Gemideals.com, the real estate group deals in Mumbai has announced its strategic partnership with REMMA Service, part of REMMA Group, consisting of an online information services company, and provider of full service infrastructure and advisory services.
Emaar Properties has used Dubai Mall, one of the world’s largest shopping centres, as collateral to secure Dh3.6 billion (US$980 million) of financing from a trio of UAE banks.
Though a depreciating rupee has its fall out on all other economic activity, it is rather helping the Indian property market.
At a time when interest rates on home loans are hovering around 11-14 per cent, realty firm BPTP has joined hands with private sector lender HDFC to finance new purchases of houses at just 5.99 per cent for a limited period till December 31.
Investment in real estate sector in Punjab may slow down due to Assembly elections in the early part of next year, a senior official of DLF India said in Chandigarh.
Danube Building Materials has opened its new Buildmart showroom in Ahmedabad, India, with aims for stronger presence in Asia’s third largest economy, the Dubai-based company said on Tuesday, Dec 13.
Unitech Ltd said on Monday, Dec 12, it has put on hold a plan to expand its infrastructure business and withdrawn another to merge two of its subsidiaries due to poor macroeconomic scenario.
Many of the best luxury and ultra-luxury hotels from all over the world are readying plans to enter the India market, and are expected to set up chains over the next couple of years.
Saffron Group, the Delhi-NCR based real estate group, which has recently forayed into hotel business by launching the maiden hotel property – Comfort Inn Saffron Kiran at Faridabad, NCR, plans to make more investments in the hospitality sector primarily in Northern India.
International agency Fitch Ratings has withdrawn ratings for various debt programmes for two listed real estate companies — Unitech and Parsvnath Developers Ltd — from its coverage.