http://www.blogigo.com/HOUSING_FOR_ALL en nikkipinki nikkipinki Mon, 28 Apr 2008 08:35:22 +0200 daily 1 Indian Railways plans to invite bids from real estate developers to set up commercial complexes on its vacant land, as part of efforts to increase revenue. In a written reply to Parliament, minister of state for railways R Velu also said private investment would be sought to modernise 26 major stations. The ministry has set up Rail Land Development Authority for commercial development of vacant railway land for generating revenue. "As per current thinking, railway land is to be given to developers for commercial development through transparent bidding process on long term lease basis for development work without any budgetary resources," he said.                                                                                      ... Mon, 28 Apr 2008 08:35:22 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/RLYS-TO-SEEK-BIDS-FOR-DEVELOPING-VACANT-LAND/85/ http://www.blogigo.com/HOUSING_FOR_ALL/RLYS-TO-SEEK-BIDS-FOR-DEVELOPING-VACANT-LAND/85/ The counter of Shree Precoated is witnessing sustained investment-based buying by investors . The buzz is that the company is going to register good numbers. Analysts say the company is expected to report a PAT of about Rs 240-250 crore on revenue of Rs 2,000 crore for FY2007-08. The company is looking to develop its 67 acres Kanjuurmarg property, which it had acquired for Rs 42 crore about 30 years ago. The current market value is estimated to be about Rs 4,000 crore. The total cost of the project would be to the tune of Rs 5,000 crore and would generate a revenue of about Rs 1012,000 crore over five years. It is already developing its Bhakti Park project in Mumbai. Analysts expect the company to achieve a total topline of about Rs 3,000 crore with about Rs 500 crore bottomline for FY 2008-09.s This is largely due to low land acquisition cost and low debt. When contacted, company officials refused to comment on the same. The stock closed at Rs 195, down about 4% on Thursday.  ... Sat, 26 Apr 2008 11:24:20 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/THE-LAND-BANK-AGAIN-AND-THE-BENEFICIARY-SHREE/84/ http://www.blogigo.com/HOUSING_FOR_ALL/THE-LAND-BANK-AGAIN-AND-THE-BENEFICIARY-SHREE/84/ Inspired by the architecture of the land that gave the world its greatest works of art. From Michelangelo's frescos to Leonardo da Vinci's unrivalled Mona Lisa.   IDEB presents exceptionally designed Italian homes on the Pune-Ahmed Nagar Highway. The only residential enclave in Wagholi, one of Pune's fastest developing locality and soon to be a major IT hub.   Merely a hop away from Ranjagaon Industrial City Estate and a whisper away from MIDC's proposed SEZ. Yet housed in a cocoon of lush green open spaces. A haven in the name of home. A true bella figura in the Italian order.   Springdale is a FAR cry from the concrete jungles that outline most urban locales.   The homes here are exceptionally landscaped and carry with them a distinct flavor of Italian Lifestyle. Located in a calm, serene atmosphere with all facilities within reach, Springdale is spread over 23 acres, with ample space around every home.   The houses vary from independent... Fri, 25 Apr 2008 09:31:38 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/SPRINGDALE-EXECPTIONALLY-DESIGNED-ITALIAN-HOMES-WAGHOLI/83/ http://www.blogigo.com/HOUSING_FOR_ALL/SPRINGDALE-EXECPTIONALLY-DESIGNED-ITALIAN-HOMES-WAGHOLI/83/ Inspired by the architecture of the land that gave the world its greatest works of art. From Michelangelo's frescos to Leonardo da Vinci's unrivalled Mona Lisa.   IDEB presents exceptionally designed Italian homes on the Pune-Ahmed Nagar Highway. The only residential enclave in Wagholi, one of Pune's fastest developing locality and soon to be a major IT hub.   