Ceylon Glass Company is selling a prime 21-acre property in Colombo for 700 million rupees, following its production plant relocation. Exports have significantly increased.
State Bank of India anticipates enhanced asset quality in Q1, attributed to recovered bad loans amid deteriorating credit quality in 2007-08.
Emaar to invest $150 million in three Emaar MGF projects, marking the first major fund infusion since a failed IPO. This equity stake will be in separate SPVs developing retail and office properties in Gurgaon and Mohali.
Housing finance is under pressure as banks increase developers' contribution limits amid rising rates and an uncertain economy, impacting real estate investments.
Five major realty companies, including B L Kashyap and Sons, are bidding to develop a Rs 100-crore five-star hotel in Bathinda, Punjab, under a public-private partnership.
Reliance Industries faces land acquisition hurdles for its Haryana SEZs due to price disagreements with landowners, impacting the 25,000-acre project.
Mahindra & Mahindra slows down its Rs 4,000 crore World City project in West Bengal, focusing on its IT SEZ and exploring tourism opportunities.
Ascendas is poised to acquire a 6.18-acre site in Chennai, with expectations of a deal worth around Rs 220 crore, pending approval for increased floor space index.
The slowdown in the real estate sector has led to a decline in loan securitization, with debt mutual funds pulling back due to increased risks and waning demands for securities.
Brigade Enterprises acquires 5 acres in Kochi's Info Park to develop a 6,00,000 sq ft IT SEZ, marking their first commercial venture in the city.
Indian real estate developers are increasingly recruiting B-school grads, offering competitive salaries and senior roles to enhance their professional image and meet growth demands.
DLF Ltd plans to develop eight shopping malls in metros this financial year, focusing on leasing commercial spaces.
India's real estate market is projected to grow significantly, attracting $30 billion in FDI over the next decade. Policy changes, including increasing the minimum construction area for foreign developers, are expected to further boost FDI inflows.
Indian developers are increasingly focusing on green buildings due to growing environmental awareness among multinational tenants. While involving higher initial costs, these buildings offer long-term savings and attract eco-conscious companies.
India attracted $20.8B FDI in energy, services, construction, and real estate over four years. Real estate FDI jumped from zero to $2.17B, while services saw the largest increase, from $444M to $6.61B.
JMD Real Estate plans Rs 200-300 crore public issue and private equity fundraising with Cushman & Wakefield valuation support.
Lehman Brothers invests $175 million in a Mumbai mixed-use project with Unitech and local partners. The project includes 1 million sq ft of office space, part of an 18 million sq ft master plan.
PS Group develops $80.4 million IT park in Sri Lanka through international joint venture with technology institute
Sobha Developers planning expansion into SEZs, retail, and commercial projects across multiple cities with significant investment plans
State-owned pharmaceutical companies are shifting focus to real estate development, leveraging their land holdings to build commercial complexes and IT parks. This move aims to generate revenue and meet social objectives without government assistance.
Mauritius-based fund aims to raise $100 million for Indian real estate investments by June, targeting unlisted companies.
Inox Leisure to expand in Eastern India with 18 multiplexes, 67 screens, and an investment of over ₹100 crores
The Mumbai airport upgrade will unveil 132 acres for non-aeronautical uses, significantly boosting retail, hospitality, and office spaces in the region.
Global sub-prime crisis to impact Asia-Pacific property markets, with declining investments and varying effects across different regions
Videocon Group acquired Lotus Society in Ahmedabad for Rs 30 crore to build a commercial complex and five-star hotel, capitalizing on the Sabarmati riverfront project.