August 23, 2008 – 5:38 am
MPC Energy, a JV between Germany-based MPC Capital and Switzerland-based Synergy Asset Management, has invested Rs 1,300 Crore in the purchase of equity in special purpose vehicles floated by Phoenix Mills, a real estate developer. 70% of the investment is expected to be used for fifteen projects that are in development stages, while the remaining [...]
By rajani
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Posted in Property News
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Also tagged Chennai, Corporate Identity, Entertainment World, Equity Stakes, Foreign Direct Investment, Hotels In Mumbai, Hotels Phoenix, JV, Luxury Hotels, Phoenix Mills, Pipeline, Purpose Vehicles, Real Estate Developer, Shangri La, Special Purpose, Synergy Asset Management, Udaipur, World Developers
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Maharashtra, also referred to as the ‘Power House of India’, is the industrial hub of India. Commanding the industrial development of the country, Maharashtra has already established a trend in the growth of real estate in India. Economic development has resulted in the rapid development of both residential and commercial property in Mumbai, Solapur, Pune [...]
By rajani
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Posted in Property News
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Also tagged Aurangabad, Business Centers, Foreign Direct Investment, Government Of India, Income Group, Industrial Hub, Matheran, Mrpl, Power House, Property Brokers, Rapid Development, Real Estate In India, Real Estate Investment, Real Estate Sector, Real Estates, Suitable Property
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Driving on the country’s first expressway connecting Mumbai with Pune is always a pleasure, so much so that people have started shuttling between the two cities daily. All this courtesy the swanky road’s meticulous upkeep by a company that was once a family-owned business doing road-building works for local bodies.
At the helm of it all [...]
By rajani
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Posted in Property News
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Also tagged 10 Months, Bharuch, Bhiwandi, Business Enterprise, Crore, Family Owned Business, Golden Quadrilateral Project, Helm, Multiple Services, Mumbai, Partnership Model, Present Day, Public Private Partnership, Road Contractors, Road Sector, Rs 1, Showcase Projects, Upkeep, Virendra
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Property prices in and around Calcutta could shoot up by as much as 15 % as city developers contemplate a basket hike in product prices to combat a steep rise in input costs. The real rise in realty rates, though, could be tempered by a slack market.
According to Pradeep Sureka“There’s no way we can absorb [...]
By admin
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Posted in Property News
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Also tagged Banglore, Builders In Bangalore, Cement Prices, City, Construction Cost, Credai, Kolkata, LIG, MIG, Petroleum Products, Ps Group, Real Estate Developers
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City-based real estate developer PS Group is setting up an IT park in Sri Lanka with an investment of $80.4 million.
The company has entered into a joint venture with Sri Lanka Institute of Technology and Infinity Parks Ltd, another city-based real estate company, to develop this project.
Mr. Pradip Chopra, chairman and managing director of PS [...]
By rajani
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Posted in Property News
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Also tagged Agricultural Land, Bank Ltd, Bengal, coimbatore, Hedge Fund, Indirect Employment, Institute Of Technology, Joint Venture, Joint Ventures, Ps Group, Real Estate Developer, Residential Project, Retail Space, Sampath Bank, Service Sector, Special Economic Zone, Sq Ft, Sri Lankan, Technology Park
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Sobha Developers, a Bangalore-based realty major focussed on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects.
Mr. Raghav Menon, Executive director, said that the company would build an SEZ in either Tamil Nadu or Kerala. He said, “We haven’t decided on the place [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Commercial Projects, Crunch, Hyderabad, Investment, Joint Venture, Land Acquisition, Liquidity, Mysore, Orissa, Private Equity, Residential Space, SEZ, Slum, Special Economic Zones, Tamil Nadu
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Over the last two years, land prices have shown a northward trend. Now, it’s time now for a realty check.
Record land auction at Mumbai’s Bandra-Kurla Complex- like the Rs 46,000 per square feet buy by Wadhwa Builders in November 2007 are passe. The last auction at BKC, by Jet Airways, has seen rates tumbling to [...]
Many expect a further correction in home prices in India. Since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.Recent media reports have also suggested the same trend. [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Cheer, First Quarter, Goodies, Home Seeker, India, Property Developer, Property Transaction, Real Estate P, Segment, Slow Down, Tier II
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The transaction level has gone down drastically in various markets. It has resulted in price fall in realty market. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last 3 months. After tracking capital values in metros such as Mumbai, Chennai, Bangalore as [...]
