Aarti Yadav, an IT sector worker adjourned her plan to buy a new home, is searching for a 2BHK apartment in Hinjewadi according to her budget. Job security, easy sanction of home loans and other signals of economy being back on track are attracting many others, who were in a wait-and-watch mode, to buy flats, [...]
October 9, 2009 – 5:51 pm
Pune-based real estate developer Mr Nitin Nyati has made a foray into the hospitality segment with the launch of the Corinthians Boutique Hotel. Mr Nitin Nyati, Chairman-Nyati Group, said, “Entering the hospitality business was a logical extension of our existing Club business. After market research and analysis, we decided to create a destination hotel.” The [...]
December 19, 2008 – 5:57 am
With PSU banks finally offering attractive interest rates for home loans below Rs 20 lakh, the assumption was that it would spur demand in smaller towns where housing is cheaper. As getting a Rs 20 lakh home loan just got cheaper at a 9.5% interest rate, buyers flock and builders revel, a welcome break after [...]
By rajani
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Posted in Real Estate News
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Also tagged Attractive Interest Rates, Attractive Package, Bhubaneswar, Dream Home, Home Loans, Homebuyers, Liquidity Position, Localities, Orissa, Psu Banks, Real Estate Developers, Real Estate Developers Association, Realty, State Banks
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December 16, 2008 – 4:46 am
DLF, India’s major real estate developer, announced that it plans to invest Rs 150 billion over the coming three fiscals to construct various residential projects across the country. The company has raised Rs 16,750 million as private equity in eight projects in November 2007. According to sources, DLF Home Developers, the wholly-owned arm of DLF, [...]
By rajani
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Posted in Real Estate News
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Also tagged Bangalore, Gurgaon, Home Developers, Housing Projects, Housing Units, Income Category, Income Housing, india, Kolkata, Major Real Estate, Real Estate Developer, Residential Projects, Slump
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October 15, 2008 – 7:53 am
Choice Hotels is deciding to invest fifteen hundred crore rupees over coming two years to double the number of its hotels from the present twenty-five to fifty across India. The company has already started construction of twenty-one more hotels and has tied up with various construction companies. Choice hotels has done dealing with Amrapali group, [...]
By rajani
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Posted in Real Estate News
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Also tagged Amritsar, Asterix, Bangalore, Bathinda, Chandigarh, Chennai, Choice Hotels, Goa, Gurgaon, Hotel, Hyderabad, india, Ludhiana, Manesar, Noida, Sabri
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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 [...]
By rajani
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Posted in Real Estate News
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Also tagged 30 Million, Board Of Directors, BSE, Deposit Scheme, Developers., Estate Projects, Fixed Deposit, Invest, Mumbai, Real Estate Developer, Subsidiary
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September 5, 2008 – 3:41 am
Retail chain Big Bazaar plans to open 15 more stores by November end, some of them in new markets, at an investment of Rs 1,500-1,600 crore. With this, Big Bazaar, a subsidiary of the Kishore Biyani-spearheaded Pantaloon Group, will have 112 stores pan-India by November, a top company official said. Big Bazaar is targeting a [...]
By admin
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Posted in Real Estate News
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Also tagged Agra, Big Bazaar, Ceo., Chandigarh, Cuttack, india, Investment, Kishore Biyani, Kolkata, Mumbai Delhi, Mysore, Rajan Malhotra, Retail Chain, Solapur, Subsidiary, Surat
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Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations. Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income [...]
The Indian real estate market is set to witness the entry of investors like Gaziz Globe and Big Shopping Group from Israel, Mirax from Russia and a few others from Eastern and Western Europe. Together, these investors are likely to invest around Rs 10,000 crore in Indian property that is FDI compliant, in the coming [...]
By admin
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Posted in Real Estate News
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Also tagged Amp, Banks, Developers., FDI, Globe, Goa, Israel, Jones Lang Lasalle Meghraj, Retail Projects, Russia, Western Europe
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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 [...]
Unity Infraproject has announced it’s FY08 results. Unity Infra project’s profit after tax (PAT) for FY2008 stood at Rs 600 million, up 42% from Rs 423 million in FY2007. EPS for FY2008 was Rs 44.9 versusRs 32.9 in FY2007, a growth of 36%. Out of the current order book, 56% pertains to government and 44% [...]
Magarpatta‘s Nanded City Pune closes it’s offer of phase 1 with a promise to open 2nd phase in December 2008 On the foundation of frustration about Pune real estate market and desperation about housing, ‘Nanded City Pune’ developed huge hope in the minds of the property buyers.
The Eaap Directory 2008 – published by the Estate Agents Association of Pune – was released previous week by Mayor Rajlaxmi Bhosle, Police Commissioner Jayant Umranikar and PBAB president Lalit Kumar Jain at a glittering ceremony held at the Corinthians Club.
Pune:- By the 2020 Pune will be nothing like what the city is these days. The small city’s boundaries are being stretched in all directions. Now, the city is gaining suburbia around itself. Adding another totally new dimension to the city is the rush of integrated townships into Pune. The city is set to reap [...]
By admin
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Posted in Real Estate News
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Also tagged Blue Ridge and Megapolis, Hcc, Kumar Builders, Maharashtra Construction Co, Maharastra., Paranjape Schemes, Pegasus Properties Pvt Ltd, Policy Act, Public Infrastructure, Social Infrastructure, Township, Townships
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Ahmedabad, May 7 The Pune-based Vascon Engineers Limited has initiated construction of the state’s first Information Technology Enabled Services (ITES) SEZ at Sanathal village off the Sarkhej-Gandhinagar highway.
By admin
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Posted in Real Estate News
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Also tagged Ahmedabad, Construction Business, Developers., Gujarat, Hub, information technology, Maharashtra, Pristine Properties, Real Estate, State Government, Western India
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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 admin
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Posted in Real Estate News
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Also tagged Arch Capital, Chennai, Land Acquisition, Lifespace, Maharashtra, Mahindra Lifespace, Mumbai Market, Nagpur, Private Equity Fund, projects, Residential Project, special economic zone, Townships
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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.
By admin
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Posted in Real Estate News
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Also tagged Bangalore and Chennai., Cochin, Delhi, Doha, Hyderabad, Indian property expo, indian real-estate, Jaipur, Kannur, Mumbai, Munnar, Thalassery, Thiruvananthapuram, Thrissur
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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.
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 [...]
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 [...]
Pune-based promoter and developer, the Amrut Runwal Group, is all set to venture into the hospitality industry. The group will begin with a five star property in Pune, which is scheduled to open by June 2009. “In order to diversify business operations, the Amrut Runwal Group decided to enter the hospitality industry. Since Pune is [...]
By admin
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Posted in Real Estate News
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Also tagged Amrut, Hospitality Business, Hospitality Industry, Hotel Group, Hotels, india, Ramada, Real Estate, Star Properties, Star Property, Wyndham Hotel
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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 [...]
The building sector in Pune and neighbouring areas is in terrible straits. The mass exodus of migrant workers from UP and Bihar, following alleged threats from Raj Thackeray’s Maharashtra Navnirman Sena, has forced builders to invoke the force majeure clause to escape liabilities of delays and cost overruns.
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