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 [...]
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 the [...]
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 rate [...]
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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 real estate, [...]
Posted in Property News
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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 5% [...]
Posted in Property News
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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 in [...]
Posted in Property News
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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 as [...]
Posted in Property News
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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 [...]
Posted in Property News
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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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