| | Even until the turn of the millennium, NRI investment in Indian real estate was a trickle. Some promoters would appoint a part-time local representative in cities with large Indian populations. The more enterprising ones would occasionally participate in an exhibition where there would more questions than answers. For the 20 million Indians spread across the world, India, as a real estate investment destination, was far away. You bought property there if you had to. And prayed that your money and property would be safe.
(India Today Buyer’s Guide, Oct 2007 – March 2008 Edition) | | Heaven on hold as Goa awaits its fate
Telegraph, November 17, 2007
Britons love it for the beaches, winter sun and its house prices – but is it a safe investment? Ginetta Vedrickas investigates.
| | Deutsche Bank arm buys stake in Golden Gate Properties for $70
Deutsche Bank investment unit RREEF said on Monday it has invested $70 million in Indian real estate firm Golden Gate Properties Ltd, the latest in a series of deals in the property market by foreign firms.
(21 Jan, 2008, REUTERS) | | Parsvnath aims $15 billion investment in 5 years
Aiming to turn a 'conglomerate' from being a real estate major, Parsvnath Developers on Sunday announced an investment of Rs 60,000 crore (15 billion dollars) in next five years in diversified areas like SEZs, airports, express ways and retails business.
(20 Jan, 2008, PTI) | | Starwood, Oberoi arm in realty deal
Kingston Properties, the flagship company of leading construction and real estate firm Oberoi Constructions, has sealed a management contract with US-based Starwood Hotels & Resorts Worldwide. Accordingly, Starwood will operate and manage its five-star brand, Westin Hotels & Resorts, with real estate offered by Oberoi in Goregaon, Mumbai.
(19 Jan, 2008, Times News Network) | | DLF, Indiabulls tying up with foreign players
Supriya Verma
The real estate market is evolving at a rapid pace in India. With burgeoning volumes and rising real-estate prices, developers are working out new strategies to meet project deadlines and stay on top. Large developers like DLF, Ansal API, Indiabulls Real Estate, are now tying up with international construction players to ensure timely delivery of projects. About 802 million square feet is under construction currently.
(18 Jan, 2008, Times News Network) | | Sega, Dubai's Emaar plan Asia, Mideast theme parks
DUBAI: Dubai's Emaar Properties and Japan's Sega Sammy Holdings Inc said they agreed to develop indoor theme parks as part of the Gulf Company's $4 billion drive to build shopping malls in the Arab world.
(17 Jan, 2008, REUTERS) | | IL&FS firm picks up 50% in Uppal's Gurgaon project
Sanjeev Choudhary
IL&FS-controlled real estate firm, QVC Realty, is investing Rs 300 crore for a 50% stake in an integrated township project being developed by Delhi-based real estate developer Uppal group.
(16 Jan, 2008, Times News Network) | |
| | | Mumbai & Pune | | HCC to set up $11-bn hill station near Pune
Realty firm Hindustan Construction Co (HCC) is building a hill station over 12,500 acres in Maharashtra at a cost of Rs 440 billion ($11 billion).
(21 Jan, 2008, IANS) | | Essar acquires Peninsula Land's Kurla project for Rs 1,200 cr
Rajesh Unnikrishnan
MUMBAI: In the largest commercial property deal in India, the Essar Group has acquired Peninsula Land's (PLL) Kurla commercial project for about Rs 1,200 crore. Peninsula Land sold approximately 9 lakh sq ft of commercial space to Essar Realty Holdings at its upcoming Peninsula Tech Park project in the Swan Mills compound at Kurla in central Mumbai for Rs 14,000 per sq ft.
(15 Jan, 2008, Times News Network) | | Curb lifted on Mumbai development
Joe Leahy
Indian legislators have scrapped a law that has held back development in the financial capital of Mumbai, boosting shares of developers, construction companies and land-rich groups.
The state of Maharashtra legislative assembly, which governs Mumbai, repealed the Urban Land (Ceiling & Regulatory) Act, which, say analysts, could free up 17,000 acres in space-deprived Mumbai in the long term.
(30 November, Financial Times) | |
| | | Kerala | | HDIL plans 70 acre cyber-city in Kochi; to invest Rs 2,000 cr
Housing Development and Infrastructure has planned a 70 acre cyber-city at Kalamaserry, Kochi. The project will be executed by its subsidiary, Blue Star Realtors.
(18 Jan, 2008, INDIATIMES NEWS NETWORK) | | HDIL to invest 20 bn rupees in Kerala township
Real estate firm Housing Development and Infrastructure Ltd <HDIL.BO> said on Thursday it plans to invest 20 billion rupees over four years for a township in the southern state of Kerala.
The information technology township at Kochi, spread over 70 acres, will have commercial and residential buildings along with schools and malls, the company said in a statement. Ahead of the announcement, shares in the firm ended up 5.8 percent to 1,394 rupees.
(17 Jan, 2008, AGENCIES) |
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