UAE Property major Emaar Properties has said that it will reconsider its initial public offering (IPO) in India “when the time is right” though the company is bullish about the trend in Indian real estate market.
In February, Emaar MGF withdrew its IPO for lack of adequate response. The company wanted to raise around Rs 6,500 crore on the initial price band of Rs 610-690. This was twice revised to Rs 530-630 and the closing date extended to February 11 from February 6. Read More »
India has been rated at the top of the global retail development index for the second successive year by AT Kearney. However the consultant has acknowledged at least 10 holdups that need attention. The list includes underdeveloped supply chain capabilities, inadequate utilities, IT infrastructure hurdles, supply base hurdles, inadequate human resources, limited consumer insights, taxation challenges, real estate hurdles, insufficient government incentives and policy-related hurdles.
Among all these, the major hindrance is Real Estate. The fact that retailers have to spend 25-30% of their revenues among rentals, just to operate in metropolitan makes the situation worse. According to CB Richard Ellis South Asia head Anshuman Magazine, the current commercial rentals are actually unaffordable and correction is inevitable,” says. Read More »
The booming Indian Real Estate has made Property developers billionaires overnight, with profit overflowing in the sector. Office and shopping mall rentals continued their upward trend, the pace being very vigorous in Delhi and Mumbai. At present Mumbai is at the second place in the list of most expensive office markets in the world with Delhi at eighth.
The real estate industry is estimated to reach $60 billion by 2010 with a growth rate of 30 per cent. The industry entered the Dalal Street in a big way and floated 12 public issues in the year, making it a leading sector in terms of fund raising. Read More »
Global continues its golden run in the Asian market. With the announcement of its latest acquisition in the People’s Republic of China, as part of its Asia Real Estate Fund investment strategy, Global Investment house added the third feather in its portfolio of assets.
Global Asia Real Estate Fund had announced the successful closure of two investments; In China and India last month. Read More »
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 »
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 »
The city of Pune has certainly covered a long journey from being known as pensioners’ paradise to the Tech city. These days, investors and builders seem to be making large money from Pune real estate market. This has given a strong push to wealth and development in the city. The activities have indeed put Pune on global business map in a dramatic way. It offers a plethora of opportunities in the field of retail, IT industry, BPO industry, and the hotel industry.
Everyone belonging to Pune property market is cashing in on the prospects that the city of gold offers. High and retail market space is the most preferred sector in the market. Pune education sector is also making rapid strides and has witnessed a huge influx of students coming in all across the world. This is contributing to the success of Pune and assisting it to come up as a global education destination. Read More »
The new policies framed for the construction of Special Economic Zones (SEZs) have started to show their impact. However, the buzz over allegations of land grabbing and revenue has settled by now. Southern and western states are gaining maximum out of the SEZ policy whereas the East and North-East are losing out.
SEZs are largely contributing to the success of the economy and creating a large plethora of job opportunities. The state government is required to handle these important projects carefully. Land is a state subject and no company can acquire the property in the name of SEZs without the connivance of the state government concerned. The Centre has imposed curbs on state acquisition of land and planning new rehabilitation policies. Read More »
Fast emerging as an important hub for information technologies and IT enabled services in India; the National Capital Region (NCR) has become an apple of eye of both builders and potential investors.
The NCR is built over a large area of 33,578 sq kms. States including Haryana, Rajasthan, Uttar Pradesh and the National Capital Territory of Delhi fall under the NCR region. Ongoing commercial developments in NCR have given a string boost to the real estate market here. Also, limited supply of properties in Delhi served as a blessing in disguise for NCR real estate market. Read More »
Ghaziabad has been showing bullish signs in all of its real estate segments – commercial, residential, and retail, in productive mode. Now, the city is zooming upwards with its developing commercial centers like Raj Nagar District Center, biggest retail destination, proposed fourteen new flyovers, and Metro rail connectivity.
The city has emerged as one of the best investment destinations in the NCR. Following are the proposed developments that have given a new push to Ghaziabad Real Estate: Read More »