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Indian Real Estate News : Bangalore
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Element Capital to raise $1 bn fund for low-cost housing
Source: ET Bureau Feb 13, 2013
Real estate-focused private equity firm Element Capital is in the process of launching a billion-dollar (about 5,400 crore) fund that will invest in low-income housing, as it looks to take advantage of a resurgent property market. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india
Provident Housing Ltd forays into Mangalore
Source: PTI Feb 11, 2013
Provident Housing Ltd, a wholly- owned subsidiary of the real-estate developer Puravankara Projects LtdBSE 2.10 %, is foraying into Mangalore with the launch of its property 'Skyworth'. ... more
Tag: india real estate, bangalore properties, bangalore real estate
Bangalore-based Century Realty’s debenture default triggers panic in sector
Source: ET Bureau Jan 29, 2013
Many well-heeled investors pouring money into real estate bonds to get a higher return from a secured investment have been taken aback by the first default in a property debenture since the turbulent days of 2008-09. ... more
Tag: india real estate, bangalore properties, bangalore real estate, Century
Amplus Realty Fund makes first investment in Bangalore-based developer Assetz Homes
Source: ET Bureau Dec 10, 2012
Amplus Realty Fund has formed a joint venture with Bangalore-based developer Assetz Homes to invest over Rs 110 crore through equity investment, debt and customer advances. The joint venture will develop a mid and high-end residential project in Bangalore, the fund said in a release. ... more
Tag: Indian real estate, property in india, century real estate, bangalore real estate
Xander to buy Ozonegroup's retail and hotel project for Rs 350 crore
Source: ET Bureau Nov 16, 2012
Private equity firm Xander Group is acquiring a 1.2 million-sq ft retail and hotel project of real estate developer Ozonegroup for about 350 crore, a person familiar with the deal told ET. ... more
Tag: india real estate, bangalore properties, bangalore real estate
Bangalore's residential realty market defies downturn
Source: TNN Nov 09, 2012
The city's residential real estate market continues to remain robust and has bucked the slowdown that's being felt in Mumbai and the National Capital Region. Bangalore is seen to be holding out because of more realistic pricing and end-user demand. ... more
Tag: india real estate, bangalore properties, bangalore real estate
PE firm Blackstone inks India's biggest commercial real estate acquisition deal
Source: ET Bureau Oct 18, 2012
US private equity firm Blackstone has inked India's biggest commercial real estate acquisition deal, which will give it 50% stake in a Bangalore builder-owned portfolio of three business parks for $200 million (over Rs 1,000 crore). ... more
Tag: india real estate, bangalore properties, bangalore real estate
Bangalore property market surpasses Mumbai, Delhi and Chennai with 140 per cent growth
Source: ET Bureau Oct 16, 2012
Bangalore has outpaced bigger property markets such as Mumbai, Delhi and Chennai with 140% growth in the quarter to June over the year-ago period, even as sales in most other cities stagnated or even plummeted. ... more
Tag: india real estate, bangalore properties, bangalore real estate
Godrej Properties gives up plan to buy HDIL’s Bangalore plot
Source: ET Bureau Oct 08, 2012
Mumbai-based developer Godrej Properties BSE -1.38 % has suspended talks with the promoters of Housing Development and Infrastructure (HDIL) for buying a 14-acre plot in Bangalore due to pending regulatory approvals , three persons familiar with the matter told ET. ... more
Tag: real estate of india, bangalore real estate, godrej properties
Godrej Properties launches residential project in a joint venture with Fardeen Khan
Source: ET Bureau Oct 05, 2012
Godrej Properties BSE -1.52 % on Thursday launched a Rs 100-crore residential project in Bangalore in a joint venture with actor Fardeen Khan and his sister Laila. ... more
Tag: real estate of india, bangalore real estate, godrej properties,fardeen khan
Shriram Properties buys land from Citi group for Rs 101 crore
Source: ET Bureau Sep 18, 2012
Real estate developer Shriram Properties has bought prime land parcels in Bangalore's Sarjapur and Hyderabad's Shamirpur from the Citi Group for Rs 101 crore. "The land was a mortgage to Citi Group and was sold at a discounted rate to Shriram Properties as the borrower failed to service the loan," says a person having direct knowledge of the transaction. ... more