Merely a hop away from Ranjagaon Industrial City Estate and a whisper away from MIDC's proposed SEZ. Yet housed in a cocoon of lush green open spaces. A haven in the name of home. A true bella figura in the Italian order.   Springdale is a FAR cry from the concrete jungles that outline most urban locales.   The homes here are exceptionally landscaped and carry with them a distinct flavor of Italian Lifestyle. Located in a calm, serene atmosphere with all facilities within reach, Springdale is spread over 23 acres, with ample space around every home.   The houses vary from independent... Fri, 25 Apr 2008 09:30:39 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/SPRINGDALE-EXECPTIONALLY-DESIGNED-ITALIAN-HOMES-WAGHOLI/82/ http://www.blogigo.com/HOUSING_FOR_ALL/SPRINGDALE-EXECPTIONALLY-DESIGNED-ITALIAN-HOMES-WAGHOLI/82/ Mahindra Lifespace Developers (MLD), the real estate arm of $4.5-billion Mahindra Group, would invest close to Rs 800 crore in its six upcoming residential projects in Mumbai, Pune, Chennai, Delhi and NCR over the next 2-3 years, reports Pramugdha Mamgain from New Delhi. With the launch of its residential project in Faridabad recently, the company entered the real estate market of North India. The real estate firm is targeting a turnover of Rs 1,000 crore in the next five years against Rs 163 crore in 2006-07. So far, the company has completed projects in Mumbai, Pune and Chennai and is now entering the northern region. "With the launch of Chloris, the residential project in Faridabad, we made our presence in real estate market of the North. We are coming up with a similar project in Delhi spread over 17 acres," said MLD CEO Pawan Malhotra. He added the company is looking at expanding into other areas of the region including Chandigarh and Himachal Pradesh. Asked about funding... Wed, 23 Apr 2008 13:11:56 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/MLD-TO-INVEST-4.5-B-IN-RESIDENTIAL-PROJECTS/81/ http://www.blogigo.com/HOUSING_FOR_ALL/MLD-TO-INVEST-4.5-B-IN-RESIDENTIAL-PROJECTS/81/ The property division of engineering and construction company Larsen & Toubro was on monday given possession of the land for commercial complex of seawoods Darave railway Station at Navi Mumbai the venture with the ity and industrial development corporation of maharshtra cideco, o ver 40 acres is estimated at the 3500 cr is to be develk9oped over thre yesra. This involes developing between foru and ive million saft of commercial space of office complexeds shopping malls star-hotels, multiplexes and service apartments. l&t baged the development rights for rs 1,809 crore in feb this year, outbidding other biggies such as DLF and Indiabulls Wed, 23 Apr 2008 08:52:54 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/L-T-GETS-LAND-FOR-RS-3500-CR-MUMBAI-PROJECT/80/ http://www.blogigo.com/HOUSING_FOR_ALL/L-T-GETS-LAND-FOR-RS-3500-CR-MUMBAI-PROJECT/80/ ISSUES THAT A LEGAL OPINION COVERS IN PROPERTY TRANSACTIONS   Getting a legal opinion is important during acquisition of any property. This is an integral part of the property acquisition process. The purchase of property is a complicated process. This is compounded by the fact that each State has its own systems of acquisition and transfer of property. The land records are generally in the local language. Going through the property documents is not easy. You need to go through a host of documents to trace out the ownership of the property. Although the purchaser can do an initial review of the documents, it is always advisable to have these documents vetted by a legal expert. The legal experts are in a much better position to review and give their opinion on the status of the property. They are generally much more aware of the local laws, and rules and regulations. A legal opinion should cover the status of the property:   Ø       Who is... Mon, 21 Apr 2008 14:23:38 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/LEGAL-OPINION-SAFEGUARDS-FROM-DISPUTES/79/ http://www.blogigo.com/HOUSING_FOR_ALL/LEGAL-OPINION-SAFEGUARDS-FROM-DISPUTES/79/ Documentation is an essential and complicated part of a property acquisition process. Different states have different requirements. There are many laws that govern the process. However, you should have a checklist of documents to be verified before deciding on purchasing a house. These documents should be scrutinised before giving any advance to the seller. It is always advisable to have these documents vouched by a legal expert.            