AMP Technologies plans of a worldwide –expansion of its services to the real estate investors. The firm aims to help the real estate investors across the world.
Finally Real Estate is to be supported by techies.
Sabeer Bhatia- led AMP Technologies, a software and Services Company, has announced launch of its office in India. The firm has plans to employ nearly 1,000 employees by the year 2015.
AMP’s Chennai office will offer all sorts of information to the real estate investors. The investors will have access to this real estate information from any type of computer- laptop, desktop, tab or notebook. Commercial real estate investors can even have access to this information thru their mobile devices as well. Continue reading
India’s largest real estate company DLF has plans to develop some properties in Delhi real estate. With this aim the real estate major has sold its stakes in Aman Hotel.
DLF Sells Aman Hotel Shares with the plan to refocus on properties in Delhi Real Estate. (pic. of DLF Bella Greens Bangalore): Delhi Real Estate can expect more like this.
By selling its stakes in the Aman Luxury hotel, Real estate major aims to cover up its debt. Furthermore it has plans to develop some projects in Delhi real estate. Within a period of next three to four months’ time Delhi real estate will be able to witness some new DLF projects. Continue reading
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: 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
Haryana Chief Minister Bhupinder Singh Hooda’s close relatives have acquired a large number of real estate properties in the state. Many of these real estate dealings point to politicians deep relations with the real estate giants.
Bhupinder Singh Hooda’s son-in-law prepares to play a game of brain in the real estate sector.
Haryana, being a fertile land for real estate, is always sought after by the real estate builders. Many relatives of Haryana Chief Minister Bhupinder Singh Hooda run companies in the state.
Havelock Developers Pvt Ltd is one among the many. It came in to life in 2007 as a fully owned sub-firm of Unitech builders. Havelock obtained land parcels in many parts of Gurgaon. The firm own land parcels in Gurgaon’s Fazilpur and Badshahpur areas.
Havelock obtained unsecured loans of Rs.6.7 Cr from Unitech, one of the largest real estate builders of the company. Well before the loan tenure came to end in March 31, 2008, Havelock’s ownerships were transferred to Anjali and Kunal Bhadoo, Haryana Chief Minister Bhupinder Singh Hooda’s daughter and son-in-law. The transfer took place in September. Continue reading
Sahara India hunts for global iconic properties. And the firm lays its eyes on Air India’s landmark headquarters at Nariman Point in Mumbai.
Air India shakes its head in negation to Sahara’s bid.
Debt- driven Air India has recently disclosed its plan to lease/ monetize its real estate assets to cut off its debts. The national carriers was planning to lease out 20 floors of its headquarters at Nariman Point while keeping the top three floors for its own office purposes.
Air India expects to generate around Rs.50 Cr yearly by leasing out 16 lakh sq. ft. in the tower. Lucknow – based Sahara group approached Air India with its plan to lease out the entire area for 30 years. The sources close to Air India however said that the bid was not accepted as it did not wish to lease out the HQ in Mumbai for a longer period. Air India plans to lease the HQ building for shorter period. Continue reading
High net- worth individuals (HNIs) have excess money. Yet they find no proper place to invest it as the real estate market fails to give them higher returns. For them real estate investment has become unsafe.
Real estate investment? HNIs turns highly cautious about their investment on real estate properties .
High net- worth individuals (HNIs) always look for income generating assets. They are least bothered about the fluctuations in the economy. High net- worth individuals’ (HNIs) real estate investment was always well- known. As any others they also preferred real estate investment to all other forms of investment. Continue reading
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 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
MNCs often resort to divest their real estate properties in the prime locations to overcome their financial crises.
Real estate divestment : best means for bigger corporates to cut off their debts.
Many Indian Corporates and MNCs fell in debt due to sluggish market and economic recession. This sluggish market situation forces many of the Indian corporate to divest their prime real estate assets.
Mounting debt has become a serious issue and problem for the Indian Corporates and MNCs. Many of them are left without any choice than to divest their real estate assets especially which are in the prime areas. Some of them resort to leasing and other monetization methods. Continue reading
Real estate market showed signs of a comeback with improved sales in the luxury housings. The sluggishness has hampered the real estate market across the country.
Sale of Luxury Housing regains pace in Pune.
Pune real estate market witnessed a steady improvement in the sales of luxury housing. Real estate experts reported that there has been a steady improvement in the luxury housing sales. This is comparatively higher in Pune.
