Vavasi Group and Chadha Group have bid to acquire Golden Forest India's land assets, potentially marking one of India's largest land transactions.
The shift towards tier II cities like Chandigarh is benefiting realtors, with new malls promising job creation and variety for residents.
Parsvnath Developers Limited announces the launch of Parsvnath Premier, a residential project in Indore, offering 300 units with leisure activities. The company also aims to develop an SEZ and an integrated township in Ujjain.
Jai Corporation raises over 5,686 crore rupees for its venture capital funds aimed at investing in Indian real estate and developing integrated projects.
Gujarat realtors hope to generate ₹1,000 crore from NRI investments by March 2009 through the recent property show at the WGC. Despite market slowdowns, the focus remains on promoting Gujarat as a prime investment destination with high appreciation potential.
Bombay Dyeing announced plans to develop 800,000 sq. ft. of property in Mumbai, including a high-rise for commercial and residential use, with potential sales in two years.
Millennium Spire launches Spire World, its Indian real estate platform, and its first green project, Spire Edge, a 1.6 million sq ft eco-office complex in Manesar.
Shriram Properties plans to establish two subsidiaries for retail and hospitality, aiming to develop 15 malls and 70-80 budget hotels in the coming years.
India's real estate sector is facing complexities and ambiguities related to indirect tax, including VAT and service tax on works contracts. The Supreme Court's ruling in the K Raheja Development Corporation case has further complicated taxation, potentially increasing the cost burden on new flat purchasers.
Twelve Pune real estate developers face scrutiny for falsely claiming Rs 65 crore in tax waivers on low-cost housing schemes. The Income Tax department plans to issue notices, impacting tax collections amidst a market slowdown.
Three major realty firms bid on national highway projects to diversify amid a residential real estate slowdown.
India's warehousing sector is projected to grow at 35-40% annually, potentially reaching a $55 billion industry with significant logistics expansion in three years.
The KPCC criticizes the political controversy surrounding SEZs in Kerala, linking it to internal conflicts within the CPI(M) and raising concerns over real estate interests.
DLF continues to excel in the Indian real estate market, shifting focus towards mid-income housing and commercial projects while maintaining impressive growth metrics.
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.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.
Golden Gate Properties launches affordable housing project, 'The Commune', in Bangalore promising 995 sq ft flats for Rs 19 lakh. The project includes facilities such as a retail center, school and club-houses.
Indian companies are less interested in listing on London's AIM due to the global IPO slowdown and poor performance of some real estate companies, though experts predict improvement with market revival.
Terrorist attacks tragically impact human life and the economy, including real estate. This article examines the potential effects on India's real estate market, referencing global trends after 9/11.
Indian hoteliers are importing built-up rooms and fittings from China to offset rising construction costs, which have surged nearly 40%, thus saving time and expenses.
Ansal API and Raheja Developers are investing substantially in SEZ projects to revive a sluggish real estate market, with ambitious plans across multiple states.
Berggruen Holdings plans to invest over Rs 1,000 crore in India by 2012 to establish 3- and 4-star hotels. The company has secured funding from IDFC and is exploring additional funding options.
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.
MMRDA offers two large plots in Wadala, Mumbai for 80-year lease. One plot is for a commercial complex and the other for a multiplex, aiming to attract major developers and financial institutions.
A Mumbai NBFC starts selling shares of a Delhi real estate firm, causing further decline in stock price.