Indian Property News on 'November, 2007'

US Major Trump Plans Entry into the Indian Realty Market

The US based realty major, Trump, is planning to invest in the Indian property market in the next 18 months. Mumbai and Delhi could soon witness Trump Tower on the lines of Trump Organization’s high-rise buildings in Manhattan.

Donald Trump Jr, executive vice-president, development and acquisitions, Trump said that the company’s chief focus will be on high-end projects in Mumbai, Delhi, Hyderabad, Bangalore, and resorts and villas in Goa. Read More »

UAE based ‘SS Lootah’ to tap into India’s Mushrooming Real Estate Market

SS Lootah Asia, a wholly-owned ancillary of the UAE-based SS Lootah Group, shared particulars of their latest global coalition-the `Sustainable Construction Group’ (SCG) at Cityscape India, the world’s largest B2B construction and real estate exhibition which is programmed to be at Mumbai from 19-21 November 2007.

They are aspiring to launch green buildings in India’s burgeoning real estate sector. The company has wide-ranging investment interests across several sectors in UAE, Asia, Africa and Europe. Their Asian branch will primarily drive investments in essential growth sectors encompassing infrastructure, real estate services, manufacturing and information. Read More »

$200 Million Raised by Kotak Global Realty Fund

In its first closure, Kotak India Real Estate International fund has raised $ 200 million. Investors from the US, Europe and Japan have put in money, betting on the booming Indian Realty Market.

Kotak targets to gather an amount of Rs 1,500 crore. According to sources, the same will complete in the next two quarters from countries including Germany and Korea.

Kotak’s investment strategy is to participate in the estimated $45-50 billion expansion across the real estate sector in India in the next four years. The company plans to capitalize on lucrative real estate investment opportunities across all sectors including commercial, residential, retail, lodging, leisure etc. Read More »

India Witnesses Massive Growth in Retail Sector

Retail sector has witnessed an immense growth in the last few years. The key factors responsible for the retail boom have been the change in consumer profile and demographics, increase in the number of international brands available in the Indian market, economic implications of the government, increasing urbanization, credit availability, improvement in the infrastructure, increasing investments in technology and real estate building a world class shopping environment for the consumers.

If numbers are to be believed, India’s retail industry is estimated at about USD 350 billion and forecast to be double by 2015. After agriculture, retail is the largest source of employment and has deep penetration into rural India. Retailing contributes to 10% of GDP. Read More »

Vornado Plans to Increase Investment in India’s Chatterjee Group

The third- largest real estate investment trust in the U.S., Vornado Realty Trust, is keen to invest in Indian developer Chatterjee Group as economic growth increases construction in Asia’s fourth-biggest economy.

In an interview, Vornado President Michael Fascitelli talked about regional investment at the annual convention of the National Association of Real Estate Investment Trusts in Las Vegas. Read More »

Trikona Capital plans to raise Rs,1500 crore Indian Realty Fund

Ashish Kalra, co-founder and managing director of New York-based real estate investment company Trikona Capital, revealed plans to raise Rs1,500 crore domestic fund. He also said that the fund would be “by-invitation-only” with “a minimum ticket size of Rs25 crore.”

According to Trikona Capital’s president Mahesh Gandhi, the fund would be deployed in the company’s second series of investments in India. The company also plans to launch a $1 billion (Rs3, 940 crore) infrastructure fund. Read More »

India Likely to Get Major Part of 2 StanChart Funds

MUMBAI: Standard Chartered is on the verge of launching a two billion-dollar Asia funds — one for the real estate sector and the other for infrastructure. Significant investment in India is expected from both these mega funds. The group is launching its $1-billion infrastructure fund in collaboration with IL&FS, while the $1-billion real estate fund is being launched with a Middle East partner.

The infrastructure funding needs are estimated at around $500 billion between 2007 and 2012. 70% of this is expected from the public sector. The remaining will come through private funding, which includes public-private partnerships. Given the fact that no other country has such a large absorption capacity, most of the global institutions are thinking of setting up infrastructure funds here. Read More »

GrandVision Seeks a Deal with Reliance

Vision Express, part of Europe’s largest optical retail group GrandVision is in discussion with Reliance Retail for an exclusive distribution agreement. Vision Express is also planning to set up distribution centres in India, to supply to Reliance stores.

Whereas, Reliance Retail’s president & CEO in charge of operations and strategy, Raghu Pillai, said that, he is not aware of this and it’s not true. Read More »

Real Estate Fund Emerges As A Promising Prospect

Investing in property has come up as an excellent prospect to gain high returns within short period of time. This is mainly because of capital appreciation. Contrary to regular returns, high returns come at a cost as making investments in real estate which has nowadays become very cumbersome. What you have to be the most careful about is narrowing down on the right property.

Properties are becoming expensive day be day. It requires the investor to commit large funds at a single go. Funds are locked up for a long time and the money invested is illiquid. Therefore, many investors have to stay away from such a form of investment. Read More »

High Demand Pushes Realty Growth in India

Indian property market is making rapid strides. However, the credit also goes to the government which has been taking several initiatives to draft new policies in order to push investments in the sector. It includes liberalization of foreign direct investment (FDI) in real estate and introduction of the SEZ Act.

The government allocated a whopping Rs 50,000 crore under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to improve urban infrastructure in 63 cities. Read More »