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Statistics |
| Unique Visitors: 1 |
| Total Unique Visitors: 34999 |
| Visitors Out: 2382 |
| Total Visitors Out: 2392 |
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| Real estate helps in hedging against inflation |
| 2008-06-25 03:39:00 |
Mumbai, June 24: Estate">Real estate industry though hit hard by high interest rates, Niranjan Hiranandani feels that high rate of inflation might be a blessing in disguise as historically it has always attracted more investment into the sector.“Historically, if you see, people used to invest either in real estate or gold to hedge inflation. Only in recent times people are investing in shares, but real estate is a long-term investment and so it is the best bet for investment when inflation is higher,” Hiranandani Construction’s Managing Director Niranjan Hiranandani said.The higher the inflation, the more the depreciation of rupee and the costlier the properties. Thus when inflation is inching up, people should invest in real estates, the prices of which are certain to go up further, he said.
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| India’s ERMS application for the real estate industry |
| 2008-06-11 02:30:00 |
Bangalore: Bangalore-based In4velocity Systems, India's leading Estate">real estate and property development software firm, announced that Mumbai-based Kanakia Spaces, a renowned name in the real estate industry, has successfully implemented its market leading ERMS application, In4Suite, across its various construction projects over the period of 6 months. The overall deal value is expected to be above US $ 100,000.In4velocity’s unique Enterprise Resource Management System (ERMS) application, In4Suite, is India’s largest selling and the only integrated end-to-end solution for real estate and property development firms. One can automate the business processes right from land acquisition to engineering, from purchase to sales and from rental to property management.
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| Slowdown in Chennai property transactions |
| 2008-05-27 15:35:00 |
The number of property transactions in Chennai and its immediate neighbouring districts has come down by 10 to 15 per cent in 2007-08.In 2006-07, the three zones within the city registered about 3.7 lakh documents and netted about Rs.1,384 crore in terms of registration charges and stamp duty. Of these transactions, about 80 per cent was property related. The second half of 2007-08 witnessed a slowdown. Without exception, transactions in all the three zones of city – North, South and Central and the neighbouring Kancheepuram and Chengalpattu districts have come down. South Chennai was the worst hit, a drop exceeding 15 per cent. Chengalpattu followed this with more than 10 per cent. In 2006, these two districts along with Kancheepuram registered high growth in property transactions across the State.
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| Pranab hails Dubai firms' 'tailor-made' India projects |
| 2008-05-14 04:14:00 |
The projects being designed by various Dubai-based companies as part of their investment plans in India are tailor-made for Indian requirements, according to External Affairs Minister Pranab Mukherjee.The minister said this after going through a presentation on 'Dubai's growth and plans for the future and planned investments by leading Dubai companies in India' organized by the Dubai Executive Council, a Dubai government entity that formulates and implements federal regulations and local laws and prepares annual budgets along with development plans.
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| Philippines real estate firm enters India |
| 2008-05-06 03:50:00 |
Mumbai: Ayala Corporation of Philippines and its affiliate, Arch Capital Management, plan to invest $100 million in the Indian property market in the next two years.Ayala is one of the largest Estate">real estate brands in Philippines and the private equity fund is currently evaluating property in Chennai, Hyderabad, the national capital region, Mumbai, Pune and Bangalore.Sources say it will subsequently consider smaller cities as there is more room for development. Sources also say residential projects are top on arch capital management's priority list as it is easier to exit them. The fund is also considering investing in retail and IT projects.
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| Lehman to launch India real estate fund |
| 2008-04-20 05:52:00 |
MUMBAI, April 16 (Reuters) - Lehman Brothers Holdings Inc. sees opportunities in India despite volatile markets, and will launch its first dedicated India fund this year for Estate">real estate, the investment bank's country head said in an interview published on Wednesday."We are now starting to see some excellent investing opportunities, at both the project level and company level," Tarun Jotwani, chairman and chief executive of Lehman Brothers India, told the Mint paper.
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| India Has Real Estate TV |
| 2008-04-12 02:58:00 |
powerful new force in Estate">real estate marketing has emerged with the news that India has its first 24x7 channel dedicated to the world of real estate. The channel is now available in all metros and major cities across the country. The new TV channel will provide viewers up to date information on all aspects of the property market. Among the major distribution platforms, Real Estate Television has signed agreements with Hathway and Amogh in Bangalore, Hathway and SCV in Chennai, InCable and Seven Star in Mumbai and InCable in Delhi. It is also available across leading cable networks in Tier 2 cities. Real Estate TV has been put together by media personality Sashi Kumar, and its COO, TK Vibhaker. The Network’s state-of-the art studios in Bangalore, Mumbai, Delhi-NCR, Chennai and Hyderabad continually feed news related to real estate and infrastructure from their respective regions to its hourly Realty Check bulletins.