Cushman & Wakefield India reported to Times of India (TOI) that nearly 50% of total luxury housing units are launched in Bangalore. Pune’s contribution is about 8%. Continue reading
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 (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
Union Cabinet recently passed the Land Acquisition Bill. The land acquisition bill ensures more right to the farmers. Real estate experts opine that the bill will cause residential prices to go up.
Residential Prices set to go up with Land Acquisition Bill.
Union Cabinet voted in favor of land acquisition bill. The bill will force the housing prices to go up, report real estate analysts. As per the land acquisition bill the land owners’ consent has become mandatory for all private projects.
The year 2012 witnessed a decreasing price appreciation for the residential sector. This year with the approval of land acquisition bill the situation is going to be worsened. Experts are of the opinion that the bill will necessitate price – hike. In fact the value appreciation will be improved. Continue reading
Real estate market of India has become investor unfriendly, reported UK – centered RICS.
High land prices and property -costs make real estate market of India unfavorable for investment.
Real estate market of India is not preferred by global real estate investors. Recently RICS (Royal Institution of Chartered Surveyors) said the existing real estate market situation of India is not suitable for investment.
Recent researches showed up that the number of foreign investors is decreasing. Foreign real estate investors seem highly cautious about having investment in Indian real estate market.
CEO of RICS, Sean Tompkins, said that the Indian real estate market fails to meet global standards. He added that foreign realty investors are cautious of having investment in the Indian market now. Continue reading
Real estate builders have taken out the final resort to sell out their unsold properties. Most of them rely onto freebies to induce the clients mainly UAE NRIs.
Real estate builders try to induce home buyers with many exciting freebies.
Real estate builders have offered vast number very exciting prizes to the home buyers. The prizes include luxury cars, expensive bikes and discounts up to Rs1 million. All these are offered to the non- resident Indians (NRIs) residing in the UAE.
Dubai property show has been turning out as a platform for the real estate developers to induce the UAE NRIs. The property show has been noted as this year there are a record number of participants. Over 90 real estate developers are expected to participate in this. Continue reading
Chinese largest real estate firm Dalian Wanda Group has entered into ties with Anil Ambani’s Reliance Group. Both groups will jointly develop some real estate projects in Mumbai and Hyderabad.
Anil Ambani sets for another race along with the Chinese real estate Giant.
Any Chinese real estate firm, for the first time, has real estate investment in India. Anil Ambani’s Reliance Group will offer the land. The Chinese real estate firm will construct and develop the land.
The first joint real estate project will be launched in Navi Mumbai. Anil Ambani’s Reliance Group has land parcels in Navi Mumbai and Hyderabad. The group officials disclosed their plans to build integrated township projects in India. These two projects will combine an area of about 20 million sq. ft. Continue reading
Real estate investors are already refunded, claimed Sahara firms. Subrata Roy, the chairman of Sahara groups, claimed that Sahara real estate firms have already refunded the amount.
Sahara Claims that they have refunded their OFCD real estate investors.
A December 9 advertisement showed that both Sahara firms – Sahara India Real Estate and Sahara Housing Investment – have paid SEBI Rs.2,620 Cr. The real estate firms have paid an additional Rs.2500 Cr as well in defense in form of buffer amount.
Last week Supreme Court has granted more time to both Sahara group firms to refund. The SC has given 3 months’ time to refund. As per the SC order the Sahara real estate firms are to pay the entire amount back in two installments. They are given the time up to February first week. Continue reading
In a severe move against the land intruders, The Noida Authority freed nearly 90 acres of government land. The estimated real estate market value of this land falls around Rs.10,000 Cr.
Noida Authority seized back 90 acres of intruded prime real estate land.
Noida Authority on Thursday trampled nearly 90 acres of land from three major sectors in Noida. This act of the Noida Authority was seen as their move to toughen its attitude against land intruders.
The Authority further stated that it will pull down all illegal constructions in Noida. It warned the real estate builders who have illegal constructions. Continue reading
Real estate market usually thrives during the festive season. The previous years had allowed the real estate market to do so. Odds stood against real estate market this year.
Festival season fails to Improve the real estate market. This year sale of residential properties dropped.
Real estate market received in fact no boost from the festive season. Or the festive season failed to boost the struggling and sluggish real estate market. Festival season is normally considered as some of the best times to own a home. Yet this year there was no real boost from the festival season.
