The Mumbai-based real estate developer announces a strategic platform partnership for the development of over 2.3 million square metres (approximately 25 million square feet) in Pune. Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, today announced that it has entered into an equity investment platform in partnership with
Air India Announces Plans to Sell Property and Land
June 5, 2017 by
According to an article in business-standard.com, Air India is planning to sell land and property located across the country. Apparently, the plan is to sell airport locations and airline offices and other real estate assets in cities which are situated in prime locations but which aren’t considered to be caught assets.
Trump Organization Signs Indian Real Estate Deal
November 18, 2016 by
Trump Organization recently signed a deal with real estate firm Unimark Group for a residential project in Kolkata, and the group is in talks for a second project in Pune.
India’s Real Estate Deals Fall by 82% in Third-Quarter
November 17, 2016 by
The total number of real estate transactions by volume for the first nine months of 2016 dropped by 42% year-on-year to reach $1.4 billion. This is in spite of the high level of interest shown by institutional investors, according to an article in the Economic Times.
Property Developers in India May Face Challenging Time
September 13, 2015 by
According to Moody’s Investor’s Service, the largest property developers in India will continue to face challenging times during the next 12 months due to flat sales and stagnant prices, and weak cash flows. However the article in Economic Times does point out that in spite of these difficulties, solid economic growth in India at this
Report Shows Real Estate Bubble in India Is Beginning to Burst
July 23, 2015 by
A recent report by Ambit Capital shows the real estate market in India is beginning to decline. Property prices have fallen by between 7% and 18% in the largest cities in the country over the past year. Apparently property prices in Delhi could have gone down by as much as between 20% and 25% over
Indian Real Estate Welcomes the Trend of Townships
February 14, 2014 by
Over the years, India has benefitted immensely from urbanization and industrialization. Now with the increase in population, there has been a tremendous rise in demand for real estate and infrastructure.
Tata Group to Invest Billions: New CEO Proclaims New Thrust
January 3, 2013 by
According to news from the Wall Street Journal this morning, the new Chairman of mega conglomerate Tata Group announced in a letter to employees his company’s intentions to invest some $8.3 billion over the next two years. According to the report by Santanu Choudhury, the investments will be broadly dispersed across Asia, Latin America, Africa, and Latin America.
iProperty Group: A Model for Online Success
August 3, 2012 by
Looking to Asia for a chance to emulate good innovation, may not be a bad idea for some American real estate companies. One company, iProperty Group has established a finely meshed network where none previously existed in Asia. With 18 property websites throughout Asia and the Pacific, this company actually launched the very first regional commercial property website. But CommercialAsia.com is not the “end all” where Asian property online is concerned.
Study Shows Indians Prefer Previously Owned Property
May 14, 2012 by
According to a recent study, when house hunting most Indians prefer to choose a previously owned property over a brand-new home. The survey by Track2Realty found three quarters of property buyers are currently in negotiations to purchase previously owned homes.
