Overseas investments by Indian companies stood at USD 2.77 billion in March, up 37.6 percent over the previous month, with Binani Industries, Mercator Lines, HCL Technologies, Varun Shipping, Hexaware Technologies, and Tata Steel emerging as major investors. As many as 489 overseas investment transactions were carried out by various companies in March, as per the […]
Indian private lender Dhanlaxmi Bank said it does not plan to shut down branches or shrink operations, but has initiated steps, including salary cuts, to control costs as it grapples with pressured margins. “We have no plans to shut down any of our branches. We want to grow,” PG Jayakumar, the bank’s chief executive, told […]
Murray Adair, CEO of the Indian Ocean Real Estate Company (IOREC) who is developing several luxury resorts in Mauritius in partnership with Flacq United Estates Limited (FUEL), says while there had been a slow-down in the property market, sales transactions in upmarket resorts on the island remain buoyant. The sluggish global economy has not left […]
By skgupta
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Posted in Property News
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Also tagged Ceo, China, Flacq United Estates Limited, FUEL, Integrated Resort Schemes, IOREC, IRS, Mauritius, Murray Adair, Ocean Real Estate Company, Profitable Investment, Property Sector, Russia
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September 7, 2010 – 11:51 pm
A workshop by arranged by CREDAI, The Confederation of Real Estate Developers’ Association of India on September 7 at Ocean Pearl, Mangalore. The district in-charge minister Krishna J Palemar inaugurated the workshop and said that people have already disobeyed law in the past and have undertaken illegal construction due to which city lacks in proper […]
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Also tagged Architect, CDP, Confederation, Credai, Illegal Construction, ocean pearl, parking space, pearl district, Real Estate Developers, real estate developers associationMangalore, TDR
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September 5, 2010 – 10:07 am
In present scenario, scope of small real estate investors in India is low as compared to the institutional investors. Although they can own many property, but bank would not fund more than two loans. However, this restriction doesn’t imply that they cannot invest beyond that from their personal accruements. They always have the option to […]
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Also tagged Assets, belongings, decent returns, Institutional Investors, intrinsic value, Loans, property investment, Real Estate, Real Estate Investors, restriction, Scope
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September 1, 2010 – 9:01 am
A survey was conducted by RICS Global Commercial Property called GCPS, according to which performance of real estate in emerging markets like South America and Asia is much higher than that in more developed countries. As per the survey, in quarter II, occupiers markets picked up, with increased lease demand as compared to first quarter […]
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Also tagged Asia, Capital Values, commercial rents, continuous increase, developed countries, Emerging Markets, First Quarter, Investment Activity, investment returns, Real Estate, south america, Survey
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August 15, 2010 – 10:49 am
Photo by Ravi Karandeekar On Friday, Alembic, India’s oldest pharmaceutical company announced its entry in real estate sector as it has launched a company called Alchemy Real Estate. The CEO of this company will be Mr. Udit Amin, son of chairman and managing director of Alembic Limited Chirayu Amin. The city-based pharmaceutical major Alembic had […]
The stake owned by Limitless Group, part of Dubai World, in Bidadi Knowledge City in southern Karnataka state will be bought by a unit of DLF. Currently, a restructuring worth 23.5 billion dollar is going on in the Dubai World. In April 2009, Limitless said that since authorities there have not bought the required land, […]
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Also tagged authorities, DLF, dollar project, Dubai, Dubai World, karnataka state, Knowledge City, Limitless, outskirts, Restructuring, Stake
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Since long time, we have been hearing from different sources that realty is back with a bang, realty is blooming, etc. Although it is true that there has been noticed a difference in the realty state during recession and after it, but this change is evident only in Tier 1 cities and not in others. […]
HDFC, one of the leading home-loans lenders has observed that the prices of residential realty which were hitting the peak levels are now undergoing pre-slowdown. Deepak Parekh, the Chairman of HDFC said that there is an improvement in the economic condition and therefore, developers have started charging premiums. Due to the land prices touching sky, […]
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Also tagged active markets, bangalore suburb, Developers, Downfall, economic condition, Home Loans, Lenders, Ncr, noida, peak levels, premiums, Price Hike, Real Estate prices, Residential Real Estate, Residential Realty, sky, Slowdown
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India no more lacks in the race of real estate market. Although many developers are nurturing this fact, but its high time now and they should come out of their shell to realize the boom of realty market. Due to the rise of upper middle class in India, a sense of better lifestyle and good […]
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Also tagged ambience, Boom, Developers, globalization, Indian real estate, Lifestyle, Office Spaces, pace, Real Estate Market, Realty Market, Residential Sector, upper middle class
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According to CREDAI, the Confederation of Real Estate Developers Association of India, due to the application of service tax as per the union budget 2010, the property prices will experience an increase. All of us are aware of the fact that this service tax has come into effect since July 1. For those who don’t, […]
