Movenpick announces second property in India
Movenpick Hotels & Resorts has announced an upcoming property in Northern India; the Movenpick Dharamshala Resort & Spa, which is due to open in 2013.
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Ansal API to raise 500 cr from private equity
Realty firm Ansal API is looking at a fund infusion of about Rs 500 crore from a host of private equity investors, including IL&FS Investment Managers and Red Fort Capital, for its ongoing construction work in north India.
Dun and Bradstreet launches ‘Millionaire Homes 2011′
Dun and Bradstreet (D&B) India has announced the launch of ‘Millionaire Homes 2011’, after the successful series of Millionaire Homes 2009 and 2010 held in Mumbai, Delhi, Bangalore, Chennai and Hyderabad. The event is designed as a platform for connoisseurs of lifestyle and fine living, to experience some of the finest concepts in luxury homes in India.
JLL Asia Pacific property digest – Banglaore
Bangalore continued to witness increased market activity in 4Q10. Transaction volumes have improved significantly compared to that in the previous quarter. The improvement in transaction activity can be attributed to the stabilising macroeconomic situation, positive business environment outlook and the strengthening domestic market conditions.
Union Budget 2011-12 – “Give Indian real estate the break it deserves”
Through a hailstorm of bouquets, brickbats, controversies and triumphs, the Indian real estate sector has always been one of the mainstays of the country’s economy. At some level, every Indian is connected with it; in some way or the other, it affects every citizen of this country.
Netz Realty to launch Green Townships in India
Real Estate Development, Investment and Advisory firm Netz Realty is launching townships near Mumbai and Bangalore. The Singapore based Netz Capital backed firm Netz Realty is launching Green Township projects on the model of self sustainable living for the 100 acres plus projects being planned near Mumbai and Bangalore.
Jones Lang Lasalle hotels: Gurgaon hotel market update – January 2011
Gurgaon initially gained prominence as an outsourcing centre for major international companies that found it cheaper to locate their back-end operations in India due to the availability of high-quality but cost-effective employee resources. GE Capital initiated this trend and was the first multinational company to enter Gurgaon in 1997.
Sun Apollo invests Rs 100 crore in Parsvnath project
Private equity investments continue to trickle into project or SPV level in the realty space. Sun Apollo India Real Estate Fund LLC, a $630-million India-dedicated real estate private equity fund, has invested Rs 100 crore in a residential project SPV led by Parsvnath Developers Limited (PDL). SUN-Apollo will invest Rs 100 crore for a 49.9% stake in the project SPV, Parsvnath Buildwell Private Limited, which will develop a premium residential project at Ghaziabad, Uttar Pradesh, spread over an area of 31 acres. The project is called Parsvnath Exotica- Ghaziabad.
GURGAON – deep and diverse local economic and hospitality demand drivers
Gurgaon initially gained prominence as an outsourcing centre for major international companies that found it cheaper to locate their back-end operations in India due to the availability of high-quality but cost-effective employee resources. GE Capital initiated this trend and was the first multinational company to enter Gurgaon in 1997.
Commercial complex at New Gurgaon
The Gurgaon-based real estate developer, Orris Infrastructure, has launched a new age commercial complex ‘Business Square’ in Sector 82A, New Gurgaon. The project, which is spread over an area of 9.5 acres, has three towers that will offer office space and also includes a convention centre, 5-star and business hotel, according to the company.