Recent Articles

1. Unitech Shifts Focus on Mumbai

   Explore Article India Properties (Mar 17 2010)

   Unitech Ltd, the second-largest real estate developer in the country, along with its joint venture partners in Mumbai, is looking to develop 4-5 million square feet (msf) of properties in the city from the next fiscal, according to a source familiar with the development. The developer, once heavily relying on luxury projects in the National [...] (Read Full Article)
   

   Comment on Article Mentions:   Unitech   Worli   Gurgaon

2. Assocham Asks Govt to Withdraw Service Tax on Real Estate Sector

   Explore Article India Properties (Mar 17 2010)

   Industry body Assocham has asked the government to roll back the service tax proposed on real estate developers at the time of construction, as it would increase the tax burden on home buyers and impact the recovery of the sector. The government, in the Budget, said that real estate complexes will attract service tax, unless [...] (Read Full Article)
   

   Comment on Article Mentions:   Finance Ministry   Assocham

3. Mahindra Lifespace to Set up Business Parks in Chennai and Pune

   Explore Article India Properties (Mar 17 2010)

   Mahindra Lifespaces Developers Ltd is in the process of acquiring around 4,000 acres in Chennai and Pune, where it intends to set up two more business parks, a top official said late on Monday. The company is acquiring around 1,000 acres of land in Chennai and around 3,000 acres in Pune, its Managing Director and [...] (Read Full Article)
   

   Comment on Article Mentions:   Jaipur   Mahindra Group   India

4. Gurgaon Mumbai Emerge as Top Residential Destinations

   Explore Article India Properties (Mar 17 2010)

   Gurgaon and Mumbai have emerged as the top destinations for residential investment in the country. Both have seen a massive infusion of commercial and retail space owing to residential demand, which in turn was spurred by a growth in employment opportunities, according to the fourth quarter Asia Pacific Property Digest by global real estate consultant [...] (Read Full Article)
   

   Comment on Article Mentions:   Gurgaon   Hyderabad   Metro

5. Organised Retail Bound to Grow

   Explore Article India Properties (Mar 17 2010)

   Organised retail today accounts for less than 5% of India’s retail business, but is bound to grow, forcing choices on the government, and upon itself. China’s experience and those of other Asian countries that recently modernised their retail sector can provide valuable insight on what choices make sense. Serving local consumer tastes in China with [...] (Read Full Article)
   

   Comment on Article Mentions:   Tesco   Japan   South Korea

6. Big developers Partner with Local Developers to Complete Projects Quickly

   View all 2 articles » Explore Article India Properties (Mar 17 2010)

   Hyderabad-based PBEL Property Development (India) Ltd has a new strategy to break into unfamiliar markets: partner with local developers to complete projects quickly. The realty firm wants to divide its 42 acres on Old Mahabalipuram Road off Chennai into four or five portions, each of which will be handed over to local developers for building [...] (Read Full Article)
   

   Realty Companies Joining Hands with Land Owners to cut Expenses - India Properties  
   

   Comment on Article Mentions:   Essar Realty   Mantri   PBEL Property Development

7. Hindustan Construction to Acquire 66% Stake in Swiss real estate developer Karl Steiner AG

   Explore Article India Properties (Mar 16 2010)

   Hindustan Construction Co. said Monday it agreed to acquire a 66% stake in Swiss real estate developer Karl Steiner AG for about $33 million in cash to gain a foothold in Europe and the Middle-East. The deal will also help the company expand into the fast-growing buildings construction segment in India, HCC Chairman and Managing [...] (Read Full Article)
   

   Comment on Article Mentions:   Real Estate Developers   Asia   India

8. Office India calls of Deal with Bangalore-based Brigade Group

   Explore Article India Properties (Mar 16 2010)

   Oracle India, which was in talks with Bangalore-based Brigade Group for 1.2-million sqft commercial space in its Brigade Gateway project, has called off the deal. The IT major was planning to take office space in Brigade Northstar, a 30-floor tower complex within Brigade Gateway, to consolidate its multiple leased spaces in Bangalore. Oracle told its [...] (Read Full Article)
   

