Real Estate bill to be tabled in next session: Naidu

Date : Oct 11, 2014

Gurgaon: The Real Estate (Regulation and Development) bill will be tabled in the coming session of parliament, Union Urban Development Minister M. Venkaiah Naidu said Thursday while addressing the media here. The bill aims to regulate transactions between buyers and promoters of residential real estate projects. It proposes to set up state-level regulatory authorities called Real Estate Regulatory Authority (RERA). Naidu said the NDA government will get the bill passed in the Lok Sabha but will face a problem in the Rajya Sabha where it lacks numbers. "Congress has been creating hurdles in the way of bills aimed at wider public interest. The FDI and insurance bills were not passed in the Rajya Sabha. Now the

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L&T eyes infrastructure assets listing in India

Date : Oct 10, 2014

Industrial conglomerate Larsen and Toubro Ltd(LART.NS) is exploring a listing of its infrastructure assets including toll roads in the local market via a newly created investment trust, its chief financial officer told Reuters. Mumbai-based Larsen initially wants to list assets valued in the "low" hundreds of millions of dollars, R. Shankar Raman said, after deciding against an earlier plan to list the assets in Singapore. "If we can list these assets without the foreign exchange risk, then obviously we would prefer to do it," he said, adding the company needed clarity on some tax issues before moving ahead with it. India cleared the way for the country's first infrastructure trusts as well a

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After Anandi, Vasundhara hardsells her Rajasthan in Mumbai

Date : Oct 9, 2014

Days after Gujarat Chief Minister Anandi Patel attempted to woo investors away from the country’s “congested” financial capital, senior BJP leader and Rajasthan CM Vasundhara Raje on Monday sought to hardsell her Rajasthan model in Mumbai, saying her state was ahead of Maharashtra. Addressing a rally in pre-dominantly Marwari area of Khetwadi in Malabar Hill, Raje also spoke of how Rajasthani migrants have “contributed to the development” of Mumbai. “You have played a significant role in Mumbai and in the state’s economy. In my two days of campaigning, I noticed that Rajasthan is ahead of Maharashtra,” she said. Raje was speaking to a crowd mainly comprising migrant population

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A look at Neemrana's real estate potential

Date : Oct 9, 2014

New Delhi: Neemrana is one of the fastest growing industrial centres in Northern India. This area is located on NH-8 in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan and part of Delhi NCR, Neemrana has attracted a lot of heavy industrial investments from Japanese manufacturing firms such as Nippon, Daikin, Nissan, NYK Logistics and Mitsui Chemicals. Neemrana lies along Phase-I of the Delhi-Mumbai Industrial Corridor. The Rajasthan State Industrial Development and Investment Corporation (RIICO) has developed several industrial zones that have led to this sub-market’s emergence as a major industrial hub. The demand for homes from workers employed in these in

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East India Co mulls launching branded serviced apartments

Date : Oct 7, 2014

The East India Company, the iconic trade company set up in 1600 in London and resurrected after 131 years in 2005, is expanding rapidly into the Middle East with plans for up to 20 fine food stores and several high tea lounges within five years and even the possibility of serviced apartments, the company’s CEO told Arabian Business. “In the GCC we just opened our flagship store in Abu Dhabi at Emirates at Avenue at Etihad Towers. We also opened our flag store in Doha six months back at Lagoona Mall. We already have a store in Kuwait, which we opened over one year back and our store in Riyadh is under construction and will opening before the end of this year,” Mumbai-born businessman Sanjiv Mehta, the company&rs

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Dussehra, Diwali: India set for new property launches

Date : Oct 5, 2014

The biggest of the Indian developers have started to unveil their new projects overseas, with Dubai being the favourite destination. In the past few months, Lodha Group, India Bulls, Kalpataru Limited and many others have launched their projects in the emirate with Assocham, India’s top industry body, stating developers will see a 100 per cent increase in inquiries from non-resident Indian (NRI)-based buyers. Indian property developers are expecting a 35 per cent rise in inquiries from NRI-based buyers against last year's about 18 per cent, Assocham has said. "NRIs feel confident about the new government in India and are waiting for an investment friendly market in various fields," it added.

