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  • DLF and Hubtown sell Pune SEZ to Blackstone for Rs 810 crore

    Ravi Teja Sharma, New Delhi, The Economic Times

    December 28, 2011

    Real estate developers DLF Ltd and Hubtown Ltd have sold an IT SEZ that they co-own in Pune to private equity fund Blackstone for Rs 810 crore. DLF has a 67% shareholding in the joint venture company that owns the 1.8 million sq ft SEZ in Pune's Hinjewadi area.

  • Real estate houses most PE investments in 2011, attracts $1,700 million

    Tapash Talukdar, Ahmedabad, The Economic Times

    December 23, 2011

    Real estate emerged as the popular parking place for private equity funds who invested $1,700 million in the sector during 2011. Power sector that topped the PE charts during the first six months of the year finished third with $892-million investments behind automotive sector that could attract $1006 million private equity funding.

  • PEs rake in money from realty amid slowdown

    Raghavendra Kamath, Mumbai, Business Standard

    December 22, 2011

    Amid the perception of gloom and doom in the Indian property market, here’s something to cheer about. The real estate industry has given 1.21 times, or 20 per cent, average returns to private equity (PE) investors in the past four years, compared to the global average of 0.8 times.

  • Hilton eyes 50 hotels in India in 5 yrs, to bring new brands

    New Delhi, The Financial Express

    December 19, 2011

    Hospitality firm Hilton Worldwide is aiming to operate 50 hotels in the next five years in India and launch new brands -- 'Conrad' and 'Waldorf Astoria' – in the country from its global portfolio.

  • Growth capital loses steam as venture capital picks up

    Sarika Malhotra, New Delhi, The Financial Express

    December 09, 2011

    Venture capital/early stage investments were the flavour in November as deals in this space nearly tripled over the corresponding month last year. The number shot up from 7 to 18 deals, coupled with the deal value almost doubling from $65 million in November 2010 to $127 million in 2011. On the other hand, growth capital/late stage investments increased only marginally from $461 (Nov 2010) to $492 million (Nov 2011), signalling stagnation.

  • 52% of flats in city held by investors

    Naresh Kamath, Mumbai, The Hindustan Times

    December 07, 2011

    If you’re waiting for real estate prices to fall before you buy your dream home, you just might have to wait a long time. A survey conducted by real estate research firm Liasas Foras shows that a huge 52 percent of homes have been bought by investors and not by those who need them. This means that most of the flats in the city are being held by those who want to make money from real estate.

  • Pvt capital seeks out small towns

    Sukalp Sharma & Sarika Malhotra, New Delhi, The Financial Express

    November 28, 2011

    Private equity (PE) and venture capital (VC) investments are increasingly moving towards tier-II and III cities like Pune, Hyderabad and Kochi, bypassing old-time favourites like Delhi, Mumbai and Bangalore.

  • Surprise pick Mistry to succeed Ratan Tata

    P.R. Sanjai & John Satish Kumar, Mumbai, Mint

    November 24, 2011

    After an international search and reports of well-known global chief executive officers (CEOs) being considered for the job, the Tata group decided to play it safe and picked a member of the family that has a significant shareholding in holding company Tata Sons Ltd as the successor to the group’s current chief Ratan Tata.

  • Realty giants stall mall projects

    Boby Kurian & Reeba Zachariah, Mumbai, The Times of India

    November 21, 2011

    Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes, leaving some retailers worried about their expansion plans. "There won't be many big malls, almost nothing in our reckoning, hitting the market beyond late 2012," says Sameer Sain, Founder & CEO, Everstone Capital, which owns about 14 malls through real estate funds Kshitij and Horizon. This, ironically, might coincide with India's plans to open up multi-brand retail to foreign direct investment (FDI) and allow single-brand retail operations to be 100 percent foreign owned.

  • New accounting rules to hit realty companies top lines, aims to reduce the discretion

    John Samuel Raja D, New Delhi, The Economic Times

    November 11, 2011

    In a move that will depress the top line of several leading real estate companies, an upcoming accounting change aims to reduce the discretion available to them on how to compute revenues. The accounting regulator is working on a 'guidance note' that will, for the first time, define when and how developers should recognise revenues from a project, say two senior officials of the Institute of Chartered Accountants of India (ICAI) working on the note, on the condition of anonymity.

  • Hotel Companies High On Bangalore

    Rajesh Naidu, The Times of India

    November 07, 2011

    In the past few years, Bangalore has emerged as the most preferred city by hotel companies for expansion. Hospitality majors such as Indian Hotels Company (IHC), East India Hotels (EIH) and Hotel Leela Venture have all announced plans to expand in Bangalore.

  • Proposed Real Estate Bill may tighten screws on developers

    Shishir Sinha & Moumita Bakshi Chatterjee, New Delhi, The Hindu Business Line

    November 02, 2011

    Selling a project without registering it with the proposed Real Estate Authority can soon land a developer behind bars, if it involves “criminal intent”. Also, the erring builder may be asked to cough up a heavy penalty. These provisions are part of the draft Real Estate (Regulation and Development) Bill 2011.

  • RBI makes it a dark Diwali for home buyers

    Jharna Mazumdar, Mumbai, Financial Chronicle

    October 25, 2011

    Rajeev Talwar, group ED, DLF said, “With another round of rate hike by the RBI, new home buyers will find it difficult to buy a property.” Talwar added that while end-user demand continues to be strong and the festive season response was good, he is uncertain about future demand.

