Singapore's GIC in talks to invest in Vatika Realty Projects

Date : Jan 29, 2015

KOLKATA|MUMBAI: Singapore's sovereign wealth fund GIC is in talks with Gurgaon-based realty developer Vatika Group to form an exclusive alliance to invest in residential and commercial properties in north India. GIC is looking to infuse around $150 million in this platform in addition to its recent investments in two residential projects of Vatika Group in Gurgaon, said two persons familiar with the development. In December, GIC had invested Rs 150 crore in a joint venture with Vatika Group to develop two projects with a development potential of over 2.3 million sq ft in Gurgaon. GIC is betting big on the Indian real estate market and has been actively scouting for assets. In December, the fund had signed an agreement to acq

View Details

Amazon.com, Inc. (AMZN), Other Internet Retailers Stimulate Real Estate Surge in India

Date : Jan 26, 2015

Amazon.com, Inc.(NASDAQ:AMZN) and its local rivals in the internet retailing business in India are contributing towards a real estate surge in the country as commercial activities from the industry drives  growth in property leasing to accommodate retailers’ increasing needs for storage space. According to a report released by CBRE, a property consultant, India’s growing e-commerce sector absorbed almost 25 percent of warehousing and logistics space in 2014 even as demand for such spaces grew sevenfold in the year compared to 2013. Although e-commerce firms such as Amazon.com, Inc.(NASDAQ:AMZN) only account for a smaller fraction of India’s retail industry, it used almost 40 percent of  the 1.7 millio

View Details

Bengaluru most livable city in India, followed by Mumbai and Chennai: Survey

Date : Jan 25, 2015

NEW DELHI: Bengaluru is the most livable city in the country, followed by Mumbai and Chennai, a survey said. "In India, Bangalore, ranked 171st globally, scores most favourably followed by Mumbai and Chennai both ranked 182nd. New Delhi (204) is the least livable," according to Location Ratings for expatriate living conditions published by ECA International, provider of knowledge, information and technology for management and assignment of employees around the world. Along with Beijing, Delhi has the worst score for air quality not just in Asia but globally, it said. Singapore is the most livable location in Asia and the world, followed by Sydney and Adelaide in Australia. "Good ai

View Details

What’s in store for real estate

Date : Jan 10, 2015

There is optimism in the market about a stronger economy, and expectations of the government ushering in reforms, says Anshuman Magazine, CMD, CBRE South Asia. The year’s real estate investment forecast also indicated an improvement due to government stimulus efforts, according to the report by CBRE. Institutional investments and capital market transactions in the realty market during the year stood at approximately $ 5 billion. Of this, land and development stage transactions attracted the highest investments from domestic as well as foreign entities. The commercial office segment, meanwhile, attracted more than 25% of this total investment. Office space The spurt in office transactions during 2014 led to a total

View Details

China and India markets strong in retail real estate

Date : Jan 9, 2015

In terms of retail real estate, China and India will be the markets that see the greatest growth this year, according to Colliers International's "2015 Property Outlook". But markets such as Indonesia are also benefiting from political stability, and most Asian markets are seeing solid growth in consumer spending. "The increased spending power of the younger generation, the rapid growth in middle-class families and the sustained pace of urbanisation across the continent have been the driving forces behind retail sales over the past few years," said Simon Lo, executive director of research and advisory services for Asia. "Those are all positive factors and look set to continue for at least a

View Details

Cautious optimism for Indian real estate market in 2015

Date : Jan 8, 2015

The Indian real estate market was one of the better performing real estate sectors towards the end of 2014, ending the year on a high in the eyes of many experts. The beginning of 2014 was impacted by the political situation although the introduction of a government with a clear majority has given investors food for thought and the opportunity to focus on the future. There has also been an array of other developments across the Indian real estate sector which has certainly given overseas investors more confidence. It will be interesting to see whether this optimism follows through into 2015 and whether indeed investors continue to increase their exposure to the region. Some of the factors to consider include: – Improve

