Pune
The country’s largest manufacturer of hydraulic, industrial and automotive hoses, Polyhose India has gained 86 acre land parcel which earlier belonged to Presidency Kids Leather, nearby Chennai. Under the SARFAESI Act the land was acquired through an auction conducted by Syndicate Bank. The deal size is said to be close to Rs 100 crore, including [...] Continue Reading »
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »
Online space is projected to be the very important medium for property buying. Until now it was restricted to checking designs and prices of properties. However, it may take a few years before online property buying becomes as common as purchasing clothes, electronics or books by the click of a mouse. Real estate companies inform [...] Continue Reading »
As per realty experts, for property developers as well as other allied services providers senior citizen are emerging as a new customer segment for creating a proper assisted living environment for them. According to a report by property consultant Jones Lang LaSalle, senior citizens are now being looked at as a potential real estate market [...] Continue Reading »
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that the [...] Continue Reading »
A report by property consultant Jones Lang LaSalle throws light on the matter. According to the report, the elderly population is expected to grow to 173 million by 2025 and senior citizens are now being looked at as a potential real estate market. The report explains a lot of senior citizens are independent, financially stable, [...] Continue Reading »
Are you planning to purchase a home in Pune? Are you interested on purchasing in a new project but within range of Rs 20-40 lakhs? If yes, then this is best time. There are number of new projects coming up in different parts of Pune. While some of these have already been delivered in the [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »
India Realty Excellence Fund II LLP, Motilal Oswal’s second real estate private equity fund, has made a fresh investment of 60 crore in housing project of Mumbai-based developer Ahuja Group’s. The company has raised this fund for deployment in its Ambernath project, in Mumbai’s central suburb, spread across 2.5 million square feet. The management of [...] Continue Reading »