Here are some documents you need to have checked:    Purchase of freehold residential plot or house     The main documents to be verified in such a case are:  Copy of the sale deed through which the seller got his title to the property Copies of all earlier sale deeds - to verify the chain of past owners of the property   Registration details of the sale deed Agreement to sell the property Receipts of payments made by the purchaser to the seller Copy of the sale deed for registration purposes  ... Sat, 19 Apr 2008 15:02:53 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/PROPERTY-DOCUMENTS-YOU-NEED-TO-CHECK/78/ http://www.blogigo.com/HOUSING_FOR_ALL/PROPERTY-DOCUMENTS-YOU-NEED-TO-CHECK/78/ Citigroup's real estate arm is set to invest around Rs 400 crore ($100 million) in Bangalore-headquartered Golden Gate Properties for about 10% stake, sources said. The deal is expected to value the tier-II real estate firm at a little over $1 billion. This marks Citigroup's back-to-back deals in the domestic real estate space in the last fortnight. Early last week, the global financial giant unveiled $160 million play in Delhi-based BPTP.   Golden Gate is primarily into residential market with about 20,000 units under development totaling 23 million sq ft across southern cities such as Bangalore, Chennai and Hyderabad. The company also has substantial land holdings extending into emerging centres like Mysore and Mangalore. Besides, Golden Gate is believed to be foraying into SEZ and mixed use development.    In January this year, Deutche Bank investment unit RREEF closed $70 million transaction picking up under 10% stake in the company. The private equity... Fri, 18 Apr 2008 12:06:54 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/CITI-REALTY-ARM-BUY-STAKE-GOLDEN-GATE-FOR/77/ http://www.blogigo.com/HOUSING_FOR_ALL/CITI-REALTY-ARM-BUY-STAKE-GOLDEN-GATE-FOR/77/ Mumbai has witnessed the world's highest (94.4%) increase in rentals of industrial space in 2007 from Rs 18 per sq ft per month to Rs 35 per sq ft per month ($10.88 per sq ft per annum). With this, the financial capital of the country leaped 11 positions to be 26th most expensive industrial locations in the world, said a global report on industrial space by real estate consultancy firm Cushman and Wakefield.                                           The rise in rentals of industrial space at Ranjangaon in Pune and IMT Manesar in the National Capital Region is fourth and sixth highest in the world. In Ranjangaon, the rentals went up from Rs 12 per sq ft per month in December 2006 to Rs 18 per sq ft per month in December 2007. In IMT Manesar, the rentals went up by 30% to Rs 13 per sq ft per month from Rs 10 per sq. per month. Rentals in prime area like Delhi's Okhala Industrial Area also went up by 28.57% to Rs 45 per sq ft per month from Rs... Thu, 17 Apr 2008 07:46:56 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/GROWTH-OF-INDUSTRIAL-RENT-HIGHEST-IN-MUMBAI/76/ http://www.blogigo.com/HOUSING_FOR_ALL/GROWTH-OF-INDUSTRIAL-RENT-HIGHEST-IN-MUMBAI/76/ While there is talk of a demand crunch hitting the real estate industry developers still see prospects ahead, men for luxury Projects. Mumbai-based developer Lodha Group has launched luxury residences branded Lodha Marina at Mumbai's harbour zone of Sewri. With close proximity to Worli, Prabhadovi and Lower Parel, easy connectivity to 'Nariman Point, and Bandra-Kurla Complex business