Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.
Godrej Properties, is on the horizon as it unlocks value in its high-value Bandra-Kurla Complex (BKC) project.
Footfall at malls are down 20-25 per cent in the past couple of years.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
Chefs in Mumbai are unleashing their creativity to woo gourmets with global vegetarian fare. Mini Ribeiro picks her 10 favourite restaurants.
Housing sector to benefit from Budget.
Retailers and mall developers have seen 35-50 per cent growth in the first two weeks of the end-season sale.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
The Swedish fashion-retail brand cracks open the Indian market faster than its competitors, gaining from an aggressive pricing and retail policy.
Investors booked profits at higher levels despite the growth oriented Budget.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.
Over the weekend and Labour Day, a change seemed to have come over the former secretary and her memory had all but deserted her. Not unexpectedly, Kajal Sharma had lost much of her exactness. Her vocabulary had shrivelled to four or five words.
How bridge keeps corporate India sharp and quick-witted.
A buoyant economic mood and tempting discounts, both online and offline, are fuelling a shopping frenzy this Diwali.
What is Christmas without some traditional food?
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