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Jaypee Greens Sports City announced in Greater Noida

Photo by Carlos Lorenzo
Jaiprakash Associates (Jaypee Greens) have announced the launch of their new project “Jaypee Greens Sports City”, a luxury township with residential and sports facilities, near the Taj Expressway (connecting Greater Noida to Agra). “The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational facilities,” [...]

Eighth Indus India Property Exhibition Will Be Held In Doha

The eighth Indus India Property Exhibition will be held on 19 and 20 September at Giwana Ball room of the Ramada Plaza in Doha.
The exhibition will display some of the leading names in the Indian real estate sector. Some of the foremost builders and housing finance institutions from India would be taking part in the [...]

FIIs Reduced Investment In Real Estate

BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year.
According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional investors [...]

Jai Corporation To Raise Rs 5,686 Crore Through Venture Capital

Anand Jain-controlled Jai Corporation, an infrastructure company, has raised commitments worth five thousand six hundred eighty six crore rupeees through its venture capital management company’s two funds.
Urban Infrastructure Venture Capital, the company’s venture capital company, is the Indian Advisor to UIREF, a Mauritius-based offshore fund that invests in Indian real estate.
Urban Infrastructure Real Estate Fund, [...]

Real Estate Industry Predict Growth

Affected by slowdown and reported corrections in prices, the country’s real estate industry predict growth in the long term despite costly home loans and lack of funding for realty projects.
According to a most recent study by Ernst & Young and FICCI on the country’s real estate scenario, about 62% of the respondent developers expected [...]

Mid-range Properties Rental In Banglore

Bangalore’s residential rentals in central locations for mid-range properties for second quarter of 2008 have recorded peak values. Mid-range developments are properties quoting rentals between Rs 100,000- 120,000 monthly.

Saffron Asset To Launch Three New Funds

Saffron Asset Advisors, a private equity player, is planning to launch three new funds in hospitality, logistics and infrastructure early on 2010. Ajoy Veer Kapoor, founder and managing director, Saffron Asset Advisors told FE, “We are planning a five hundred million dollar infrastructure fund, and will introduce two hundred million dollar hospitality and logistics funds. [...]

REBI Is Planning To set Up 3,000 Franchisees Across The Country

Real Estate Bank India (REBI), is planning to set up three thousand franchisees across the country, with about forty eight outlets in West Bengal in the next few years.
Across the eastern region, REBI would open two hundred stores, said Hemant Sikaria, regional head of REBI, on the occasion of launch of two-day expo, Franchise Expo [...]

State Government Granted SEZ Status To JSW Steel Plant Project

KOLKATA: The state government has granted to a proposal for granting SEZ status to the JSW steel plant project at Salboni with specific pre-conditions, in addition to which it has approved the acquisition of 3500 acres for Aerotropolis project containing a private airport and real estate at Andal.
The Cabinet sub committee on industry agreed to [...]

ED Suspects Russian Land Mafia Behind FEMA Violation In Goa

The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia.
The agency suspects that some Indian companies that bought large plots in the [...]

HDIL Will Buy Land To Relocate 80,000 Slum Families

Housing Development and Infrastructure Ltd (HDIL), India’s third largest developer by market value, plans to raise Rs1,000 crore within a year to buy land and relocate 80,000 slum families for the Mumbai airport modernization project. The project will entail the country’s single largest rehabilitation exercise, even bigger than the Dharavi project, which will relocate 55,000 [...]

Major Realty Firm Now Bids For National Highway Project

Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build [...]

Mahindra and Mahindra Limited Will Invest In Real Estate And It Sector

Kolkata: Although bullish about the investment opportunities in the state, Mahindra and Mahindra Limited does not have any immediate plan to invest here through its regular brands. Any investment here will rather be in the real estate and IT sectors, Mr Anand Mahindra, vice-chairman and managing director of Mahindra and Mahindra Limited said.
He was speaking [...]

