Realty News
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
A three-storeyed building which was under-construction collapsed at M K Layout in Garudacharpalya 4th Main Road on Wednesday morning. A contractor, Mohan Nayar, was buried alive in the disaster while three children, who were playing in the basement area, luckily escaped. It is suspected that some more persons may have been trapped under the debris. [...] Continue Reading »
“Water’s Edge”, the signature residential project of Equinox Realty, the real estate arm of Essar Group, will be developed in the northern periphery of Bangalore. The project will be developed across 8 acres, and will comprise five 40-storeyed towers, which will be among the tallest buildings in the city. The project is located on the [...] Continue Reading »
The experience of buying a house for the first time is almost the same with every individual. Price and connectivity over location are the top two buying considerations, for first time home-buyers. Most of the buyers set out to buy a home with the average budget of up to Rs. 40 lakh. But since the [...] Continue Reading »
A workshop was organised by Embarq India, a not-for-profit enterprise of the World Resources Institute (WRI), in which town planners, architects, mobility experts as well as developers discussed the concerns with regard to sustainable mobility and infrastructure within special residential zones (SRZs) that are coming up in the city outskirts. According to the Confederation of [...] Continue Reading »
Ascendas, a Singapore-listed technology park developer, is likely to buy an IT special economic zone (SEZ) of Shriram Properties in Chennai, for about Rs 500 crore. Shriram’s IT SEZ is part of a larger mixed use development on a 58 acre land (1.3 million sq. ft.), which it had bought from Standard Motors Factory in [...] Continue Reading »
DLF, leading real estate developer of India, held back by debt and sluggish demand, is shifting back its focus on the familiar territory of its home market. The firm concentrates on building high-end luxury homes in North India while new projects in other parts of the country see a downtrend. Its overall focus in the [...] Continue Reading »
The first two quarters of the ongoing year 2012 have seen 21% decrease in office space absorption across key metro cities in India. The office space absorption in this year being 13.4 million square fee while it was 16.9 million square feet at the same period in 2011. According to the latest Cushman & Wakefield [...] Continue Reading »
Shriram Properties, a Bangalore-based realty player, is in talks with private equity (PE) firms to expand its land bank. The firm has planned to raise funds of Rs 700-800 crore through private equity. It is in talks with several PE firms including JP Morgan, Morgan Stanley and few other mid-sized PE firms. Shriram Properties has [...] Continue Reading »
Land losers have protested against two major players- Jindal Steel & Power Ltd and Dhamara Port Company Ltd (DPCL) over rehabilitation issues. While industrial projects have been stalled over land acquisition row, tension erupted during the public hearing on environment impact assessment for second phase expansion of Dhamra Port, villagers affected by the six million [...] Continue Reading »