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| The property market in India may continue to experience growth in 2008 |
| 2008-04-02 03:43:00 |
That is according to Jaideep Singh, head of the India desk at Knight Frank, the independent global residential and commercial property consultancy, who maintained that the Indian economy was currently "quite robust".He said that people in India now had greater spending power and that the country had seen the emergence of a mortgage system.Mr Singh commented: "The Indian economy is much better. The middle classes have made some money now so they can spend money.
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| Real Estate Authors from India |
| 2008-03-23 18:41:00 |
Hi, This is Tam Tree ,I hope you like the india Estate">real estate news blog.I need real estate authors from India to help me coverage the areas of Bangalore, Delhi and Goa.Please send email if you like to participated in this effort. Thanks !tamtree@gmail.com
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| US realty slump to turn attention towards India |
| 2008-03-22 11:01:00 |
MUMBAI: Cushman & Wakefield, one of the world’s largest property consultancy firms, said the real estate downturn in the US could continue and that India, China and the Middle-East will become even more attractive as these markets offer huge opportunities for investment.The US-based property consultant also said that more financial institutions in the US and Europe are likely to face financial problems in the coming weeks.In an interview with ET, John C Cushman III, chairman of the board, Cushman & Wakefield said, “More bad news could come. We are facing new challenges everyday. Though there is a debate on whether this is a recession or not, in the coming months more bad things are waiting to happen.”
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| Mumbai is set to break its record for land prices |
| 2008-03-18 15:31:00 |
The Mumbai Metropolitan Region Development Authority will offer plots for office space at a reserve price of 300,000 rupees a square meter ($690 a square foot), anticipating the buyer will convert the former marshland at Bandra-Kurla Complex into India's version of Canary Wharf, the financial development built in London's disused docklands.``It will definitely exceed the reserve price as the city offers a lot of opportunities and doesn't have sufficient surplus land,'' said Anuj Puri, the India head for Jones Lang LaSalle Meghraj in Mumbai. ``BKC will emerge as what Canary Wharf is to London.''
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| INDIA: Alok forms real estate venture |
| 2008-03-14 23:30:00 |
Indian textile firm Textile Alok_Industries Ltd has taken a 50% stake in Ashford Infotech, a part of the Ashford Group, for the joint development of Estate">real estate projects.It has acquired the stake through wholly owned subsidiary Alok Infrastructure, it told the Bombay Stock Exchange.The venture has already purchased the Bhandup land of tyre maker Ceat Ltd, measuring around 6.92 acres for around INR1.30bn (US$30m) as its first property development.
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| India framing ‘investment law for real estate trusts’ |
| 2008-03-10 04:27:00 |
India is currently in the process of formulating legislation for the introduction of Estate">real estate investment trusts which will help individual investors enjoy the benefits of owning an interest in the securitised real estate market, an Indian economist and tax expert has said.Sanjiv K Chaudhary, executive director of Pricewaterhouse-Coopers (India) said the real estate investment trusts would be regulated by the Government of India as well as the Securities and Exchange Board of India (SEBI).“The Indian real estate sector is booming. Investors can benefit from this by forming part of the real estate investment trusts which will make investments in...
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| European real estate giant enters India |
| 2008-03-03 16:43:00 |
Global design-focused Estate">real estate development company 'Yoo by Starck' has entered India. As its first project, the European company is designing a huge residental condominial worth Rs 1,500 crore with Panchshil Realty in Pune.Yoo by Starck also plans to expand its presence to Gurgaon, Goa, Bangalore and Mumbai with an investment of approximately Rs 1,800 crore in next four to five years.Yoo by Starck Chairman John Hitchcox announced this during a press conference on Thursday in Pune. Yoo, a design marketing and branding development firm, has presence in 21 countries. Yoo is presently constructing 41 projects around the globe at Rs 40,000 crore.
