Tag: Residential

TDI invests for budget homes

TDI is planning to invest one thousand crore rupees to build low-priced homes in NCR in the next three years. TDI managing director Kamal Taneja said, “The demand for homes is coming back slowly”. TDI recently launched 350 residential units in Kundli and asserts to have sold all these in just a month. The company […]

NRIs Thinking Of Coming Back To India

Home sales in India might have turned slow but sales to NRIs is on boom continuously. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last half year, from 3% to 10% of the total business. Lodha Group senior Vice President R. Kartik said, “What would happen when one […]

Realty: Difficult To Buy And Rent

Realty prices might be showing signs of easing, yet its tough to buy a house. Prices are still high and loans are getting expensive. Renting a property is also getting dearer. According to analysts and developers residential rentals are hardening, registering a 10% growth. The demand for rented residential space is high as India has […]

Blackstone Real Estate Partners To Invest In Synergy

Blackstone Real Estate Partners announced that it agreed to invest approximately 18 million dollars for a minority stake with board representation in Synergy Property Development Services Private Ltd. Synergy, Formed in 2003, is now one of the top projects and construction management companies in India and currently has over 500 employees across nine Indian offices, […]

Mahindra’s Jaipur SEZ To Become Partly Operational From July

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, […]

SatyaVani Group To Invest $10 Mn In Real Estate

SatyaVani Green Homes, Hyderabad-based real estate developers and part of the SatyVani group of companies, has decided to invest over ten million dollars in Udhodayam Green Homes. Mr. P Surya Prakash, Managing Director, SatyaVani group of companies, said, “UGH will set an example on how construction industry can built a better tomorrow by not adding […]

Ayala Penetrates Indian Property Market

ARCH Capital Asian Partners L.P., the private equity real estate fund of Ayala group, has formed a JV with the Mahindra Group of India for the development of a residential community in Chennai.

Rakindo To Set Up $1.5 Billion Integrated Township

Real estate developer Rakindo Developers has unveiled its plan to build a $1.5 billion (Rs 6,000 crore) integrated township at Coimbatore. It is expected to be ready for launch by the last quarter of 2008. Mr Prasad Koneru, MD, Rakindo Developers, told that the flagship project of Rakindo Developers in the texcity will be developed […]