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Kolkata sees 15-20% rise in the commercial realty deals in 2 months on govt push
Source: The Economic Times Sep 26, 2016
Only 5% of the 0.3 million square feet of new inventory in mall space is lying vacant in Kolkata Chief Minister Mamata Banerjee's calls to set up businesses in the state seem to have started getting responses with commercial space deals clocking a 15-20% rise in number in the last two months.br>
The biggest deal in the commercial realty space was Fosma's 30,000-sq realty space was Fosma's 30,000-sqft space in Salt Lake.br>
... more
Brick and mortar giving a spin to retail sector
Source: Financial Chronicle Sep 22, 2016
There are many benefits that B&M businesses or business components have over purely internet-based services ... more
Indiabulls Housing Finance raises 7,000 crore via bonds
Source: The Economic Times Sep 17, 2016
Top-rated Indiabulls Housing Finance has foreclosed its public bond sales on Friday, the second day since its opening as institutions rushed to buy the securities amid falling interest rates. But, the issue fell short of attracting retail investments in full as over three-fourths of the limit for retail section remained unsubscribed till its close. The company received bids for 505.33 crore against 2,100 crore allotted. For institutions, it saw an oversubscription up to 4,605 crore versus 1,400 crore, earmarked for the specific class of investors. ... more
Sebi to auction Tower Infotech's properties next month
Source: The Economic Times Sep 17, 2016
To collect funds for repayment to investors, markets regulator Sebi will next month conduct an auction of three properties of West Bengal-based Tower Infotech Ltd, which had garnered money through illegal pooling schemes. ... more
CM to inaugurate CREDAI’s ECGC conclave
Source: The Times of India Sep 16, 2016
CREDAI Pune Metro is organizing the biggest Executive Meeting & Governing Council (ECGC) Conclave on 16 & 17th Sept 2016 at Hotel Westin. The Chief Minister of Maharashtra Devendra Fadanvis will inaugurate and Guardian Minister of Pune Girish Bapat will preside over. ... more
Mount Hill Realty ties up with Indiabulls Distribution
Source: The Times of India Sep 15, 2016
MountHill Realty ties up with Indiabulls Distribution as its marketing partner to sell approx. 1600 apartments and creates another milestone; the MountHill Family continues to grow in strength; over 100 units sold in 2 months of association! ... more
Ponneri - A promising point
Source: The Times of India Sep 13, 2016
Ponneri is an important destination in the property sector with increased employment opportunities around it. ... more
Zooming in - Working it out wisely
Source: The Times of India Sep 13, 2016
Investors are keen on both, rental returns and sale proceeds. Here's what will help you read the market better. ... more
City lights
Source: The Times of India Sep 13, 2016
Buyers need not consider only remote areas to purchase a reasonably priced apartment, they can search for options in the city. ... more
Tata Steel declared global industry leader in steel sector
Source: The Economic Times Sep 12, 2016
Tata Steel has been declared as the global industry leader in the steel sector by the Dow Jones Sustainability Index (DJSI) assessment for the year 2016 out of a list of more than 20 global steel majors who participated in the DJSI assessment. Tata Steel scored 81% in the assessment, an improvement from last year's score of 80%. ... more
Brookfield set to buy majority stake in Reliance Communication towers; Anil Ambani to stay on as minority partner
Source: The Economic Times Sep 09, 2016
Brookfield, the world's 2nd biggest manager of alternative assets like real estate and private equity from Canada, is closing in to buy a majority stake in Anil Ambani's telecom tower business, said sources aware of the developments. ... more
Smart windows for smart living
Source: The Times of India Sep 07, 2016
With the advent of new technology, many are opening up to the idea of incorporating automation in their homes, making it a regular feature. ... more
‘CAI expo, a credible platform for buyers, sellers’
Source: The Hindu Business Line Sep 02, 2016
CAI Expo 2016, one of the largest business-to-business exposition in the construction, architecture and interiors space, organised by BusinessLine, got off to a scintillating start with a pre-launch event here on Thursday. ... more
Indian retail space under-penetrated by global brands: JLL
Source: The Economic Times Sep 02, 2016
Indian retail space remains under-penetrated by global brands and is now emerging as an attractive destination for global retailers with further liberalisation of the FDI policy and creation of business friendly environment. Indian cities including Mumbai, Bengaluru, Delhi, Chennai and Pune are among the top 10 cities with highest retail sales growth forecast between 2015 and 2019, according to a JLL India report. ... more
Keys Hotels hires new staff at senior levels
Source: The Economic Times Sep 02, 2016
Keys Hotels, a brand by Berggruen Hotels funded by Berggruen Holdings, a New York-headquartered proprietary fund has appointed Zahid Memon as director information technology, Lester Dmello as head of human resources and Apoorv Bhatt - as corporate chef, Berggruen Hotels. ... more
Will UltraTech sustain its lead?
Source: The Economic Times Aug 29, 2016
This month’s approval by Competition Commission of India (CCI) to acquire the Jaiprakash group’s 21.1 million tonnes (mt) of cement assets will catapult the Aditya Birla Group’s UltraTech way ahead of its close competitor, Switzerland-based LafargeHolcim. On completion, the acquisition would see UltraTech’s cement capacity cross 91 mt, significantly widening its lead over LafargeHolcim, which controls ACC and Ambuja Cements. However, it is not this acquisition that has put UltraTech in the top slot but its aggressive growth strategy in the past decade. ... more
Mumbai Metro: A better ride for commuters
Source: The Financial Express Aug 29, 2016
That’s not to say the city’s first metro line hasn’t proved to be a boon for more than 15 crore people who have used it since operations began. (Reuters) That’s not to say the city’s first metro line hasn’t proved to be a boon for more than 15 crore people who have used it since operations began. (Reuters) ... more
Real Estate Regulatory Act will boost FDI in the sector, says FICCI study
Source: The Economic Times Aug 25, 2016
The recently cleared Real Estate Regulatory Act (RERA) will bring in transparency in real estate transactions, reducing the number of litigations in the sector, according to a survey-based report by FICCI and Grant Thornton. ... more
Government allows cancellation of 4 SEZ projects
Source: The Economic Times Aug 25, 2016
The government has given go-ahead for the cancellation of projects to four special economic zones (SEZ) developers including those of Broadway Integrated Park and Veritas Infrastructure Development. ... more
Heard about 'Book your home and fly to Rio' offer?
Source: The Times of India Aug 18, 2016
Tata Housing, one of the fastest growing real estate companies in India, today announced the ‘Book your home and fly to Rio’ offer on its project Rio-De-Goa, launched in 2015 amidst much celebration. Home buyers who book apartments at Rio-De-Goa before 31st August 2016, can avail return tickets to Rio de Janeiro, the ultimate carnival destination. Bookings are open online now at Rs. 30,000 for 2 and 3 BHK residences starting at Rs. 67 lakh onwards. ... more
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