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| India real estate: price correction looms |
| 2008-02-28 04:22:00 |
Revenue visibility is better. In some markets, office or retail may be safer but mostly housing trumps these, as many US investors, who were earlier focused on office buildings, are now discovering.We have eighteen on-going developments, across large cities such as the greater Delhi area and Calcutta, to smaller cities such as Tirupur, Meerut and Bhubhaneshwar. We consciously trade off the liquidity characteristics of a large market for the higher margins in smaller city developments. On the whole, the portfolio is going well, though some aspects like licensing can be difficult. I do not believe these problems are unique to India though.
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| Indian real estate on a roll |
| 2008-02-23 10:29:00 |
The Indian Estate">real estate has gained a lot of traction from both within and outside the country in the past couple of years. A huge pent up demand and access to funds were the key drivers for propelling the Indian real estate market into an overdrive.The industry received the much-needed first shot of funding in 2005 wherein the foreign direct investment (FDI) route was opened up for Indian real estate. Since then the Indian real estate sector has transformed to reach $57 billion in 2007, and has a potential to reach $90 billion by 2012 according to the Eleventh Five Year Plan.
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| India's Primary Real Estate plans $500 mln fund |
| 2008-02-20 03:48:00 |
Foreign investors have taken advantage of such funds to rush into property development in India since it eased rules on inward investment in the construction industry in early 2005, sparking rampant land speculation and a near quadrupling in prices.But despite signs of a slowdown -- home sales volumes have fallen by one-fifth in Mumbai and 40 percent in Bangalore in the last year -- the head of Primary Estate">Real Estate, Ashwin Ramesh, is convinced that North American and European investors will invest.
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| Foreign and domestic funds poured $6.8 billion in India real estate |
| 2008-02-16 09:44:00 |
The US-based hospitality and Estate">real estate fund Walton Street Capital (WSC) has decided to invest Rs 1,000 crore in the booming Indian real estate market in 2008. It has already tied up with property developers for investing Rs 600 crore at the project level. These investments will be made in special purpose vehicles (SPV) floated specially to implement projects.The fund is in talks with three Indian developers for the remaining investments, which is expected in a couple of months, said WSC managing director Sourav Goswami.
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| India still reluctant on real estate trusts |
| 2008-02-14 00:19:00 |
Overbuilding in some areas worries investors. For example, around 50 malls are being built in the New Delhi suburb of Gurgaon. With the information technology industry thriving, about 100 million square feet, or 9.3 million square meters, of office space is to be built over three years, equal to all the office blocks in Washington.An economy growing at about 9 percent a year has helped push up Mumbai office rents by a fifth in 12 months, but as new developments pop up in India's main cities, old areas can also quickly go out of fashion.
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| Urban redevelopment plans for Mumbai, India's largest city |
| 2008-02-07 03:53:00 |
As India's economy booms and Mumbai becomes a major Asian financial center, property there is increasingly scarce and costly. Property values in south Mumbai, for example, have risen 10% to 40% during the past 12 months, and could rise 5% this year, according to Macquarie Securities.The "only way to generate land and create space for new commercial expansion of the city, is to clear these slums," says S. Sriniwasan, chief executive of Mumbai-based Kotak Real Estate Fund.
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| Indian Inflation Rises To Five-Month High |
| 2008-02-02 17:45:00 |
MUMBAI -Inflation in India has quickened to a five-month high, validating the central bank’s concerns and its decision to hold interest rates earlier this week.The wholesale price index stood at 3.93% for the week ended Jan. 19, up from 3.83% the week before, the Ministry of Commerce and Industry said in New Delhi Friday.
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| Top realty cos, investors to converge at Cityscape |
| 2008-01-27 23:49:00 |
Cityscape, one of the world’s largest business-to-business real estate brands, is all set to return to Mumbai this year following the success of the first Cityscape India event. More than 80 exhibitors showcased their projects and expertise at the inaugural Cityscape India 2007, which kicked off at the Bombay Exhibition Centre in November last year.
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| Real estate developers urged to build houses for all sections |
| 2008-01-20 16:39:00 |
“We have been seeing the changing landscape of Chennai over the years. From a single house, the concept has changed to 100-500 units in a single place. While it is a lifetime dream for middleclass people to own a home, those working in IT firms plan such dwelling in the first year of their employment itself. Streamline your projects in such a way as to avoid delays. Identify the weak spots and inform us and we will try to take remedial action,” he said. Prakash Challa, president, Confederation of Estate">Real Estate Developers’ Association of India
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| IndiaReit to offer $750 million property fund |
| 2007-09-14 17:19:00 |
MUMBAI: Indiareit Fund Advisors, a venture capital firm that counts 3i Group among its investors, plans to raise up to $750 million overseas for what may become the second-largest Indian real estate fund. The Mumbai-based company may begin seeking investors in the United States, Europe, Middle East and Japan by year-end, Ramesh Jogani, the managing director of Indiareit, said Monday. The fund will invest in companies that build apartments, malls and offices in India.