Tag: india real estate, bangalore properties, bangalore real estate, Shriram properties
Vatika to invest Rs 250 crore to open 14 more business centres
Source: PTI Sep 16, 2012
Realty firm Vatika Group plans to invest about Rs 250 crore in the next five years on expansion of its business centre venture, which provides fully-furnished office space and other services to clients. Vatika ... more
Tag: Indian real estate, property in india, Vatika Group, Bangalore properties
Century Real Estate raises Rs 40 cr from Reliance Capital
Source: ET Bureau Sep 12, 2012
Bangalore-based builder Century Real Estate has raised Rs 40 crore from Reliance Capital and will raise another Rs 160 crore from the Anil Ambani promoted firm for its upcoming residential projects. "The deal was closed last week and will be a structured transaction, which includes private placement of non-convertible debentures (NCD) and equity component," sources said. ... more
Tag: Indian real estate, property in india, century real estate, bangalore real estate
Bangalore is a growing retail hub: Kumar Rajgopalan, CEO, Retailers' Association of India
Source: TNN Sep 01, 2012
High-street shopping destinations have emerged across residential areas in the city. This concept of mixed land use has resulted in micro markets being created within the city. In this chat with Kumar Rajgopalan, CEO, Retailers' Association of India, Deepti Ganapathy finds out more about this growing trend ... more
Tag: india real estate, bangalore properties, bangalore real estate
Koramangala's young investors prefer gold and gold-based savings schemes despite volatility in prices
Source: ET Bureau Aug 29, 2012
Despite volatility in gold prices, jewellers in Koramangala are seeing a rise in demand for gold coins and bars by 40-45 percent. Jewellers are betting big on lucrative schemes to encourage investment in yellow metal. ... more
Tag: india real estate, bangalore properties, bangalore real estate, koramangala
In 1985, Koramangala realty agents worked like sharks: Uma Pai, Uma's Realty
Source: ET Bureau Aug 29, 2012
Uma Pai, mother of three kids, dared to venture into real estate by starting Uma's Realty. After 25 years, her company registers an annual turnover of Rs 2 crore. In an interview with Rashi Varshney, she tells all aspiring women entrepreneurs to believe in themselves. Edited excerpts: ... more
Tag: india real estate, bangalore properties, bangalore real estate, koramangala, uma realty
IIM-B, Century real estate tie up for research
Source: www.indianrealtynews.com Jul 28, 2012
Realty player Century Real Estate and the Indian Institute of Management Bangalore, have inked a MoU for setting up the IIMB-Century Real Estate Research Initiative. The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross- disciplinary research on the Indian real estate sector ... more
Tag: india real estate, bangalore properties, bangalore real estate
Giant leap for hiring: Facebook, Amazon lease space in Bangalore, Hyderabad
Source: ET Bureau Jul 27, 2012
Some of the world's biggest technology companies have booked acres of office space in Bangalore and Hyderabad, real estate agents said, indicating that investments are proceeding apace in the software sector despite a generally gloomy mood for businesses. Facebook, Amazon, Xerox and chipmaker AMD are among the companies that have leased office space in India's technology capital Bangalore, or in Hyderabad ... more
Tag: india real estate, bangalore properties, bangalore real estate, facebook in bangalore
Brigade, GIC buy HUL Bangalore plot for Rs 125 crore
Source: ET Bureau Jun 28, 2012
Real estate developer Brigade Enterprises and the Government of Singapore Investment Corporation have jointly bought a piece of prime land in Bangalore's Whitefield from Hindustan Unilever for Rs 125 crore. ... more
Tag: india real estate, bangalore properties, bangalore real estate
Bangalore realty market attracts HNIs
Source: economictimes.indiatimes.com May 10, 2012
The residential real estate market in Bangalore has emerged as an attractive investment proposition, with high net worth individuals attracted by the city's stable demand outlook and attractive pricing, mention a recent report by CBRE. ... more
Tag: Real estate in bangalore, property in bangalore, bangalore properties
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