Chennai-based Shriram Group has finalized plans to come into the market for low-budget homes aimed at middle-income groups. Shriram is the latest property developer to try and tap into affordable housing segment as demand for real estate slumps in a slowing economy. Bangalore headquartered Shriram Properties will invest Rs. 500 crore over three years to […]
Tag: Property Developer
Plaza Centers Signed JV Israel-based Elbit Imaging
August 27, 2008 – 2:58 am
Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India. The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory […]
ETA Star to venture into Indian hospitality
March 7, 2008 – 12:00 am
Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India. The properties developed by ETA Star Properties will be managed by their […]
Indiabulls Real Estate buys entire stakes in UK unit
February 28, 2008 – 5:48 am
MUMBAI – Indiabulls Real Estate Ltd said on Thursday its board had approved acquiring the entire stakes in Dev Property Development Plc in a 138- million-pound sterling (10.9 billion rupees) share-swap deal. Dev, which listed on London’s junior stock exchange in 2007, is promoted by the Indian property developer and holds stakes in several of […]
Amazing Offer From DAMAC
February 7, 2008 – 7:27 am
Damac Properties is offering a jet plane worth Dh 5.5 m and a Dh1m private island in the Caribbean in a lucky draw for property buyers at this year’s Dubai Shopping Festival. Damac said that the lucky winners could get an Eclipse 500 jet plane and the private island in the Caribbean. Offers can also […]
