May 15th ,2010
Volume 7, Issue 1
INSIDE THIS ISSUE:
Office Market 4
Health & Hospitality 5
India Post mails govt on land bank utilization
Investment 6 12th May,2010
Infrastructure 7 New Delhi: The sleepy neighbourhood post office building could soon be bursting at
the seams, if the government allows India Post to commercially develop its land
General 8 holdings that house the country‘s 1.5 lakh post offices.
The department of post, dependent on the government‘s financial assistance for running the world‘s largest
postal network, has circulated a cabinet note seeking permission to develop its real estate assets with the help
Opinion Poll of private players to shore up its sagging revenues.
Do you think the present
FDI norms in retail are ―The plan will help the postal department emerge stronger by benefiting from better facilities and infrastruc-
restricting the growth of the ture developed by private firms,‖ said an official with the ministry of communications and information tech-
nology. Read More...
retail sector ?
Corporates show interest in scheme to pro-
vide civic amenities in villages
New Delhi: As many as 93 corporates, including 30 big infrastructure firms,
have expressed interest in joining hands with the government in the project to
Ariston Advisory Group improve civic amenities in villages. The response to the notice for expression
of interest marks the beginning of the process to launch Provision of Urban
Amenities in Rural Areas (PURA), the brainchild of former President A P J
The rural development ministry has finalised the PPP model for PURA
Development Options which will involve a tripartite agreement between the states, the Centre and
Study the service provider. A timeframe of 13 years has been fixed for success of
schemes which will include provision of amenities like water supply and
Market Research solid waste management, streetlighting, telecom, electricity generation and
Valuation development of economic activity and skill development.
Strategy Consulting The schemes will come up in a cluster of panchayats targeting a population of 30,000 to 40,000 people.
Location Analysis The aim to upgrade civic amenities in villages is a novel concept with a new model. Rural development secre-
tary B K Sinha and additional secretary Arvind Mayaram, talking to reporters, were hopeful that PURA would
Information Memorandum bring about a big difference in the quality of lives in villages where the PPP partner would be responsible for
maintenance of the scheme for 10 years. Read More...
Real estate firms returning to high- DB Realty to sell 4 mln sqft residen-
price, high-volume model tial space in FY11-official
Mumbai: Indian real estate developer DB Realty Ltd expects to
Bangalore: In February, DLF Ltd launched 150 high-end apart- sell around 4 million square feet of residential space in FY11 and
ments in the third phase of Capital Greens, a residential project in has cut its debt to around 5 billion rupees, a top official said on
West Delhi, at Rs10,000 per sq. ft. About 70% was sold within Wednesday.
weeks. Just six months earlier, DLF had sold apartments in the first "We have a total developable area of 61 million square feet, and last
phase of the same project at Rs4,500 per sq. ft. year we sold around 3 million square feet," Group Chief Financial
India‘s largest real estate developer is set to launch at least 20 mil- Officer Jayesh Doshi told Reuters over the telephone.
lion sq. ft of space in 2010-11, spending around Rs2,000 crore in This (3 million square feet) generated a total sales value of 27
construction. Its product mix for the year is 26% high-end residen- billion rupees, he said.Read More...
tial projects, 38% commercial or office space, and the rest, mid-
income or value housing. Read More... Source: Reuters
Source: Live Mint
Omaxe bags contract worth Rs 572 ‘No FDI In housing projects for Ur-
mn ban Poor’
13th May,2010 6th May,2010
Omaxe announced that its subsidiary Omaxe Infrastructure and The Government today said foreign direct investment (FDI) will not
Construction has been awarded a contract for construction of hous- be allowed in housing projects for urban poor.
ing complex for AFNBH, Meerut Project Package-I. The contact "There is no question of allowing FDI in housing for the poor,"
which is awarded by Air Force Naval Housing Board, New Delhi is Minister of State for Urban Development Saugata Roy told Rajya
pegged at Rs 572 million.Read More... Sabha today.Read More...
Source: myiris.com Source: Indian Express
Provogue arm to launch 3 housing projects by December
Mumbai: Prozone Enterprises, a joint venture between Provogue India and UK's Liberty International is planning to launch three residen-
tial projects in Indore, Nagpur and Coimbatore by the year-end, a senior official at Provogue told reporters on Wednesday. The first phase
of the housing project will span 34 acres across the three cities, Salil Chaturvedi, deputy managing director of Provogue India, said on the
sidelines of a India Shopping Forum conference. Read More...
