Bangalore saw doubled PERE investments in 2012

Global real estate consultants Cushman & Wakefield reported that Bangalore received nearly Rs.32.3 billion of Private Equity in Real Estate- PERE investments.
PERE investments have risen in Bangalore.

PERE investments have risen in Bangalore.

BANGALORE: According to the latest report by Cushman & Wakefield PERE investments have increased in Bangalore. Last year the city received Rs.32.3 billion in the form of private equity investments. The global property consultants reported that the amount is double the size than that of last year.

Most of the private equity investments were done in the commercial sector. The PE investors like Blackstone and others shifted their investment plans to the commercial sector.

While Rs.32.3 billion was invested in the commercial sector, only Rs.28.5 billion was invested in the residential sector. However the pre-launch residential properties witnessed highest number of PE deals. Though about 25 PE deals took place in the residential sector, the amount was comparatively far lower.

With Rs.13 billion of PE investments, Mumbai stood on the second spot. Delhi-NCR stood third with INR Rs.7 billion of investments. While Mumbai witnessed a minimal decline of 2%, NCR saw a sharp decline of 44%. Continue reading

Bangalore Residential Market Goes Green Now

Green buildings are slowly becoming the new trend in the Bangalore residential market. Recent reports show that the number of green buildings is increasing in the city.
Green buildings strike Bangalore residential market .

Green buildings strike Bangalore residential market .

There are totally 41 LEED India-acknowledged green buildings in Karnataka. Out of these 41 green buildings 39 are in Bangalore. Now you realize how Bangalore residential market is becoming green now.

Karnataka has fourth-maximum number of green buildings in India. However there is a good appreciation from the buyers’ side as well. The people in Bangalore demand more for green buildings now and it seems to have become one of the leading trends in Bangalore residential market.

With the highest number of green buildings, Maharashtra is on the top list which is followed by National Capital Region and Tamil Nadu.

According to the industry experts; in India, the number of residential apartments – compared to commercial buildings, will be more by 2030. Continue reading

Blackstone To Buy Bangalore Business Park For $367 Mn

US-based private equity firm Blackstone, along with two Indian real estate firms, plans to buy Business Park in Bangalore at a price of $367 million (Approximately Rs.19.5 billion).
Blackstone aims to own Business Park in Bangalore.

Blackstone aims to own Business Park in Bangalore.

US-based Blackstone plans to buy Bangalore Business Park for a sum of $367 million. The private equity major is in talks and is expected to buy the Business Park in Bangalore. The deal is said to be over within two or three months.

The Rs.19.5 billion deal is expected to be the largest ever private equity investment in India since 2008. Blackstone, along with HDFC and Embassy Realty group, will equally invest in the Business Park in Bangalore. The Business Park is located in the outskirts of Bangalore. Continue reading

Blackstone To Gain Huge Profit From Its JV With Embassy

Blackstone, one of the leading global private equity and investment firm, is set to amass a huge profit from its Joint Venture in Bangalore.
Realty investment in Bangalore gives a good reap to Blackstone

Realty investment in Bangalore gives a good reap to Blackstone.

Blackstone has, joining hands with Bangalore– centered real estate firm Embassy Property Developments, planned to develop a luxury-oriented residential project. The Blackstone- Embassy group will jointly develop 467 housing units; each unit priced between Rs.3 to Rs. 10 Cr, in the project.

Blackstone expects to gain around Rs.210 Cr from their JV. This is their first big investment in Indian real estate market.  In 2011 the global private equity major invested in Embassy Lakeside Terraces which is an ultra-luxury villa project. From their investment in the project, Blackstone is expected to gain around Rs.210 Cr which represents around 28% of the absolute profit. Continue reading

Bangalore Real Estate Market: Prone To Unfair Measures

Bangalore real estate market is prone to many unfair and unjust means and ways. The situation is mainly due to the presence of unregistered real estate agents.
Bangalore real estate market

Bangalore real estate market is said to be in the hands of unregistered real estate agents. They play keen role in the fate of Bangalore real estate market.

Bangalore real estate market has been experiencing a boom despite the sluggishness existed in the country. Yet the real estate boom has led to many unjust means and ways in the city.

Looking at the way how the homes are rented, bought and sold, one can read how the Bangalore real estate market booms. Due to high inflow of middle-class and upper-middle class job seekers to Bangalore, property prices have shot up. Continue reading