L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around 3 million sq. ft of… Read More »
Indian realty, it appears, owes its concrete foundations to private equity. Investment capital from uber rich individuals and institutions – or private equity (PE) financing in broadest sense of the term – now makes up 75 per cent of the funds propping up India’s property market, compared with just about a fourth in 2010. Total… Read More »
Telangana’s largest industrial house My Home Group has teamed up with office space specialists RMZ group to build a 10 million sq ft property in Hyderabad. The more than ` . 6,550-crore ($1 billion) office-space project, touted as the country’s largest, is coming up on a 10-acre piece of land in Hyderabad’s upmarket Hitec City… Read More »
PropUrban, the Global Real Estate Investment Advisory, Transaction & Consulting (O2O – Online to Offline platform) is expanding its reach globally and in India. The firms has opened office in London, Dubai, Chennai and Hyderabad today. Headquartered in Bangalore, this milestone marks an important step for PropUrban in enhancing engagement and responsiveness to support the… Read More »
India will attract significant capital from Singapore, China, the UK and the US, CBRE’s CEO, Asia Pacific, Steve Swerdlow said, adding that with greater transparency in the market, this is the beginning of their new journey in India. “Traditionally, Japan and Australia were important markets for CBRE, but India and China will overtake them in… Read More »
Share price of Indiabulls Real Estate added nearly 3 percent intraday Wednesday as it has signed an agreement to acquire India Land & Properties for Rs 685 crore. The company’s wholly owned subsidiary Indiabulls Infrastructure has signed a definitive agreement to acquire 100 percent share capital of India Land and Properties (ILPL), for an aggregate… Read More »
Pune’s office property supply crunch is likely to ease by 2019 as the city is expected to see supply of around 11 million sq ft until 2019-end, out of which 80% is likely to hit the market in 2018 and 2019, said property consultant JLL India. “Against the mentioned supply, the city is expected to… Read More »
Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc. are among global financial firms looking to add office space in India even as they trim their retail operations worldwide, two people aware of the matter said. Much of this space will be used to house the banks’ captive technology businesses in cities… Read More »
Asia Pacific cities are some of the fastest growing real estate markets in the world, but they have yet to catch up with their European and North American counterparts when it comes to intensity of investment. JLL’s latest Investment Intensity Index – which compares the volume of direct commercial real estate investment in a city… Read More »
Real estate developer RMZ Corp. has started the process of selecting investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which could see the developer raise more than Rs 2,000 crore, three people aware of the development said. REITs are entities that primarily invest in leased… Read More »