Indian Property News on 'December, 2007'

Mumbai to Host Jones Lang LaSalle’s Global Board Meeting

The world’s leading integrated global real estate services and money management firm, Jones Lang LaSalle Incorporated recently hosted its Global Board of Directors and Global Executive Committee for the first time in its 220 years history in Mumbai, India.

According to Mr. Colin Dyer, President and Chief Executive Officer, Jones Lang LaSalle Inc the Indian real estate market is mushrooming and becoming a momentous contributor to India’s economic growth. Many corporations are looking at investing or expanding their businesses in Asia and the economic and business outlook is encouraging. He also said that the opportunities that lie ahead for their business, employees and clients in India are quite exciting. Read More »

Sobha Group Guarantees Timely Delivery of Projects in Middle East

The Indian real estate developer, Sobha Group has committed to ensure on-time delivery for all developments it undertakes in the Middle East. The realty developer has built up a remarkable reputation for delivering its projects on time throughout India. Sobha group plans to bring its unique, backward integration operation methodology to its developments in the UAE.

The Vice Chairman of Sobha Group Mr. Ajay Rajendran said that the group has a passion for quality in the construction field, which has made them one of the topmost Real Estate Developer. Read More »

Real Estate Boom in Punjab- Single Plot Sold for 184 Crores

Punjab witnessed a whopping revival in the Real Estate Sector. The Bathinda Development Authority has created history by auctioning a 4.5 acre commercial site in Bathinda for a massive Rs. 184 crores.

Detailing the auction, BDA spokesman stated that 4 parties from all-over India participated in the auction held on Friday. Best City Developers Private Limited from Delhi emerged as the successful bidder capturing the well-located city property in a keenly contested auction at a price approximately 35% higher than the reserve price. Read More »

Burgeoning Real Estate Boom in Bangalore

The IT capital of the country is taking huge leaps in real estate investment. Bangalore is expected to exceed Rs 12,000 crore during the next few years in real estate. The funds will go into constructing 50,000 dwelling units a year.

This is against the 1.5 lakh flats and apartments which are currently under construction involving an investment of Rs 45,000 crore. According to Mr Balakrishna Hegde, president, Karnataka Ownership Apartment Promoters Association, Bangalore remains the prime attraction for real estate following the impressive strides being witnessed in the country and the city in particular. Read More »

UAE Targets the Booming Indian Real Estate Market

The mushrooming Indian real estate market is a golden target for cash rich Emirates. United Arab Emirates are investing billions of dollars into India’s real estate sector through joint ventures with local companies as sovereign wealth funds and Middle East investment groups increasingly target India.

A statement issued by Rakeen, a project development company controlled by the government of Ras Al Khaimah, part of the UAE federation, made clear that it had linked up with India’s Trimex Group to build township projects across India. Read More »