Ascendas set to raise $350 mn
Ascendas India Development Trust (AIDT), the India-focused real estate fund floated by Singapore-based office space developer, is looking to raise close to $350 million.
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W Hotels to open first India property in 2015
Starwood Hotels & Resorts has announced plans to open W Mumbai in 2015, marking the debut of W Hotels Worldwide in India.
US-based 3 Palm Hotels and Resorts to open hotels in India
US-based 3 Palms Hotels and Resorts is set to enter India, with its first two hotels slated to open in August.
CBDs losing sheen to PBDs
Central Business Districts (CBDs) are supposed to be the lifeline of the city and a mirror of the economic activity and real estate market trend.
Developing new residential destinations in Mumbai
According to the 2010 census, Mumbai now houses around 14 million people, which makes it India’s most populous city and the world’s second-most populous city.
Group buying site Groffr acquires Mobstreet.in
Mumbai-based RCSPL, which owns group buying portal for real estate GrOffr.com, has acquired Mobstreet.in, a company which was officially shut down in December 2010 due to lack of funds.
Dubai realty to bottom out in one year
Dubai’s real estate market is likely to bottom out in the next one year, while peer Abu Dhabi will at least a much longer time, according to Jones Lang LaSalle (JLL) experts.
Retrofitting India’s central business districts
As Central Business Districts (CBD) begin to gradually lose their sheen against alternative locations because of their inability to offer Grade A buildings at competitive rates, retrofitting emerges as a preferred option (as compared with redevelopment) for quality improvement to increase the attractiveness and economic life of existing old buildings.
MIDC can capitalize on its land along Thane-Belapur highway
Even as we continue to discuss the acute shortage of industrial land in Mumbai, the fact remains that there are rather significant land parcels held by the MIDC along Mumbai’s Thane-Belapur Highway.
Attempts to milch Vallabhai Patel Stadium by hook or crook
The building which has come up in place of the open air stadium has 8 giant halls in petal shape on the ground level and an equal number on the first floor ringed by a corridor that can house small shops. What’s left of central playing area is a circle with a diameter of 60 meters, built like an amphitheatre. The floor has been cemented so the entire structure on the erstwhile stadium doesn’t have an inch of grass left.