Bangalore City is Fourth Best in India

Bangalore city is at number four position as the best city in India. Bangalore is known as the Silicon Valley of India. Although it is a major economic hub of India but from the last few years the infrastructure of the city had not developed with the speed as compare to the economic growth of it.

According to the survey which was carried out by Ernst & Young only Delhi, Greater Mumbai and Chennai leads Bangalore as the best city in overall rankings of India’s top 48 cities.

The fast growing mega city Hyderabad may overtake Bangalore if the city does not improve its infrastructural facilities fast.

The factors which will give a boost to the economic growth of the city.

A new international airport.

A metro project for the city.

The Mega Township by the Bangalore Metropolitan Regional Development Authority (BMRDA) which may be resulted in the huge development activity in the Bangalore real estates.

Gurgaon city will get metro rail by DLF

Gurgaon city will get a metro rail which will connect the town to the malls as real estate giant DLF Ltd is planning to invest up to Rs. 375 crore to run its own metro rail.

The feasibility report for providing feeder service between Sikandarur Chowk and Sector-24(Mall of India) in Gurgaon which will cover a distance of 3.7 KM. will be submitted by RITES by the end of October. The project will commence from January-February next year.

The company is planning to develop and run metro rail in various cities of the country developed by them like Bangalore.


DLF required permission from Haryana government to accomplish its project i.e. for use of roads, to cut trees wherever it require, providing electricity at no profit-no loss basis.

The proposed metro rail project by DLF will comprise of single level four stations having three coaches each with a carrying capacity of about one lakh people a day.

Real estate funds in India by Global Investment House

After finalizing the deal of purchasing a shopping mall in Shangdong Province, China the global Investment House “Global” today told about its second fund investment strategy in real estate Asia which is a part of its latest real estate funds in india.

The investment will be made in the financial capital of India, Mumbai.

A 10,377 sqm land site has been acquired in a prime location within Navi Mumbai to develop a first class international business hotel.

This hotel will be the first five star hotel of its kind in the Navi Mumbai area.

The rest of the hotels in Navi Mumbai are mostly in the 2-3 star category. An investment of USD20 million will be made in the project.

Real Estate India’s baron K P Singh

After closing initial public offering of DLF on June 14, 2007 , K P Singh promoter of DLF has become the richest real estate baron of India.

Thus K P Singh has become the fourth richest Indian after Mukesh Ambani, Anil Ambani and Sunil Mittal. Now Wipro’s Azim Premji comes after immediately after him.

60 percent of realty wealth is assigned to DLF promoter family.Uniech Ltd. Of Ramesh Chandra and his sons Sanjay and Ajay Stands at position second with net worth Rs 30,544 crore (around $7.4 billion) which is about half of DLF’S wealth.

DLF , Fortis will invest Rs. 6200 crore

The real estate giant DLF in collaboration with Ranbaxy group company Fortis Healthcare has entered into an agreement to invest by setting up hospitals across India with about Rs.6200 crore.

In the joint venture which has been signed between these two real estate firms, Fortis will acquire 74 percent state and the remaing 26 will be remaining with DLF.

They are planning to build a chain of 200-450 bed hospitals in various 31 cities in India which will be accomplished within three to five years.

This joint venture will mark DLF’s incursion into the healthcare segment and will be a part of strategy of Fortis to become a pan-india player in healthcare segment which will be helpful by resolving real estate problems by setting up new hospitals.

The whole investment of Rs. 6,200 crore will include cost of land, construction and medical equipments. They are planning to build hospitals where DLF has its presence already as DLF already has 10,255 acres land reserve in 31 cities.

Rs 300 cr in Gurgaon SEZ by Trinity Capital

The global investment firm Trinity Capital will invest Rs. 300 crores in gurgaon for making a special economic zone . The SEZ (Special Economic Zones) will be constructed by Luxor group and Uppal Group.

The special economic zone will be developed in 8.2 million sq ft area. These two companies have signed a MoU with Trinity capital to accomplish this work.

This will be a better special economic zone in real estate gurgaon which will be completed by 2011. The SEZ is built to attract IT and IT enabled services companies.

In addition to these housing, restaurants, entertainment zones, schools, and hospitals will be developed in the special economic zone.

DLF to invest Rs 4,000cr in Bangalore realty

Real estate Bangalore market has become hot after entering DLF in the real estate market of the city. The biggest real estate player of the country, DLF is planning to construct 10,000 residential apartment units and 2 million sq ft mall in the state capital.

The company is planning to invest Rs.3, 000 crore by building the apartments over 100 acres land. The company has already acquired 80 acres at Bannerghatta Road and 20 acres in Electronics City. The project will be commencing from next three to four months and will provide first set of apartments in two years.

An investment of Rs. 1,000 crore will be made for the biggest mall in the country in Whitefield. The construction has begun for this and will be open for commercial use in about 18 months.

DLF is also in the search of land to develop office building in the city.

The company seeks to fund the projects through the Rs 9,500 crore public issue which opens on June 11, 2007.

Real Estate India On A Surge

The increasing demand of real estate India property by the domestic and foreign customers has surged rapid economic growth. It is assumed that real estate India market may be overheating.

The Prices of Real estate India has acquired unprecedented rises by over 50% annually in some cities i.e Bangalore, Delhi ,Mumbai, Chennai, Hyderabad ,Pune of India since 2004-05.

The factors unprecedented rises in disposable incomes, sharp increases in global liquidity, selective capital account liberalization, looser credit policies, a greater availability of leverage due to financial liberalization and a consequent increase in mortgage lending and price increases result in the boom of real estate India.

The too much rise in property so fast becomes the matter of concerns and the various factors such as economy rate growth of 7% to 9%, rising incomes and a growing middle class, a favorable demographic structure, the nuclearization of families and subsequent drop in family size, increased urbanization (currently 30%), high population concentration (one in every six people in the world lives in India) and greater financial and capital market development gave a boost to this real estate boom.