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.
Unitech plans to raise $300-500 million through convertible debt to repay Rs 2,700 crore debt, already seeking $200 million from residential projects.
Lodha Group secured a ₹250 crore investment from HDFC for a project in Hyderabad, marking the fourth investment from PE funds totaling over ₹2,400 crore.