Real estate in India
After establishing strong hold in high–end residential and commercial space, Sunteck Realty is looking to entering the retail commercial segment. A new mini-mall is coming up in Goregaon in northern suburbs of Mumbai is being put up by the firm. The mall will have a mixed development of high-end luxury residential and commercial and retails [...] Continue Reading »
According to sources, private equity firm, Sun Apollo is to invest up to $50 million on projects developed by Indian real estate company Sobha Developers. Sobha Developers is based in South Bangalore, has built more than 51 million square feet of homes and offices since 1995. Sun Apollo is to invest on project basis and [...] Continue Reading »
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
After a slowdown in the first two quarters of 2012, India is witnessing a rise in demand for commercial rental spaces. Major cities such as Mumbai, Delhi-NCR, Bangalore, Chennai, Hyderabad, Pune, and Kolkata saw a total of 7.6 million sq ft office space absorption in the July to September as compared to 5.9 million in [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
The two potential bidders, Government of Singapore Investment Corporation (GIC) and private investor Red Fort Capital are to acquire the real estate assets of Hindustan Teleprinters (HTL), where Himachal Futuristic Communication (HFCL) holds 74% stake. After HTL was deemed as non performing assest, SBI took possession of 10.16 acre company land, in Chennai. The final [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
A Group of Ministers (GoM) has cleared the long-delayed controversial Land Acquisition Bill. This will pave the way for its introduction in Parliament in the forthcoming winter session. Developers body National Real Estate Development Council (NAREDCO) said welcoming the move that land aggregation would be easier with the panel of minister’s proposing that consent of [...] Continue Reading »
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
Mysore’s real estate has received a boost as construction activity, with the city’s municipal corporation issuing over 100 licenses to builders for residential projects. Most of the realty developments are coming up along the arterial and peripheral roads, especially the Outer Ring Road area. The local players in the residential property segment are hopeful of [...] Continue Reading »
