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Pune mall to be sold at a price of Rs 300 crore

Pune mall to be sold at a price of Rs 300 crore
Southern developer Nitesh Estates, which built India’s first Ritz Carlton hotel, has bought Israeli billionaire Mordechai Zisser’s 1-million-sq-ft Plaza Centre Mall in Pune for Rs 300 crore, according to at least three sources aware of the matter. Zisser’s diversified conglomerate Elbit Imaging Group, through its subsidiary Plaza Centers, operates a global portfolio of 37 retail [...] Continue Reading »

Overseas real estate deals attractive, suggests JLL

Overseas real estate deals attractive, suggests JLL
Supin Meechucheep, managing director of JLL (Thailand) suggests that investments in New York, Los Angeles, London, Tokyo, Shanghai and Beijing make perfect economic sense. He adds that property values in these big cities will continue to grow because of urbanisation. Supin favours investments in US in commercial assets, such as department stores, offices and hotels.  [...] Continue Reading »



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