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Dutch property manager ING Real Estate plans to invest in India, Turkey, Europe and the Americas to meet demand and benefit from relatively high returns. The real estate unit of financial services division of ING Group, which managed 94.4 billion euros ($130.2 billion) in property globally as of March 31, plans to invest 0.5 to 1 billion euros in ...

In a move that is expected to bring transparency to the real estate market, finance minister P Chidambaram launched the official Housing Price Index, developed by India's home loans regulator, the National Housing Bank. Named as NHB Residex, the index has been introduced as a pilot for five cities-Bangalore, Bhopal, Delhi, Kolkata and Mumbai. ...

Berggruen Holdings is a private company, with interests in private equity, stocks and bonds, hedge funds, art and real estate. Berggruen Holdings is a New York-based fund which manages proprietary capital worth over $1.5 billion, plans to invest over $300 million in India over the next three years in hospitality, real estate, education, ...

UAE-based Phoenix Group Global, a major player in hospitality, realty and floriculture sectors is will make its presence felt in India by investing an additional Rs.1500 crore in the hospitality and realty sectors in a couple of years. The group is setting up a deluxe five-star business hotel at Whitefield in Bangalore at a cost of Rs.100 -150 ...

ITC's subsidiary hotel company Fortune, which addresses the mid-segment, has announced plans to set up its own hotels. Under its Fortune brand, the hotel chain sets up properties with local partners, offering only management and operations support. According to Pawan Verma, executive vice president of operations at ITC hotels, Fortune Park ...

 ICICI Prudential Mutual Fund recently launched its real estate securities fund, which is the first real estate mutual fund in India. The new fund offer is open for subscription from November 15 to December 14, 2007. The fund will invest 51 per cent of its portfolio in high-yielding debt securities issued by real estate companies. The scheme ...

 In the first of its kind among property consultants, the UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund. According to sources the offshore fund will raise investments from high net worth individuals and other investors from the UK and will have an investment threshold of $0.5 million and above. ...

There is a net shortage of 25.90 lakh sq feet of government office accommodation in Delhi alone and 20.12 lakh sq ft in other major cities, according to a report prepared by the Urban Development Ministry. In Kolkata, the demand for government office accommodation is 20,74,653 sq ft but the availability is only 13,79,402 sq ft. Similarly at ...

Bangalore-based Royal Orchid Hotels (ROHL) is expected to put hold on the launch of its first budget property in the city, located just off the arterial MG Road, reports Business Standard. ROHL  earlier announced plans to set up 50 budget hotels, under the name Peppermint, across the country by 2010. Each will have around 60-100 rooms with ...

The popularity of malls has attracted the attention of the hospitality sector as well. With the rising costs of real estate, hotels are now looking to rent space in malls and other commercial complexes. Accor Hotels and Ginger Hotels are in talks with mall developers to build Formulae 1 brand of budget hotels at the top floors of malls in tier I ...

The Grand Nirvana Resort in India joins RCI, a global leader in leisure real estate. This addition has made RCI Group, the International leader in vacation exchange, as now it has 72 affiliated resorts in India. The RCI Group is proud that Grand Nirvana, a new resort in Allepey, Kerala, has selected RCI to support its vacation exchange. ...

Realty focused private equity funds are committing big money, when it comes to project financing. And so far JP Morgan's USD 360 has made its largest investment so far in an IT park in Navi Mumbai. The fund will invest Rs 100 crore or over USD 25 million in the development. It is said that JP Morgan's property fund will buy 40% in the 4.5 ...

According to the study conducted by HUDCO-IIM Ahmedabad every rupee invested in the real estate sector adds 78 paisa to the state's GDP. The sector will grow from $12 billion in 2005 to $90 billion in 2015. And majority of the growth is expected to come from the housing market. Although the average age for ownership is 32 years now as compared ...

The biggie of the real estate sector wants to grow bigger, as DLF Ltd plans to borrow $1.5 billion overseas to fund new projects and acquisitions in the next 30 days. It will spend half of the money on buying shares in DLF Offices Trust, a Singapore based entity. The Senior Vice President Mr Saurabh Chawla remarked that ...

For the poor and unprivileged section of Indian Society owning a pucca house still remains a dream. Whereas the World Bank report of April 2007 shows the amazing impact of replacing dirt floors by cement floors in Mexico, adults reported 69 percent higher satisfaction and children's educational development improved by up to 96%. And in India ...

