Bangalore
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that the [...] Continue Reading »
According to Knight Frank’s Prime Asia Development Land Index, the economic capital witnessed maximum appreciation in prime residential development land. The index takes into account the cost of prime residential development land in 13 major cities across Asia that consists of NCR, Bangalore and Mumbai in India and determined that the Southeast Asian cities witnessing [...] Continue Reading »
Mr. S Raghupathy, Executive Director of CII-Godrej Green Business Council, says that this is an important development in the country and has caught the attention of commercial buildings, Government offices, heritage buildings and homes as the price has decreased over the years. He also concluded that the price of establishing a green building varies upon [...] Continue Reading »
The world famous hospitality player Starwood Hotels & Resorts is planning to launch its luxury brands St Regis and W Hotels in India to meet the demand of the Indian market. With the launch of this brand in India, Starwood will have eight out of its nine brands in India. Mr. Dilip Puri, managing director [...] Continue Reading »
Following the petition from the Aam Aadmi Party, the Dakshina Kannada deputy commissioner suspended a steep toll rise on Mangalore-Bangalore highway. Mr. AB Ibrahim, Deputy Commissioner, says that he had directed Brahmarakootlu toll both officials that they should not charge commuters the revised fee. He also informed the director of National Highways Authority of India [...] Continue Reading »
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
India Realty Excellence Fund II LLP, Motilal Oswal’s second real estate private equity fund, has made a fresh investment of 60 crore in housing project of Mumbai-based developer Ahuja Group’s. The company has raised this fund for deployment in its Ambernath project, in Mumbai’s central suburb, spread across 2.5 million square feet. The management of [...] Continue Reading »
A premium elite ‘villament’ residential project called Wilasa in Bangalore has been launched by the Mumbai-based Pride group in association with Tanvi Holdings. Arvind Jain, managing director at Pride group told sources, “The premium yet affordable ‘villament’ project is strategically situated amid the green zone of Bangalore, Kanakpura Road.” Wilasa is a boutique project that [...] Continue Reading »
