Archive for May, 2009
Investment Flurry Stokes Hyderabad Real Estate
Hyderabad has become the first and favourite destination for several international players interested in real estate business to foray into Indian real estate market.
Over the last one year Hyderabad has attracted real estate builders such as Sunway Berhad Malaysia ACI Real Estate an affiliate of German Investment Company Alternative Capital Invest GmbH Property and Building Corporation PBC Electra Real Estate from Israel and the list goes on. The internationally acclaimed players have chosen Hyderabad properties as their gateway to explore the real estate business in the country.
They either forged alliance with a local partner or appointed franchisees to make a beginning Sunway Berhad Malaysia has formed a SPV with MAK Builders part of the MAK group to develop Hyderabad properties with an investment of Rs 350 crore. It holds about 60 equity in the SPV and would be pumping in 5 million into the project as FDI. The project would have 2 million sq ft of residential space besides some retail and commercial space and a hotel.
Emaar MGF Land Ltd one of India’s leading real estate builder announced the launch of ‘Boulder Hills Golf and Country Club’ its signature master planned integrated world class Leisure and Residential Community in Hyderabad. The launch of this project with a capital outlay of US 1.4 billion Rs 5610 crores is the first amongst a significant cache of Emaar MGF projects in South India. This launch marks the roll out of Emaar MGF’s ambitious project plans spanning residential commercial retail IT parks SEZs and hospitality sectors over the next few years at ten locations across South India. The project will be constructed by Multiplex Construction India Pvt Ltd. an equal partnership joint venture construction company between Emaar MGF and Multiplex Ltd. The project is likely to boost Hyderabad real estate prices.
IVR Prime Urban Developers would invest Rs 386 crore in the 9.6 acre gated community project at Kukatpally in Hyderabad comprising of a built up area of 1.325 million Sft and a parking area for 1200 cars.
Meanwhile Hyderabad Real Estate Prices are in tandem with the economic development in the region.
About the writer: George Gonigal provides you the best and latest information on Hyderabad Real Estate Builders If you want to Buy Apartments in Hyderabad he suggests you log on to magicbricks.com
Indian Real Estate: Still Hot For Foreign Investments
Indian Real Estate: J.P. Morgan Invests 97.6Million In Indian Residential Project
Having mobilised over 300million to focus on Indian real estate J.P. Morgan Property Fund is ready to set up a residential project in Chennai at an estimated cost of Rs. 400crore.
Arihant Foundations and Housing a Chennaibased realty developer in a joint venture with J.P. Morgan sanctioned by its Board of Directors will develop residential property spread over 45acres of land.
In a statement to the Bombay Stock Exchange BSE Arihant Foundations informed the joint venture will see a 50:50 equity participation from both partners.
The American firms India property fund is targeting key subcontinental economic centres for the development of real estate projects in partnership with local firms that include Mumbai Bangalore Chennai Kolkata Hyderabad and New Delhi among others.
Last year as well J.P. Morgan Asset Management announced the mobilisation of around 360million from US Asia Europe and the Middle Eastern institutional and high net worth investors HNIs for investing in the booming Indian real estate space.
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Source: IndiaRealEstateblog
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Indian Real Estate: Order Of The Day – Joint Ventures Rule
Expertise and real estate developers brand names are attracting a number of farmers businessmen and landowners to part with their lands for viable commercial deals.
Recently Ansal API tied up with Ludhiana based garment exporters Ritesh Industries for the purpose of coming out with a Rs. 800crore worth housing project and business park. We will provide them land while Ansals will do the construction and development. We will also do the marketing along with them. The project will have a small IT park a residential area and a commercial block. It will also have a minihospital says Sanjeev Arora Managing Director Ritesh Industries.
Taking 23 years to be completed the project will have 600apartments in the residential area while the business park will come up in an area of 1million sq. ft. Covering 42acres the project lies on the Ludhiana Chandigarh road. In addition Ritesh Industries is also coming out with new projects in Jalandhar Ludhiana and Amritsar.
Similarly Ansals has tied up with Rs. 400crore Bhatinda Chemicals to develop an integrated township in Bhatinda on a 230acre site. According to Rajendra Mittal Managing Director Ansal API better exposure and marketing strength are their driving force in these partnerships.
Another key developer in the region affirms that most of the industries and landowners have good land banks in prime locations. They want to enter the realty business and we are in the business since a long time. They provide us lands and we look after the development and marketing part he says.
Sanjeev Jain Managing Director of Parsavnath Developers says the company is going ahead with joint ventures with farmers landowners and businessmen across the country.
The group which has its presence in 16states and 46cities is not averse to having such tieups. Its purely a onetoone commercial deal where everyone benefits according to Jain.
While Kunal Banerji Vice President Marketing Ansal API says: The demand for good residential projects is very high and Punjab is a big market. The land prices over here are also going high and joint ventures will help both parties.
For more information on Real Estate Agents MLS visit Propertiesmls.com
Source: IndiaRealEstateblog
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