Homegrown private equity fund Everstone Capital is planning to list its warehousing and logistics assets valued at $2-2.5 billion as a Real Estate Investment Trust (REIT), said four people involved in the process. Everstone is looking to raise more than $3 billion over the next four years through its arm IndoSpace. Read more: Economic Times
The Chinese delegation comprising government firms that are into construction business had visited Surat last year and claimed that they could construct this fully environment-friendly skyscraper in very short time using pre-fabricated technology. SMC officials said that they are checking the feasibility for this project on the 22,000 sq m land on the Ring Road where… Read More »
After MADC issued show cause notices for termination to 23 investors in Mihan-SEZ, nine companies have expressed inability to go ahead with their plans and have demanded their money paid for buying land back. All except L&T Infocity which has 50 acres of land have small-size projects having taken up 1 to 3 acres of… Read More »
For office sector, year 2016 kick started on a positive note with office absorption totaling over 8.8 million sq ft across nine major cities in the March quarter. This includes pre-commitments of about 0.8 million sq ft. This was about 11% up from the previous quarter. Strong positive absorption from technology firms helped further gains… Read More »
With rising growth of ecommerce and internet-based businesses in India, the country is logging a growth rate of 25-30% for third-party or co-location data centers, which is spurring demand for real estate space for setting up these hubs in cities such as Bengaluru, Mumbai, Delhi, Chennai, Hyderabad, Pune and Jaipur. But despite the demand, property… Read More »
Maruti Suzuki is exploring the possibilities to set up an assembly facility in Africa and investing in real estate in India to develop sales and marketing infrastructure. “We have a team in place now for land acquisition. We have allocated Rs 800 crore for building sales and marketing infrastructure. If required, we can step this up… Read More »
Three banks which have started operations in the International Financial Services Centre (IFSC) have collectively done transactions worth $250 million, Gujarat International Finance Tec-City (GIFT) said in an emailed statement. Yes Bank, Federal Bank and ICICI Bank which have started their offshore units in this special economic zone have together issued buyers credit, foreign currency… Read More »
The year 2015 witnessed decrease in home loan interest rates coupled with various incentives being offered by developers. However, the transaction volumes in residential real estate continued to remain on the lower side across cities. Though select cities witnessed increase in enquires towards the end of the year; in general, the residential buyer was cautious.… Read More »
Private equity firm Milestone Capital Advisors plans to raise around Rs 1,000 crore under a commercial fund which would invest in pre-leased commercial assets in metros, a top company official said. Under the fund, titled Milestone Commercial Advantage Fund, the company plans to invest in assets like commercial offices, IT/ITES, industrial or warehousing and retail space.… Read More »
Deutsche Bank analysts say the strongest growth in commercial construction is likely behind us. In a note Wednesday, Nishu Sood and team observe that various measures of on-the-ground spending are near or above 90% of the levels where they last peaked between 2002 and 2008. They point to the slowdown in the Dodge Momentum Index, which… Read More »