Sodexo establishes its technical expertise and footprint in the Indian facilities management market with operating projects that total a 90 million square feet of property space across the country. Sodexo teams help businesses maintain every aspect of their facility, with services spanning housekeeping, project management, waste management and preventative/corrective maintenance.
Further insight on the current state of the Indian economy will be provided with the release of July industrial production data on Wednesday 12th and August WPI (inflation) on Friday 14th. Recent news flow has generally been a little downbeat but the picture is not a uniform one.
Interest from international real estate investors in Indian real estate has been limited in 2012. India has witnessed 6% q-o-q growth in direct commercial real estate in Q1 2012, as compared to China which has seen negative growth of -45%, however China performed better in Q2 2012 on the back of one mega deal. In Brazil, investment volumes seem to be reaching a more ‘normalised’, sustainable pace following the supercharged 2010-2011 period.
UGL Limited has announced that its property services business, comprised of UGL Services (including the Unicco, Equis and Premas operations) and DTZ, will be united under a single global brand. Since 5 December 2011, when UGL acquired the trading operations of global real estate services company DTZ Holdings plc, the two companies have cobranded as UGL Services and DTZ.
The fifth edition of Global Initiative Restructuring Environment & Management (GIREM) Leadership Summit, the international forum for urban planning and corporate real estate, would be held at New Delhi on October 18 and 19.
Greater public and private participation is required in sectors such as railways, ports and power as India looks at investing USD 1 trillion in infrastructure over the next five years, Minister of State for Urban Development Saugata Ray has said.
In the biggest realty deal in the country this year, DLF Monday announced sale of 17 acres of prime land in Mumbai to Lodha Developers for Rs 2,700 crore, almost four times higher than the price it had paid in 2005.
City Corporation Ltd, the developers of Amanora Park Town, Pune have collaborated with Swarovski, leading global fashion and lifestyle brand on the iconic Gateway Towers 1. Swarovski, a name synonymous with crystal, beauty and lifestyle for decades will marvel space at Gateway Towers 1, making this the world’s first luxury residential project marvelled by Swarovski.
DLF’s Chairman K P Singh has said that RBI’s monetary policy should not stunt the growth of real estate sector and uninterrupted access to affordable finance is vital for this business.
DLF on Tuesday, Aug 7, said it expects to close sale of three non-core assets, which will help pare its debt by about 5,000 crore, by the end of the current fiscal.