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Also tagged Confederation, Confederation of Real Estate Developers Association of India, Credai, hiatus, july 1, land registration, levy, Real Estate Developers, Real Estate Developers Association, Service Tax, Union Budget
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Real Estate Intelligence Services (REIS) which is a division of Jones Lang LaSalle Meghraj released a report which said that stability in the commercial real estate market of India is observed with the economic recovery of India. According to the report, although in 2010, the landscape will be beneficial for tenants, but in 2011, influence […]
On Wednesday, the Cable Corporation of India made announcement that it has planned to enter into the real estate and will spend an amount of Rs. 1000 cr. in its first project. CCI Projects Private Ltd (CCP) is an associate company of CCI in which CCI holds 15% stake. CCI will be developing the project […]
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Also tagged Associate Company, Borivali Mumbai, Cable Corporation of India, CCI, CCI Projects Private Ltd, CCP, Entertainment, Real Estate, Residential Development, retail, Stake
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‘Inno GeoCity’; a residential project, is launched by Inno Real Estate in Oragadam near Chennai. This firm is a division of Inno while Inno is a , a global investment group focussed on Indian real estate with operations in India, Middle East and Europe. On Monday, Rajamannar Ramaswamy, the Group Managing Director said that GeoCity […]
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Also tagged Amenities, Chennai, GDV, GeoCity, Global Investment, Gross Development Value, Indian Projects, Investment group, Middle East, Residential Project, Residential Units
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Since the demand of commercial real estate is increasing due to the increase in retail activity, Sheth Developers, a property firm tied up approximately half the space at its upcoming 1 million sq ft mall in India’s financial capital. Sheth developers are Mumbai based developers. They have lined up retailers Hypercity and Shopper’s Stop. Also […]
In the Visakhapatnam chapter, regarding the disputes between buyers and builders, on Thursday, the Confederation of Real Estate Developers’ Association of India (CREDAI) took responsibility of being a mediator so as to arbitrate the disputes. A code of conduct was formally released by code of conduct, national president, CREDAI. This code was originally brought by […]
The Jaiprakash Associates, one of the leading infrastructure companies in India has covered a turn over or more than Rs. 10,000 cr. The Jaiprakash Associates Limited (JAL), the leading infrastructure pudding stone having business interest in the area of cement, construction, engineering, expressways, power and associated real estate and hospitality, in order to continue the […]
Since now days, land is the most promising resource, the developers are ready to pay any price just to get into the realty business. Here are some of the major deals in the field of land: The Lodha developers had a deal of Rs 4,053cr for a plot of 25,000 sq mts. The sq per […]
Photo by HelveticaFanaticAlthough countries like China and Britain are ahead in the race but India has still managed to acquire 39th position in the favorites list of retailers in the world. In 2008, the CB Richard Ellis (CBRE), a real estate consultancy conducted a survey in which India was ranked as the 44th preference of […]
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Also tagged Business Survey, Cb Richard Ellis, Cbre, China, Countries, France, Global Business, Real Estate, Retail Market, Retail Projects, Uae, US
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Photo by Lone PrimateA new project, Yamuna Expressway is introduced by Jaypee in the northern state of Uttar Pradesh which is a 165-kilometer, six-lane expressway. This project has a total cost of 2 billion dollars. It connects Noida, near Delhi with city of The Tajmahal, Agra. Realty of about 25 million sq ft. along the […]
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Also tagged agra, axis bank, Bank Of America, billion dollars, enam securities, IDFC, jaypee, Kotak Mahindra, lane expressway, Manoj, Merrill Lynch, Morgan Stanley, nmdc, real estate sales, sbi capital markets, toll revenues
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One of the leading real estate companies of India, Tata Housing was honored by the Best developer award in the category of CSR in the recognized award ceremony called Cityscape Awards – Real Estate Asia, 2010. According to experts, when they analyzed the commitment and positive contribution of the company in the society welfare, it […]
Analysis of the growth in real estate sector in last few years was performed. It revealed some very interesting statistics of the growth. The facts go like this: In 2007, the office sector experienced highest demand. Grade A office space of about 32 million sq ft leased out in that year. But after that, it […]
DLF, India’s leading real estate developers, plan to raise an amount of Rs. 2700 cr. this financial year by selling non-core assets in order to reduce its debt of over Rs 16,421 cr. by about 33%. The realty giant plans Rs. 5000 cr. to be cut from its debt. Out of these, Rs. 2700 cr. […]
In past few years, the realty sector has shown tremendous growth but according to experts, it may still remain a regional play in the country. The underlying reason is that different regions have different laws. JLLM, Jones Lang LaSalle Meghraj, a property consultant firm’s Country Head and Managing Director Anuj Puri said that developers experience […]
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Also tagged Developers, Different Regions, JLLM, Jones Lang Lasalle Meghraj, Land Acquisition, Property Consultant, Property Sector, Property Taxation, Real Estate, Regional Business, Regional Laws, Regulatory Approvals
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