View Details

Faster, smoother travel modes send property prices soaring in Mumbai

Date : Jan 6, 2015

MUMBAI: Four new transport infrastructure projects in the suburbs have driven up property prices in areas around them in the past two years. The Eastern Freeway, the Andheri-Ghatkopar metro rail, the mono rail and the Santa Cruz-Chembur Link Road have led to an upshot in rates in Chembur, Ghatkopar, Kanjurmarg and parts of Wadala. Property watchers say the increase is between 15% and 20% a year in these areas. Mumbai's average property hike is around 7% to 12% per annum. Siddharth Sharma, a Chembur resident, said that in Subhash Nagar colony where he stays, the rate has suddenly shot up from Rs 14,000 to Rs 18,000 a sq foot over the past 18 months. Some builders are quoting as high as Rs 22,000 a sq ft in upcom

View Details

High hopes for India’s property market

Date : Jan 5, 2015

India’s property market has struggled in recent years amid high interest rates and a slowing economy. But developers and analysts say that the tide has started to turn and that 2015 looks set to be a positive year for the industry. “The winds of change are now blowing more perceptibly,” says Anuj Puri, the chairman and country head at JLL India, the real estate service company. “Inflation, including the house price component, has now been reduced to the lowest level in recallable history. Property buyers are back in force in most cities as inquiries have rebounded, and developers are finally reading the writing on the wall more accurately and coming in with the kind of supply that is relevant to deman

View Details

Jaipur and Hyderabad project expected to generate Rs. 70-80 crore of revenue by March 2015: S K Jain

Date : Jan 3, 2015

Om Metals Infraprojects stock is trading weak. The company has informed that the partnership firm m/s Om metals consortium has inducted M/s Goregaon hotel and Realty Pvt ltd (GHRPL) as a partner for 50% share in a partnership firm for development of Slum rehabilitation and residential development project in Bandra Reclamation. The Land FSI was awarded to the firm by MHADA. Post inclusion of M/s GHRPL, Om Metals  has 17.5% sharing in the partnership firm Om metals consortium. Om Metals Infraprojects Ltd, is a conglomerate having diverse business activities and interests related to Hydro mechanical equipment, turn key solutions for steel fabrication, Hydro power developments, Real Estate, Leasing, Finance, Entertainment cent

View Details

Housing sales dip in 2014; realtors eye turnaround in new year

Date : Jan 2, 2015

MUMBAI/NEW DELHI, Dec 31: After a sluggish 2014 marked with falling housing sales and high costs, developers are betting on lower borrowing costs and economic upturn for a turnaround in the real estate market in the new year. Developers were hopeful that property market, which has been witnessing demand slowdown since last few years, would be back on track in second half of 2014 on improved sentiments after the new Government came to power but that did not happen and rather housing sales were slow even during festive season. In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment. Rentals remained stable during the entire year. Like 2013, cash-starved developers fa

View Details

Pune real estate market hopes for turnaround in 2015

Date : Dec 30, 2014

Property Price in prominent micro markets in Pune saw decent increase over the year 2014 with only a few localities being, more or less, stable. Despite the general slowdown witnessed across other major cities, Pune realty market stood resilient mainly due to high demand from the IT/ITeS sectors. Add to this, property prices are relatively 'affordable' in Pune in contrast to other markets such as MMR and NCR. According to Commonfloor's Annual Realty Report. Pune witnessed the launch of about 230 projects during the year 2014 out of which 29 per cent projects were launched in west region, 23 per cent in east region, followed by 22 per cent in South and only 5 per cent in central part of the city. Data indicates

View Details

ICICI Prudential Asset Management Company's real estate fund raises Rs 600 crore

Date : Dec 24, 2014

MUMBAI: ICICI Prudential Asset Management Company has raised over Rs 600 crore through its real estate fund, according to two sources familiar with the development. ICICI Prudential Alternative Investment Fund 1 has a base target of Rs 750 crore and a green shoe option that takes its total size to around Rs 1,300 crore. This is ICICI Prudential's third such fund that will largely invest in residential projects in the top seven property markets of the country, including Mumbai .. the National Capital Region and Bengaluru. The company aims to conclude the fund raising by Marchend. ICICI Prudential will be investing in projects of leading developers through structured debt with a target of 21-23% annual returns

View Details