Realty News
Looks like Chennai-based developer Casa Grande is set to receive as much as Rs 100 crore worth of investment from Mumbai-based private equity firm Avenue Venture Real Estate Fund. The latter has proposed to invest this money into Casa Grande’s equity at project level ventures. In a press statement, Casa Grande stated that Avenue Venture [...] Continue Reading »
Accelerating infrastructure projects is key for the new government to grow India at 8-10% levels, sings India Inc in chorus. However, experts have chimed in saying it would take at least 12 to 18 months for this recovery to occur. According to a Barclays equity research report, expectation is afoot that projects worth $25 billion [...] Continue Reading »
DLF’s subsidiary, DLF Emporio has raised Rs 525 crore through India’s first commercial mortgage backed security (CMBS) issue, a new way for Indian real estate developers to raise funds. In a CMBS issue, a company raises money upfront by issuing non-convertible debentures (NCDs) to investors. The company pays off the principal at the end of [...] Continue Reading »
The recently concluded national elections marked the rise of BJP as the single largest coalition party. Narendra Modi will soon be sworn in as the 15th prime minister of India. With this major political development, Cushman and Wakefield expects major politico-economic conditions of India, with a significant impact on real estate. Executive Managing Director of [...] Continue Reading »
Rising property demand and improving economic environment are set to hike the rents across commercial real estate including office and retail segments over the next few quarters. Managing Director of RICS, South Asia, Sachin Sandhir said the market is showing positive signs. It’s the first time since 2011 that occupier demand has overtaken the availability. [...] Continue Reading »
Realty firm Brys Group has entered into a Rs 330-crore construction contract with UAE-based Arabian Construction Company (ACC). The construction company will develop an 81-storey tower in Noida, part of the 7.5-acre super luxury project being developed on Noida Expressway. 291 flats will be built at an investment of about Rs 850 crore. Once ACC finishes [...] Continue Reading »
The worried Chief Minister Akhilesh Yadav has now appointed senior state officials in order to work towards the smooth and rapid process of development in Noida, Greater Noida and Ghaziabad. This happened right after the elections when the Swarajwadi Party lost the elections in the Lok Sabha polls. One interesting point to be noted is [...] Continue Reading »
There is a growing interest amongst citizens of Mumbai to know more about the place they live in, they want the building details, plans, dealings of land and property, and civic issue information too. It is mostly that civic and property issues are searched for using the arm of the Right to Information act, and [...] Continue Reading »
Heavy scoring was done by India Inc on many counts for the past decade or so, under the UPA regime, however the same cannot be said for the hard knocks it gave on the profits. From 2003-04 until 2013-14, without banking and finance in the picture the combined revenues for fortune 500 companies listed under [...] Continue Reading »
In a move which will apparently trigger the revival of the stagnating highways sector and offer a helping hand to stressed projects, the option to defer premium payment commitments of a number of projects will be allowed by National Highways Authority of India (NHAI). As many as nine projects will likely receive the approval of [...] Continue Reading »
