Mumbai residential realty market to start recovery from second half 2012: JLL
Residential property market in Mumbai will start witnessing a recovery in the second half of 2012 as it looks set to bottom out by the second quarter of the year, said property consultancy firm Jones Lang LaSalle India. “The reduction of interest rates expected by the second half of the year will help kick-start a [...]
स्टेट बैंक ने होम लोन पर प्रोसेसिंग फीस आधी की
मुंबई।। भारतीय स्टेट बैंक (एसबीआई) का होम लोन अब कुछ सस्ता पड़ेगा। इस मार्केट में दखल बढ़ाने के लिए देश के सबसे बड़े बैंक ने तरकश से नया तीर निकाला है। उसने होम लोन प्रोसेसिंग फीस आधी कर दी है। यह सरकारी बैंक की प्राइवेट बैंकों को खुली चुनौती है। एसबीआई के एक सीनियर एग्जेक्युटिव [...]
IDFC to drop NDMC mandate on Taj Mansingh?
MUMBAI: Infrastructure Development Finance Co (IDFC), which was selected by New Delhi Municipal Corp (NDMC) to advise it on lease renewal for the property that houses the iconic Taj Mansingh Hotel, may not take up the advisory assignment to avoid a probable conflict of interest. HDFC chairman Deepak Parekh heads IDFC board of directors besides [...]
PE story turns sober with fewer exits-At $2Bn, Funds Recoup 40% Less Than Last Yr
Mumbai: Sobering days are here for India’s big fat private equity industry. PE funds recouped significantly lesser money with the number of exits declining by half, raising concerns for global risk investors already worried over poor returns from the country. PE funds exited 55 investments netting $2 billion in 2011. This was significantly lower compared [...]
Sunteck Realty to buy 10 acre in Mumbai suburb for Rs 350 cr
MUMBAI: Realty developer Sunteck Realty has entered into an agreement to acquire over 10 acres land parcel in Goregaon suburb of Mumbai for nearly Rs 350 crore. The developer is also in talks with a private equity firm to join hands for the proposed development on this land parcel, said people familiar with the matter. [...]
ASK Property Investment Advisors close to raising Rs 1000 crore: Amit Bhagat, CEO
MUMBAI: ASK Property Investment Advisors is close to raising Rs 1000 crore ($192 million) for a fund that will invest in property projects in five cities, Chief Executive Amit Bhagat said. The fund, which is open only to Indian investors, is the company’s second. ASK has fully invested the first fund, which raised Rs 340 [...]
Chatwal group eyes expansion in hotel biz
Indian American Sant Singh Chatwal-led Hampshire Hotels & Resorts, on Monday, announced an aggresive brand building initiative in India, with the plan to open 52 hotels here in the next five years. The chain plans to expand its international hospitality brands Dream (a mid-size boutique hotel) and Night (a contemporary luxury property) globally, and in this [...]
Santacruz (W) apartment sold for Rs 3.8 crore
Delhi In one of the recent transactions in Gurgaon, a 5,200 sq.ft apartment was transacted at a price of Rs 5.63 crore. This transaction took place in Unitech World Spa, a luxury condominium complex located in South City I. This 5BHK apartment is located on the 3rd floor in one of the apartment towers. The [...]
MagicBricks.com presents Virtual Property Expo for NRIs
For the First time ever, MagicBricks.com, a leading real estate portal, is putting up a virtual property fair from November 28 to December 18, 2011, at IndiaCalling.MagicBricks.com. The virtual property expo has been organised for NRIs residing in the USA. At the India Calling – Virtual Property Expo, users can browse through the many projects [...]
Uproar in Parliament over Govt’s Decision to allow FDI in Retail
The Lok Sabha and the Rajya Sabha were adjourned till noon, minutes after the two Houses gathered on Monday, as a united opposition created uproar over government’s decision to allow FDI in retail. The opposition members were up on their feet shouting slogans against the government. In Lok Sabha, plea for calm by Speaker Meira [...]