districts, Lodha Marina is positioned at the higher and of the market. Wed, 16 Apr 2008 08:51:12 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/LODHA-LAUNCHES-LUXURY-RESIDENCES/75/ http://www.blogigo.com/HOUSING_FOR_ALL/LODHA-LAUNCHES-LUXURY-RESIDENCES/75/ Unity Infra-projects Limited has bugged Live orders worth Rs 221.85 Crore to build a mall-hotel-multiplex project at Pune for Vamona Developers Pvt. Ltd. at an estimated value of Rs 133.89 crure. In Hyderabad, Unity is building five towers with a basement and a podium at Kondapur for Kondapur Tower Pvt Ltd. The contract is worth about Rs 88.26 Crore.  Tue, 15 Apr 2008 14:55:52 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/UNITY-BAGS-TWO-ORDERS-WORTH-RS.221/74/ http://www.blogigo.com/HOUSING_FOR_ALL/UNITY-BAGS-TWO-ORDERS-WORTH-RS.221/74/ Hirco PLC, the investment vehicle of Mumbai-based Hiranandani Developers, has announced that sales of residential units in Phase 1 of its Hiranandoni Palace Gardens township development in Chennai continue to be robust both in terms of volume of units sold and the level of pricing achieved. As of March 31, sales revenues have been received on proximately 15.62.820 square feet at on overage price of RS 3,906 per square foot. Tue, 15 Apr 2008 12:23:16 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/HIRCO-S-CHENNAI-PROJECT-REPORTS-ROBUST-REVENUES/73/ http://www.blogigo.com/HOUSING_FOR_ALL/HIRCO-S-CHENNAI-PROJECT-REPORTS-ROBUST-REVENUES/73/   Relieving its budget allocation for the financial year 2008-UH Delhi-based realty player Omaxe Ltd. has outlined its new budget amount for the New Year. The developer plans to push up its ad spend to Rs 100 crore from Rs 80 crore. Hath print and electronic media will be covered by the budget, which could be aimed at boosting demand amid a period of correction in the industry and inflationary pressures in the economy Tue, 15 Apr 2008 08:36:59 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/OMAXE-INCREASES-AD-BUDGET-TO-RS-100-CRORE/72/ http://www.blogigo.com/HOUSING_FOR_ALL/OMAXE-INCREASES-AD-BUDGET-TO-RS-100-CRORE/72/ Cleridges will construct 1500 New Rooms at a cost of Rs.200 crore Group CONDERING TO OPEN HOTELS AT SEVEN PLACES with the entry into foreign markets and planning to expand in few cities of the country, cleridges Hotel Pvt. Ltd. will ad 1500 new rooms in its Hotel by investing Rs 1200 crore within next five years. Cleridges Hotel MD and CEO Peter J.Letgrb told the correspondent here "for investing in property we have a capital of 30 crore dollars. We are planning to open hotels at seven places so that the number of rooms may become from 1000 to 1500.   Letgeb said that for expansion of market, company is considering all types of alternatives. It includes organic and inorganic methods, shares, long term agreement for expansion etc. however, the company is not in favour of giving franchisee. He told that where the company is planning to open hotels in the country includes Hyderabad, Chennai, udaipur, Pune, and Keral. Letgeb said "we are in search of important areas in India and... Mon, 14 Apr 2008 14:32:21 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/CLERIDGS-HOTELS/71/ http://www.blogigo.com/HOUSING_FOR_ALL/CLERIDGS-HOTELS/71/ PROPERTY PRICES have shot through the roof on MG Road. For two small shops of 6000 square feet each, shopkeepers now pay something between Rs 1.5 and Rs 2 lakh per month. According to the tenants, there has been an increase of 10-15 percent in the property rates here once the Metro line is ready; landlords say property pries will rise further.   “We did not get any rents for about two years. Now that desealing has taken place, it is natural that property prices are going up,” said Vijender Kumar Lohia. But the landlords are also worried about the future. “What if the shops are sealed again? May be this is a temporary sop in an election year (Delhi Assembly elections are due later this year), “said Lohia. Some shopkeepers still prefer to pay the increased rents then shifts from MG Road. “I have invested lakhs in furnishing this showroom and if I have to remove all this, my investment would go waste,” said Deepankar Chaudhary, who runs a shop... Mon, 14 Apr 2008 09:46:06 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/SKY-HIGH-PROPERTY-PRICES/70/ http://www.blogigo.com/HOUSING_FOR_ALL/SKY-HIGH-PROPERTY-PRICES/70/ Global investor Lehman Brother has picked       up a 40 per cent stake in the upcoming IT Park project of property developer Peninsula Land (PLL) in Hyderabad. Lehman is expected to hold the remaining 50 crore into the project. PLL is expected to hold the remaining 60 per cent. The initial cost of the project , including land, is Rs 125 crore and the development cost is nearly Rs 1,400 crore. The company is planning to fund the project through debt and draw more funds from Lehman if required, sources said. First priority Sat, 12 Apr 2008 09:02:18 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/LEHMAN-BUYS-40-IN-IT-PARK/69/ http://www.blogigo.com/HOUSING_FOR_ALL/LEHMAN-BUYS-40-IN-IT-PARK/69/ Hong Kong-based Citi Property Investment, the real estate investment arm of Citibank, is investing $160 million (Rs 650 crore) in Delhi based realty major BPTP to develop four special economic zones in Noida, Greater Noida, Faridabad and Gurgaon, BPTP sources said. According to sources, a special purpose vehicle has been formed for the purpose. Citi Property Investment holds 40 per cent in the SPV, while the remaining 60 per cent is with BPTP. However, this is not Citi Property Investment's first investment in BPTP. In 2007, the Citi arm picked up 5.89 per cent in the company for Rs 322.50 crore.   BPTP has been in the news recently for bagging the country's largest land deal worth Rs 5006 crore to develop commercial projects over 94 acres in Noida.   The four InfoTech SEZs developed by BPTP total up to 206 acres. The company plans to develop six million sq ft. of area, out of a total area of 20 million sq ft in the first phase. "The investment by Citi... Fri, 11 Apr 2008 12:41:23 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/CITI-ARM-PLANS-160M-BPTP-INVESTMENT/68/ http://www.blogigo.com/HOUSING_FOR_ALL/CITI-ARM-PLANS-160M-BPTP-INVESTMENT/68/ MOSCOW: Eyeing huge potential in India’s construction and reality market ahead of the 2010 Commonwealth Games, Russian Conglomerate Systema on Tuesday announced plans to develop hotel offices and residential complexes in major cities with an initial investment of $10-200 million. The Russian giant has partnered with Syam Group, which has dievested 51% stake in its telecom enture in faour of Sistema, said Yevgeny Kolodkin, vicepresident (strategy and business development) of Sistema’s construction subsidiary. The Systema- Shyam JV would be developing a 22-acre plot in Gurgaon , on the outskirts of Delhi, he said, adding that the land bank is owned by Shyam Group promoter Rajiv   Mehrotra   and the ratio of investment between the Russian and Indian partner is being negotiated. Thu, 10 Apr 2008 14:15:35 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/SYSTEMA-TO-INVEST-UP-TO-200-M-IN-REALITY-SECTOR/67/ http://www.blogigo.com/HOUSING_FOR_ALL/SYSTEMA-TO-INVEST-UP-TO-200-M-IN-REALITY-SECTOR/67/ Dubai Based company EMAAR properties shall establish, in association with Mario International inc., four hotels by investing more than 40 crore dollars.The company informed that these hotels shall be established in New Delhi, Amritsar ,   Hyderabad and Kolkata . The construction of these hotels is expected to complete by 2010. In all 912 rooms will be constructed in these hotels. Thu, 10 Apr 2008 14:12:05 +0200 http://www.blogigo.com/HOUSING_FOR_ALL/EMAAR-WILL-ESTABLISH-FOUR-HOTELS-COST-CRORE-DOLLARS/66/ http://www.blogigo.com/HOUSING_FOR_ALL/EMAAR-WILL-ESTABLISH-FOUR-HOTELS-COST-CRORE-DOLLARS/66/