DLF shares increased by 3.2% after Goldman Sachs upgraded the stock's rating to "buy", citing increased residential launches and commercial property recovery.
In 2011, demand for office and retail space in Bangalore showed robust growth, with a significant contribution from the IT and ITES sectors. Experts predict an even higher demand for office space in 2012.
Real estate stocks have plummeted, with the BSE Realty Index down 68.5% in 2008. DLF announced a buyback, while analysts predict further decline due to slowdowns, rising input costs, and high interest rates.
RBI raises interest rates, impacting stock markets and real estate sector with significant index declines
Goldman Sachs invests $50m in Sterling & Wilson, a Shapoorji Pallonji group MEP contracting company, to boost domestic and international growth.
ICICI Venture to raise $3B from 2 funds, including $1.5B for real estate, targeting residential and commercial properties.
Emaar MGF in talks with Goldman Sachs, Deutsche Bank for $800M investment in 3 SPVs
Emaar MGF is negotiating $800 million investments from Goldman Sachs, Deutsche Bank, and another investor in three SPVs, enhancing their development projects amid market challenges.
India's real estate sector, driven by internal consumption, experiences 30-40% growth, attracting global investments, despite concerns of an unsustainable bubble forming.
Country Club Ltd. is set to acquire hotel properties in Dubai and Bangkok, with plans to finance through local banks and after recent successful fund mobilization.