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

Real Estate Price Trends: Job -Generation Determines

Real estate flourishes only in cities which generate higher numbers of job opportunities. In these areas real estate price trends remain more dynamic. Other factors remain unable to bring any favor to the real estate price trends.
real estate price trends

Real estate price trends shift according to the location’s capacity to generate large job-opportunities.

Real estate price trends change according to the construction costs and inflation. However the dramatic shifts of prices is more visible in cities which produce higher number of job opportunities.

South Indian cities like Bangalore and Chennai, other cities like Hyderabad and Pune appear to be ahead of other bigger cities in creating job opportunities. With this improved and leading position in creating job opportunities, these cities witness better real estate growth in comparison to Delhi and Mumbai.

Jones Lang LaSalle India’s CEO Om Ahuja reported that if the situation goes on like this these cities will overtake Mumbai and Delhi. He also pointed to the growth of Gurgaon as well. Continue reading

Blackstone Sets Its Luring Eye On Vrindavan Tech Village

Private equity major Blackstone has entered into final talks to buy Vrindavan Tech Village. The private equity firm expects to fix the deal for Vrindavan Tech Village, Bangalore for Rs.900 Cr.
Vrindavan Tech Village

Vrindavan Tech Village: On the verge to be bought by Blackstone.

Blackstone, a leading private equity Group, is in its final talks with the authorities of Vrindavan Tech Village. Bangalore-based Vrindavan Tech Village is one of the largest IT parks of the city. The deal is said to be fixed at an amount of nearly Rs.900 Cr.

The Private equity biggie has hit the news headlines with its dealings with many real estate developers. Blackstone recently had business-deals with DLF.  Last year, it acquired DLF’s IT SEZ in Pune by paying Rs.810 Cr. Continue reading

ORR Bangalore Offers Better Odds To Comm. Real Estate

Outer Ring Road (ORR Bangalore) offers better odds for Bangalore real estate market. Lang LaSalle India reported that Outer ring road is the best performing commercial area in Bangalore.
ORR Bangalore is one of the best commercial real estate area.

ORR Bangalore (Outer ring road)turns up as one of the best commercial real estate area.

The latest report of Jones Lang LaSalle India (JLL) revealed that ORR Bangalore is the best performing commercial area. The JLL report specially highlighted the growing importance of K. R. Puram – Marathahalli – Sarjapur Road stretch.

According to the recent studies by JLL the ORR Bangalore has an increased growth. This area has become one of the most performing commercial areas in Bangalore. Whitefield also is said to be included in the best performing commercial areas in Bangalore metropolitan. Continue reading

Real Estate Chennai Grows Faster Than Bangalore

Recent trends in Chennai real estate show that it will stand with Bangalore real estate. How far it will take place? Following comparative analysis will tell you how far.

chennai real estate seems to be in safer hands

Chennai Real Estate Seems to Be in Safer Hands. ( image source )

Chennai and Bangalore are two prominent South Indian cities which generate new business. Both the cities have witnessed a higher level of growth in the recent past yet Chennai real estate stands little higher.

Real estate sector in both these cities are growing very fast. Of course Bangalore might stand steps ahead regarding the maturity aspect. Market growth of Bangalore which preceded that of Chennai can be counted as the reason behind this. Continue reading

Bangalore Real Estate Price Sees Another Hike

Bangalore Real Estate Price hikes again. Despite being affected by the upcoming of Gurgaon, Noida and other suburbs, Bangalore kept its position among the top real estate fields. Due to many reasons there was a considerable growth in Bangalore Real Estate Price. Bangalore emerged as another hotter spot for the real estate. The price of the land and properties of Bangalore rocketed in recent years. Continue reading