Terrorist created history by attacking Mumbai which was worst terror attack in
The terror attack may affect demand for office and retail space in Mumbai as people feel insecure about safety of their own and business. The demand of commercial real estate depends upon the come back of confidence in the foreign investors. The terror attack left a deep impression on sentiments and confidence of the investors.
Real estate Ahmedabad is facing a countable growth which is capable to attract to attract the investors not only from the India but also nris. The prices of property are touching very heights in the short time periods in comparison to even Delhi or Mumbai.
Nris want to invest in Ahmedabad properties although they don’t have their roots there. They are willing to invest there as this investment may give much profit as compared to the nri investment in their native places.
The real estate growth can be felt with a high speed in the city which results the same speed of cash in the city.Many companies have started their business in this city which resulted in more demand of residential property in Ahmedabad.
Nris demand to the government for fast Track Courts for clearance of nri property disputes.
US-based Global Organisation of People of Indian Origin (GOPIO) pointed out the fact that laws of land are not sufficient to protect properties and investment in residential and commercial real estate in
Non-resident Indians (Nris) are facing the problem of non payment of rent by the tenants and grabbing of their property.
It’s not possible for nris to be present in
The nri real estate investment show which well be held at the AL Boom Tourist Village, Dubai from May8-10. This show has been given the name of Property Plus 2008.The investment in the Indian property sector has grown with a large extent which resulted in the amazing hike in these sectors.
As India has become the first choice of investors in various fields. Almost all top branded companies had occupied spaces for theirs offices in India. The demand of corporate offices and the accommodations of their employees give the right platform to develop in the realty sector.
Many cities have emerged with a new picture of the development. The multi storied buildings and various shopping malls are the result of nri property investment. These developments in realty sectors give India a new picture. The country is heading to be a developed country.
Nri real estate firm, Mint Home has planned to invest Rs 100 crore in
Mr. Raj Natarajan , director of Mint Homes pointed out that investment will be made fully internally without any loans through its Indian arm, Mint Homes Pvt Ltd. The construction of an integrated high-end housing complex over 2.7 acres in Sowripalayam has begun. Nri real estate firm is planning to launch this project in January 2008.
The company is planning to develop four towers and the first one would be ready by January 2009 and the other three by that year-end. There will be a park and club house before the residential complexes which will be completed by March 2008.
Mumbai real estate is going to attract ETA Star Property Developers which will build a mall in Mumbai’s Juhu area by spending Rs. 1,500 crore.
The mall will be constructed in a 50:50 joint venture with Supra Estates by developing 10 acre plot in January next year.The service apartments will also be built.
ETA Star is basically a Chennai real estate developer which is a part of $4 billion ETA Ascon group based in the UAE.
The company has invested Rs. 800-900 crore to acquire the land for the mall. The construction of the mall will be completed by 2010 and will be available for lease for seven years.
Mainly the company is operating its projects in southern region of the country across Chennai, Bangalore and Hyderabad.
The Jasmine Court apartments are being built by the company in Chennai. There are two more Bangalore residential projects ‘Binny Crescent’ and ‘The Gardens’.
Trikona, a New York-based real estate investment company is planning to invest an Rs.1, 500 crore in India.
The investment will be made in residential and commercial properties by-invitation-only with a minimum ticket size of Rs25 crore which will be launched in December.
This is going to be the largest rupee-denominated real estate fund to be raised so far.
A $1 billion (Rs3,940 crore) infrastructure fund will also be launched by Trikona.
A report on the real estate sector by consulting firm Ernst & Young revealed out that over $3 billion real estate funds is in the queue which is targeting real estate in India.
Blackstone, Morgan Stanley, GE Commercial, Citigroup Property, Berggruen Holding and Bluestone Quantum Management Pvt. Ltd also want investments in real estate in india.
NYSE-listed Lehman Brothers is going to take 10% in a Hyderabad-based Ramky Group for Rs 407 crore. Ramky Group is an infrastructure and realty company promoted by Ayodhya Rami Reddy with a turnover of around Rs.1, 600 crore.
Lehman Brothers who deals in different types of industries is a global financial services firm. It has its various branches across the world.
The company wants to expand its operation in Middle East and
Ramky Enviro Engineers which get second highest PE funding. Last year, IL&FS and Sabre Abraaj introduced around Rs 125 crore ($28 million) in Ramky Infrastructure by picking up a 13.5% stake in Ramky Infrastructure.
Also, Lehman Brothers has invested around $80 million in a Bangalore-based research and development SEZ in
