Mumbai
Essel Financial Advisors and Managers (EFAM), the private equity arm of Essel Finance, is making two real estate-focused funds – a domestic fund of Rs 500 crore and a foreign fund of $200 million (Rs 1,200 crore).The focus of both the funds will be on investing in residential projects in top six cities in the [...] Continue Reading »
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »
According to a top official at the company, Godrej Properties Ltd is looking for a partner to develop a housing project and is keen on entering the Noida real estate market. in joint venture with land owners, The real estate arm of the Godrej group is budding 3 premium housing projects in Gurgaon and not [...] Continue Reading »
The BJP manifesto made at least three promises of direct interest to real estate developers. The party promises to put up 100 new cities, develop a national land use policy and nationally roll out a low-cost housing plan. For investors in property and for the sector as a whole, the promise to upgrade infrastructure and [...] Continue Reading »
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in [...] Continue Reading »
The city has been developing rapidly over past decade and a half. The city is close to Mumbai, and is strategically located on the Central Railway main line and the Mumbai-Agra National Highway. It is the new centre of industries, commerce, administration, education, production and marketing. The city has has three well-developed industrial estates at [...] Continue Reading »
The developers in Pune are not deterred by economic slowdown and high interest rates. They are launching a series of projects in high-end, aspirational and affordable housing categories. Mayank Ruia, head of residential business at Phoenix Mills said that the fact that the city is a hub for investment and industry makes it one of [...] Continue Reading »
A new analysis of 12 global cities based on a range of indicators has ranked Mumbai with Moscow and Rio de Janeiro where residential real estate investment yields lowest returns and has named London and New York as the top international cities. ’12 Cities’, a report by Savills, a London-based realty major, categorize cities on [...] Continue Reading »
The bid for privatisation of six airports has been postponed to June due to the ongoing general elections, said officials of the Airports Authority of India (AAI), the nodal agency overseeing the bidding process. The due date for the Requests for Qualification (RFQ) for the Chennai, Kolkata, Lucknow and Guwahati airports has been pushed a [...] Continue Reading »
In the next two years, A string of global hotel chains including Rotana, Meininger, Jumeirah and Six Senses is coming up to enter the country due to attraction of growth prospects here. Kaushik Vardharajan, partner managing director, Asia Pacific, at hospitality consultancy HVS said, by looking up at the global situation right now, for these [...] Continue Reading »
