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 […]
Tag: Retail Sector
Olive Group Expanding To IT Sector
August 28, 2008 – 9:20 am
After completing 25 years in real estate industry, Mumbai-based Olive Group is expanding to Information Technology (IT) sector. Speaking to mediapersons here, P V Mathai, Chairman of Olive Builders, said as part of the diversification, it would associate with the USA-based Millennium Consultant Inc, a leading software company, which has operations in Bangalore and Kochi. […]
Bahrain’s TAIB Bank shells out Rs 216 cr for 26% in Anant Raj
July 24, 2008 – 5:48 am
In the midst of a general slow down in the Indian real estate market, TAIB Bank, a leading private bank based in Bahrain, has picked up a 26% stake in Anant Raj Projects for Rs 216 crore. The deal, one of the first Shari’ah-compliant transactions in the Indian real estate industry, puts the valuation of […]
RBI Limits Private And Public Sector Banks For NRI Matters
June 28, 2008 – 1:26 am
NRI loan interest rate depends a lot on the reason of borrowing. When the reason is to invest in share or commercial immovable property market, the interest rate to be paid is higher than any loan borrowed by the NRI to be invested at an employment generating project.
Airports to emerge as business hubs
May 19, 2008 – 3:39 am
NEW DELHI: All new airports in the country will emerge as business nucleus with world class office, hospitality and retail space. The modernization and development of airports will not only provide the facelift to respective cities but also improve the real estate sector, said a report by Cushman & Wakefield.
Rs 600 Crore Revenue Generated By Delhi Metro In Ist Phase
May 19, 2008 – 3:38 am
NEW DELHI: Delhi Metro has produced six hundred crore revenue from the commercial use of its property during the first phase of the Metro project. The real revenue generation is approximately double the target, thanks to skyrocketing commercial property prices and growing demand from retail sector and IT companies. Buoyed by the excellent response, DMRC […]
