Coimbatore’s golf-themed realty developer lures NRIs
Developer of a golf-themed integrated township is luring Muscat-based Non-Resident Indians (NRIs) for selling its villas and ultra-luxury plug-and-play plots in Coimbatore.
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Movenpick Hotels & Resorts to open 1st property in India
Movenpick Hotels & Resorts is set to launch its first property in India, the Movenpick Hotel & Spa Bangalore, which will have soft opening on June 1, 2011.
Commercial Real Estate moving into strongest market since 2007
Jones Lang LaSalle’s second quarter 2011 Global Market Perspective, predicts this year will be the strongest performance and real estate trade volume since the market height of 2007.
CB Richard Ellis reports $1.2 billion revenue in quarterly results
CB Richard Ellis Group Inc., the commercial real estate services company has reported first quarter 2011 revenues of $1.2 billion compared with $1.0 billion in the year-earlier quarter, reflecting an increase of 16%.
Hot spots emerging in world office markets
Corporate confidence is boosting activity in top tier office markets around the world, leading to accelerating early cycle rental growth and robust capital value growth in prime assets, especially where new quality supply is limited, according to Jones Lang LaSalle’s inaugural, quarterly Global Office Outlook report.
Indians to be most active buyers of British real estate
Indians are emerging as among the most active buyers of property in Britain, according to a report in local British media.
China apprehensive of realty influence in system
China’s central government wants to weaken the industry’s vice-like grip on the political system as a means to avoid a Jasmine-type revolt.
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.
Emerging market growth to boost realty: Roubini
Surging growth in emerging markets such as China and India will boost demand for real estate, although uncertainties such as an oil shock could pose major risks, economist Nouriel Roubini said on Thursday.
CBRE in talks to buy ING’s real estate unit for 1-bn euro
CB Richard Ellis, the US-listed property services firm, has emerged as favourite to acquire the majority of ING’s real estate group in deal worth one billion euro (USD 1.35 billion) to create the world’s largest property funds business, says a media report.