   Comment on Article Mentions:   Bangalore   Brigade

9. One of India Largest Mall Mantri Square to have Metro Connectivity

   Explore Article India Properties (Mar 15 2010)

   Leading real estate player Mantri Developers today announced the opening of one of India’s largest malls Mantri Square spread over 1.7 million square feet and which would soon have a metro connectivity as well. With an investment of over Rs 500 crore, the mall boasts of 252 retail outlets offering 10,000 brands, Sushil Mantri, Chairman [...] (Read Full Article)
   

   Comment on Article Mentions:   Sushil Mantri   India   Mantri Developers

10. Apollo in Advance Talks to Acquire Citigroup’s Real Estate Unit

    View all 2 articles » Explore Article India Properties (Mar 16 2010)

    Apollo is in advanced talks to take over Citigroup’s real estate unit with global assets worth $12.5 billion. Global private equity house Apollo Management LP may assume control of about seven to eight investments of Citi Property Investors (CPI) in India, on which it is currently holding due diligence. Apollo is in advanced negotiations to [...] (Read Full Article)
    

    Foreign funds sneak into property business - India Properties  
    

    Comment on Article Mentions:   Nitesh Estates   Ravi Hansoty   Bptp

11. Premier Inn buys out JV stake of Emaar MGF

    View all 2 articles » Explore Article India Properties (Mar 16 2010)

    Whitbread Plc, UK’s budget lodging chain, has bought out its Indian joint venture partner Emaar MGF, after nearly three years went by without any progress in building its popular Premier Inn hotels. The company has trimmed down its investment plans for India as it now hopes to build fewer hotels in far lesser towns than [...] (Read Full Article)
    

    Emaar to Set up Private University in India - India Properties  
    

    Comment on Article Mentions:   Aly Shariff   Bangalore   India

12. Several Foreigners Investing Money from Criminal Activities in Goa Real Estate

    Explore Article India Properties (Mar 15 2010)

    Several controversial real estate deals by foreigners in Goa could well have been funded by proceeds from crime and narcotics trade, an Enforcement Directorate official Friday said. ‘We are probing the possibility of money sourced from proceeds of crime and through sale of narcotics being used to purchase of properties,’ the department’s Assistant Director Jyoti [...] (Read Full Article)
    

    Comment on Article Mentions:   Enforcement Directorate   Real Estate Developers   Goa

13. 30% Rise in NPAs- Banks to be Cautious in Extending Loans to Real Estate, Retail

    Explore Article India Properties (Mar 15 2010)

    Banks’ non-performing assets have shot up nearly 30% at the end of calendar 2009 from a year ago due to stress in many sectors and farm loan waiver, indicating sharply lower profits for banks and possibility of curbs on exposure to sectors that have contributed to the bad assets. In a reply to the Rajya [...] (Read Full Article)
    

    Comment on Article Mentions:   Retail Market   Banking and Finance   State Bank of India

14. JP Morgan Fund Invests in China, India

    Explore Article India Properties (Mar 15 2010)

    JP Morgan Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets, as part of efforts to complete investments in the next two years. The Asian Infrastructure & Related Resources Opportunity Fund invested in cement and water treatment companies in China and a hospital in India [...] (Read Full Article)
    

    Comment on Article Mentions:   Mumbai   California   Asia

15. Emaar MGF to Invest Rs 500 cr on Gurgoan Housing Project

    View all 2 articles » Explore Article India Properties (Mar 15 2010)

    Real Estate Major Emaar MGF will invest Rs 500 crore to build a mid-income housing project at Gurgaon in Haryana. The company, which plans to launch its initial public offer to raise up to Rs 3,850 crore, would develop 1,250 units in the 29 acre-project located at Sector-77 in Gurgaon. Sources said that investment in [...] (Read Full Article)
    

    Ansal Revives Plan- Launching SEZ in Haryana - India Properties  
    

    Comment on Article Mentions:   Gurgaon   Shravan Gupta   Haryana

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