Bangalore
Post the opening of its first premium resort in Coorg, Karnataka, Tamara Real Estate plans for expansion. Aiming at future business growth, it eyes on expansion in Kodaikanal and Alappuzha with similar resorts. Tamara Real Estate Holding has set up The Tamara Hospitality in which Infosys’ co-founder S D Shibulal daughter Shruti Shibulal is the [...] Continue Reading »
According to sources, private equity firm, Sun Apollo is to invest up to $50 million on projects developed by Indian real estate company Sobha Developers. Sobha Developers is based in South Bangalore, has built more than 51 million square feet of homes and offices since 1995. Sun Apollo is to invest on project basis and [...] Continue Reading »
India’s biggest commercial real estate acquisition was grasped by US private firm Blackstone, with a 50% stake in Bangalore builder-owned three business parks for over Rs 1,000 crore ($200 million). Blackstone beats the Citi Group’s acquisition of a Mumbai office building for Rs 985 crore, which was bigger than the Maple Tree’s acquisition of Assetz [...] Continue Reading »
Developers are offering customised apartments to attract customers in Bangalore due to the slowdown in the mid-segment housing market. With the customised apartments, buyers need not spend their money on redesigning homes or making modifications. Buyers are spending 15-20% original value on renovation to their apartments even after the possession. There are several ongoing projects [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
In the third quarter of 2012, Bangalore has witnessed a fresh supply of malls of about 3,60,000 sq ft. However, retailing activities remained slow. Bangalore has been witnessing a reduced rate in the leasing activities. There has also been a scarcity fresh retail space in both malls and main streets which has led to a situation [...] Continue Reading »
Puravankara Projects Ltd, a Bangalore-based real estate company, has launched a premium project. Purva Whitehall, a Rs 300-crore ultra premium segment project is located on Sarjapur main road in Bangalore. The Purva Whitehall is a four lakh square feet project comprising of 192 units, including three and four bedroom apartments ranging from 1,867 sq feet [...] Continue Reading »
Bangalore has surpassed bigger property markets such as Mumbai, Delhi and Chennai. Real estate research firm PropEquity says that the Southern city recorded a 140% growth in the quarter till June over the year-ago period. As sales in most other cities stagnated or decreased, Bangalore witnessed sale of 15.58 million sq ft of residential space [...] Continue Reading »
Bakery and dairy products manufacturer Britannia Industries is likely to develop retail space on a six-acre plot of land in Bangalore jointly with Wadia Group‘s real estate arm, Bombay Realty. Sources say that Britannia is looking to develop retail asset and is in the process of hiring a local architectural firm to design the proposed [...] Continue Reading »
Frazer Town in Bangalore has witnessed 14 per cent realty growth in the last quarter. The rental values are a healthy Rs 17-18 per sq ft, which is even higher than localities such as CMH Road and Domlur which have rental values of Rs 13-14 per sq ft. Frazer Town witnesses a growing demand for [...] Continue Reading »
