Maharashtra's government relaxes property regulations for IT parks, allowing a larger financial services footprint to boost Mumbai's commercial realty market.
Millennium Spire Ltd (MSL) plans to invest $200 million in Indian real estate, focusing on mixed-use complexes, IT parks, and residential/commercial projects in NCR and Coimbatore.
India's warehousing sector is projected to grow at 35-40% annually, potentially reaching a $55 billion industry with significant logistics expansion in three years.
Mahindra & Mahindra is considering real estate and IT investments in West Bengal through Mahindra Life Space and Mahindra World City, focusing on residential and SEZ development.
Office rental prices in key cities like NCR, Mumbai, and Bangalore are expected to remain stable despite increased supply, according to a recent CBRE report.
Prestige Group, led by Irfan Razack, reflects on the success of The Forum mall in Bangalore, highlighting the critical factors for retail success in India's booming mall culture.
A global real estate consultant warns that the US economic slowdown could reduce demand for IT/ITeS office space in Gurgaon and Noida in 2H08, impacting growth in Delhi NCR suburbs.
Indian hoteliers are importing built-up rooms and fittings from China to offset rising construction costs, which have surged nearly 40%, thus saving time and expenses.
Leading hotel chains and top developers are bidding for Dawnay Day's Ten Hotels and other assets in India, valued at Rs 500-700 crore. ITC, Royal Orchid, Pride Hotels, Sarovar, Lemon Tree, DLF, and Paraswanath among contenders.
Ansal API and Raheja Developers are investing substantially in SEZ projects to revive a sluggish real estate market, with ambitious plans across multiple states.
Berggruen Holdings plans to invest over Rs 1,000 crore in India by 2012 to establish 3- and 4-star hotels. The company has secured funding from IDFC and is exploring additional funding options.
Ansal Properties and Infrastructure Ltd. plans to establish SEZs in Greater Noida, Haryana, and Rajasthan, alongside residential and commercial projects in various North Indian cities.
Mumbai is the top choice for logistics and warehousing investment, attracting $200 million. Smaller cities like Nagpur, Gurgaon, and Visakhapatnam are also emerging as promising logistics hubs.
MMRDA offers two large plots in Wadala, Mumbai for 80-year lease. One plot is for a commercial complex and the other for a multiplex, aiming to attract major developers and financial institutions.
Mantri Developers has secured a 4.9-acre plot in Siruseri IT Park for Rs 10.5 crore per acre, setting a new benchmark for Chennai's real estate market.
Luxury and premium brand retailers are seeking quality retail spaces for expansion, with new office moves reflecting a shift towards luxury malls, enhancing brand visibility.
India's logistics sector is projected to boom, reaching $385 billion by 2015. 110 logistics parks are expected by 2012, boosting industrial activity and real estate in tier-2 and tier-3 cities.
Indian Hotels Company plans to invest Rs 1,800 crore in growth, including new airport hotels and international associations, and plans for a strategic focus on standalone properties.
Rising real estate rentals are impacting retail expansion plans. Spencer Retail aims to open more stores, focusing on location due to rental costs.
Acacia Real Estate acquires 26% stake in Delhi retail mall via JV with Anant Raj Group, expecting 83% ROI over 3.5 years.
RDB Industries Limited has received a government tender worth thirty crores for a residential complex at AIIMS Patna, expanding its real estate portfolio.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.
India's commercial real estate sector is experiencing a slowdown due to the general economic downturn, impacting demand and rental values across major cities.
Essar Realty Holdings has secured a bid for a Rs 500-crore five-star hotel and multiplex at Nagpur's Multimodal International Hub Airport, partnering with Accor Hospitality.
The city's developers are encouraged to adopt green standards as WBGEDC plans to launch a green rating project to promote energy-efficient commercial buildings.
