Contact Us
  • Pantaloon earmarks Rs 900 crore for real estate over 3 years

    New Delhi, The Economic Times

    August 26, 2011

    Pantaloon Retail India Ltd (PRIL) has earmarked Rs 900 crore expenditure over the next three years on nine million square feet of retail space, which it has already booked across India for expansion. The Kishore Biyani-promoted Future Group firm is looking to insulate itself from a possible space crunch situation in the likelihood of multinational firms expanding their footprint into the Indian retail sector once FDI in multi-brand is allowed.

  • 6 mn sq ft of retail mall space added in India in H1 2011: CBRE

    New Delhi, The Economic Times

    August 17, 2011

    Driven by aggressive expansion by organised retailers, over 6 million square feet of retail mall space was added across India in the first six months of this year, primarily in the metro cities, according to a report by research firm CB Richard Ellis India.

  • PE cos shine in downcast real estate sector

    Ajay Sukumaran & Debojyoti Ghosh, Bangalore, The Financial Express

    August 16, 2011

    The realty index is down over 12 percent in the last week, key policy rates have increased many times over the last 15 months, raw material costs are on the upswing as a result of inflation and homebuyers are cautious. In short, the Indian realty mart is shrouded in uncertainty. However, for real estate developers looking for growth capital, there seems to be a silver lining over this cloud of uncertainty as the sugar daddies of the financial world, the private equity (PE) funds, are lining up multiple investments into key city residential projects across the metros.

  • Infrastructure continues to drive PE deals


    August 12, 2011

    The month of July saw $913.4 million of private equity (PE) investments in Indian companies across 36 deals; a 23 percent rise over $745.3 million across 34 deals in the year-ago period. It, however, saw a decline of around 26 percent from the June figure of $1.23 billion.

  • Developers stare at vacant office spaces

    Shubhra Tandon, Mumbai, Financial Express

    August 04, 2011

    Around 60 million sq ft of office space is likely to remain vacant this year across the country as fresh supply enters the market, according to a report by property consultant Jones Lang LaSalle. In Mumbai alone, around 80 million sq ft of commercial real estate will be ready for occupation by December this year, the report says, adding that as much as a fourth may not find takers as the economy slows.