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  • PE firms sitting on $20 billion meant for India investment

    Paramita Chatterjee, New Delhi, The Economic Times

    April 27, 2011

    Private equity firms are sitting on at least $20 billion of uninvested capital or dry capital that can be deployed in India as deal activity picks up and the economic recovery gains pace across the country.

  • Realtors eye Rs 1,000 crore from PE funds

    Jharna Mazumdar, Mumbai, Financial Chronicle

    April 25, 2011

    Starved by banks who are going slow on loans to realtors and slowing sales of apartments, smaller real estate developers in western India are wooing private equity investors to raise as much as Rs 1,000 crore to invest in their new projects. Real estate developers such as Maharashtra-based Everest Developers, Puranik Builders, Sunjana Realtors and Omkar Realtors are planning to raise around Rs 300 crore each through private equity funds. “In March-April period, residential sales were down and cash flow of many developers has come down. Banks are also very cautious to lend to real estate players. Private equity players are showing interest since they will be able to get better deals,” Ravi Ahuja, director at Cushman and Wakefield, said.

  • Realtors fail to repay bank loans

    Dinesh Unnikrishnan & Madhurima Nandy, Mumbai/Bangalore, Mint

    April 19, 2011

    Indian real estate firms, hit by a shortage of funds and a drop in property sales, are feeling the squeeze in cash flows and consequently their ability to repay bank loans. By a conservative estimate of the industry, at least half a dozen companies are finding it difficult to meet repayment commitments, according to four persons familiar with the situation. Two of them are senior bankers and others are real estate industry officials.

  • Global rich pick Mumbai as future city

    The Financial Express, Dubai

    April 13, 2011

    The world's rich and powerful see New York and London as the leading business hubs over the next 10 years but emerging nation centres are fast catching up, according to a new report. According to annual Citi/Knight Frank Wealth Report, Mumbai has gained in importance as global business city by 118 percent followed by Shanghai (91 percent) and Sao Paolo (66 percent). It said almost 40 percent of the worlds most exclusive residential property markets increased in value during 2010: Of this six of the 10 biggest gainers were in Asia.

  • Retail realty to witness rapid growth: CB Richard Ellis

    Kailash Babar, Mumbai, The Economic Times

    April 13, 2011

    Demand for residential development will continue to remain unabated, but the requirement of real estate by retail industry over the next five years and even thereafter will provide a major thrust to the property market in India, said CB Richard Ellis' global president Robert E Sulentic.

  • Ansal API sold properties worth Rs 2,392.7 crore in FY11

    The Economic Times, New Delhi

    April 11, 2011

    Real estate firm Ansal Properties & Infrastructure has sold properties worth Rs 2,392.7 crore, comprising 22.43 million sq ft of spaces, during the financial year 2010-11. According to a presentation by the company to its investors, Ansal API said the sales realisation has also increased by about 37 percent to Rs 1,067 per sq ft in the last financial year.

  • Mumbai, Shanghai in luxury property wishlist of ultra HNIs

    Jharna Mazumdar, Mumbai, Financial Chronicle

    April 07, 2011

    Prime property remained incredibly important to the world’s wealthiest people and they picked Mumbai, Shanghai and Sao Paolo as the world’s future cities, according to the 2011 edition of The Wealth Report, launched on Wednesday by Knight Frank and Citi Private Bank.

  • Commercial space demand to touch 160m sq ft by 2014

    Financial Chronicle, Hyderabad

    April 05, 2011

    Demand for commercial office space across the seven major cities in India is estimated at around 160 million sq ft by 2014, a latest study by multi-national real-estate services firm Cushman and Wakefield Research (CWR) has revealed. The quantum of demand will mainly be concentrated in the metropolitan centres of Bangalore, Mumbai and national capital region of Delhi, the study says.

  • Global firms plan to join race for Rs 8,700 crore Navi Mumbai airport

    Shaheen Mansuri, Mumbai, The Financial Express

    April 04, 2011

    Global players are keen to be part of the R8,700-crore Navi Mumbai International airport project. Major airport operators such as Changi Airport, Aeroports De Paris, Fraport AG, TAV Investment Construction Corp, Malaysia Airport and Flughafen Munchen of Munich are some of the overseas firms that have evinced interest in the project, according to sources. A foreign partner will be roped in for the project for expertise in technology and in running a world-class airport.

  • Pune's luxury hotel district

    Alka Kshirsagar, The Hindu Business Line

    April 04, 2011

    One cannot say with certainty whether the emergence of the eastern corridor as the fastest growing business district in Pune has been the cause or effect of five-star hotel brands setting up base here.

  • Realty firms seek funds from PE to tide over debt

    Sobia Khan & Paramita Chatterjee, Bangalore/New Delhi, The Economic Times

    April 04, 2011

    Realty firms are making a beeline to private equity investors for money to repay mounting debt portfolios. With commercial banks turning cautious about lending to the real estate sector, industry players strapped for cash are seeking equity capital to ease the liquidity crunch.

  • Bank credit off take to commercial real estate grew 17.8 percent

    The Financial Express, Mumbai

    April 01, 2011

    The Reserve Bank today said the credit given by banks to the commercial real estate sector grew 17.8 per cent in February, compared to 0.9 per cent during the same month last year.