Isha homes to construct budget Netz Realty Launches Budget Housing
apts at cost of Rs 120 cr projects in Mumbai
Mumbai: Following the
Real estate developer Isha Homes India would construct its first need of common man in
budget apartments project 'Isha Yara' in the outskirts of the city Mumbai, Netz Realty has
valued at Rs 120 crore, a top company official said today. launched two projects in the
"The apartments, spread across 5.91 acres in Medavakkam, will heart of the city, Andheri,
house 460 flats on a total built up area of 4.28 lakh square feet," that come at a budget price tag of between 25 lacs to 45 lacs. The size
Isha Homes India Managing Director M E Suresh Krishna told of studio apartments is between 250 square feet to 400 square feet
reporters here.Read More... Liveability Index 2010'.Read More...
Source: ET Source: Indiaprwire.com
Prestige Group to invest up to Rs Walmart to push for faster growth in
1,800-cr in six new malls India
9th May,2010 13th May,2010
Mumbai: Bangalore-based real estate giant, the Prestige Group, World's largest retailer, Walmart, which has
plans to invest around Rs 1,500-1,800-crore to develop six malls, entered India, in collaboration with Bharti, said
scheduled to be operational by 2013. Of these six, the company on Wednesday that it will accelerate its growth
will construct four malls in a joint venture with Singapore-based process.
CapitaMalls Asia. The growth, it talks about, will be organic in nature as the retailer
"We are planning to develop six projects by 2013 at an invest- pushes for more wholesale stores to be opened in India.
ment of Rs 250-300-crore per mall. Of these, four projects are in This is important step forward as Walmart has shown its frustration
a joint venture with Singapore-based CapitaMalls. With this, the towards the restrictive policies in India.
total number of our malls will increase to nine by 2013," Prestige Talking to media, Raj Jain, Head of India, Bharti Walmart said that
Group's CEO, S Raghunandhan, told PTI here. Read More... the firm was aiming to open 10-12 outlets in the next two to three
Source: DNA This is much higher than the past plans where it had put the time-
limit as five years. The change has happened because of the fast
India Shopping Centre Forum 2010: paced growth in retail segment.
He also said that the food security for all, which the government is
Retailers strong on expansion aiming at, will allow more stores to be opened up. Read More...
The two-day India Shopping Centre Forum (ISCF) 2010, kicked
off this morning at the Renaissance Hotel & Convention Centre,
Future Group ropes in realtor Sumit
Powai, Mumbai with calls for greater cooperation between shop- Dabriwala for Future Mall Manage-
ping centre developers and tenant retailers in the design and man-
agement of India‘s shopping malls.
Panellists in the forum‘s opening discussion, 'Indian Mallscape,'
agreed that challenges facing the shopping centre industry, such 3rd May,2010
as mall design, revenue-share versus minimum guarantee rental
agreements and tenant mix could only be overcome if developers
and retailers worked together closely. Read More... Mumbai: Kishore Biyani plans to make a strong entry into real es-
tate development through Pantaloon Retail‘s recently demerged sub-
Source: Indiainfoline.com sidiary that will consolidate all the land holdings of his family, a
person familiar with the development said
Carrefour to open outlets in India The Future Group CEO has roped in Kolkata-based realtor Sumit
Dabriwala of Bellani Group into the new company, Future Mall
12th May,2010 Management, which will develop commercial and residential proper-
ties as well as modern wholesale and retail spaces. Read More...
World's second largest retailer,
Carrefour has decided that it will Source: ET
open outlets in India. The number
may vary from 3 to 4 depending
on the final decision taken by the Bharti’s realty stake on sale?
The outlets will be wholesale in 12th May,2010
nature and will be spread pan-
India. These outlets will be opened by the end of this year. The New Delhi: At a time when the Bharti group is facing immense pres-
above mentioned step is inline with the strategy of the retailer to sures in their core telecom business, the group may look to monetize
open and tap the high potential that India provides. It has been one of their capital intensive businesses—real estate.
trying hard for the past seven years to enter into the market, but Sources suggest that Bharti may offload a 10-15 per cent stake in the
has been failing to do so because of the restrictive regulations. real estate business with one possible investor being Shapoorji Pal-
It has already secured property in Delhi, Bangalore, Chennai and lonji, with whom Bharti has entered into talks.
Hyderabad. The company said that it will soon buy property in NDTV learnt from sources that the company is in preliminary talks
Mumbai as well. The news was released by private news agency, with Shapoorji Pallonji for selling 10-15 per cent stake in its realty
Reuters.Read More... business for which, Bharti expects an enterprise value of about a
billion dollars.Read More...
