Tag: Residential Units

Economy and Realty at Glance: For the Month of March 2012.

The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market. Following are the key takeaways of the report: – Chennai leads the market in terms of number of units […]

Brigade Enterprises; touching sky

Brigade Enterprises, a Bangalore-based real estate company is planning to raise an additional fund of Rs. 750 cr. Foreign currency convertible bonds (FCCBs)American depository receipts (ADRs), global depository receipts (GDRs) or placement with qualified institutional investors will be the key instruments for raising the fund. After the meeting yesterday, the company said to the shareholders […]

‘Inno GeoCity’; a residential project

‘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 […]

“Space City” near Bangalore

Photo by Justin A. Wilcox On last Sunday, Marib Holdings LLC, an Abu Dhabi-based company announced that they plan to build a “space city” in Chikkaballapur district. This district is approximately 90 km from Bangalore. The company would invest an amount of Rs.18,400 cr. ($4 billion) in the project. On Saturday, this project got its […]

Real Estate Market Has Enomous Power

Indian real estate market could reach a value of $60 billion by 2010, and become an “enormous” economic power, a Middle East developer has said. Abdullah bin Abdulaziz Al Majed, vice chairman of Tanmiyat Group, was speaking ahead of the firm’s participation at property show Cityscape India 2008. Tanmiyat is among a group of international […]

New Homes For India

An entire township of nearly four thousand new homes is being built in Southern India, dubbed a “mega project” for the country’s building boom. Sahara Prime City, the real estate arm of Sahara India Pariwar, is building the project in Coimbatore as part of what it says will be a vast chain of townships in […]

Matheran Realty To Sell Residential Units At Karjat

Property developer Matheran Realty said that it will sell 15000 residential units in its Karjat project at Rs 999 a square feet. The company is setting up Rs 900-crore mixed-use project at Karjat on 100 acres of land. Pravin Banavalikar, Chief Executive Officer, Tanaji Malusare City said, “The project will have 10%-15% reserved for commercial […]