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 investors.
JP Morgan’s Asia real estate head, Bryan Southergill said: “It’s a fantastic chance for us at a time when a no. of our competitors is scaling down due to difficulties accessing their balance sheet.”
Infact, Colliers International recently stated that real estate prices in Dubai rocketed 42 % in the space of three months, between the last quarter of 2007 and the first quarter of 2008.
By manish
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Posted in Property News
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Also tagged Asia, Asian Market, Balance Sheet, Dubai, First Quarter, Forthcoming Projects, Globe, Investment Bank, Jp Morgan, JPMorgan, Property Sector, Real Estate Developers, Real Estate prices
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Real estate developer BPTP Group has paid Rs 1000 crore to the Noida authorities as the first instalment for its ambitious 95-acre project.
The privately held developer said that the rest of the payment, of Rs 250 crore, would be made very soon.
DNA Money had last week reported about BPTP making the payment early this week. Read More »
Deepika Padukone is now a brand ambassador of a foreign real estate company. Dubai-based realty development cum brokerage firm, Aspire Real Estate, has announced Deepika Padukone to be their brand ambassador and new face of their company. Aspire is highlighting its Dh5.5 billion portfolio of real estate developments at prestigious locations within Dubai. Read More »
The counter of Shree Precoated is witnessing sustained investment-based buying by investors. The buzz is that the company is going to register good numbers. Analysts say the company is expected to report a PAT of more than two hundred crore on revenue of Rs two thousand crore for financial year 2007-08. The company is looking to develop its 67 acres Kanjuurmarg property, which it had acquired for more than forty crore about 30 years ago. Read More »
India property expo in Qatar is in the eyes of investors. More than thirty Indian builders are participating in this expo with their home projects. This expo is going on in Ramada plaza hotel.
The two-day expo was opened by Dr. Mohan Thomas, President of the Indian Community Benevolent Fund.
The expo will showcase projects in Cochin, Kannur, Thiruvananthapuram, Thalassery, Thrissur, Munnar, Jaipur, Delhi, Hyderabad, Mumbai, Pune, Bangalore and Chennai.
Read More »
By Rajani
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Posted in Property News
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Also tagged Equity, Foreign Investor, home, house, India, India Property, Indian Investor, Investment, Project, Property Expo, Ramada Plaza Hotel, Real Estate
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SEBI has allowed mutual funds to launch real estate mutual fund (REMF) schemes, a move that will encourage investors to participate in and benefit from the real estate boom. Existing MFs can launch the REMF schemes, provided “…they have adequate number of experienced key personnel/directors,” Securities and Exchange Board of India (SEBI) said in a notification.
