August 21, 2008 – 5:14 am
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 […]
Posted in Property News
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Tagged Chennai Hyderabad, City Bangalore, Delhi Ncr, Electronic City, Global Economic Slowdown, Gurgaon, IT and ITeS, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Kolkata, Office Space, Whitefield
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August 19, 2008 – 10:38 am
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 […]
Posted in Property News
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Tagged Commercial Establishments, Compliance Report, Energy Research Institute, Food Centers, Greenhouse Gases, Kolkata, Municipal Authorities, Municipal Bodies, Soil Pollution, Tata Energy Research Institute, Traffic Pollution, Urban Development Department, Ways To Save Energy, West Bengal
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August 18, 2008 – 2:37 am
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 […]
Posted in Property News
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Tagged Cushman & Wakefield, Cushman And Wakefield, Hubs, Logistics, Market Share, Mumbai, Powerhouse, Preferred Location, Real Estate Sector, Realty Development, SEZ, Support Infrastructure, Tier 3, Vizag
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August 12, 2008 – 4:20 am
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 […]
Posted in Property News
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Tagged Business Parks, Commercial Real Estate, Commercial Space, Epicenter, Falcon, Falcon Realty, Infrastructure, Master Planned Communities, Project Management Services, Retail Projects, Smart City, Special Economic Zone
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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 […]
Posted in Property News
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Tagged Central Business District, Chennai, Commercial Real Estate, Cushman, Cushman & Wakefield, Excess Supply, Ncr, noida, Office Space, Rajiv Gandhi, Rental Values, Slowdown, Space Market, Wakefield
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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 […]
Posted in Property News
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Tagged Asia, Asian Market, Balance Sheet, Dubai, First Quarter, Forthcoming Projects, Globe, Investment Bank, Investors, Jp Morgan, JPMorgan, Property Sector, Real Estate Developers, Real Estate prices
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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 […]
Posted in Property News
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Tagged Ahmedabad, Axiom, Credai, Goa, Gujarat, Hot Spot, India Property, Indian Cities, Luxury Apartments, Marketing Firm, Mumbai, NRI, Nris, Property Developments, Real Estate Marketing, Sub Prime Crisis
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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 […]
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Tagged Bank Of India, Finance Providers, Hdfc, Home Loan Provider, Housing Loans, Icici Bank, Interest Rate Hike, Interest Rates, Rate Home Loans, RBI, Repo Rate, Reserve Bank Of India
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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 […]
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Tagged Banking Information, Capital Of Australia, Fashion Capital, Food Hospitality, Foreign Students, Kapil, Peter Linford, Policymakers, South Asia, Trade Commissioner, Trading Partners, United Arab Emirates, Wadhawan Holdings Private Ltd
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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 […]
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Tagged Basis Points, Cost Of Borrowing, Home Loans, Hotel Projects, Input Costs, Interest Costs, Parsvnath, Private Equity Deals, Real Estate Developers, Real Estate Developers In India, S Central, Special Economic Zone, Unfinished Projects
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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 […]
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Tagged AILPL, Apeejay, Haldi, Haldia, Hooghly, Indian Business, Industrial Zone, Kolkata, Manufacturing Plants, Oil Refinery, Petrochemicals, Tata Steel, Wbidc, West Bengal
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Realty bucks have put a spring in the step of the sagging horse racing scene in Calcutta, with the Royal Calcutta Turf Club (RCTC) hoping the honeymoon lasts. The deal inked by RCTC with real estate major Emaar MGF for a 300-room five-star deluxe hotel on the club’s 11 Russell Street premises with Park Hyatt […]
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Tagged Calcutta, Club Management, Deluxe Hotel, Emaar MGF, Jockeys, Living Quarters, Monsoon, Park Hyatt, Profit Sharing, RCTC, Russell Street, Turf Club, Venture Deal
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Vipul Ltd India’s leading real estate developer, has recorded revenues of Rs 81 crore for the quarter ended 30 June 08 an increase of 5% from seventy seven crore rupees in Q1FY08. EBITDA for the Q1FY09 stood at Rs 15.38 crore, up by 21 percent as compared to Rs 12.74 crore in the corresponding period […]
Wipro Infotech has managed to get a ten year project worth Rs. 1.3 billion from Lodha Group. Wipro will provide IT and business transformation services to Lodha group in India and Middle East. Wipro InfoTech is a leading IT company in India. Lodha group has started a new path to get a premier position in […]
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Tagged Business Transformation Services, Campuses, Development Projects, Estate Business, Group Director, India, Leading Real Estate, Middle East, Mumbai, Real Estate Market, Real Estate Project, Townships, Western Markets, Wipro, Wipro Infotech
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A number of Lucknow-based small builders are facing crunch due to the rise in inflation and increase in the interest rate by banks. After the real estate boom the city witnessed, a number of such builders joined the bandwagon. Moreover, they invested heavily in the projects. However, due to the recent downturn, they are forced […]
Posted in Property News
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Tagged Bandwagon, Constructions, Depreciation, Downfall, High Interest Rates, lucknow, Property Values, Raw Material, Real Estate Boom, Residential Properties, Slowdown, Steel Prices
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Touted as a entrance to Rajasthan, Bhiwadi, falling in Alwar district and bordering Haryana is a key industrial growth centre in the NCR with over 2500 operational industries. Bhiwadi enjoys huge location advantage with IGI Airport, New Delhi, just fifty five kilo meter away and Gurgaon forty kilo meter away. Being close to Delhi and […]
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Tagged Bhiwadi, delhi, Gurgoan, Haryana, Housing Projects, Housing Scheme, Industrial Corridor, Manesar, Mumbai, Parsvnath, Real Estate Boom, Real Estate Developers
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City-based construction firm IVRCL Infrastructure and Projects has plans to sell its high-priced pieces of land, including the twenty five acre information technology special economic zone (SEZ) plot in Noida, and purchase low-cost property in the light of the downside in real estate business in the country.