  • Residential in, commercial out for real estate bigwigs

    Shubhra Tandon, Mumbai, The Financial Express

    October 24, 2011

    Lack of funds, customer aversion to striking advance lease deals and a slowdown in demand for office space have combined to push real estate developers into building more residential apartments than commercial spaces. “In the residential (market), you can pre-sell the space and customer advances can almost fully finance the actual construction,” Pirojsha Godrej, executive director, Godrej Properties, said in an interview. “But, in the commercial market, it is a difficult thing to do.”

  • Office space leasing falls 38% in July-Sept

    New Delhi, The Financial Express

    October 18, 2011

    The leasing of office spaces fell 38 percent in July-September at over 5 million sq ft in seven major Indian cities over the previous quarter due to the uncertain global economic environment, according to property consultant CB Richard Ellis (CBRE). According to CBRE’s latest report—India Office Market View Q3, 2011, the national capital region (NCR), Mumbai and Bangalore accounted for almost 80 percent of space absorbed.

  • Realtors seek PM intervention for single-window clearance

    Press Trust of India, New Delhi, Business Standard

    October 12, 2011

    In order to make property sector transparent and corruption-free, realtors' apex industry body the Confederation of Real Estate Developers' Associations of India (CREDAI) today sought Prime Minister's intervention for a single-window clearance for developing projects.

  • Metros' housing shortage seen at 1.3 mn

    New Delhi, The Financial Express

    October 04, 2011

    Housing supply is estimated to fall short of demand by 1.3 million units in seven major cities of the country during the next five years, according to a report by global property consultant Cushman & Wakefield. Cushman & Wakefield (C&W) has estimated a total demand of 2.3 million units of residential property in the next five years, while the estimated supply in the same period is expected to be approximately one million units, leaving a shortfall of over 1.3 million units.

  • Bank credit to NBFCs grows, moderates for realty sector

    New Delhi, The Financial Express

    October 01, 2011

    Bank credit to the commercial real estate sector (CRE) has seen some moderation in August while loans to non-banking finance companies (NBFCs) continue to grow at a robust pace. Bank lending to the CRE sector moderated to 15.8% y-o-y in August 2011 from 17.1% y-o-y in the previous month, data on sectoral credit released by RBI on Friday shows.

  • Bharti Realty to enter housing segment in 2015

    Rasul Bailay, New Delhi, The Financial Express

    September 30, 2011

    After striking it big with Bharti Airtel in telecommunications, Bharti group is now aspiring to be among the top three real estate companies in India in the coming years, according to a senior Bharti official. With several commercial and retail projects in hand, Bharti Realty, unit of Bharti Enterprises, is planning to enter the residential segment in 2015 with upscale homes. “Which cities to start with is yet to be decided. But it would be high-end residential wherever we do, at least in the initial stages,” the Bharti official said.

  • IndiaReit Plans 500-Cr Realty Fund

    Deepali Gupta, Mumbai, The Economic Times

    September 29, 2011

    IndiaReit Fund, a subsidiary of Piramal Healthcare, plans to raise a fund of . 500 crore starting next month to invest in commercial property. The company will also raise . 1,000 crore next year for development projects, primarily residential, its chief executive officer Ramesh T Jogani has said.

  • Realtors chant affordable mantra

    N V Vijayakumar and Umesh M Avvannavar, Bangalore, Deccan Herald

    September 29, 2011

    To lure the ever-burgeoning middle and upper middle class families, threatened by rising interest cost, real estate developers are trying to make residential apartments affordable. Termed ‘affordable housing’, such projects have become attractive mainly because thousands of buyers from middle class families buy their first home early in their career.

  • 44 SEZ Developers seek more time to implement projects

    New Delhi, Business Standard

    September 18, 2011

    Reflecting a lack of enthusiasm in special economic zones (SEZ), 44 developers, including Tata Consultancy Services (TCS) and Parsvnath SEZ, have sought more time from the government for implementing their projects.

  • RBI rate hike: Realtors warn of surge in housing prices

    New Delhi, The Financial Express

    September 16, 2011

    Housing prices are likely to go up on account of an expected rise in the developers' borrowing costs following the Reserve Bank of India's (RBI) decision to hike key interest rates by 25 basis points, but realtors do not foresee demand being dampened during the ensuing festive season.

  • Builders M3M, Lodha, Panchshil, Oberoi and others offer freebies to lure luxury home buyers

    Anuradha Himatsingka, Kailash Babar & Ravi Teja Sharma, The Economic Times

    September 13, 2011

    If buying a luxury home wasn't enough comfort, builders are throwing in free laundrette, high-tech car wash and even personalised stationery to please the well-heeled. In Gurgaon, developer M3M has recently launched homes based around the sport of Polo. Here, the developer has tied up with Polo player Adhiraj Singh, who runs Equisport Management, to offer Polo training and horse riding for home owners. Here, each apartment buyer will also be given personalised M3M Polo Suites stationery.

  • Attractive price & liquidity lure private equity firms to listed companies

    Shailesh Menon, Mumbai, The Economic Times

    September 09, 2011

    Decline in stock valuations and easier exit options are driving private equity firms to buy companies in the listed space.

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