Puravankara Projects Ltd. may enter the hospitality sector in 6-8 months, but is currently focused on residential projects, particularly in South India.
Sayaji Hotels Ltd plans to invest Rupees 100 crore in Pune, expanding operations to include a sports club, restaurant, mall, and service apartments. The group also aims to grow in other cities like Bangalore, Chennai, and Gurgaon.
A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.
DLF has received government approval to proceed with its SEZ project in Kolkata, following a lengthy process to revive the initiative amid rising demand for IT space.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Global retail slowdown hits high-street rentals, Mumbai worst affected with 63.5% decline
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
Unitech launches Unihomes, affordable 1 & 2 BHK apartments in Kolkata, starting at ₹18 lakhs.
Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.
The demand for affordable housing is critical for India's middle income population, particularly in major metros like Delhi, Bangalore, Chennai, and Pune.
Indian real estate firms are increasingly adopting technology and ERP solutions to enhance productivity and manage resources amidst a market slowdown.
Ambuja Realty is expanding into real estate, hospitality, life care, and education despite the economic slowdown. The company has invested ₹1200 crore in projects since its inception.
Malls in India see 16% vacancy rate as brands shift to high street stores due to viability, visibility, and branding issues.
Landmark Special Opportunities Company and Landmark Real Estate Fund are acquiring a 60% stake in Forum Ventures for nearly Rs 100 crore, amid a challenging market.
Unitech to Sell 6 Hotel Projects to Reduce Expenditure
DLF-Hilton's joint venture faces regulatory delays for the Hilton Garden Inn project in New Delhi, but the partnership remains strong with 17 projects underway.
Sarda Group acquires facility management brand Talbot & Company, venturing into real estate management. Expansion plans include increasing manpower to 1,000 and achieving Rs 300 crore turnover.
Land prices skyrocket on Kona Expressway, NH-2, and NH-6 due to upcoming projects like DLF township and Tata Motors plant, with prices rising six-fold in four years.
Tata Motors halted Nano plant operations in Singur due to land acquisition issues. Bajaj Auto chairman believes this incident won't deter long-term foreign investment in India.
Provident Housing seeks to raise ₹750 crore from private equity to fund affordable housing projects across various Indian cities, expanding into a growing market segment.
Mahindra & Mahindra is considering real estate and IT investments in West Bengal through Mahindra Life Space and Mahindra World City, focusing on residential and SEZ development.
Ratan Tata's decision to relocate Nano car project due to protests over land acquisition exacerbates concerns over West Bengal's industrialization and infrastructure projects.
Salim Group chairman Prasoon Mukherjee expressed confidence in West Bengal's industrial development, stating ongoing projects, including PCPIR, remain unaffected by the Expressway's temporary halt due to land acquisition issues.
India's logistics sector is projected to boom, reaching $385 billion by 2015. 110 logistics parks are expected by 2012, boosting industrial activity and real estate in tier-2 and tier-3 cities.
Kolkata realtors to hike residential unit prices by Rs 100-500/sq ft due to 25% increase in construction costs, amid 12.98% inflation rate.