December 13, 2010 – 6:38 pm
As the Delhi metro rail moves to the various parts of the national capital region, easing the day to day life of locals in the capital, market watchers term it as a perfect opportunity to expand its real estate business. Most of the people are seeking rental accommodation close to metro stations, which is making life [...]
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 [...]
December 6, 2010 – 5:36 pm
In a press conference today, Realty firm Chintels India Ltd. said it will invest about Rs 310 cr over the next 3 years to develop a residential project in the National Capital Region. The company has already acquired 12.3 acres of land for Rs 103 cr. Chintels India Ltd. has been active in the field [...]
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 [...]
September 4, 2009 – 5:19 pm
Amrapali Group has announced plans to invest Rs.15,000 crore in coming 5 years to develop various projects across the country. It is also considering coming out with IPO within this financial year if the global market scenario improves. Amrapali group announced the launch of a 400-unit housing project in Ghaziabad with an investment of Rs.125 [...]
September 4, 2009 – 12:04 pm
Due to the major hike in property prices in metros most of the people are showing interest for small cities. The new name in this list is the Neharpar city in Faridabad. Buyers as well as developers are started looking at Neharpar as the emerging real estate investment destination. It is supposed to become the [...]
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, Kolkata, 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, Kolkata, Leading Real Estate, Real Estate Consultants, Real Estate Developer, Real Estate Sector, Residential Space, S Real Estate
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January 7, 2009 – 4:57 am
DLF, Parsvnath and other real estate developers have lagged behind by 54% in their target to open retail space even as retailers’ vacancy climbed to 16% last year. Cash-strapped real estate developers failed to deliver eleven million square feet of retail space in 2008, according to a study released by Cushman & Wakefield. Out of [...]
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Also tagged Construction Delays, Cushman, Economic Slowdown, Major Cities, Mismatch, Operational Cost, Parsvnath, Real Estate Developers, Retail Malls, Retail Projects, Retail Sector, Retail Services, Retail Space, Shortfall, Slow Absorption, Square Feet Space, Target, Wakefield
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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, Kolkata, Mysore, Prime Locations, Siliguri, Unitech Ltd
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November 7, 2008 – 11:32 pm
DLF Vice-chairman Rajiv Singh says the company would try and fill the gap in its portfolio by acquiring suitable assets which come up for distress sale in a depressed real estate market. “We will be prepared to look at opportunities, but won’t pick up something just because it’s cheap. However, there are some gaps in [...]
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Also tagged Apprehension, Dlf, External Environment, Global Economic Turmoil, Group Company, Mnc, Net Profit, Office Space, Promoter Group, Rajiv Singh, Receivables, Space Requirements
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The general economic slowdown has started impacting the commercial real estate sector as was obvious by slower uptake during the April-June period of the year. During the period, commercial real estate demand was only at 9.74 million square feet as against the supply of 18.07 million sq.ft, commercial real estate services firm Cushman & Wakefield [...]
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Also tagged April, Chennai, Commercial Real Estate, Consumers, Corporations, Cushman Wakefield, Economic Slowdown, Economy, Real Estate, Real Estate Sector, Real Estate Services, Rental Values
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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 [...]
A few years ago, DDA and GDA used to make one-bedroom flats in a big way. These one-bedroom flats can be seen in numerous parts of the capital, and in Ghaziabad. Thousand of people live in these flats with their families. Nowadays, there are ample buyers for such one-bedroom flats; the prestigious real estate firms [...]
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Also tagged 1BHK, Anil Sharma, Apartment, Bedroom, Enormous Demand, Existence, Financial Incentives, Flats, Ghaziabad, Home Loan, house, Real Estate Firms, Real Estate Market
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This led to the expansion of the Delhi Mass speedy Transit System, or Delhi Metro as it is known. The success of this transport network that began procedure in December 2002 now sees it as not only the public transportation of choice, but the model itself has become the standard for the development of other [...]
The rush in real estate prices and a talent crisis in metros are forcing the $11 billion Indian BPO industry to shift to Tier II cities in the country, according to a study conducted by consultancy firm Everest Group. “It is difficult to maintain the growth in Tier I cities because of the increasing real [...]
Deutsche Bank has raise up close to 40 percent stake in Ramprastha Promoters and Developers. Ramprastha Promotors and Developers is a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR).
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.
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