Embassy Group in talks with JP Morgan for Rs.500 Cr real estate fund for two Bangalore projects.
Noida Authority uncovers a real estate scam worth Rs.3800 Cr from 2011, leading to the removal of several officials and potential suspensions.
India's real estate market, projected to hit $180B by 2020, is the 5th most attractive global investment hub. A real estate seminar in Bangalore connected industry experts with students, offering insights into the sector's future.
Tishman Speyer plans to raise $1 billion for Indian realty projects, while Jina Ventures aims for $200 million.
Ahmedabad is attracting significant NRI real estate investment, rivaling Mumbai and Goa. Driven by better appreciation and affordability, NRIs are showing increasing interest in high-end properties.
Sobha Developers sold 40% stake in a Bangalore residential township project to Dubai's Pan Atlantic for $10 million. The project is estimated at 1.05 billion rupees.
Nanded City Pune's Phase 1 Closes, Phase 2 Launches in Dec 2008