Unitech to raise ₹2,500 cr by Jan via asset sales, PE funds & debt transfer to mitigate ₹8,200 cr debt
Unitech to Sell 6 Hotel Projects to Reduce Expenditure
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
Amidst lending reluctance from banks, real estate developers are turning to lease discounting for ongoing commercial projects, providing banks with guaranteed cash flow and a safer lending option.
India's real estate market, with its high rental yields, attracts investments despite limitations. Real Estate Investment Trusts (REITs) could address these issues, providing access to capital and an exit route for developers.
India's office space absorption dropped 41% in the first three quarters of 2008 due to the global economic slowdown, impacting office rentals.
GMR Group seeks bids for hotels near Delhi Airport, aiming for Rs 1,375 crore in security deposits. The 45-acre hospitality district project, delayed since 2008, features plots for budget to ultra-luxury hotels.
Akruti City identifies new growth spots in bus terminals and warehouses, formalizing JVs with the Gujarat government and NCDEX.
Sarda Group acquires facility management brand Talbot & Company, venturing into real estate management. Expansion plans include increasing manpower to 1,000 and achieving Rs 300 crore turnover.
Lehman Brothers' bankruptcy may cost Indian real estate $1 billion, impacting investments in firms like DLF and Unitech, and exacerbating the credit crisis for Indian developers.
HDFC Chairman Deepak Parekh on India's Real Estate: Long-term prospects look brighter driven by foreign investments, especially in commercial segments like healthcare, hospitality, and logistics.
Maharashtra's government relaxes property regulations for IT parks, allowing a larger financial services footprint to boost Mumbai's commercial realty market.
Bombay Dyeing announced plans to develop 800,000 sq. ft. of property in Mumbai, including a high-rise for commercial and residential use, with potential sales in two years.
Millennium Spire launches Spire World, its Indian real estate platform, and its first green project, Spire Edge, a 1.6 million sq ft eco-office complex in Manesar.
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.
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.
India's real estate market is rapidly changing, with new destinations emerging as investment hotspots, driven by IT growth, infrastructure, and retail boom.
Falcon Realty Services ventures into eco-friendly real estate development in India, focusing on 2-tier cities and integrated townships near industrial hubs.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.
Assocham projects $21 billion FDI surge in Indian real estate over next 10 years, driven by high expected returns and anticipated regulatory changes.
India's commercial real estate sector is experiencing a slowdown due to the general economic downturn, impacting demand and rental values across major cities.
HDFC Property Ventures is investing $20-25 million into South India’s largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. This move marks their first foray into retail infrastructure.
Kolkata's real estate market witnesses a decline in developer interest as a prime 10-acre plot tender gets scrapped due to only one bidder.
UK-based Eredene Group and Apeejay Infra-Logistics Pvt Ltd set to develop an integrated logistics park in Haldia, with support from Haldia Development Authority.
Repo rate hike to strain real estate balance sheets, increase borrowing costs by 1%