India
Germany-based global hospitality major Worldhotels is planning to expand its business in India. The company had announced its tie-up with Hyderabad-based Golkonda Hotels by planning to run 20 properties by the end of next year. Currently the firm runs 12 properties including Asiana Hotel in Chennai, The Claridges in Delhi, Pride Park Premier in Gurgaon, [...] Continue Reading »
According to the study by Venture Intelligence, a research service focused on PE and merger and acquisition activity in India, Private equity (PE) firms had invested about USD 1.84 billion during the quarter ended June 2012. The investment amount was 34 percent less than USD 2.79 billion invested in the same period last year. Further, [...] Continue Reading »
Mall owners in the Bangalore city are being forced to attract retailers by making irresistible offers in an inactive market. Some of the mall owners cut rent by 30 per cent to woo retailers, while some others are waiving off the maximum guarantee that retailers to pay, or are offering a three-months rent free and [...] 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 »
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
Eastern Financiers is buoyant on LIC Housing Finance. It recommends buying rating on the stock with a target of Rs 329 in its July 2, 2012 research report. LIC Housing Finance (LICHF), promoted by LIC of India, is one of the largest players in the nation’s housing loan segment.In addition of having a widespread network [...] Continue Reading »
The Indian developers mainly target luxury, high-end and upper-mid housing segment. Meanwhile the housing requirements of the lower middle-income and lower income groups that are grossly neglected in India. There is an ever-growing housing shortage since the cities fall short of planned housing for low-income group. According to the report by real estate services firm [...] Continue Reading »
Global realty consultant CBRE on Thursday said absorption level of office spaces in India may come down by about 15 per cent to around 30 million square feet this year due to the current economic slowdown. In the case of large spaces, market is slower and this will lead to fall in office space absorption [...] Continue Reading »
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »
