Real estate industry is passing through the transition phase. This phase will decide the future of real estate. Every day something new is coming to us. Sometimes we get to know new real estate trends and sometimes new way to make the property popular. The recent new trend is that now the real estate will use the names of celebrities along with the name of their property. In foreign countries this trend is going on. It might not be surprising if you get to know about new property as SRK plaza or Rani Mukherjee villa.
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The Goldman Sachs investment bank, which has real estate investment worth $23.7 billion worldwide, will commence investing in the Russian real estate market. The bank is in the course of action of forming a $4-billion fund for real estate investments in the BRIC countries (Brazil, Russia, India and China). Approximately half of the money will go to Russia and, of that portion, two-thirds will be invested in Moscow.
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BANGALORE – IBM Corp plans to make better growth in India as part of its strategy to improve focus on promising markets and as local companies spend more on technology to cut costs and improve efficiency, an official said on Tuesday.
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February 25, 2008 – 3:27 am
According to the agency report India’s Nagarjuna Construction Company Limited is planning to enter real estate development in Oman.
A senior Nagarjuna Construction official said that “We have plans to develop a multi storied building in Sohar in partnership with an Omani company. The apartment, which will be constructed at a cost of OMR 3 million, will have a number of modern amenities, together with health club and swimming pool.” He added that the identical tower apartment, which will be ready by 2010, will have 448 flats each.
In the Oman, Nagarjuna Construction is building the dualisation and realignment of Al Amerat Quriyat Road, a water network scheme in Sohar and initial civil work for Sama Dubai’s Yitti residential cum resort project. With a cost of OMR 56.5 million, the 7.5 kilometer long Wadi Adai Al Amerat road will be completed within 18 months. The project involves construction of 6 bridges of varying lengths, 9 box culverts and 1 single lane bridge. The total contract value of all Omani projects of Nagarjuna is around OMR 180 million.
February 18, 2008 – 9:00 am
Red Fort Capital Advisors has planned to bring in an additional $500 million in the next two years. It is a well known international private equity firm. The firm is considering upon its portfolio into growth sectors like logistics, especially the warehousing in the near term. It has $425 million real estate investment focused fund for India and plans to bring in an additional $500 million in the next two years.
Mr. Kuldip Chawlla, one of the Directors said,“We are looking at housing projects, especially affordable one’s in the top 15 cities as well as re-development projects, especially in cities like Mumbai through this fund”. Further he said that Red Fort Capital, which has already committed $250 million last year, in projects in Chennai, Bangalore and Hyderabad, sees affordable housing (apartments of 1,000 sq.ft. between Rs 10 and 25 lakhs), as a high growth segment.
February 16, 2008 – 5:56 am
Chatwal is all set to spend Rupees five thousand crore in India. At this time, his company is coming up with 8 hotels in Karnataka, Andhra Pradesh, Kerala and Tamil Nadu. The first of these properties, in Hyderabad.
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February 1, 2008 – 1:55 am
Trend setter always started from the small and made a big one. Following the same strategy, a group of real estate companies, who are not in the position to proceed through the organized financing route of initial public offering, have started approaching the public in their own ways. They are assuring for regular returns on investments.
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