Puravankara firm buys Metro Cash & Carry’s 7.6 acre in Bangalore for Rs 405 cr

Puravankara firm buys Metro Cash & Carry’s 7.6 acre in Bangalore for Rs 405 cr

2018-10-01T11:05:16+00:00 On

Puravankara Ltd, one of India’s largest real estate developers, said one of its associate companies will buy a 7.6 acre plot in Bangalore’s Yeshwantpur from international retailer Metro to develop a commercial complex. The deal will be carried out through Keppel Puravankara Development…

GIC buys stake in Provenance’s Four Seasons project in Worli

GIC buys stake in Provenance’s Four Seasons project in Worli

2018-08-22T15:08:48+00:00 On

GIC, Singapore’s sovereign wealth fund, is acquiring a “significant minority stake” in Provenance Land, said the developer that partners with Canada’s Four Seasons Hotels to run the Four Seasons Hotel in Mumbai. The investment will be in an entity that owns the…

Godrej Properties booking value down 44% in Q1; Costs rise

Godrej Properties booking value down 44% in Q1; Costs rise

2018-08-02T12:41:44+00:00 On

Godrej Properties, among the few large and healthy real estate companies remaining in India, reported a disappointing set of numbers for the first quarter. The company said booking value, or the value of properties booked by customers in the three months, fell…

Indian real estate shows steady improvement, sales up 24% in 3 months

Indian real estate shows steady improvement, sales up 24% in 3 months

2018-07-10T12:47:07+00:00 On

  India’s real estate sector is witnessing a healthy turnaround with rising sales and declining inventory, numbers from Anarock Property Consultants revealed. According to the market tracker, there has been a 24% jump in real estate unit sales in the latest quarter…

K Raheja Corp launches Hyderabad flats starting at Rs 40 lakh

K Raheja Corp launches Hyderabad flats starting at Rs 40 lakh

2018-06-14T16:09:07+00:00 On

K Raheja Corp, one of India’s biggest real estate developers, announced the launch of the fourth tower of its Raheja Vistas project in Nacharam in Hyderabad East. The tower will have 12 storeys and offer 2- and 3-bedroom flats starting at Rs…

Singapore-based Gamnat to invest Rs 1,000 cr in Godrej Properties

Singapore-based Gamnat to invest Rs 1,000 cr in Godrej Properties

2018-05-04T13:38:16+00:00 On

Real Estate player Godrej Properties said Singapore-based Gamnat Pte Ltd wil invest Rs 1,000 cr in the company. The investment will be carried out at  a share price of Rs 783.50, roughly equal to today’s opening price. Shares of the company shot…

DB Realty wins case involving 244 acres next to Mira Road railway station in Mumbai

DB Realty wins case involving 244 acres next to Mira Road railway station in Mumbai

2018-05-03T11:57:09+00:00 On

DB Realty Ltd said a civil judge in Thane has dismissed a petition by the central government that disputed the company’s ownership of 244 acres of land next to the Mira Road railway station in Mumbai, one of the fastest growing suburbs…

Real Estate player Sobha enters Gujarat with 500-cr GIFT project

Real Estate player Sobha enters Gujarat with 500-cr GIFT project

2018-04-16T17:13:57+00:00 On

Bangalore-based real estate player Sobha Ltd said it will enter the Gujarat market with a Rs 500-cr residential project in GIFT City in Ahmedabad. The project will have about 1,000 apartments that to support the ‘walk to work’ concept underlying the smart…

Oberoi Realty Group places two more orders with Capacit’e Infraprojects

Oberoi Realty Group places two more orders with Capacit’e Infraprojects

2018-04-04T10:26:18+00:00 On

Construction company Capacit’e Infraprojects said it won two orders from Mumbai-based Oberoi Realty Group for a total of Rs 365 cr. The first is for the construction of a residential “rehab and sale tower” at Tardeo in South Mumbai. The order was…

Godrej Properties taps Fund Management to co-develop Godrej Two tower

Godrej Properties taps Fund Management to co-develop Godrej Two tower

2018-03-19T10:48:15+00:00 On

Godrej Properties Ltd said Godrej Fund Management will invest into its ‘Godrej Two’ commercial building project in Vikhroli. Godrej Fund Management was set up by the real estate company three years ago primarily with the purpose of raising funds for its real…

Puravankara announces Rs 1,000 cr ‘premium affordable’ project in Goa

Puravankara announces Rs 1,000 cr ‘premium affordable’ project in Goa

2018-03-15T18:04:00+00:00 On

Bangalore-based real estate player Puravankara Ltd said it will invest Rs 500 cr to develop a 32 acre project near Dabolim in Central Goa. The company expects to generate sales of close to Rs 1,000 cr over the next five years from…

IOCL, HPCL, BPCL open to buying petrol pump land – Pradhan

IOCL, HPCL, BPCL open to buying petrol pump land – Pradhan

2018-03-13T10:03:51+00:00 On

State-owned oil marketing companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum, are open to buying the land on which their retail outlets are located to offset rising real estate prices, oil minister Dharmendra Pradhan said. Pradhan was responding to a concern about…

Singapore’s GIC Realty looking to invest in Prestige Estates’ office business

Singapore’s GIC Realty looking to invest in Prestige Estates’ office business

2018-02-26T10:19:52+00:00 On

Bangalore-based real estate player Prestige Estates Projects said Singapore-based GIC Realty Pte Ltd, the country’s sovereign wealth fund, has signed a term sheet to explore the possibility of acquiring a ‘significant minority’ stake in the Indian company’s commercial buildings business. The term…