Thai developer to foray into Indian realty
Indian arm of a leading Bangkok based developer is looking to invest some $300 million in the country’s real estate market, particularly in the major cities of Delhi, Mumbai and Bangalore.
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JLL update on Delhi real estate
The period ending 1Q11 witnessed moderate activity in the office market in the city. With CBD vacancy rates continuing to hover at around 1%, office transactions were limited to either small office queries or larger office spaces that were inevitably a churn in the existing stock.
BSE excludes Indiabulls Real Estate from BSE 100
The Bombay Stock Exchange on Monday said that it has excluded Indiabulls Real Estate Ltd from both the BSE 100 and BSE 200 indices and replaced it with Coal India.
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.
BBMP panel seeks action against errant lessees
A Bruhat Bangalore Mahanagara Palike (BBMP) committee has recommended strict action against the lessees holding Palike property who have violated the contract norms.
Siemens in talks with Nitesh, Hiranandani for land sell
Siemens is now in talks with developers Hiranandani Upscale and Nitesh Estates after its proposed sale of an eight-acre factory land in Bangalore to RMZ Corp missed deadline, said sources close to the development.
IT raids Century Group
Income-Tax officials raided the offices and residences of real estate czar, Century Group owned by P Dayanand Pai and Satish Pai, and Manipal University managed by the Pais.
Malls turning out to be reason of worry for realtors
Unsold, vacant, no takers…these words aptly sum up the story for real estate developers into malls in India. Even though retailers are spreading their wings once again after the slowdown, the absorption of malls remains sluggish, leading to high vacancies.
Is Vastu a science?
Vastu Shastra is a science of directions and is a study that acquires an entire command over the cognition of directions. In fact, there are actually eight directions namely, northeast, north, southeast, east, southwest, south, northwest, and west.
Chennai needs 60,000 more houses
India’s housing shortfall is estimated to be around 27 million and Chennai city alone faces a deficit of 60,000 housing units.