Through this, the company plans to bid for 35 non-metro airports coming up for development in India as well as international airport developments.
Amid the noise around multinational retail chains queuing up to enter India comes a calming revelation. According to management consultancy firm A T Kearney, not all retail biggies continue in the new markets that they enter.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
When Mumbai-born architect Mukesh Mehta first waded into Dharavi a decade ago, he went in as - in his own words - a mercenary looking to make money
Hiranandani, K Raheja Builders, Gamon Infrastructure and Kalpataru are reported to have shown interest in the Rs 9,300-crore project, launched by the Slum Rehabilitation Authority (SRA) of the Maharashtra government.
India's biggest realty firm, DLF is betting on special economic zones (SEZs). The zones will cover an area of 26,100 acres and the company expects to take control of the land in the next two years.
Lack of uniform valuation and disclosure standards could dampen the enthusiasm of investors in real state mutual funds once they are launched in the country.
Raghavendra Kamath and Ashutosh Joshi spoke to Kushal Pal Singh on the growth of Indian realty story and issues surrounding it.
Mumbai-based real estate firm Lodha Developers plans a public issue by the year-end to raise between Rs 2,000 and 2,500 crore (Rs 20 to Rs 25 billion), according to sources.
Buckling under pressure from mill land developers, the Maharashtra government is considering reducing the value of textile mill lands in its Stamp Duty Ready Reckoner
Global investment major AMP Capital Investors is launching a $500 million equity fund sometime soon this year to invest in infrastructure in India and China. This will be the third such fund from AMP.
The $4 billion tractor-to-IT conglomerate Mahindra & Mahindra is in talks with European fresh produce supply chain and distribution companies to set up a supply joint venture to cater to international and domestic markets.
The picture is becoming bigger for the core sector. Lower margins from infrastructure projects and expectations of a higher yield from real estate projects have seen many a core sector company jumping on the realty bandwagon.
The sales of construction companies are expected to rise in the current quarter and financial year on the back of strong order books and increased activity in infrastructure.
Three months after the Foreign Investment Promotion Board put its entry into India on hold, US coffee retail giant Starbucks has sent a revised application to operate single-brand retail stores under a restructured entity.
Rating agencies think repealing the archaic law would help attain greater transparency and efficiency and reduce problems in accessing funds overseas.
Joining the big league of the global hotel chains expanding in India, Hong Kong-based $2 billion JB group will set up as many as 20 hotels and shopping malls in the country over the next three years.
Move raises doubts about the viability of the business model in organised retail.
Real estate companies are rushing in on the opportunities galore around the two SEZs promoted by Reliance Industries.
With his Mumbai sojourn,Wal-Mart Vice-Chairman Michael Duke gave enough signals that Wal-Mart is testing waters before it actually enters the organised retail in India.
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