Provogue India ventures into real estate with a 300,000 sq. ft. project in Aurangabad, combining residential and mall spaces. This move mirrors similar ventures by other textile companies.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
Indian real estate is experiencing a resurgence due to increased construction, especially in affordable housing, and record-low home loan rates. This has led to renewed optimism among consumers, particularly in Tier II and Tier III cities.
Transport Corporation of India Ltd has announced the consolidation of its real estate and warehousing activities into a newly formed company, TCI Developers Limited.
Tata BlueScope Building Solutions partners with Arshiya International to supply Butler Building Systems for multiple warehousing projects in India, signaling growth in the sector.
Sahara Prime City aims to raise Rs 3,450 crore from an IPO to fund development of nineteen thousand housing units and 16 integrated townships.
Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.
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.
Sahara Prime City engages construction firms for residential projects within Sahara City Homes, part of its 217-township initiative across India. Initial development focuses on 102 cities, including Lucknow, Nagpur, and Indore.
Phoenix Group Global launches Zuri brand of luxury hotels and resorts in India. First hotel to open in Bangalore, with plans for five more across the country.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.
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.
Mumbai is the top choice for logistics and warehousing investment, attracting $200 million. Smaller cities like Nagpur, Gurgaon, and Visakhapatnam are also emerging as promising logistics hubs.
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.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
Essar Realty Holdings has secured a bid for a Rs 500-crore five-star hotel and multiplex at Nagpur's Multimodal International Hub Airport, partnering with Accor Hospitality.
The city's developers are encouraged to adopt green standards as WBGEDC plans to launch a green rating project to promote energy-efficient commercial buildings.
Unity Infraproject reports a 42% rise in profit after tax for FY2008, expands into 3 cities, and targets profitable growth.
Hindustan Times Media Limited has acquired a 0.65% stake in Sunil Mantri Realty for 20 crore rupees to finance new projects, fostering potential growth.
aAIM India has announced its significant investment in a 7 million sq. ft. mixed-use project in Nagpur, marking a key FDI under India's Special Township Policy.
Mahindra Lifespaces and B E Billimoria win bid for 25-acre residential project at Nagpur's MIHAN, forming a special purpose vehicle.
BCCL invests ₹60 crore in Mantri Realty for new projects and infrastructure expansion, including a ₹2,400 crore power plant near Nagpur.