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| Axiom
in News |
| Axiom
starts India operations
UK's property services player Axiom
Estates today launched its India -operations to offer
cross-city property purchases in India to its clients.
The company has tied up with leading developers in
the country like DLF, Ansals, Hiranandani, Rahejas,
Puravankara and Unitech for the purpose.
(Statesman,
May 6, 2008) |
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| Axiom
Estates launches India operations, survey
Axiom Estates today launched its
global property services in India and released an
in-depth research report on the current demand and
supply scenario of the Indian residential real estate
market.
(Tuesday,
May 6 2008, webindia123.com)
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| Realty
Show, On a Foreign Stage
Mahul Brahma &
Rajesh Unnikrishnan
With liberal norms opening the doors
for offshore investment, Indian buyers are rushing
to buy properties abroad.
(Economic
Times, April 23, 2008)
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| Even
until the turn of the millennium, NRI investment in
Indian real estate was a trickle. Some promoters would
appoint a part-time local representative in cities
with large Indian populations. The more enterprising
ones would occasionally participate in an exhibition
where there would more questions than answers. For
the 20 million Indians spread across the world, India,
as a real estate investment destination, was far away.
You bought property there if you had to. And prayed
that your money and property would be safe.
(India Today Buyer’s Guide,
Oct 2007 – March 2008 Edition) |
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| Heaven
on hold as Goa awaits its fate
Telegraph,
November 17, 2007
Britons love
it for the beaches, winter sun and its house prices
– but is it a safe investment? Ginetta Vedrickas
investigates.
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| Realty
Trends |
| Nirmal
in talks with FIIs, PEs to raise $800 mn
Rajesh Unnikrishnan
Leading foreign
and Indian institutions including Deutsche Bank, Lehman
Brothers, Goldman Sachs, ICICI Venture and HDFC Realty
are in talks with Nirmal Lifestyle, a real estate
developer in Mumbai, to buy a stake in some of its
property projects.
(6
May, 2008, Times News Network) |
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| Omaxe
ties up with Thai firm for spa franchise
Real Estate
Company Omaxe Ltd said it has tied up with a Thailand-based
company, Thai Privilege Consultant Company, to set
up a spa franchise in northern India.
(5
May, 2008, REUTERS) |
| DLF
setting up JV co with Italian major Piquadro
Sanjeev Choudhary
Real estate
developer DLF is learnt to be setting up a joint venture
company with Italian leather and luggage accessory
major Piquadro to hawk its products in India. This
is part of the real estate major's retail strategy
to bring in some of the world's leading premium brands
across categories into the country.
(5
May, 2008, Times News Network) |
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| Land
deals at prime locations in metros losing its sheen
Sanjeev Choudhary &
Rajesh Unnikrishnan
The soaring
land deals in prime location of metro cities, which
had scaled astronomical levels in the past few years,
seem to be losing steam. The deals being struck this
year are at an increasingly lower prices than the
ones last year.
(3
May, 2008, Times News Network) |
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| Emaar
SPVs to get $800 mn PE funding
Sanjeev Choudhary
Goldman Sachs,
Deutsche Bank and one more financial investor are
likely to make a combined investment of $800 million
in three special purpose vehicles (SPVs) which are
being created by real estate group Emaar MGF. Each
SPV will have one financial investor who will hold
a minority stake.
(1
May, 2008, Times News Network) |
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| Delhi |
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| Floor
rates for NCR realty may rise 30%
Rajat Guha
NEW DELHI: Get
ready to shell out more stamp duty while buying real
estate in the National Capital Region (NCR). The NCR
board is likely to hike the minimum floor area rates
(circle rates) for property transactions in and around
the Capital by 20-30%.
(7 May, 2008, Times News Network)
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Mumbai |
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Nirmal
Lifestyle plans $5 bn investment for townships
MUMBAI:
Real estate developer Nirmal Lifestyle said on Monday
it plans to set up five integrated townships at a
cost of about $5 billion over 10 years.
(5 May, 2008, REUTERS)
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Mumbai
flat sold for Rs 27cr
Nauzer Bharucha
MUMBAI: The
residential property market may be in slow gear and
home prices beyond the reach of the common man, but
freak sales of premium apartments at astronomical
prices continue to generate considerable interest.
(30 Apr, 2008, Times News Network)
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