Sagarika Ghatge, the Bollywood actress who came to the limelight of film industry with Chak De! India, has recently filed a case against a realty firm. She alleged that her photos were used by the firm for the promotion of its projects. Earlier she had endorsement deal with the same firm. However the deal ended in mid 2011. Continue reading
Terminated Deccan Chargers
Deccan Chronicle Holdings’ (DCHL) disclosed their plan to sell out their IPL franchisee. This seems to be a stepping stone to another real estate firm after DLF to the Indian Premier League (IPL). Mumbai -based well known real estate firm Kamla Landmarc is set to try its luck in cricket. Continue reading
Private equity (PE) firms were the top investors in the 2006-08 boom years of Real estate. But the recent situation shows that they look ways to exit. Though they aim to exit profitable returns hold them tight in the field. Fallout of negative returns from their real estate investments makes them rethink of their exit. Continue reading
Last Monday, prospectus was filed according to which the Embassy Property Developers, an Indian real estate firm is planning to raise an amount of 513 million dollars through an IPO (Initial Public Offering) of shares.
As per the prospectus, a pre-IPO placement of around 57.5 million shares for up to 11.75 billion rupees is being considered by Embassy Property. However, it is expected that they will provide a discount of 5% to the retail investors.
The IPO time line is not yet set.
According to the data collected by Thomson Reuters, in 2009, there was a raise of $16 billion from 87 offerings, while in mid June of this year; a total raise of about $11 billion from 56 issues took place.
PThe state of Southern India has shown a demand in Real Estate properties over the last few months which is a good news for the people of the trade.
The Realty Sector in Hyderabad, Andhra Pradesh has shown sudden upsurge after the recent political turmoil it went through. The demand for both, commercial and residential properties have registered an increase.
The trend is more evident in Tier I and tier II areas specifically; making them high demand markets.
Prabhakar, a Real Estate Sales Officer had this to say on the topic, “Market is improving as of now because of these developments happening in the Hyderabad areas like outer ring road area, Infosys campus and many other areas, so this is the right time to invest and to buy a customer.”
Even the prices of the realty sector have improved as the customers feel Hyderabad is the right place for investment thus increasing the sales.
Raj Kumar, Marketing Manager in a Real Estate firm puts forth, “NRIs, Doctors and Information Technology (IT) people are coming forward for the investment and even some of the central government employees are also coming forward. As you know, now a days comparing with the facilities what we are giving on what rates we are giving, people are seeing benefits and on these bases they are coming forward for investments and showing interest.”
The sector is one of the biggest in terms of number of employees working in the country. It is anticipated that in the next decade the realty sector will grow at a rate of 30% every year. This is bound to attract foreign investors with as many as 30 billion US dollars along with a number of IT parks as well as residential townships being constructed across our country.