So you have seen advertisements from commercials to billboards. Now advertisers are looking at your skin to place their ads! Look at how this Orange County based company is getting venues to let advertisers on their customer’s hands. This is a new form of advertising and is completely different from the television commercials and magazine ...

Going by this News which appeared in CNN Money, it looks there is something really BIG waiting for Bangaloreans, do you have any information about this, pleas share with us out here, just enter you name and put all that you have to say about this. any related links are most welcome."India's DLF Ltd said it has won a contract for a ...

Sobha Developers Ltd has announced that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana. This is an addition to the list of integrated township projects already launched by the Company in Kochi and Thrissur. The ...

Joining the big league of property developers who have ventured into hospitality, Mumbai-based Phoenix Mills has said it will set up a 30-storeyed luxury hotel at Lower Parel, Mumbai. A subsidiary - Pallazzio Hotels and Leisure - will develop the property, while Hong Kong-based Shangri-La will manage the hotel. The property - to be named The ...

US-based Ixia , a provider of performance test systems for IP-based infrastructure and services, today opened a research and development and customer support centre in Bangalore. The facility would work on development of next generation IP performance testing solutions and act as a certification lab besides providing customer support ...

CHENNAI: Cognizant Technology Solutions said it will invest an additional $100 million in India, taking its total investment in the country to $300 million over the next two years. The IT and BPO major said the additional investment will be used to expand its new Chennai campus — located in a special economic zone — which ...

BANGALORE/MUMBAI: Mukesh Ambani-led Reliance Retail is vying for Hindustan Unilever’s (HUL) real estate assets in Bangalore, which is on the block. Also in the race are real estate majors DLF, Hiranandani and Nitesh Estates. The 28-acre property at Brookefields, located in the heart of the city’s IT corridor, is expected to ...

INDIA will feature prominently in Sunway City Bhd's (SunCity) regional expansion plans as the country offers ample opportunities for developers to partake in the unprecedented growth in the real estate sector. Its sheer size and growth prospects make India's property market attractive to many foreign developers, including those ...

New Delhi, India, July 07, 2007 - Indian real estate major Unitech Ltd has announced the launch of a premium residential project, Unitech Grande, in Noida. Unitech Grande is a premium lifestyle destination offering super luxury apartments in sylvan surroundings across 347 acres of prime land. Unitech Grande is located on the premium ...

New Delhi: The Housing finance regulator, National Housing Bank has launched index much like the BSE benchmark Sensex to track the price movement of real estate particularly residential housing for five cities. Finance Minister P Chidambaram launched the index called the NHB Residex for five cities- ...

BANGALORE, JUNE 22:  S Gopalakrishnan on Saturday took over as Chief Executive Officer of Infosys Technologies Ltd from Nandan M Nilekani, who assumed charge as Executive Chairman of the Bangalore-based IT major.   Shareholders approved senior management changes -- announced by the Board of Directors in April -- in the 26th ...

Bangalore, India, June 14, 2007 - India’s first 24-hour premium TV Channel dedicated completely to real estate---is all set to be launched next month. This was announced here by the channel’s promoter, Mr Manoj Namburu, CMD of Alliance Group, a Rs.4400-crore enterprise. He said though the channel was promoted by the Alliance ...

Chennai, May 25: Mantri Developers Pvt. Ltd., a well-known name in Bangalore real estate world, has signaled its foray into Chennai by announcing its maiden real estate venture here. The inaugural project in Chennai will come up at Padur on the Old Mahabalipuram Road. Christened Mantri Synergy, the project will come up on a 10-acre land. It will ...

GE Commercial Finance is planning to increase its exposure in the Indian market. The company, which is registered as NBFC (non-banking financial institution) in India, is targeting an asset base of over $8 billion by 2010 from less than $4 billion at present. The financing behemoth is betting on real estate, aviation, infrastructure and energy to ...

While the retail investor in India is increasingly becoming sceptical about investing in the volatile equity market at current levels, NRIs are taking a contrarian view on the same. The NRI community, which till a few months ago was pulling out money have invested nearly Rs 100 cr, in less than 2 months of the current calendar year (CY07). Experts ...