The sales of residential units remain static and unimpressive despite the festival season. In fact it seems failed to reanimate the sluggish Real estate market with increased number of property sales. Continue reading
Real estate India expects to get rid of the sluggishness. The year 2012 was really a sluggish year for the real estate builders.
Real estate India regained pace of construction. It is said to boost real estate India.
Real estate India is expected of gaining a boost from the retail FDI policy. The increased demand for retail spaces prompts the real estate players to construct more commercial projects. This in fact leads to real estate boom in the country.
Commercial real estate prices have risen sharply in India, especially in its big cities. Yet quality retail spaces available for rent are minimal. Thus the real estate experts predict a boom in construction. This will be all the more boosted by the entry of foreign multi-brand retailers. Continue reading
Real estate firms are facing the CCI- probe. The Competition Commission of India (CCI) has started their probe against five real estate firms which are alleged of anti-competitive practices.
Anti- competitive practices burn the real estate builders as they get fined.
Five real estate firms are alleged of conducting anti-competitive practices. The real estate players like DLF, JP Associates, Omaxe, Tulip Infratech and Larsen & Toubro are alleged of anti-competitive practices.
Corporate Affairs Minister Sachin Pilot informed the RS- Rajya Sabha that the CCI has started its probe against the alleged real estate builders. He disclosed the names of the real estate players who are alleged. Continue reading
CREDAI, the apex confederation of real estate builders said that the real estate reforms must be consumer friendly.
Consumer Friendly Real Estate Reforms turn the need of the hour to provide “Home for All.”
CREDAI has appealed to all the parliament members (MPs) to bring in reforms which are consumer friendly. The apex body of the real estate developers further asked them to consider the large number of stalled projects. Continue reading
Indian Property Show Dubai- 2012 is expected to be the biggest ever. It is said to have a record number of participants this year. Indian Property Show will be held on 13, 14 and 15 of December at Dubai World Trade Centre.
Indian Property Show Dubai -2012 is poised to be the biggest ever. There is a record number of participants this year. Indian Property Show will begin on 13th of December and end on 15th. The gates will be open to the visitors from morning 11:00 am to 8:00 pm evening on all three days of the Indian Property Show Dubai. Continue reading
Real estate sector is about to gain a small boost from the Finance Ministry. Finance Ministry plans to support the real estate sector by helping the real estate builders to secure bank loans.
Residential Sector Thrives Again
Real estate sector will be boosted as the Finance Ministry plans to offer bank loans to the builders who have stalled projects at hand. The decision is expected to be made within a couple of weeks.
Latest RBI data show that the bank credit to the residential sector has grown by mere 12.1 % on year on year basis. This, in fact, is lower than the 15.9 % aggregate growth rate of bank credit. Continue reading
Supreme Court granted some more time to Sahara to pay off the fine. SC asked SEBI, the market regulator of Securities and Exchange, to accept the extension application of Sahara Real Estate Firms.
Dance time comes back to Sahara
Sahara Real Estate Firms finally had some breath of relaxation. Accepting Sahara’s plea, SC asked SEBI to accept their application for more time to pay off the amount.
Sahara Real Estate Firms were ordered to refund the money collected through debentures. Nearly 3-Crore investors are said to have investment in these firms. Continue reading
Real estate sector signaled the bouncing back. Real estate sector has been undergoing a sluggish momentum which the sector has overcome now.
Real estate majors like Supertech and Ansal API have announced their new real estate launches worth Rs.8,000 Cr. The realty majors plan to invest the amount for a period of 4 years.
Meanwhile some real estate builders are looking for options to cut the debts off by divesting their properties. Yet this is not the case for the coming years. Real estate experts opine that the coming years will be booming years for real estate sector. Continue reading
Adani Realty has announced its tie up with M2K. Delhi-based M2K Group and Adani Realty will jointly develop a premium housing project- Oyster Grande Gurgaon.
Adani Realty, Adani Group’s real estate wing has revealed its plan to launch its latest residential project in Gurgaon. Adani Realty will be launching this housing project in collaboration with M2K.
Adani Realty and M2K will have equal shares on this residential project. According to the available information, the estimated investment for this residential project is about Rs.1000-Crore. The 40 acre sprawling Oyster Grande is to be set on Dwarka Expressway. Continue reading