After closing its two earlier real estate funds, India Infoline Ltd (IIFL) plans to raise two new funds. These new funds will be invested for developing a residential and office space projects.
India Infoline Ltd (IIFL) has announced that it would close two old real estate funds soon and start raising two new funds. IIFL plans to raise the new funds from domestic investors. The funds will be probably be used for developing residential or commercial projects. Continue reading
Thomas Cook, the world renowned travel and tour provider and agency, has informed that it will monetize its realty assets in India. The decision is taken mainly to cut short its debts.
Thomas Cook has over 32 realty properties across India. The group has recently appointed Jones Lang LaSalle for monetizing some of these properties. The group hopes to earn up to Rs.300 Cr., through monetizing its properties.
While informing the media their plan to monetize the realty assets, company spokesperson said that the amount will be used for funding the working capital requirements of the group.
The group aims to cover up or cut short their debt with the amount raised from monetization of the properties. The monetization will be done through Institutional Placement Program (IPP).
The company is reported to have a tough time in the last one to one and half years. The company has to find some emergent fund for erasing their debt. This is the reason behind their decision to monetize the realty assets. The company aims to raise around Rs.300 Cr by the way of monetization.
The company has appointed real estate consultant firm Jones Lang LaSalle India to handle the monetization. The real estate consultants will find takers for leasing the property.
Commenting on the monetization plan of Thomas Cook, some property experts say that the investors must be cautious to invest with the firm. They say that the investment over Rs.65 per share is risky and they ask the investors to fix the deal only if the price apiece is below Rs.65.
Monetization of the realty assets is always considered as one of the best and easiest ways to lower the debts. The market watchers are looking forward how this will help the group reduce its debt.
Salman Khan has a home, Gateway Apartment, worth Rs.110 Cr. The home of Bollywood superstar is located in Bandra.
A few houses away from Shahrukh Khan’s Mannat, there is a home called Gateway Apartment, an ultra-luxury residence that belongs to Salman Khan. This home is located in Bandra, one of the finest locations where most of the Bollywood and cricket stars find shelter. Continue reading
Issuing advertisements, market regulator SEBI has asked the investors to be cautious against dubious collective investment schemes.
The advertisements issued by the Securities and Exchange Board of India (SEBI) ask the investors to be cautious against the collective investment schemes (CIS). The SEBI –Ads were mainly against the schemes initiated by MPS Greenery Developers and Rose Valley Real Estate and Construction. Continue reading
Housing sector is expected to face a shortage of supply this year as most of the under construction projects have gone only a halfway through.
The prospective buyers will have to wait for one or two years more for getting their new homes. Though the year 2013 was predicted to see completion of more projects, it won’t happen this year, leading housing sector to face shortage of supply. Continue reading
Associated Chambers of Commerce and Industry of India reported that realty investment in UP has increased over four years’ time.
Realty investment has grown up in Uttar Pradesh, states Associated Chambers of Commerce and Industry of India (ASSOCHAM). Real estate sector in the state has seen remarkable progress during the period from 2008-09 till 2012-13. Continue reading
Acquiring land in Nagpur, Surabhi Chemicals has shown their plans to step into the realty sector. The group plans to develop a commercial or residential project in this land.
Surabhi Chemicals has acquired some residential plot in Nagpur, where they will develop either a residential or commercial project. This will mark their entry into the real estate sector. The textile chemicals firm also has plans to expand their realty business to other cities like Surat and Vadodara. Continue reading
Aiming to promote the Bollywood film Aurangzeb, Arjun Kapoor, the hero of the movie, will stay in Gurgaon for a week.
It seems that Bollywood industry is applying new methods for the promotion. The decision of Arjun Kapoor to stay in Gurgaon for a week as part of its promotion, throws glimpses of light to this kind of new promotional methods. Continue reading
Weak office space demand affects not only the developers but also it affects the Air Cool manufacturing firms. Thus from the revival of office space demand, A/C firms also will receive boost.
The air cooling manufactures improve their sales along with increase in office space demand. Reports show that the air-cooling manufactures like Blue Star India and others are affected by the weak office space demand. Continue reading
US based Hines realty is planning to set its foot in India. The American real estate firm is seeking Indian partners for developing joint ventures.
Residential market in India is one of the most charming residential markets in the world. It has been attracting investors from across the globe. Private equity investments in the Indian residential market are fine examples. Adding to it is the plan of Hines Realty to enter India. Continue reading
Asia Pacific Property Digest, the quarterly report of JLL India, states that the foreign retailers may postpone their India Entry by one or two years.
