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 […]
Tag: Mumbai
Trump Jr. Plans $1 Billion Fund for India Property Acquisitions
July 22, 2008 – 4:29 am
Donald Trump Jr., whose father built a multi-billion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation’s economic growth. New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to […]
Realty Slump Affects AIM
July 3, 2008 – 7:09 am
A slump in the Indian real estate market has cast a shadow on the property funds listed on London’s Alternative Investment Market (AIM). All the five India-focused property funds floated by local developers have been under-performing in the past two months. On an average, they registered an 18% negative return over the last two months. […]
Malls In Small Towns
June 25, 2008 – 6:55 am
Now small towns will also have value malls. Mirroring its cinema infrastructure model, E-CITY Ventures, part of the Essel Group, is setting up forty-five value malls aggregating ten million square feet in emerging real estate cities. Mr. Atul Goel, CEO, E-CITY Ventures, said, “For this project, we are looking at equity funding of Rs 450 […]
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 […]
Retail real estate to see up to $10 bn investment by FY10
May 1, 2008 – 7:49 am
Mumbai, Apr 30 Developers and private equity players are set to put India’s retail space market on full throttle with investments worth around$5 -10 billion in FY09-FY10. In moves that would lend retail space gigantic proportions, the Runwal Group and Singapore’s GIC will use a joint venture to launch a ‘Our City Centre’ retail mall over […]
Unitech To Launch A Mid-Income Project
April 29, 2008 – 5:48 am
Unitech Ltd plans to launch a mid-income project of 1,200 square feet houses in Greater Noida at Rs.2750 – sees potential demand. This will be followed by Residential launches in Chennai and Hyderabad shortly. The company is also accumulating more land parcels in Mumbai through slum rehab, will disclose once formalities completed.
Indian Property Expo In Qatar
April 26, 2008 – 8:57 am
Doha: All most thirty builders from various parts of India are showcasing their projects at Homes of India, the largest Indian property expo in Qatar, at the Ramada Plaza hotel. The two-day expo was opened yesterday by Dr Mohan Thomas, President of the Indian Community Benevolent Fund.
No Chance Of Slow Down In Hotel Industry
April 23, 2008 – 5:16 am
Hotel industry in India has shown strong growth in last financial year. Though hotel occupancies in Bangalore, Hyderabad and Pune dipped marginally owing to over capacity, average room rates for branded hotels across star categories continue to witness robust growth in most cities.
Rs 1,000 cr via third fund will be raised by Indiareit
April 22, 2008 – 4:31 am
Indiareit Fund Advisors, the Ajay Piramal-promoted real estate investment fund, is planning to introduce its third domestic fund to raise Rs 1,000 crore. Talking to DNA Money, Ramesh Jogani, the fund’s CEO and MD, confirmed the development but did not disclosed details. Jogani said, “In the subsequent two years we will introduce our fourth domestic […]
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 […]
K Raheja enter in logistics business
April 10, 2008 – 8:32 am
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 […]
Premier Indian Hotel Company Expands Business Abroad
April 3, 2008 – 8:18 am
Indian hotel companies are showing their interest in spreading their business to abroad. Taj Hotel Resorts and Palaces plans to establish one of its world class hotel or resort in either Palawan (Island) or Makati. Taj Hotels Resorts and Palaces chain is more than a century old. It comprises of fifty-seven hotels in forty locations across India […]
Wait and watch before investing
March 28, 2008 – 3:13 am
An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
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 […]
Hinduja Group appoints Ravinder Babbar as COO
March 7, 2008 – 3:32 am
Hinduga group one of the leading diversified groups in the world, today announced the appointment of Ravinder Babbar as COO for Aasia Properties Development Ltd., the real estate arm of the group.
Wonderla plans Rs 150 crore expansions
February 14, 2008 – 1:54 am
Wonderla, the amusement park promoted by the Kerala-based V-Guard, is looking to set up a theme park in Mumbai with an investment of Rs 150 crore. This will be the second one for the company after its theme-park at Bidadi near Bangalore. The company has already acquired around 80 acres and plans to acquire further […]
DLF Third Quarter profit 21.45 billion rupees
February 1, 2008 – 1:31 am
MUMBAI (Thomson Financial) – Indian real estate developer DLF Ltd said its strengthened third-quarter net profit was 21.45 bln Indian rupees on revenues of 36.51 bln rupees. Results are not comparable with the identical period last year as it was an unlisted company at that time, and that it does not have results for the […]
Facts Regarding Property Dealing With NRI
January 28, 2008 – 5:56 am
There are some queries regarding property dealing with NRI, which always create confusion. The most confusing matter is that when Reserve Bank’s permission is mandatory and when there is no need of all that stuff. Non-resident Indian do not require permission from the Reserve Bank to acquire residential or commercial property. The Reserve Bank has […]
