DAMAC Properties to Invest $1Billion in Indian realty

Dubai-based DAMAC Properties plans to invest $1 Billion for developing realty projects. The Group expects to gain some Indian investors.
The opening ceremony of DAMAC Towers by Paramount, one of the most noticed projects of DAMAC Properties.

The opening ceremony of DAMAC Towers by Paramount, one of the most noticed projects of DAMAC Properties.

DAMAC Properties is pondering over having an investment in India. The Dubai-based private developer will invest $1Billion for developing realty projects.

DAMAC Properties has informed that they will be soon launching the second phase of its $1Billion project. Under the second phase luxury hotels and serviced residences will be developed.

DAMAC Towers by Paramount is on its way to completion. The premium luxury hotel tower is being developed in the prime location in Dubai. The project is located in the Burj Area in the same location of the world’s tallest tower Burj Khalifa Dubai.

The tower comprises 540 prime Paramount Hotel and Residences.  Additionally there are 1000 units of DAMAC Maison – Paramount co-branded serviced hotel residences in the tower.

Indian investors are expected to invest in the realty projects of DAMAC properties.

Indian investors are expected to invest in the realty projects of DAMAC properties.

DAMAC Towers by Paramount is a joint venture between DAMAC Properties and Paramount Hotel & Resorts. The project was presented in Delhi and Mumbai in the last week.

DAMAC Properties’ Managing Director Ziad El Chaar said that the project received good response from the Indian investors. He added that Indian investors make a good percentage of their clients.

He opined that there is a deep love for Hollywood movies among Indians. So by partnering with one of the well-established Hollywood movie houses, the group aims to attract investors from India.

This unique project is one of the best investment options. It is noticed for its intrinsic value appreciation.  DAMAC Maison will manage the 1, 2 and 3 BHK serviced hotel residences. DAMAC Maison is the hospitality division of DAMAC Properties.

Fully-fitted kitchens and other services make these serviced hotel residences more favorites. Other services include housekeeping, valet parking, concierge, in-room beauty treatments and round the clock kids club, and lots more. All the more the owners will have the option of keeping their residences on rent while they are away. It thus lets them have a source of income as well.

Giorgio Armani To Design Supertech’s Real Estate Project:

The well acclaimed success in Dubai prompts Giorgio Armani to launch superior luxury apartments in India too. The Italian fashion designer will join hands with Noida-based real estate group Supertech with this purpose.
Giorgio Armani Sets new horizons for luxury real estate

Giorgio Armani, renowned fashion designer, is all set to design new horizons for luxury real estate in India.

Giorgio Armani is all set to give a new dimension to the luxury real estate of India. Collaborating with Supertech, Italian fashion designer Giorgio Armani will develop some superior and ultra-luxury apartments in Noida.

Previous year witnessed Armani tying up with Lodha, a Mumbai-based real estate developer Group. This year the Italian fashion designer is joining his hands together with the Noida-based Supertech for designing Armani Tower.

Lodha developers had signed on Armani for designing their 117-storey residential project. The project comprises apartments and villas. The prices range from Rs.7.5 Cr to Rs.50 Cr.

Armani Tower, comprising 100 luxury housing units, will be designed in Supernova one of the most notable luxury projects of Supertech. The project will spread over 4,00,000 sq. ft. Armani will design the interiors and furniture of the project.

The project will have apartments of two sizes — 3,000 sq. ft. and 5,000 sq. ft. The estimated rate of each unit will be near to Rs.20,000 per sq. ft. These housing units which cost nearly Rs.10 Cr will be the most expensive in Greater Noida. Continue reading

Sobha Real Estate Developers Comes Up With Dubai Meydan

India’s Sobha Developers plans to start a new project in the most flourishing land of Dubai. This project is estimated at an amount of $3 Billion. Sobha Developers will invest in Dubai Meydan Project which worth $3 billion. Sobha Developers is one of the multinational real estate firms of India. Sobha Developers have announced that it would start work on the Meydan City Project by early 2013 and so it will become one of the 2013 new projects. Continue reading