DISCUSS Source: NDTV Profit
Office property deals South Mumbai 4th most expensive office mar-
pick up, rents remain flat ket
Global Office Rents Survey lists London‘s West End at the top.
· Life insurers SBI Life and Birla Sun Life,
The rupee‘s rise against the dollar and pick-up in office leasing transactions in its cen-
and brokerages such as Motilal Oswal and
tral business district, Nariman Point, have propelled the country‘s commercial capital,
India Infoline have together either bought or
Mumbai, to fourth-most expensive office rent market in the world, a new study shows.
taken on lease around 500,000 sq ft of office
When the last such study was conducted, in December 2009, Mumbai was the seventh
space in Mumbai in the past four months.
most expensive market.
· IT majors Wipro ,TCS and L&T Infotech
According to the study released today, office occupancy costs measured in dollars are
have taken a similar amount of space on lease
affected by changes in the dollar‘s value versus the local currency. Hence, office occu-
in Navi Mumbai in the past two months.
pancy costs when converted into dollars are driven by both the local market dynamics
· According to sources, global investor Mor-
of supply and demand, as well as currency changes. Read More...
gan Stanley has just closed a deal to take
100,000 sq ft at a large building in Lower
Parel in Mumbai and another IT services firm
is working on booking a million sq ft of space
at Airoli in Navi Mumbai.Read More...
Office Market News
Omaxe launches new
commercial project in
Real estate developer Omaxe Limited today
announced launching of a new commercial
project in Punjab.
‗India Trade Tower‘ dubbed as the tallest com-
mercial building of Punjab, with a realisation
value of Rs 120 crore, is slated to be complete
within two-and-half years from the com-
mencement of construction.
Additional Vice President (Sales and Market-
ing) Ritesh Sehgal said India Trade Tower
aimed to fulfill the aspirations and needs of
companies and the business community of
Chandigarh. The company has announced Rs
4,430 per sq feet as the launch price for the
commercial space in the project.Read More...
Source: Business Standard
NTC to sell more mill land Commercial property in re- Suburban office building
vival mode sells for Rs 407 crore
9th May,2010 5th May,2010
New Delhi: State-owned National Textile
Corporation (NTC) plans to raise over Rs The commercial property and office space Mumbai: In what is touted as the largest
6,000 crore from sale of around 100 real estate off-take in Hyderabad and surrounding commercial transaction of 2010 in Mumbai
properties spread over five cities — Mumbai, areas has begun to show signs of revival suburbs, a brand new office building at
Indore, Kanpur, Calcutta and Bangalore. Read after a lull of few quarters due to slow- Kalina has been sold for Rs 407 crore.
More... down in the economy, especially the real Market sources said the deal was signed
estate segment. Read More... sometime last week. Read More...
Source: Business Line Source: TOI
Real estate companies review hospital- Bardiya Group to foray into hos-
ity projects pitality sector
Bangalore: The capital-intensive nature and long gestation periods of
Jaipur-based Bardiya Group plans to foray into the hospitality
hospitality projects seem to be forcing a rethink among real estate devel-
sector by opening two hotels in Jaipur by September 2012.
opers on such ventures.
The 91-room business hotel will be located at Malviya Nagar,
Jaipur and a 225-room five-star hotel near Jaipur airport. The
While DLF has decided to sell about 7.5 acres in Kolkata and Gurgaon
approximate amount of investment for setting up the business
after scrapping plans to build luxury hotels, Emaar MGF Land is putting
hotel is Rs 40 crore (including land cost) and for the five-star
on the block about 5.6 acres on the outskirts of Kolkata, four years after
property is Rs 250 crore (including land cost). Currently, the
buying the same at a whopping Rs 190 crore.Read More...
Group is in discussions with international management com-
panies to operate its properties.Read More...
Health & Hospitality News
Hilton may bring lux- Best Western India Starwood, Marriott,
ury chains Waldorf As- signs hotel in Ajmer IHG to tie up with real-
toria, Conrad in India tors
Best Western India in
association with Noida- Mumbai: Global hotel majors Starwood
New Delhi: The US-based hospitality
based developers Aashi- Hotels & Resorts Wo-rldwide, InterConti-
giant Hilton International Co is under-
yana Infrastructure De- nental Hotel (IHG) and Marriott are focus-
stood to be planning to bring more of its
velopment Pvt Ltd, are sing on real estate developers with experi-
global brands, including luxury chains
developing a new hotel ence of building and owning hotel proper-
Waldorf Astoria and Conrad, to India.
property 'Oasia Mall & Multiplex' in Ajmer, ties to expand their presence in India.
