asia’s only true financial […]
Realty projects, roads to help build-up for Unity Infraprojects
April 16, 2012 – 6:32 pm
Healthy order book, strong balance sheet and the potential to unlock value from real estate projects make Unity Infraprojects a decent investment idea on a medium-term basis. Mumbai-based Unity Infraprojects is a small-sized construction firm operating in buildings, water and roads segments. The company is also developing real estate on its land parcels in Nagpur, Bangalore, Pune, Kolkata […]
Bangalore: More about Office….Office.
April 14, 2012 – 6:42 pm
While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq. ft. across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq. ft. While six mil sq. ft. […]
JLL says Residential Realty Sector is set to appreciate in 6 months.
April 7, 2012 – 4:27 pm
Jones Lang LaSalle India, a global research firm in the real estate sector, says that prices of residential units in India in the next six months should witness marginal appreciation. JLL says: “Over 60% of residential launches in the Top 7 cities (mostly in cities other than the NCR and Mumbai) are priced in the range of Rs […]
Hindustan Unilever Ltd sells leasehold rights for Mumbai property.
April 5, 2012 – 2:07 pm
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty. HUL and entities of Piramal Realty have signed an agreement for assignment of HUL’s leasehold rights of the land and building named ‘Gulita’ […]
Realty Estate Industry: A look at urban investments in Mumbai.
April 4, 2012 – 11:09 pm
India’s growth story has many facets; one of the integral parts of growth – and arguably the most important one – is urbanization. In fast-growing economies, cities are significant investment and employment generators, which in turn carry the growth momentum forward. The sustainability and liveability of any city depends largely on the quality of its […]
Mumbai gives little hope for home buyers.
April 4, 2012 – 11:07 pm
In a recent report, Jones Lang LaSalle said that Mumbai seems to be in a tighter spot with Rs275 billion being sunk in land since FDI (foreign direct investment) was allowed in real estate in 2005; most of which has failed to yield returns. Even many investments done in South Bombay once named as one of the […]
Trump scion says India is a top focus for realty mogul.
April 4, 2012 – 11:03 pm
Trump’s eponymous real estate group expects to sign multiple deals for Indian residential projects and hotel contracts over the next five years, despite a market riddled by regulatory uncertainty and bureaucratic red tape. “India, among other emerging markets, is the biggest push for our organisation,” Donald Trump Jr, an executive vice president of The Trump […]
Leela Kovalam, Noida, one among the top high-value sellers in Asia.
April 2, 2012 – 1:49 pm
The sale of Leela Kempinski Kovalam was among the top 10 hotel deals in Asia during the past one year, shows data from the US-based research firm Real Capital Analytics. Real Capital, which tracks and analyses real estate deals worth over $10 million across apartments, hotels, retail, industrial, office and development projects over the world, […]
Chennai leads Indian Real Estate Sector.
March 30, 2012 – 3:57 pm
In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas buyers this year. The Indian property market will see more investment from overseas this year as it still remains an attractive […]
Indian Real Estate Sector may gain due to Gudi Padwa.
March 28, 2012 – 4:51 pm
The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a priced possession and they do not sell and buy residential properties often. They wait for an auspicious date to such transactions.Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence […]
Hike in Stamp Duty report in Maharashtra for the Real Estate Sector.
March 27, 2012 – 1:19 pm
Shares of real estate companies with significant exposure in Mumbai slumped in a weak market today after media reports surfaced that the Maharashtra government proposes to hike stamp duty for properties. Shares of realty players like India Bulls, Oberoi and HDIL today slumped as much as 6 per cent after reports that the state government […]
Indian developers will showcase properties to NRI investors at Doha exhibition.
March 15, 2012 – 6:35 pm
It is the 20th India Property Exhibition in Doha on Friday which will showcase more than 100 projects spread across New Delhi, the National Capital Region, Jaipur, Mumbai, Pune, Goa, Hyderabad and several other cities. In this exhibition, Indian developers will offer NRI investors a wide choice of properties across India which is going to start on 16th March […]
Anil Ambani’s answer to Antilla
December 8, 2010 – 6:24 pm
Antillia, Mukesh Ambani’s 4500 cr Altamount Road residence and world’s most expensive family home, will soon have competition from Anil Ambani’s new house at Bandra’s Pali Hill. Antillia towers hover almost all of south Mumbai at 170 m, if Anil’s 150 m new house gets the clearance, it would dwarf everything in its sight in […]
IT Majors in big Realty Deals
December 7, 2010 – 4:17 pm
On the road to rapid recovery from recession, many large IT firms are signing up big commercial real estate deals in different parts of Bangalore. According to sources, Accenture has committed to take 8 lacs square feet in Pritech Park on the Outer Ring Road in Bangalore. HP and Wipro are said to have recently […]
REAL plans for Godrej
December 4, 2010 – 10:28 pm
Godrej Properties Limited (GPL), real estate segment of Godrej Group, has revealed its plans for the development of residential housing project at Mohali in Punjab, involving a capital of about four hundred and fifty crore rupees. The company also has future plans for several cities, including NCR, Mumbai, Bangalore, Pune, Chennai and Chandigarh for development […]
Revival of Realty
March 21, 2010 – 3:47 pm
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 […]
ITAT ruling likely to boost redevelopment of Mumbai
January 2, 2009 – 3:52 am
From now on, tax cannot be levied on the money paid by a builder to a housing society or private individual for redevelopment of property, the Income Tax Appellate Tribunal (ITAT) has said in a recent order. The verdict is expected to give a boost to the redevelopment business in Mumbai which has over 35,000 […]
Merrill buys into Rajlaxmi’s new warehousing project
November 14, 2008 – 1:23 am
Merrill Lynch, the US-based investment bank, has picked up a minority equity stake in Hyderabad-based logistics provider Shree Rajlaxmi group’s upcoming warehousing development project for an undisclosed amount. “The project is a high-quality warehousing development that offers solutions to customers to enhance efficiency in their distribution channels,” said Rajlaxmi group director Anish Damodaran. The group […]
DS Kulkarni To Invest Rs 30 Million
September 30, 2008 – 4:00 am
The board of directors of DS Kulkarni Developers at its meeting held on Sep. 27, 2008, has approved the investment in DSK Global up to Rs 30 million to make it a subsidiary. The board has also approved the fixed deposit scheme of the company for the year 2008-2009. DS Kulkarni Developers is a real […]
Eighty Percent Of The Total Constructed Area For Financial Services In Mumbai
September 2, 2008 – 6:35 am
MUMBAI: India’s hottest property market, Mumbai, could see some shakeup in the commercial realty space. In a significant development, the Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At […]
