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.