India's rapid economic growth positions its real estate sector as a lucrative investment opportunity for both local and foreign investors.
Parsvnath Developers sold a 30% stake in its Mumbai project for 1.86 billion rupees to foreign funds, enhancing investor interest in India's real estate market.
Shopkeepers on MG Road, Delhi, face steep rent increases amid uncertainty over property prices due to impending sealing drives after the assembly elections.
BCCL invests ₹60 crore in Mantri Realty for new projects and infrastructure expansion, including a ₹2,400 crore power plant near Nagpur.
The real estate sector is evolving, with a new trend of using celebrity names to brand properties, attracting high-end clients but possibly alienating the middle class.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.
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.
DLF Ltd plans to invest $5 billion over seven years to build 125 hotels in India, addressing a significant shortfall in tourism accommodation as demand rises.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.
Paul Hotels & Resorts is investing Rs 180 crore to develop two hotels in Mysore and Hampi, Karnataka, within the next two years.
Bahraini firm Acacia Real Estate buys 49% stake in Noida's Logix TechnoPark for $69 million, projecting a 24% annual return for investors.
Yoo by Strack is launching a ₹1,500 crore residential project in Pune, partnering with Panchshill Realty and eyeing further investments in major Indian cities.
India plans to introduce REITs with a tax structure similar to equity mutual funds, aiming to boost real estate investment and offer income opportunities to small investors.
Healthcare real estate is booming in India, with projections of $50.2 billion turnover by 2011 and $1.5 billion medical tourism industry by 2010. Major players are investing in developing health cities.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.
Fitch Ratings predicts positive growth for the Indian construction sector in 2007-08, driven by infrastructure and real estate investment. Profitability is expected to surge from 2009.