The domestic hospitality industry is undergoing rapid transformation, with several hotel groups investing in new properties across India and the globe. Additionally, real estate players are entering the industry through management contracts with established hotel chains. This expansion in the hospitality business is taking place on account of the massive growth that India is likely […]
Posted in Property News
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Tagged Business Districts, Chhattisgarh, Hospitality, Hospitality Business, Hospitality Industry, Hotel Accommodation, Hotel Groups, Hotel Leela, Jharkhand, Leisure Business, Major Hotel Chains, Market Leadership, Orissa, Tourism Industry, West Bengal
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Although the debate for the renovation of a tea estate into a real estate project, Uttorayon township, a project of Luxmi Group, in partnership with Siliguri Jalpaiguri Development Authority (SJDC) and West Bengal Industrial Development Corporation (WBIDC), and managed by the Ambuja Group, at Chandmoni in Siliguri, has completed two phases of development, and is […]
Posted in Property News
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Tagged Elbit, Elgin, Hotel Groups, Hotel Hindustan, Jalpaiguri, North Bengal, Parkland, Realty Group, Siliguri, Sjda, Sjdc, Star Hotel, Tea Estate, Wbidc, West Bengal Government
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Parsvnath Developers Ltd has no plans to reduce prices of its properties, a top official of the real estate company said on 16th July 2008. “There is no question of reducing prices at all. Prices have to go up,” Pradeep Jain, chairman and managing director said. He also said rising input costs would be passed […]
After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions. Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement […]
Posted in Property News
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Tagged Debt Management, Fema, Foreign Exchange Management, Foreigners, Goa, Management Act, Management Unit, Notary Services, Properties In Goa, Property Registration, Registration System, State government, State Registrar
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US-based real estate management, investment and development consortium, JNB Investments LLC, has forayed into the Indian hospitality market, with plans to set up 50 hotels in the country by 2015. The company will invest about Rs 2000 Crore in the development, which will be collected through internal accruals and other sources of funding. JNB will […]
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Tagged Amritsar, Banglore, Calicut, Chennai, Goa, Hospitality, Hotels, Jalandhar, JHM, JNB, Mumbai, New Delhi, Vishakhapatnam
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After staying the construction of a shopping mall by the DLF in Chennai, the Madras High Court has ordered the real estate foremost to take away all temporary structures from the site. The First Bench, comprising Chief Justice A K Ganguly and Justice F M Ibrahim Kallifulah, gave the order on 11th July on a […]
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Tagged Chennai, Chief Justice, DLF, First Bench, Ganguly, Industrialist, Madras High Court, Petition, Petitioner, Real Estate, Shopping Mall
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With slowdown hitting the real estate sector, land/property deals appear to be falling like ninepins. The latest deal to come unstuck is one involving the K Raheja Universal group and Lupin. According toSources the negotiations between the two parties for part of Lupin’s land at Boisar in Tarapur and Thane district, has fallen through primarily […]
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Tagged Citra, house, K Raheja Universal, Kalyan, Land, Lupin, Pharmaceutical Firms, Real Estate, Real Estate Developer, Real Estate Sector, Realty Fund, Tarapur, Thane District, Universal Group
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The plans of India’s leading private sector company by market capitalization, Reliance Industries Ltd (RIL), to create special economic zones (SEZs) at Jhajjar and Gurgaon in Haryana give the impression to have run into problem over issues related to land acquisition, with land owners in the area demanding around three times the amount the company […]
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Tagged Airport, Economic Zones, Jhajjar, Land Acquisition, Maharashtra, Market Capitalization, Power Plant, Private Sector Company, Raigad, Reliance Industries, Reliance Industries Ltd, RIL
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