Runwal Group to take over Birla property
Runwal Group, has reportedly purchased Neosym Industry Ltd, a metal manufacturing company located on LBS Marg in Bhandup owned by Kolkata industrialist C K Birla’s family.
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Future lies in housing for poor
Need for a revolution that will see the poor get access to housing is more eminent than ever before, and that, in such a revolution lies a great business potential for the realty sector. This was one of the strong messages that emerged from the South India Real Estate Conference, 2012, inaugurated in Bangalore on Friday, July 3.
KUL to invest over Rs 250 crores in shopping complexes
Kumar Urban Development Limited (KUL) has launched a series of shops at different locationsof Pune at an investment of about over Rs 250 crores.
DLF in talks with Lodha to sell Mumbai land for Rs 2,700 cr
DLF is in advanced stages of negotiation with Lodha Developers to sell its prime land in Mumbai for about Rs 2,700 crore and a deal is expected to be finalised shortly.
Emaar net operating profit up 45% at $332 mn in Jan-June
Emaar Properties has reported a 44.35% jump in net operating profit of $332 million for the first six months of this year. The company had posted an operating profit of $230 million in the January-June period of last fiscal. However, total income for the first six months of 2012 remained flat at $1.068 billion, Emaar Properties said in a statement.
After short lived rebound in commercial property, Indian market sees rental outlook slip again in Q2
According to the latest RICS India Commercial Property Survey, sentiment in the Indian real estate market has been adversely affected in the second quarter, as the economic picture in the country continues to remain bleak with the declining value of the rupee and growth forecasts being revised lower, along with a deteriorating global climate.
Red Fort Capital targets $500 million for India real estate fund
Red Fort Capital Advisors, a real estate private equity fund that manages more than $1 billion of Indian assets, plans to raise $500 million next year to invest in homes and offices in Asia’s third-largest economy.
Partnering Ahmedabad for fast track growth
In the past, Ahmedabad – the largest city of Gujarat – was largely thought of as a trading hub with localized market drivers. Today, we can confidently state that nothing could be more further from the truth. Jones Lang LaSalle India made a well-researched move when it launched operations in Ahmedabad in 2009. The decision to enter the city was based on its unmatched promise as a potential real estate investment destination, which factored in the city’s healthy local demand, as well as its outstanding industrial story.
Cushman & Wakefield sets up office in Ahmedabad
Cushman & Wakefield has opened its new office in Ahmedabad…
DLF plans to lower debt to Rs 17,000 cr
DLF on Sunday, July 15, said it planned to cut its Rs 23,000-crore debt to about Rs 17,000 crore in this financial year and asserted that it was not unduly “perturbed” by the massive load.