By rajani
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Posted in Property News
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Also tagged Amp, Bangalore, Capital, Friends Colony, Gk, Gurgaon, Hauz Khas, Metro, Ncr, noida, Prime Areas, Prithviraj, Realty Market
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Chandigarh: DLF, a leading real estate player in the country, plans to invest Rs 1,250 crore for the development of its multiplex business. The company has planned to add minimum 500 screens in the next four to five years across the country.
DLF’s entertainment arm DT Cinemas will set up a megaplex, which will have 12 [...]
By admin
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Posted in Property News
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Also tagged Ahmedabad, Bangalore, Chandigarh, Chennai, DLF, DLF Infocity, Goa, Gurgaon, Hyderabad, IT Park, Kochi, Kolkata, Mumbai, Savitri-GK2, Shalimar Bagh, Vasant Kunj and Saket in Delhi and Star Mall
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The Special Economic Zone being developed by Mahindras at Jaipur will become partly operational in July with first group of clients moving in, a top official said on Friday.
Mr. Arun Nanda, vice-chairman of the company told that Mahindra Lifespace Developers, the real estate and infrastructure development arm of the USD 6 billion Mahindra group, has [...]
By rajani
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Posted in Property News
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Also tagged Development, Jaipur, Mahindra, Market, Mumbai, Nagpur, Nanda, Nashik, Private sector, Residential, SEZ, Special Economic Zone
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The Ministry of Railways have set up Rail Land Development Authority (RLDA) by an amendment to Railways Act, 1989 (Amendment No. 47 of 2005) for commercial development of vacant railway land for generating revenue. So far 115 sites, covering a total area of 1139 hectares (approx) have been entrusted to the Authority for commercial development [...]
By rajani
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Posted in Property News
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Also tagged agra, Ahmedabad, Amritsar, anand vihar, Bangalore, bhopal, bhubaneshwar, bijwasan, carnac bunder, Chandigarh, Chennai, Commercial property, delhi, gaya, guwahati, habibganj, howrah, Jaipur, kanpur, Land, lucknow, mathura, Mumbai, Nagpur, New Delhi, patna, railways, RLDA, secunderabad, thiruvananthapuram, tirupati, varanasi
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Mr. Abhinandan Lodha, Director, Lodha Group (Bloomberg), confidently said in mumbai that their aim are to raise $2 billion over the next two years from private equity investors and an initial sale of shares to fund its growth.
The developer, which has received investments by JPMorgan Chase & Co. and Deutsche Bank AG in the past [...]
Mumbai has witnessed the world’s highest (94.4%) increase in rentals of industrial space in 2007 from Rs 18 per square feet per month to Rs 35 per square feet per month ($10.88 per square feet per annum).
With this, the financial capital of the country leaped 11 positions to be 26th most expensive industrial locations in [...]
By rajani
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Posted in Property News
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Also tagged Asia Pacific, Bangalore, Chennai, Dublin, Frankfurt, Imt Manesar, India, Industrial Space, Location, London, Moscow, National Capital Region, Singapore, Sriperumbudur, Tokyo
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The realestate and constructions company IDEB is building infrastructure in all major cities of India. This will include Bangalore, Pune, Hyderabad, Jaipur, Mysore, Chandigarh, Dehradun, Kashipur and Delhi.
January 28, 2008 – 8:52 am
Oberoi Constructions Private Ltd is well-known as leading developer. Now Oberoi group is on the way of expansion. They have decided to set up three ‘Oberoi Garden city’ township in Bangalore, Pune and Hyderabad. Initially they started ‘Oberoi Garden city’ project for Gurgaon east and Mumbai. New three townships will start with an [...]
By rajani
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Posted in Property News
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Also tagged Developers, Garden city, Garden City Township, Gross Revenues, Gurgaon, Hospitality, Hospitals, Initial Public Offering, Initial Public Offering Ipo, Investments, IPO, Managing Director, Mumbai, Oberoi Construction, Oberoi Constructions, Real Estate, Townships, Vikas Oberoi
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January 28, 2008 – 7:32 am
Mr. Lalit Gandhi, chairman and managing director, Lok Housing & Constructions says that they have decided to initiate around eight projects in Mumbai, Navi Mumbai, Pune and Bangalore in coming six months.
The proposed projects will cover 42-50 million sq ft saleable area, and 60 % of this will be residential development and is likely to [...]
By rajani
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Posted in Property News
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Also tagged Bangalore, Constructions, Kalyan, Lok housing and construction, Mr Gandhi, Mumbai, Navi Mumbai, Residential Development, Residential Project, Residential ProjectsWhitefield, Residential Purpose
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