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.
Burn Standard and NBCC plan to develop a premium housing complex on an 11-acre plot in Alipore, Kolkata. The project awaits BIFR approval and faces hurdles like relocating existing structures.
ITC to invest in new hotels in Chennai, Kolkata, Ahmedabad, Hyderabad, and Delhi, with estimated investments over Rs 4000 crore this year and next.
Kolkata's real estate market witnesses a decline in developer interest as a prime 10-acre plot tender gets scrapped due to only one bidder.
Red Fort Capital in talks with 6 developers for Rs 4,000 crore projects across India
Yatra Capital Ltd invests $7 million for a 40% stake in a Kolkata hotel project, emphasizing growth in the hospitality sector and aiming for diversified returns.
Uttorayon township in Siliguri, a collaborative project, has completed two phases and is set for a 2011 completion. The project includes hotels, a hospital, and a mall, with most flats already sold.
Calcutta property prices may increase by up to 15% as developers face rising costs; however, demand slowdown may limit immediate price hikes.
Ruchi Realty launches ₹450cr luxury apartment project in Kolkata with sports-based residential condominium
Inox Leisure to expand in Eastern India with 18 multiplexes, 67 screens, and an investment of over ₹100 crores
Royal Palms India plans significant hotel expansion across Mumbai, Hyderabad, and Kolkata with ₹2,400 crore investment
Kolkata developer Siddha Group launches luxury studio apartments project in Rajarhat New Town
Indian real estate market to grow 35-40% in next two years, attracting $12 billion in PE investments from players like Blackstone and Deutsche Bank.
Sistema, a Russian conglomerate, plans to invest up to $200 million in Indian commercial real estate and hospitality projects by year-end, focusing on office spaces and hotels in major metros.