The new concept of integrated townships is now more about a single developer taking over a large tract of land. There are benefits too. “The infrastructure is under the developers’ control,” explains Anuj Puri, Chairman and Country Head, JLLI, adding that the developer can plan and use the FSI better, and long-term maintenance is a possibility.
In its first ever Indian investment, the Plaza Centers Group has appointed Pioneer Property Zone (PPZ),- leading experts in developing and managing shopping malls –for their upcoming mall in India – Property Zone will be managing the mall for the group which will include financial management & implementing strategies for growing the asset performance. The upcoming property is at Koregaon Park Plaza Mall in Pune.
Netscribes, a knowledge consulting solutions company, announces the launch of its report Facilities Management Services Market in India 2012.
While many of the Indian cities are reeling under the apprehension of slowdown with sales nosediving, Pune real estate has defied any such apprehensions.
Property consultants and real estate developers have demanded industry status to the realty sector in the forthcoming Budget.
The last few months have seen a lot of mid-sized office and mixed-use buildings in Mumbai going under the hammer. Not very surprising, considering the wave of real estate redevelopment that has swept the city. What is so unusual about these buildings is the fact that they are going to be redeveloped into stand-alone retail formats.
Amidst the turbulence of many of the world’s largest economies, particularly in western markets such as the US and European economies, the broader macro economic outlook in Asia is encouraging.
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.
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.
The Sahara group’s appeal against the order of the Securities Appellate Tribunal (SAT) will come up for hearing in the Supreme Court on Monday, Nov 28.