Rajasthan. Currently under construction the
The company, which is keen to expand its
60 room hotel is scheduled to be operational The foreign chains are tying up with firms
presence in India, beyond its existing
by the end of 2010 The hotel will be located like K Raheja who they feel understand the
joint venture with real estate major DLF,
on a joint development plot with a mall and hotel business and are more likely to build
is also believed to have sought permis-
Multiplex. .Read More... hotels as per plans than pure real estate
sion to either invest or acquire stake in
developers who froze their hotel develop-
other Indian hospitality firms. Read
Source: Construc- DID YOU KNOW ? ment plans when the market softened.Read
This will be the first
Source: ET hotel with international
brand at Ajmer
Mandarin to run hotels for Reliance LIC Housing Finance to focus on
projects for senior citizens
After entering oil and gas and retail sectors, Reliance Industries (RIL) is
now stepping into hospitality through a joint venture with Mumbai-based New Delhi: LIC Housing Finance Ltd (LICHFL), the housing
real estate company Maker Builders. They will build two hotels at the finance arm of state-owned Life Insurance Corp. of India
Bandra Kurla Complex in suburban Mumbai. (LIC), plans to enter the retirement home business with the
launch of two projects in Bhubaneswar and Jaipur.
The partners are in final talks with an international hotel chain listed in ―Every year, LICHFL plans to develop housing projects for
London - Mandarin Oriental of Jardine Matheson group -- to run their senior citizens who are 50 years and above in age. The first
hotels. project at Bhubaneswar is at the approval stage,‖ said R.R.
Terms and conditions of a revenue sharing deal between RIL, Maker and Nair, LICHFL‘s director and chief executive officer.
Mandarin are expected to signed shortly. The company, which has acquired 7 acres and 5 acres of land
in Bhubaneswar and Jaipur, respectively, will launch one
The first project -- Maker Maxity -- will come up in the open-air theatre
ground in Bandra .Read More...
such project in each state every year. The cities will be
selected on the basis of their demography . Read More...
BPTP gets Rs 1500cr IPO nod: Sources Upcoming constructions
6th May,2010 expansions.
a fillip for Anant Raj in-
Since mid-2009, about 15 developers have dustries
lined up plans for initial public offers to
raise about USD 6 billion on the back of
reviving property demand. 3rd May,2010
These include a USD 650 million issue by
Lodha Developers, a USD 770 million Mumbai: With the do-
offering by Emaar MGF, an Indian joint mestic economy on track
venture of Dubai's Emaar Properties, and a for sustained economic
USD 650 million IPO by Sahara Prime growth, the demand for
Real estate firm BPTP Ltd has received residential and commercial spaces has again
approval from the markets regulator for an City.
However, the Mumbai stock index has started picking up. Anant Raj Industries, a Delhi
initial public offering to raise about Rs -based real estate developer, would benefit from
1,500 crore (USD 325 million), two dropped 2.7% this year after an 81% jump
in 2009 and a crowded calendar of public its balanced revenues model and presence
sources with direct knowledge said on across different real estate verticals.
Thursday. offers are threatening to derail fundraising
plans by the property firms.Read More... Business: Anant Raj Industries is primarily
The New Delhi-based builder joins a long engaged in construction and infrastructure de-
list of private as well as state-run firms velopment in north India.Read More...
jostling to tap the market as Indian compa- Source: Moneycontrol.com
nies raise funds to repay debt and fund
Home loan schemes attractive for Kotak Realty invests in Dheeraj In-
9th May,2010 30th April,2010
The Reserve Bank of India (RBI) re- Mumbai: Kotak Realty Fund, the real estate-focused private equity
cently announced a hike in the cash (PE) arm of Kotak Mahindra Group, has invested Rs150 crore in
reserve ratio (CRR) as well as policy Dheeraj Insignia, a residential project launched by Dheeraj Realty
interest rates (repo and reverse repo). in Mumbai, said a top official at Kotak Realty.
The RBI has taken these actions to Dheeraj Insignia is located in Bandra East, close to the Bandra
implement a further tightening in the monetary policy in order to Kurla complex (BKC), a business hub in Mumbai. Read More….
control the rising inflation rate. The inflation rate is rising quite
sharply since the beginning of this year and the RBI has taken Source: LiveMint
these tightening measures with small steps thrice since January. DID YOU KNOW ?
