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Indian Real Estate News : Meerut
Global property investing to reach 7-yr high in 2014
Source: The Financial Express Dec 27, 2013
Global property investing activity is set to hit a seven-year high by volume in 2014, led in part by growing confidence in financial markets and with activity in Europe and Asia expected to heat up, a report said on Friday. Property consultant Cushman & Wakefield said it sees global investment volumes rising by up to 15% next year, after climbing an estimated 8.4% to $978 billion in 2013. This would be the highest level since the year before the 2008 financial crisis when investors ploughed $1.25 trillion into property deals.

'Investments in Indian realty decline 6% y-o-y'
Outstanding investments in the country’s real estate sector were six per cent lower at R14.51 lakh crore in September 2013 as against the same month previous year, according to a study by industry body Assocham. The study also revealed there is likely to be no respite for the realty sector at least till first half of 2014.

Tata-SIA applies for NOC to civil aviation ministry
Tata-SIA Airlines have applied for a no-objection certificate to the ministry of civil aviation to start a full-service airline in India after receiving approval from the Foreign Investment Promotion Board on November 24. After it receives the NOC, the airline would have to apply to the Directorate General of Civil Aviation for an Air Operator’s Permit to commence operations.

Brigade buys Bangalore property for Rs68.83 crore
Bangalore-based real estate developer, Brigade Enterprises, has purchased a prime property measuring 2.25 acres at Hebbal, Bangalore from Hindustan Coca-Cola Beverages for a consideration of R68.83 crore, for developing a prime real estate project, company said in a filing to BSE on Friday.

Hilton Worldwide forays into Kerala market
Hotel brand Hilton Worldwide has forayed into Kerala capital Thiruvananthapuram by inaugurating Hilton Garden Inn. Hilton Worldwide has over 570 hotels globally. It will manage the 130 room hotel, which is owned by Muthoot Hotels and Infrastructure Ventures, according to a statement issued by Hilton Worldwide on Friday.

Gabriel India opens R&D centre in Tamil Nadu
Gabriel India, part of the R5,800-crore automotive group Anand, on Friday announced the setting up of its new R&D centre at Hosur in Tamil Nadu. The unit will cater to the two wheeler business segment and is equipped to develop a wide array of suspension products. The R&D centre will encompass functions such as product & process design, prototyping and evaluation. It also has a similar facility for passenger and commercial vehicles in Pune.

MOIL production dips 2.44% during Apr-Nov
Hit hard by rains, the output of state-run manganese ore producer MOIL has dipped by 2.44% to 6.7 lakh tonne in the first eight months of the current fiscal, 2013-14. "...the monsoon during 2013 had set in earlier than the normal anticipated date and this region had witnessed unprecedented and incessant heavy rains right from June until first week of October," a MOIL official said.

Nalco gets 'excellent' rating after five years
The Nalco has acquired 'excellent' rating for its performance in 2012-13 from the government. The Central sector PSU had achieved the rating last time in 2006-07. A Nalco spokesperson said that the company has got 'excellent' MoU score of 1.5 by the union department of public enterprises for its performance in 2012-13. Nalco has also been rated as 'excellent' with a score of 97.5 for compliance with guidelines on corporate governance for CPSEs.

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