India
Nearly 300 crore has been invested in real estate projects in the State by Primarc Group, which runs the ‘Crossword’ franchisee in West Bengal. At least six projects across the IT-township of Sector V in Salt Lake Kolkata are already under various stages of construction in proper and other fringe areas and suburbs like Birati [...] Continue Reading »
Some reasons that are working in favour of Bangalore north are , development plans such as the IT and aerospace parks by the government, Better connectivity to the city as well as to the airport, availability of land, signal-free roads, well-developed social infrastructure, proximity to IT/ITeS parks, industrial belts etc. Om Ahuja, CEO of Residential [...] Continue Reading »
The planned changes in foreign direct investment rules for the realty sector will be discussed by the cabinet this week. The new rules will help realtors to infuse more money into the sagging housing sector by lowering the minimum built-up requirements and minimum capitalisation. The minimum area requirement would be halved from 10 hectares to [...] Continue Reading »
Rs 1000 crore will be invested in the wholly owned infrastructure development arm of engineering major Larsen & Toubro, L&T Infrastructure Development Projects (L&T IDPL) ,by Canada Pension Plan Investment Board (CPPIB) . L&T is also looking at a second tranche capital infusion into the company which is of Rs 1000 crore , which is expected to [...] Continue Reading »
Concerns faced by its state-owned enterprises, including real estate major Emaar and telecom giant Etisalat in India, UAE is expected to take up the matter at the high level investment body meeting next week. A Commerce Department official told Business Line that, Anand Sharma ,Union Commerce and Industry Minister in his meeting with the the Managing [...] Continue Reading »
US-based Gumberg Global, after launching its maiden project, The North Country Mall in Mohali, is set to spread its wings in Punjab and other parts of the country. In India within seven years, the company is planning to invest a huge amount of Rs 35,000-Rs 40,000 crore ,as informed by B Anantharaman, managing director and chief [...] Continue Reading »
The urban development ministry is proposing for an important change in the foreign direct investment (FDI) policy for construction sector, which will permit foreign investors to purchase farm land in India. There has been a proposal to relax the FDI rules for construction and housing by the Department of Industrial Policy and Promotion (DIPP). It has suggested that a company owned and [...] Continue Reading »
US-based hedge Capri Capital Partners plans to raise about $400 million to launch its first India-dedicated real estate private equity fund. Capri Capital has $3.7 billion assets under management and advises pension funds and institutional investors globally. The firm is looking to raise the fund through its India arm, Capri Global Capital, after the upcoming general [...] Continue Reading »
As per a survey by Housing Start Up Index (HSUI), there has been a significant rise in housing demand in Tier-II cities like Bhopal and Indore, while the Tier-I cities have taken a beating. HSUI is an indicator of volume of construction in the housing sector in certain period covering 27 cities across India. Indore witnessed [...] Continue Reading »
India and Zimbabwe have decided to increase cooperation in sectors such as pharmaceuticals, infrastructure and health to boost trade and investment between the countries. The agreement was reached in the presence of Commerce and Industry Minister Anand Sharma with Zimbabwe Vice President, Joice T R Mujuru and Industry and Commerce Minister Michael Bimha in Harare [...] Continue Reading »