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| Hindujas plan ventures in real estate |
| 2007-09-08 21:57:00 |
The Hinduja group's businesses in India cover banking and financial services, media and entertainment, healthcare, Estate">real estate, power and energy.Raha said the group could add new verticals to its existing portfolio.Real estate is a huge opportunity, he said. The group has a land bank of around 1,000 acre spread across the metros. Similarly, healthcare, run by the Hinduja foundations could be leveraged into a profit-earning healthcare business. The first such initiative - a 350-bed hospital - is already under way, Raha said.
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| Pune`s closed factories become a real estate play |
| 2007-09-06 21:38:00 |
Rise in prices is tempting cos to convert factory land into realty projects. Pune’s factories may go the Mumbai mill-land way. The rise in Estate">real estate prices is tempting companies to convert their factory premises into real estate projects in the Pimpri-Chinchwad area, 20-odd km west of Pune, one of the country’s largest automobile hubs and a big centre for the IT industry. Driven by an eight- to ten-fold increase in land prices in the area in the last two to three years, companies like Raccold Appliances, Greaves Cotton, Elpro International, Garware Nylon and Formica India are converting their factory premises into commercial or residential projects.
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| Investment firm sees opportuinity if India slows |
| 2007-09-04 16:16:00 |
MUMBAI (Reuters) - Berggruen Holdings Inc expects the flow of foreign funds into India to slow down, creating big opportunities in real estate, private equity and potentially in the stock market, its founder said on Tuesday. India could not be immune to a global tightening of credit and rising risk aversion, despite its rapid growth and enormous potential, Nicolas Berggruen, the firm's founder and president, told Reuters. MUMBAI (Reuters) "India is being affected and will be affected as well. The question is how severe is the situation? It is impossible to know today, but it could carry for a while and it will certainly slow things down," he said.
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| Indian Realty: Subprime shock proof |
| 2007-09-02 16:39:00 |
In the last six months the default cases in the sub-prime borrowers’ category has gone up substantially. This has led to increase in the interest rates on sub-prime loan, making the repayment even tougher and further increasing the default rate. As the interest rate is going up, the value of sub-prime portfolio, which have bundled together in the form of security has gone down. Because of this, the buyer of sub-prime portfolio is likely to loose money. However, a senior global real estate fund manager said that the funds that have come to India are long-term resub-prime borrowers get at around 8.25%. As the interest rate is high, the chances of default by the sub-prime borrowers further increase.
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| HDFC closes intl real estate fund at $800mn |
| 2007-08-31 17:33:00 |
Housing Development Finance Corporation (HDFC) today announced the closing of its first sponsored international Estate">real estate fund, HIREF International LLC, at $800 million.The nine-year, close-ended fund, open for subscription from only foreign investors, was subscribed to by 28 investors. With this international real estate fund, HDFC will be the largest player in the real estate private equity space in India, the release added.
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| Hines Real Estate lines up $300 mn India fund |
| 2007-08-30 02:42:00 |
Hines India Real Estate, a wholly owned subsidiary of American realty giant Hines, has set up a $300 million fund dedicated for projects in India. “We have an investment fund in India with $300 million of equity which should sponsor projects up to a billion dollars in total value,” said Yash Gupta, joint managing director, Hines India. Hines is one of the largest real estate developers in the world. It is a privately-held firm with a presence in over 96 cities across the globe. Its portfolio consists of around 950 properties and the firm controls assets valued at approximately $16 billion.
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| Gazit Globe to invest $110m in India |
| 2007-08-28 11:28:00 |
Gazit Globe real estate has recently signed a $110 million investment deal in India, Yedioth Ahronoth published Monday. The company partnered with Hiref International, which is part of the HDFC Group, one of India's largest developers. Hiref had recently received $750 million in investment commitments and is expected to invest in various real estate development ventures, ranging from commercial, high-tech and technological parks and combined city compounds, through to residential complexes and hotel resorts.
