Bangalore
Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, said on Monday it had created a Rs 770-crore development fund to develop residential properties in India with a clutch of global investors, including Dutch pension services provider APG and Sparinvest Property Fund II. The fund will invest and develop three to five [...] Continue Reading »
Godrej Properties Ltd (GPL) has formed a residential development platform with Rs 770 crore of equity commitment. The platform mainly aims towards the development of the middle-income residential space in Mumbai, Delhi NCR and Bangalore, apart from looking for opportunities in Chennai and Pune. GPL would contribute 29 per cent in the investment platform while [...] Continue Reading »
The Karnataka Housing Board (KHB) incurred a loss of more than Rs. 7.2 crore for wrongly measuring the floor area of buildings it rented out in a prime location in Bangalore. Before renting out any property owned by state-owned boards and corporations, it is crucial to correctly measure the floor area of the property and [...] Continue Reading »
XRBIA Developers, the former Eiffel Developers & Realtors Ltd., has recently revealed the first-of-its-kind affordable housing brand XRBIA for pan India. Hafeez Contractor, a 61 year old renowned architect, has developed a revolutionary new design for affordable housing. An exact full size model of the actual house was shown during an occasion. XRBIA – Connoting [...] Continue Reading »
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth. Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity [...] Continue Reading »
Brigade Group, one of the Bangalore-based top realty players, on Wednesday, announced that it is planning to venture with Government of Singapore Investment Corporation (GIC) to develop a residential project in Bangalore. Both the parties, Brigade and GIC, have entered into a 51:49 private equity partnership through a special purpose vehicle (SPV) for the development of [...] Continue Reading »
The students of M S Ramaiah Institute of Technology (MSRIT), Bangalore have come up with a replacement to cement in construction, under the guidance of realty experts. Using fly ash instead of cement will reduce the construction cost of projects. Moreover, fly ash is a very economical and environment-friendly solution. According to a recent survey, [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
