Century Real Estate launches Century SyndHomes
Century Real Estate has launched a residential project Century SyndHomes, apartments exclusively for the employees of Syndicate Bank.
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Godrej Properties voted amongst Most Trusted Names in realty
Godrej Properties Ltd has been voted as amongst the ‘Most Trusted Names’ in the Real Estate Industry.
CRISIL predicts fall in Ahmedabad market
CRISIL Research says that there will be 5% correction in the realty prices in Ahmedabad this year.
Commercial space demand in India to touch 160 mn sq ft by ’14
Demand for commercial office space across the seven major cities in India is estimated at around 160 mn sq ft by 2014, a latest study by real-estate services firm Cushman and Wakefield Research (CWR) said.
India’s housing markets mixed, says Global Property Guide
Interest rate rises are beginning to bite in India, and housing markets in major cities weakened in 2010, says a report by the Global Property Guide.
Hilton Worldwide opens fourth India property in Chennai
Global hotel chain Hilton Worldwide has opened its fourth India property in Chennai. According to the company release, the five-star 204-room Hilton Chennai, positioned as a business hotel, is owned by Empee Group, which has diversified interests from alcoholic beverages to property development.
Oversupply of retail space set to keep rentals under pressure
A mammoth increase in planned supply of retail malls in India will increase retail companies’ bargaining power vis-à-vis real estate developers.
Nitesh Estates launches Rs 100 cr luxury residential project
Nitesh Estates has announced the launch of a Rs-100 crore luxury residential project in Bengaluru. The project, Nitesh Logos, would be located in the central business area MG Road and provide all modern amenities, company officials said. The project is expected to be completed in two years.
BPEP may invest 350cr in Bangalore realty company
Baring Private Equity Partners India (BPEP), along with some of its international investors, is likely to invest about $75 million, or approximately Rs 350 crore, in the Bangalore-based Century Real Estate. Baring’s individual commitment to the deal is around $53 million, while overseas investors who are backing the fund may bring in a little over $20 million in additional investment.
The senior housing sector in India – key trends
The status of seniors in Indian market is experiencing a sea-change, owing to their growing cohort size, augmented financial independence and change in mindset. They are no longer considered as a withdrawn, risk averse and financially dependent class of citizens.