Read More… The fund plans to invest around $100
million (Rs446 crore) over the next
Source: ET six-eight months
PE investors in real estate now demand a big- Real estate issues face
ger role uphill task
9th May,2010 16 of these deals were by domestic funds 12th May,2010
and foreign funds did only four.
They are back on the table, but aren‘t ―Investments are currently being done more Realtors plan to raise Rs 12,000 crore in coming
willing to play sleeping partners any by domestic funds. Real estate values have months.
more. Private equity firms which made dropped drastically all over. This makes Real estate companies appear to be the worst hit
big ticket transactions in the housing returns in their home country seem far more by the ongoing global uncertainties, coupled
business during the peak are now cutting attractive. It will be some time before we with the new norms for primary market issu-
deals only if they are given to play the see the comeback of big ticket deals,‖ says ances. At a time when confidence is yet to fully
lead role. While that is a good sign for Arun Natarajan, chief executive officer of return to the market, experts feel this rate-
industry, it still raises doubts that all Venture Intelligence.Read More... sensitive sector will see only subdued response
may not be well in the real estate sector. from investors. This could come as a blow to
Venture Intelligence, a research firm Source: ET the companies, which plan to raise Rs 12,000
tracking PE deals and mergers and ac- crore in the coming months.Read More...
quisitions, tracked 20 transactions worth
$393 between Oct 2009-March 2010. Source: BS
ICICI Venture plans $500 mn infra fund Shristi Infra to invest Rs 2,000
crore in three states
Mumbai: India's ICICI Venture, the private equity arm of lender ICICI Bank , 12th May,2010
plans to launch a $500 million fund by July to invest in infrastructure projects,
its chief executive said. Kolkata: Shristi Infrastructure Development Corpora-
tion said Wednesday it would invest Rs.2,000 crore
"In the private equity context I would put education (and) hospital as part of over the next three years in seven smaller cities in three
infrastructure, but there is also a big opportunity on serious infrastructure like states.
roads, ports, power," Vishakha Mulye told Reuters in an interview.
The money would be used to build integrated town-
India has made building of roads, bridges, airports and power plants a priority ships, healthcare facilities, hospitality and sports facili-
and expects private firms to fund half ties, retail malls, logistics hubs and commercial and
of a projected $1 trillion in DID YOU KNOW ? residential complexes in West Bengal, Tripura and
infrastructure between 2012 and Rajasthan, company director Hemant Kanoria told
ICICI Venture also plans to launch a $100-
2017. Read More... million fund in India. The fund will be media persons here. Read More...
launched in the next couple of months, and
Source: ET will invest in residential projects Source: ET
Jaypee Infratech prices IPO at Rs 102 per 18-acre Marol plot goes up for
Infrastructure firm Jaypee Infratech has priced its initial
public offer (IPO) at the lower end of the Rs 102-117 a Mumbai: With property prices once again showing
share price band following lukewarm investor response signs of spinning out of control, city builders have set
to the issue. Retail investors will be issued shares at 5% their eyes on the largest chunk of land that has recently
discount to the IPO price. come up for sale in the western suburbs.
Jaypee Infratech's IPO was subscribed 1.24 times and got bids for 27.39 crore An 18-acre industrial plot belonging to Borosil Glass
shares as compared with 22.17 crore shares on offer. The IPO was a combina- Works in Marol, Andheri (east), has been put on the
tion of fresh issue of equity shares and an offer for sale of 6 crore equity shares block—since January this year, a slew of leading devel-
by Jaiprakash Associates. Read More... opers have lined up to negotiate with authorised repre-
sentatives appointed by the company. Read More...
Gold Souk plans Rs 2,000-crore Auda to check migration to Ahmeda-
gems & jewellery SEZ in Gurgaon bad from nearby towns
New Delhi: Gold Souk – the jewellery
mall developer – is planning to set up a Ahmedabad: Ahmedabad Urban Development Authority (AUDA) is
gems and jewellery special economic focusing on developing towns in the vicinity of Ahmedabad as growth
zone (SEZ) with an investment of Rs centres.
