With slowdown hitting the real estate sector, land/property deals appear to be falling like ninepins. The latest deal to come unstuck is one involving the K Raheja Universal group and Lupin.
According toSources the negotiations between the two parties for part of Lupin’s land at Boisar in Tarapur and Thane district, has fallen through primarily because [...]
By manish
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Posted in Property News
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Also tagged Citra, house, K Raheja Universal, Kalyan, Land, Lupin, Pharmaceutical Firms, Real Estate, Real Estate Developer, Realty Fund, Tarapur, Thane District, Universal Group
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Sobha Developers Ltd leading real estate company said on 02nd July it has sold forty percent stake in an forthcoming Bangalore project to Dubai’s Pan Atlantic LLC for ten million dollar.
Sobha plans to develop a 1.7-million-sq ft residential township at the plot in south Bangalore. A senior company official said the present value of the [...]
By manish
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Posted in Property News
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Also tagged High Interest Rates, India Real Estate, Indian real estate, Lehman Brothers, Mumbai Market, Parsvnath, Private Equity Deals, projects, Real Estate Company, Real Estate Fund, Saffron, Sobha
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Struggling with a slowdown across segments, the Indian property market is moving towards the next phase of consolidation. Liquidity crunch in the real estate market is beginning to drive many mid-sized and small developers to beg for cover.
Many want to liquidate their land and incomplete projects by selling them to bigger developers or private equity [...]
According to estimate made by ASSOCHAM, the FDI component in the domestic real estate market is expected to be thirty billion US dollar as against its total amount of one hundred two billion US dollars in next decade as the real estate sector escalation will raise up by more than 30%.
Additionally, ASSOCHAM report stated that, [...]
Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.
By manish
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Posted in Property News
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Also tagged Banglore, Cash Crisis, Four Star Hotels, Hospitality Project, Hospitality Sector, Hotel Companies, Hotel Group, Hotel Projects, Indian Ocean Region, Property Developers, Real Estate Developers, Wyndham Hotel
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It is now become essential to standardize real estate. Builders and developers are not averse to the idea of a regulator in the real estate sector.Credai president Mr. Kumar Gera said that developers want a regulator to discourage the dishonest players from entering the sector. Mr. Gera further said that Credai has made a number [...]
LUCKNOW, the ‘Shiraz of Awadh’ and ‘Constantinople of India’, as it is metaphorically called, is the capital of Uttar Pradesh. Located in what was historically known as the Awadh region, Lucknow has always been a multi-cultural city.
The real estate sector is seeing hectic activity, with every major property developer operating in North India launching projects [...]
By manish
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Posted in Property News
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Also tagged Aminabad, Ansal Api, Government Housing, Housing Schemes, Mall Culture, North India, Physical Infrastructure, Property Developer, Real Estate, Real Estate Boom, Real Estate Consultants, Residential Prices, Retail Markets, Shah Najaf
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The Sebi’s recent decision to allow mutual fund firms to play in realty space has opened up a fresh avenue for individual investors. One month ago, Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high networth individuals were allowed to invest in realty directly.
By Rajani
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Posted in Property News
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Also tagged Angel Broking, Individual Investors, Industry Analysts, Ipo Market, Jai, Kpmg Report, Liquidity, Mfs, Minimum Investment, Mutual Fund, Mutual Fund Firms, Sebi., Strong Winds
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Emirates Islamic Bank (EIB), a leading Islamic financial institution in the region, plans to launch a 2nd fund focused on the Indian real estate market following the doing well closing of its Danat India RIA Fund, the bank said on 3rd june.
The bank said the new fund will add to a growing portfolio of funds [...]
By manish
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Posted in Property News
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Also tagged Danat, EIB, Emirates Islamic Bank, Gcc Countries, India, Indian Investors, Indian real estate, Islamic Financial Institution, New Delhi, Retail Banking, Ria
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