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| India's Brigade Group plans IPO by year end |
| 2007-08-26 23:23:00 |
BANGALORE (Thomson Financial) - Property company Brigade Group said it plans an initial public offering of its shares by November or December to raise funds for the construction and development of its ongoing projects. The Bangalore, India-based company said it expects the market conditions to have improved when it launches its offering in one or two months.
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| India's most expensive boulevard |
| 2007-08-26 02:32:00 |
So while the aggregate value of properties on Delhi’s creme-de-la-creme Amrita Shergill Marg at Rs 7,236 crore didn’t really raise eyebrows, the financial capital’s Napean Sea Road at almost double with Rs 12,375 crore did somewhat. Experts put this down to a large number of new high-end constructions, which have also helped Napean Sea Road to edge past supply in Mumbai’s other premium areas like Malabar Hill, Altamount Road, Breach Candy and Walkeshwar where very limited new construction is taking place.
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| India next big market for leisure real estate |
| 2007-08-24 23:39:00 |
Over 100 representatives from India's hospitality, real estate and travel industry attended the daylong event, which deliberated on trends in leisure real estate or non-hotel holiday accommodation facilities and opportunities for Indian industry.Referring to the growing middle class in India, May said, "With growing disposable incomes and aspirations and the enormous tourism potential in India, the time could not be better for the industry to launch new leisure real estate models that will meet the needs of the evolving consumer."
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| Foreign investors less keen on Indian real-estate |
| 2007-08-23 23:10:00 |
Analysts added that there are too many funds chasing too few good deals. So, funds have been slow in deploying capital and in turn this has affected their fund raising capabilities. They stated that worse affected are the third party funds, especially those launching a real estate fund for the first time. Experts commented that funds with the first mover advantage, which have been successful in deploying the money they raised and show good return projections will be able to raise money. But they too will take longer to meet their targets than they did previously.
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| Global real estate funds to partner developers for high-rise buildings |
| 2007-08-22 02:33:00 |
With land getting more and more scarce in Tier I and Tier II cities, international real estate funds, jointly with domestic property developers and real estate companies, are setting up high rise buildings in these cities. Philippines-based Ayala, an international real estate fund, is looking at entering the Indian real estate market by tying up with property majors in order to develop high rise buildings in Tier I and II cities. This includes cities such as Mumbai, Delhi, Kolkata and Bangalore. Besides this, the US-based Forestcity too is planning to enter the Indian market for developing high rise apartments.
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| Land deed cover spices up realty |
| 2007-08-20 03:45:15 |
Mumbai-The country’s real estate market is plagued by one problem: an acute shortage of clear land titles. Unlike in the US where investors are protected against any risk involving legal claims against property titles, realty buyers in India have no way of minimising their risks on a property deal.
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| India Property - Big picture or small realty? |
| 2007-08-19 01:51:20 |
Ravi Teja Sharma wonders if the mammoth development of real estate in smaller towns and cities in India really makes sense. Pick up a property supplement of any newspaper and you will be overwhelmed by the number of projects in smaller towns like Panipat, Kurukshetra, Bhiwadi, Sonepat, Dharuhera, Karnal among the many, by well known and other, less known developers. The players in the real estate market in areas around Delhi, for instance, are a mixed bag. From prominent players like Omaxe, TDI and Ansals, there are smaller ones like Nitishree, Pearls Infrastructure and Amrapali Group, to name a few.
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| Is it the right time to buy a house in India ? |
| 2007-08-17 23:32:40 |
To begin with, property prices have started a downslide, but it is more so for residential properties only. The commercial properties havent yet started on the downward curve except for a few locations in Bangalore and NCR. Regards to housing / residential properties, we have observed in general a 10 to 15% downslide in many markets of Mumbai, NCR, Bangalore, Jaipur, Chandigarh and other tier I cities Tier II cities though havent seen this correction yet.
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| Goa wants to develop special economic zones |
| 2007-08-16 00:15:35 |
The tiny coastal state, which wants to emulate the success of Bangalore and Hyderabad in IT, has sought permission to establish 15 economic zones, mainly catering to IT and ITES sectors. The Centre has already given in-principle approval for seven of them, but the state is yet to answer the crucial question: Who will acquire land for the economic zones? Land is hard to come by in Goa. Nearly 40% of the state’s land fall under forest zones and, hence, cannot be used for commercial purpose. The land available for development is bound by strict rules framed during the Portuguese rule. Approval from all living family members is mandatory for purchase/sale of ancestral property in the state. This makes any land deal a compli
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