$5 bn PE exits expected from Indian realty
Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said.
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Realtors and first time buyers upbeat on Akshay Tritiya
When Rishi Patil bought his first property in Mumbai a decade back, he followed the advice of family astrologer and deliberately waited for 7 months to book the flat on the day of Akshay Tritiya.
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.
L&T to build the 7-star Luxury Residences – M3M Golf Estate
Luxury real estate developer M3M India has appointed L&T to build the 7-star Luxury Residences – M3M Golf Estate.
Airnetz to provide heliport services for real estate and infra projects
Private Jet and helicopter services and infrastructure services provider Airnetz Aviation, has started heliport construction, development and advisory services to Indian as well as international real estate and infrastructure projects.
Realtors trip to knowledge share at Singapore
Around 1,000 developers will be flying to Singapore to attend a two-day knowledge-sharing event on March 28 and 29.
Shahid Balwa quits DB Realty following probe & interrogation
Shahid Balwa, a key figure in the telecom scandal that has shaken the government, has resigned as the head of his flagship real estate company, DB Realty. Balwa is vice-chairman of Gulf group Etisalat’s joint venture in the country and at 36 was the youngest billionaire on last year’s Forbes India rich list.
DB Realty boss resigns
DB Realty Ltd has informed BSE that the Board of Directors of the Company on March 05, 2011 has noted and accepted the resignations of Mr. Shahid Balwa, as Managing Director and also as Director of the Company with effect from February 09, 2011 in view of his preoccupation relating to certain investigations.
Hyderabad real estate – residential property market update
Residential sales in Hyderabad remained modest in 4Q10. Although the city witnessed many launches, sales did not pick up. Market sentiment, especially among investors, stayed low as political uncertainty persisted.
Guarantee corpus for realty lending in budget
The cash strapped realty companies can have a breather in budget for 2011-12 as the Finance Minister is expected to make announcement of a guarantee corpus for banks on realty lending. Track2Realty has learnt that the banks will get this guarantee corpus of Rs. 1000 crore to lend for housing projects.