Hyper City Retail halts convenience format plans, shifts focus to big box format and multi-channel retailing due to low profit margins and high real estate costs.
Retail sector in India shows massive potential with growth and consolidation expected in the medium term
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
Brigade Enterprises acquires 5 acres in Kochi's Info Park SEZ to develop 4-5 lakh sq ft of IT office space, marking its expansion in South India beyond Bangalore and Mysore.
Indiabulls Real Estate gets High Court approval to acquire 100% of Dev Development Property for $270 million.
Wadhawan Group plans major investment in food, beverages, and lifestyle segments across multiple cities and international markets.
India poised for decade-long 10% yearly growth, says hedge fund manager at Arabian Hotel Investment Conference
Land deals in prime metro city locations see decreasing prices, with Parsvnath's recent Connaught Place acquisition marking a 17% discount per acre compared to last year's rates.
Old Mutual plans to significantly ramp up investments in Indian real estate, launching four new $1 billion funds by 2015, aiming to become a leading retail developer and asset manager.
Sistema, a Russian conglomerate, plans to invest up to $200 million in Indian commercial real estate and hospitality projects by year-end, focusing on office spaces and hotels in major metros.
Babcock & Brown plans to invest $2 billion in Indian infrastructure and property within three years. It has hired professionals for this task and also spending 40% of its $1 billion Asia infrastructure fund.
Deutsche Bank's RREEF to invest $1B in Indian real estate over three years, targeting residential, retail, hospitality, and commercial projects in western and northern India.
DLF plans to invest ₹1,250 crore to expand its multiplex business, adding 500 screens nationwide. DT Cinemas will open a 12-screen megaplex in Gurgaon's Mall of India and multiplexes in various other cities.
Parsvnath Developers launched its first integrated commercial mall in Jamnagar, Gujarat, costing Rs 120 crore. The project spans 13,200 sq m and is expected to generate Rs 120 crore over three years.
Vacancy rates are rising in Bangalore and Chennai's tech hubs as IT companies seek new locations, causing concern for real estate developers.
High Pointe Real Estate Pvt Ltd announces the development of Mehran Heritage, a boutique hotel in Jodhpur, aimed at attracting both foreign and business travelers.
Hilton Hotels Corporation is planning a major comeback in the Indian market after ending its partnership with The Oberoi Group. The company is negotiating with multiple real estate players and will introduce its full range of hotels.
Mumbai witnesses world's highest 94.4% increase in industrial space rentals, leaping to 26th most expensive globally.
Salarpuria Group plans to invest Rs 1,000 crore in West Bengal by 2010, including a Novotel Hotel and two IT SEZs, with significant backing from the Central government.
Amrut Runwal Group is entering the hospitality sector with a five-star hotel in Pune, scheduled to open by June 2009, under the Ramada brand.
Mumbai's industrial property rents surged dramatically last year, nearly doubling and ranking among the fastest increases worldwide, according to an international report.
Shopkeepers on MG Road, Delhi, face steep rent increases amid uncertainty over property prices due to impending sealing drives after the assembly elections.
The Dubai Mall is nearing completion, showcasing innovative retail and entertainment concepts in a vast space, redefining mall development with unprecedented scale and structures.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.
Ishaan Real Estate Plc has leased 577,000 sq. ft. of office and retail space, predicting strong progress in construction and pre-selling residential units in Mumbai.
