Country Club India expands to 44 clubs, plans 100 crore investment in Gujarat and Madhya Pradesh, and acquires Dubai property.
India's home prices expected to correct further due to low transaction volumes and over-supply, with 15-20% drop in major cities.
Old Mutual plans to significantly ramp up investments in Indian real estate, launching four new $1 billion funds by 2015, aiming to become a leading retail developer and asset manager.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.