Tag Archives: Real Estate

Delhi Real Estate Refocused: DLF Sells Aman Hotel Shares

Posted on by
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.
Delhi Real Estate for what DLF Sellsits shares 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 →

Blackstone Sets Its Luring Eye On Vrindavan Tech Village

Posted on by
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 →

Real Estate Deal With Unitech? Hooda’s Son-In-Law Alleged

Posted on by
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.
real estate scam shakes Hooda’s son-in-law

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 →

Air India Cast Away Sahara’s Bid For ‘Lease –Tagged’ HQ

Posted on by
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.

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 →

Real Estate Investment? HNIs Become Cautious Ever

Posted on by
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

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 →

Divesting Real Estate Asset: MNCs’ Means To Quicker Cash

Posted on by
MNCs often resort to divest their real estate properties in the prime locations to overcome their financial crises.
real estate divestment

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 →

Land Acquisition Bill Invites Hike in Residential Prices

Posted on by
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.
Land Acquisition Bill Invites Hike in Residential Prices

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 Builders Aim To Induce NRIs With Freebies

Posted on by
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 homebuyers with freebies

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 Real Estate Firm Ties Up With Reliance India

Posted on by
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 anbani sets for another race in the real estate sector.

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: Claim Sahara

Posted on by
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 to have refunded the real estate investors.

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 →

Noida Authority Seized 90 Acres of Intruded Govt. Land

Posted on by
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 the intruded land.

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 India to Boom As Construction Regains Pace

Posted on by
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 construction regains pace in India

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 →

CREDAI Demands Consumer Friendly Real Estate Reforms

Posted on by
CREDAI, the apex confederation of real estate builders said that the real estate reforms must be consumer friendly.
Consumer Friendly Real Estate Reforms

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: Sets To Be the Biggest

Posted on by
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 to Get a Boost from Finance Ministry

Posted on by
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 to thrive again

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 →

Sahara Real Estate Firms Granted More Time to Refund

Posted on by
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

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 India to Have Rs.8000 Cr Worth New Projects

Posted on by
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-M2K Tie Up To Launch Oyster Grande Gurgaon

Posted on by
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 →

Blackstone To Launch New Real Estate Fund in Asia

Posted on by
Blackstone Group LP is on the verge to launch its new real estate fund in Asia. Blackstone Group considers this as their plan to seize the Asian real estate market.

Blackstone plans to raise another real estate fund to be launched in Asia. World’s largest private real estate firm’s CEO Schwarzman disclosed their plans to become the largest buyers of commercial real estate in India. He also had laid his eyes on Australian real estate market as well. Continue reading →

Retail FDI Will Cover Up Vacant Space; Hope Mall Owners

Posted on by
Indian government’s decision to allow more retail FDI (Foreign Direct Investment) was passed in the Lok Sabha. New retail FDI bill gives some rays of hope to troubling mall owners.

The approval of more Foreign Direct Investment (FDI) in retail policy by the Lok Sabha (LS) fills some hopes to the mall owners. They expect to reduce the vacant space as the foreigners will have permission to run shops in India.

With the shopping-mall development boom there has been excess of retail space in all major cities of India. This was comparatively higher in New Delhi and Mumbai. The situation left the mall owners to struggle with the excess of retail space which remain vacant. Continue reading →

Residential Real Estate Loses Value Appreciation: JLL

Posted on by
There has been a fall in the real estate housing sector in 2012. Housing segment significantly slowed down in the top seven cities of India, reports JLL.

With the minimal rise of capital value by 1-3 % the housing segment loses value appreciation in all the major cities of India, reported real estate consultant Jones Lang LaSalle India (JLL). Continue reading →

Real Estate Investment Firm To Take Over Nokia Building

Posted on by
Real estate investment firm is in talks with struggling Nokia which plans of selling its head office building. The real estate investment firm is about buy the Nokia building for a sum of Rs.1218-Crore.

Real estate investment firm Exilion has hit the top headings as it is about to purchase Nokia head building at Espoo, in Finland. Nokia, one of the leading handset makers, said that the group is in talks with real estate investment firm Exilion over their selling of its head office building in Espoo. Continue reading →

Sahara Groups Rebuked By SC for Failing to Refund

Posted on by
The Supreme Court of India severely criticized Sahara Groups for not refunding Rs. 27,000-Crore to its investors. SC further ordered the Sahara Groups to refund the amount to the investors within a week.

Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) were given a fine of Rs. 27,000-Crore. The group was ordered to refund the amount collected from nearly 3-Crore investors. The Supreme Court  found out that the order is not yet accomplished by Sahara Groups. Continue reading →

CREDAI Asks Real Estate Builders to Ease Property Prices

Posted on by
CREDAI- Real estate developers’ apex confederation asked its members to ease property prices. The real estate developers’ apex body advised its members to lower property prices for selling them off.

CREDAI national head Mr. Lalit Kumar Jain said that the real estate developers consider selling of their unsold properties at a lower rate. P Chidambaram, the Finance Minister of India, placed the suggestion in front of real estate developers.

P Chidambaram suggested the Real estate developers to consider the amount of unsold properties. He pointed out that there exist a vast number of real estate properties which remain unsold. Continue reading →

Island City Center Await display at Dubai Property Show

Posted on by
Real Estate Firm Bombay Realty, a wing of Wadia Group, plans to present its The Island City Center project in Dubai Indian Property Show.

Wadia Group plans to present its Island City Center project in the Indian Property Show.  The Property show will be held  in Dubai from December 13 to 15. Wadia Group expects to gain some business dealings with NRIs – (non- resident Indians) who reside in Dubai.

Wadia Group’s real estate wing Bombay Realty will launch its latest residential project titled Island City Center (ICC)  in Mumbai. The real estate township project will be located in Dadar. Continue reading →