Category Archives: Real Estate & Properties

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RMZ, DLF, Embassy-Blackstone may rush for REIT listings

With the finance minister providing taxation clarity on real estate investment trusts (REITs) in the budget on Saturday -2015 budget, a host of real estate players are expected to rush for REIT listings. Major players such as DLF, Embassy-Blackstone, RMZ Corp, Kotak Realty Fund and Red Fort Capital, who have built-up rental assets over the […]

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Amazon finalizing a 1.3 million sqft office deal with Bagmane

E-commerce giant Amazon is finalizing a 1.3 million sqft office lease deal in Bengaluru with IT park developer Bagmane, in a bid to keep pace with its fast paced growth in India, multiple sources briefed on the matter said. One of the largest office lease deals in recent past is awaiting a formal sign off […]

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India’s Ultra-rich invests 50% of wealth in realty

The world’s richest are lapping up properties in the world’s most expensive cities, pushing up prices of luxury homes, so much so that $1 million (roughly Rs 6 crore) will buy you only 1,033 square feet of prime property in Mumbai. One can buy 96 square metres of prime property in Mumbai for $1 million compared […]

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Bengaluru, Karachi-cheapest cities to live in: Survey

Silicon City Bengaluru and Pakistan financial city Karachi have emerged as the world’s cheapest cities to live-in according to a global survey in London. The sub-continent as a whole offers the best value for money, with Mumbai, Chennai and New Delhi also being ranked on the lower end of the ‘Worldwide Cost of Living Report […]

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Bengaluru allows helipads atop 20 high-rise buildings, residential towers

As Bengaluru’s elite look skywards for a way out of the city’s traffic congestion, 20 high-rise buildings, including 10 residential towers, have been given clearances to have helipads for commercial and personal use. Bengaluru currently has only one operational helipad on a high-rise, atop ITC Royal Gardenia, while Mumbai has four, the most famous of […]

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Goldman Sachs inks $300m deal with Bengaluru’s Nitesh Estates

Wall Street bellwether Goldman Sachs is set to invest $300 million (Rs 1,850 crore) into a joint venture company floated by listed developer Nitesh Estates, which will own and operate commercial real-estate assets in India, people directly aware of the matter said. Goldman will hold 74% and Bengaluru-based Nitesh Estates 26% in the JV entity.It […]

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Sobha Group founder P N C Menon to launch Rs.25,000 crore Realty project in Dubai

NRI-billionaire and realty major Sobha Group founder P N C Menon is scripting a $4 billion or Rs 25,000 crore real estate play in Dubai, which will see himMenon is developing 13 million sqft of residential, commercial, hospitality , and retail spaces on a 183-acre land parcel that’s located three kilometers away from Dubai’s iconic […]

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Top Hotel chains like Leela, Shangrila, Ritz Carlton, go for management deals over investment in properties

Hotel chains, both global and Indian, are increasingly opting for management contracts rather than to invest in properties in the country due to factors such as high cost of funds and project delays. While global chains, such as the UK’s InterContinental, Accor of France and Dubai-based Rotana Hotels, Shangrila, will open most of their new […]

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E-commerce drives demand for warehousing and office space

Demand for warehousing and office space picked up in 2014 on the back of growth in e-commerce segment that led to increased leasing by e-retailers, property consultant CBRE said today. “Almost 25 per cent of the total warehousing/logistics space uptake across the country in 2014 was by e-retail players, while the uptake of logistics space […]

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Realty Awards for Excellence

The 6th Realty Plus Conclave & Excellence Awards (South) 2014, held at Hotel Royal Orchid, Bangalore in September 2014, was a glittering event that witnessed the best of the real estate fraternity coming together on a single platform.  The evening had a fitting finale with the 6th Realty Plus Excellence Awards (South) rewarding the best […]

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Bengaluru to see highest office space absorption in 2015

The country’s IT capital is expected to see the highest office space absorption among the key cities of India next year, says the latest office report by global real estate consultancy firm Cushman & Wakefield. The total estimated Grade A office space absorption in India is expected to be approximately 36.8 msf (million square feet) […]

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Azim Premji invest 70 crs in Total Invironment

Azim Premji PE Firm Invests Rs.70 cr city based property developer Total Environment. Private equity firm Premji Invest has invested  70 crore in Bengaluru-based property developer Total Environment in its first bet in real estate that underlines the potential of the sector as Asia’s largest family office, owned by IT company Wipro’s billionaire chairman Azim Premji, […]

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Mantri Developers launches senior living project

Bengaluru-based Mantri Developers has announced the launch of its first residential project for senior citizens – Primus Eden – a state-of-the-art luxurious residential community for seniors at Kanakapura Road, Bengaluru. The project Primus Eden offers seventy five fully furnished residential units spread over 4.5 acre campus. “These living units have been exclusively designed for seniors […]

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Bangalore hardware park to have an exclusive Taiwanese zone

A 1,100-acre hardware technology park of the Karnataka Government, near the Bengaluru International Airport, will have a facility dedicated to Taiwanese companies. The project is expected to be cleared by the State Government in about a fortnight when the State High-Level Clearance Committee on major projects meets. The hardware park has been on the cards […]

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Taking a home loan? here’s a checklist

Home loans not only help you realize your dreams of buying that house you have always wanted but also help save tax. But sometimes, the procedure of applying and getting a home loan can be complicated and frustrating. To avoid hassles and save cost, you must choose the right home loan. Here are 7 tips […]

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Reasons why we buy property in festive season

Why do we Indians see such deep significance in buying a home during the festive season? Is it really only about the freebies and schemes that some developers offer? This is a myth which needs to be debunked. To understand the real basis of this traditional trend, one needs to grasp the key concepts behind […]

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Bangalore the place to be: Home-Bound NRI Doctors

After the technology industry, it’s the health sector in Bangalore that is witnessing a reverse brain drain. Across fields — nephrology, general medicine, pathology, orthopaedics and oncology — doctors are returning to India in general and Bangalore in particular. On an average, big medical hospital chains get 8-10 applications a month from Indian doctors in […]

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Bangalore sees robust supply of residential units

Bangalore has witnessed launch of 13,200 units, accounting for the highest share of 30 per cent of the launches across the top eight cities during Q3 of the year. It was the only city to register over 10,000 unit launches for the third consecutive quarter in the year. With this, the number of launches in […]

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Bangalore corners 42% of Rs 4,716 crore realty funding

BANGALORE: The country’s IT capital has attracted the lion’s share of private equity (PE) investments in the real estate sector, approximately 42% of Rs 4,716 crore (roughly $755 million) of the investment that has flowed in between January and September this year. Bangalore has outpaced all other metro markets, attracting three times the share of […]

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Sobha steals the show at cnbc awaaz real estate awards

Sobha Developers has bagged ‘Builder of the Year’ award at the CNBC Awaaz Real Estate Awards 2013, an event considered to be the most credible real estate awards. This is the second time in a row that the company is being bestowed with the top-most honour by CNBC Awaaz. Last year, the company received the […]

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