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Potential of West Bangalore as a real estate investment destination

Date : Sep 30, 2014

Srinivasa Reddy [ Updated 29 Sep 2014, 12:37:42 ] New Delhi: The West Bangalore sub-market covers the areas and projects around Tumkur Road NH-4 towards the Yeshwanthpur and Malleswaram junction, the Rajajinagar Industrial Area, Yeshwantpur, and Tumkur Road and its surroundings (which has a high-density population and has traditionally been the primary industrial hub of the city). Industrial and commercial profile * At present, West Bangalore is surrounded by vacant land parcels and is predominantly an industrial area dominated by warehousing and industrial a

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'Private equity investments in India likely to touch USD 12 billion in 2014'

Date : Sep 28, 2014

Port Louis (Mauritius): Private equity investment in India is likely to touch a staggering USD 12 billion in 2014 primarily on account of reform measures taken by the government at the Centre. In the first half of the year, private equity entities pumped in USD 6 billion in India. "India is expected to witness investments worth $12 billion in 2014 by private equity players, double than the amount invested by them last year," Indian Private Equity and Venture Capital Association (IVCA) President Arvind Mathur told PTI. He told this at the sidelines of a private equity conference here, which was attended by around 200 delegates coming from various countries, including India, China, Japan and various African natio

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Buyer's guide to green homes in India

Date : Sep 27, 2014

Sustainable real estate is all about using resources sustainably and addressing the demands of the present without compromising the ability of future generations to meet their own needs Juggy Marwaha JLL India The tremendous rate of real estate development across the globe, and especially young, emerging nations, is imposing immense pressure on the environment and its natural resources. With such a rapid development, there is a lot at stake when we look at important factors such as energy availability and environmental sustainability. The real estate sector is one of the major contributors to global warming due to the extensive pollution during the construction process as well as emission of greenhouse gases during the lifecycl

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Make-believe in India

Date : Sep 26, 2014

Though India Inc praised the new government at the 'Make in India' summit, the stock market beat down many of their stocks after the Supreme Court judgment on the coal scam Joydeep Ghosh  September 25, 2014 Last Updated at 19:40 IST     It’s a tale of contrasts. While Aditya Birla Group Chairman Kumar Mangalam Birla said Make in India was a clarion call that could take the Indian economy to great heights on Thursday, the stock price of one of his flagship companies - Hindalco - fell over 4 per cent due to the cancellation of coal block allotments. ICICI Bank MD & CEO, Chanda Kochhar said: “We are very inspired by the PM's vision to 'Make in

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India's 100 Richest Billionaires

Date : Sep 25, 2014

For the first time, the top 100 richest tycoons in India are all billionaires, according to the latest Forbes rich list. The combined net worth of India’s 100 wealthiest is US$346 billion, up more than a third from $259 billion in 2013. The complete list is available at  www.forbesindia.com and in the latest issues of Forbes Asia and Forbes India.   Naazneen Karmali, India Editor of Forbes Asia, said: “In 2014, India's outlook has moved very quickly from gloom to boom. The new federal government's mandate for change has sparked euphoria in the stock market causing a seismic shift in Indian wealth this year. Hopefully these gains are real and will be sustained as the economy revives and India

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Investors to bank on UAE’s vibrant real estate market

Date : Sep 20, 2014

Staff Report / 20 September 2014 The UK, India and Pakistan top Dubai’s real estate investor list Dubai —The 13th edition of Cityscape Global will see a very strong turnout from visitors across the world — in particular the United Kingdom, India and Pakistan — as they look to maximise their investment potential in the UAE. The UK, India and Pakistan top Dubai’s real estate investor list and investors from all three have sent a powerful message to the international community that the Middle East is a safe haven for investment. According to the Dubai Land Department, or DLD, the total sum of foreign investment in Dubai’s real estate market exceeded £6.1 billion, with Briti

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