2,000 crore in Gurgaon. The company The development authority will create basic infrastructural facilities in
plans to start work on the project these five towns at a cost of around Rs15 crore.
within this financial year. ―We want to develop Dehgam, Mahemdabad, Sanand, Kalol and Bareja
We have got 40 acres from the Haryana government. It is an as growth centres,‖ said AUDA chairman Dharmendra Shah. The work
ambitious project. We plan to have residential apartments on creating infrastructure such as roads, lights, drinking water, drainage
named Gold Souk City, apart from having gems and jewellery systems and storm water drainages will all be started soon. Shah said
manufacturers from Thailand and Dubai who will open their that road networks will be created in these towns within three months,
units in India,‖ Gold Souk Vice-Chairman and Joint Managing while the rest of the facilities will take longer.Read More...
Director Ashish Gupta said .Read More...
India's urban population to grow to 41 % by Delhi real estate regulator by
2030 this year-end
told the CIB World Congress in Man-
chester, United Kingdom, that some
estimates had placed this figure at 55 per 6th May,2010
cent by 2050.Ms Dhingra was speaking
at the plenary session on "Building a New Delhi: Delhi will have real estate regulator by
Better World - Experience and Chal- this year-end, Urban Development Minister S. Jaipal
lenges" at the conference.She said that, Reddy said Thursday. He also said the government
from 2003 to 2007, India witnessed an was talking to other states to have similar regulators.
unprecedented economic growth spurt at "The state governments have sounded positive. It
9%. Due to the economic slowdown of would take time to happen. But Delhi will get a regu-
12th May,2010 latory authority for the real estate by this year," Reddy
2008, however, this rate decreased to
between 6% and 7%; for a developing told.
New Delhi: India's urban population country, however, this is still an impres- He said the legislation process for the real estate regu-
is expected to grow to 41 per cent of sive rate of growth to maintain. Read lator for Delhi would soon be completed as the draft
the country's total population by the More... bill has been circulated to the stakeholders.Read
year 2030 from 28 per cent in 2001, More...
a top official has said. Source: Netindian.com
Ms Kiran Dhingra, Secretary, Hous- Source:ET
ing & Urban Poverty Alleviation,
Ahmedabad realty boom is music to APREA includes Pradeep Jain, Chair-
man, Parsvnath Developers as new
10th May,2010 townships, it is the Ajmera Group
and Gemstone Investments Ltd member of the board
Ahmedabad: The boom in which recently announced their
Ahmedabad realty and the arrival. 11th May,2010
good profits that can be made The Ajmera Group has, in fact, re-
here have spurred not only entered Ahmedabad‘s realty mar- New Delhi: In yet another milestone for Indian Real Estate Industry
the city‘s realtors into action, ket after almost 20 years. The and Indian Entrepreneurs, Mr. Pradeep Jain, Chairman, Parsvnath
but have also attracted some company, in association with city- Developers Limited is inducted on the board of APREA (The Asian
major Mumbai-based play- based Bakeri Realty, recently bid Public Real Estate Association). APREA has played a leading role in
ers. If sources in the city‘s successfully for 2.39 lakh sq me- representing and promoting real estate in Asia, particularly in the
real estate sector are to be tres of Calico Mills land at an areas of research and information, training for professionals and
believed, many of the Mum- auction on May 1. The two realty promoting real estate investment in Asia..Read More...
bai-based builders have plans companies together paid Rs211
to come up with affordable crore for the land. Read More... Source: Indiaprwire.com
housing schemes for the
middle income group. Source: DNA
After Godrej Properties and
Hiranandani Builders, who Realty becoming Wadias' prime asset
entered the city‘s real estate
sector with proposals of new
conference on Mumbai: Wadia Group chairman Nusli Wadia is diving headlong into the property
Formulation of business, putting his younger son Jeh Wadia in charge of projects for building malls,
five-star hotels and upscale homes on the family‘s sprawling land assets. Read
Banking Strategy for Real Estate More…
A town that has emerged from the shadows of Ban-
New Delhi: CREDAI NCR, the Delhi-NCR chapter
of the Confederation of Real Estate Developers‘ galore
Associations of India (CREDAI), the apex body of
real estate in India, organised a conference on For- 5th May,2010
mulation of Banking Strategy & the Economic
Outlook for Real Estate for 2010-11 here..Read
More... Till the other day, Hosur, the border town between Karnataka and Tamil Nadu
Source: Mynews.in was basking in Bangalore's glory. Read More...
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towards understanding the real estate industry in
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ing our prestigious clients in making an accurate
assessment of their real estate investments
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Estate Advisory firm. The company special-
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pany maintains an exhaustive database of
real estate data and continuously tracks
the market dynamics of the industry. The
firm is headed by Saurabh Tyagi who has
received his Engineering degree from the
prestigious Indian Institute of Technology
Roorkee (IIT Roorkee).
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