PBEL City In Hyderabad Development Corridor

Mr Anand Reddy, Director of PBEL Property Development India Pvt Ltd, an Indo Israeli joint venture, poses with a model of PBEL City, a township comprising thirteen residential and two commercial towers of nineteen storey each on a twenty eight acre area situated in Hyderabad development Corridor in Rajendranagar mandal.
PBEL, an Indo Israeli joint venture [...]

Slowdown In IT And ITeS Office Space n Gurgaon and Noida

Economic slowdown in the US is expected to temper demand for IT and ITeS office space in Gurgaon and Noida during the second half of 2008, a global realty consultant has said in its report.
In its latest report for second quarter 2008, Jones Lang LaSalle Meghraj said that though Indian office markets have continued to [...]

Malls Creating Pollution

Behind the glitz and glitter, muck and toxic smoke. A recent study has shown that mall mania in Kolkata may not just be burning holes in pockets it could be blasting a bigger hole in the ozone layer in the city skies.
Waste generated by malls is a major cause of air and soil pollution in [...]

110 Logistics Parks Are Expected To Be Operational By 2012

Indian logistics industry is expected to grow at 15% to 20% per annum, reaching its revenues of $385 billion by 2015, said a report prepared by Cushman and Wakefield, which term the sector as new powerhouse for the real estate sector in times to come.
As per C&W estimates, the market share of organized logistics players [...]

Falcon Realty Planning Eco-Friendly Developments In 2-Tier Cities

Falcon Realty Services Private Ltd., which has spent twenty years in the land buying and dealing sector in India, is making its first step into development, the company has reported.
The firm is currently in the planning plans of eco-friendly developments, with the development of infrastructure and support focusing around industrial hubs, it said in a [...]

Demand Slow Down Strikes Office Space Market

With companies, particularly in the IT and BPO industry, holding back their expansion plans due to slowdown fears, the commercial real estate market posted a lackluster show in the 2nd quarter of 2008.
The June quarter saw office space demand lagging far behind the supply levels of 18.07 million sq. ft. across major cities, as companies [...]

JP Morgan Will Put More Than $1Billion In Asian Market

JPMorgan, internationally well-known investment bank, considers putting in over one billion dollar in Asian property sector over the next 3 years, as Indian and Chinese real estate developers crave for more funds to finish their forthcoming projects. Property prices all across the globe, especially UAE, have been on ascendancy to the amusement of many potential [...]

Ahmedabad Attracting NRI

When a London-based real estate marketing firm recently held India property road shows in the US and UK, they were zapped to find Ahmedabad rubbing shoulders with Goa and Mumbai when it came to attracting the highest number of non-resident Indian (NRI) queries.
At a time when the appetite for Indian realty is growing in the [...]

Home Loans Becomes More Costlier

With RBI hiking the repo rate, home loans under the floating rate regime have witnessed a hike of .75 %. Leading housing finance providers like HDFC and ICICI Bank have again raised the interest rates. Who spares a thought for the loanee?.
HOME LOANS have again become dearer, no thanks to the hike in interest rate [...]

Wadhawan Holdings Private Ltd To Invest In Australia

With one billion people in their home market, it may seem a little surprising Indians would look abroad for investment opportunities.
But Mumbai’s Kapil Wadhawan is one such person, and says Australia is an attractive place to expand his business.
Mr Wadhawan is chairman of Wadhawan Holdings Private Ltd, a diversified company with interests in real estate, [...]

Parsvnath seeks stake sale in projects to control debt

Real estate firm Parsvnath Developers Ltd expects stake dilution in individual projects to help it control its debt and hold margins in a rising interest rate regime, a top official said.
The New Delhi-based developer reported a 16% drop in first quarter net profit at 712.9 million rupees. Net sales were also disappointing, up just 5% [...]

Integrated Logistics Park In Haldia By AILPL and Eredene Group

In a joint venture with Apeejay Infra-Logistics Pvt Ltd (AILPL), UK-based Eredene Group, which has a 50 % stake, is set to develop an integrated logistics park in Haldia.
“In this view, the Haldia Development Authority has already earmarked ninety acres of land for them in its industrial zone area and the lease acquirement is in [...]