With the foreign direct investment policy of the central government, the realty developers were expecting foreign retailers to set up their outlets and stores in India. Developers thought they could find some takers for their vacant spaces in their shopping mall projects. Continue reading
Bangalore now has more numbers of high rise apartments. They are providing a new skyline to the high-tech city.
BANGALORE: High rise apartments had become a necessity in Mumbai and other top cities where there is no sufficient space for development. Till recently, there weren’t many high rise apartments in Bangalore mainly because there was sufficient land for developing projects. Continue reading
Indian cricket team captain M S Dhoni is constructing a new farmhouse in Kanthitar where he has been gifted one acre of land.
A farmhouse with all luxury amenities and facilities are being developed in Kanthitar. What makes this farmhouse more special is that this farmhouse belongs to M S Dhoni, the captain of Indian Cricket Team. Continue reading
Gurgaon, one of the most prominent cities in the NCR, is now facing acute power shortage. Scarcity of water adds multiplies the troubles of the city-residents.
Gurgaon was once considered as one of the most suitable locations in the NCR to live on. Now the recent reports show that the city is affected by various issues like power shortage, water scarcity and other sanitation troubles. Continue reading
In the last four years, Mumbai saw property rates rising by 66 percent. Property rates shot up in the city mainly due to the scarcity of land and limited supply.
Mumbai, the city which remained the top home destination in India, has always enjoyed higher property rates. According to some recent reports, over the last four years, the property rates in the city have gone up by 66 percent. Continue reading
Real estate sector across the country is booming and so is now in Guwahati. The city known as the gateway to Northeast Region is now witnessing the boom of real estate.
Though the real estate has been booming in the country for a long while, it was not seen in any of the Northeast States like Assam. Now, the situation is changing. Many of the Northeast cities like Guwahati have become hot spot for realty. Continue reading
According to the report of CBRE, foreign retailers are set to demand for more retail space in India. According to the report Mumbai and Delhi are the two most favorite destinations of the foreign retailers.
Foreign retailers across the globe are flowing to India now. The rising population in India in fact prompts them to set up stores in the Subcontinent. The rising income level is another factor which prompts them to set up more stores here. Continue reading
Bollywood-throb Katrina Kaif now owns a home in Bandra, Mumbai. She has converted this old home to her dream home after renovating it.
Katrina Kaif owned an old apartment which according to her was not as comfortable as it should be. Further it had various other problems like leakage and so on. Thus she has been on a house-hunt for a while. Continue reading
Godrej Properties, the real estate wing of Godrej Group, has announced its plan to raise Rs.700 Cr. The fund will be raised through rights issue.
MUMBAI: The real estate wing of Godrej Group, Godrej Properties, has announced its plan to raise a fund worth Rs.700 Cr. The fund will be fully utilized for developing its new projects. Godrej Properties plans to raise the fund through rights issue.
Aiming growth and for developing more number of realty projects, Godrej Properties plans to raise Rs.700 Cr through rights issue. Continue reading
The Maharashtra Chamber of Housing Industry (MCHI) requested the state CM Prithviraj Chavan to form two expert panels for the clearance of projects.
MUMBAI: The Maharashtra Chamber of Housing Industry (MCHI) has requested Prithviraj Chavan, the State CM, to appoint two expert panels for clearing the real estate projects.
MCHI asked for two panels which will be formed of five experts and structural engineers. MCHI has also asked the state CM to disperse the high-rise committee. Continue reading
Delhi-NCR received Rs.700 Cr PE investments, reported property consultant firm Cushman & Wakefield. However PE firms showed least interest in Gurgaon.
DELHI: In 2012, private equity firms invested Rs.700 Cr in the Delhi-NCR. Overall, India received Rs.19,000 Cr in 2012. PE firms contributed one third of the total investments. The remaining investments were received through institutional sales.
CREDAI Bengal Chapter has said that new property tax will make property transactions costlier. It will adversely affect property transactions as well as the realty sector.
KOLKATA: The state government of Bengal has proposed new tax on property transactions. This was presented in the Finance Bill 2013. Continue reading
The West Indian Cricketer Chris Gayle will endorse Agrani Homes, a Patna based real estate firm. The cricketer has signed the endorsement agreement.
PATNA: The name of Chris Gayle is absolutely popular among all who love cricket. Doubtlessly, he is one of the most favorite players in the IPL 2013 too. His popularity reached new bounds when he scored a mammoth 175 from just 66 balls. Continue reading
The global private equity firm Actis is planning to exit its first and only PERE fund in India. Actis had invested $25 million in a residential and retail project in Bangalore.
The private equity firm Actis is pondering over exiting its private equity in real estate (PERE) fund from India. The private equity firm had invested $25 million in Bangalore for the development of a residential and retail project. Continue reading