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Godrej-APG to jointly invest in 18-acre residential project in Bengaluru
Posted on Jul 15, 2015

BENGALURU: Godrej Properties and APG will jointly invest in a residential project in Bangalore on 18 acres plot off Kanakpura Road in the city.

The special purpose vehicle Godrej home Constructions will be developing a mid-income residential project", the company said in a release. The proposed project will be the fourth investment from the Godrej-APG anchored investment platform. "Bengaluru is one of the leading markets and is important growth region for Godrej Properties," said Pirojsha Godrej MD and CEO Godrej Properties.

Godrej Properties and a consortium led by Dutch pension service provider APG has also entered into an agreement for Rs 1,100 crore investment in residential projects across major cities in India. This was one of the first such partnerships that was forged between any developer and a fund. Godrej Properties and APG had earlier agreed to invest Rs 770 crore in residential projects across major cities in India and the investment platform size was later increased to Rs 1,100 crore.

Godrej Properties currently has 110.30 million sft of township, residential and commercial projects under development across the country.

As per the latest report by Knight Frank the real estate sector in Bangalore is continuing to outperform other sectors. Recently, Realty developer Mahindra Lifespace Developers and an investment arm of Standard Chartered Bank have jointly invested around Rs 450 crore in a residential project in Bangalore.

Fund houses such as Xander, Ascendas, StanChart RE, Canada Pension Plan Investment Board and Blackstone are some of the fund that committed big buck to the Indian real estate sector. While Canada Pension Plan Investment Board invested $200 million in Shapoorji Pallonji Group, StanChart RE invested $100 million in Mahindra Lifespaces and Ascendas has acquired 2 million sq. ft of office space from Phoenix Group for $110 million in 2013.


Loans against property to double to Rs.5 lakh crore by 2019: CRISIL
Posted on Jul 15, 2015
CRISIL expects the loans against property (LAP) business to grow at 22 per cent annually in the next four years, and double to Rs.5 lakh crore by March 2019. However, risks in the segment are gradually building up because of intensifying competition. While relatively higher profitability will give lenders adequate cushion to absorb increase in cred ...

Axis Bank to offer higher interest for locked in fixed deposits
Posted on Jul 15, 2015
Axis Bank, Indias third largest private sector bank has launched a Fixed Deposit scheme titled “Fixed Deposit Plus”, which gives customers a higher rate of return on their fixed deposit investment compared to regular Fixed Deposit rates.The differential rates on Fixed Deposit Plus with a lock in are currently available for a minimum period of 1 ye ...

Navi Mumbai land prices up by 20-25%
Posted on Jul 15, 2015
NAVI MUMBAI: The base price of land plots in Navi Mumbai have gone up by 20-25%, informed Cidco spokesperson. ''The decision to revise the land rates was taken by the Corporation on June 23 after taking into consideration all the factors associated with the city's growth, development and real estate value,'' informed the spokesperson.The exact land ...

Godrej Properties adds a new residential project in Bengaluru
Posted on Jul 14, 2015
The Mumbai based real estate developer enters into a joint venture partnership to develop a residential project in BengaluruGodrej Properties, the real estate development arm of the Godrej Group, has entered into a partnership to develop a residential project on the DoddaballapurYelahanka main road in North Bengaluru. The proposed project will offe ...

DDA & NBCC ink MOU for Residential-Commercial project
Posted on Jul 14, 2015
Delhi Development Authority (DDA) signed a Memorandum of Understanding with National Buildings Construction Corporation Ltd (NBCC) for joint development of ‘Lake View Complex – a project near Trilokpuri in NCR.“The 26-acre commercial land will be developed on Transit Oriented Development (TOD) norms in partnership with NBCC. The site overlooks San ...

Lodha Developers opens IPO Style Pre-launch in Prime Central Thane
Posted on Jul 14, 2015
Lodha Developers, the largest real estate developer in the country, has opened bookings for the pre-launch of its latest development - a world-class neighbourhood spread over 88 acres in Prime Central Thane. Over 1,500 applications were received on Day 1 of the IPO-style application process, which is a new innovation in real estate, building upon t ...

Home along GST Road up for grabs at just Rs 30L
Posted on Jul 14, 2015
Mukund Ravindran plans to buy a property in GST Road. He has recently shifted from Bengaluru and wants to know if it is a good idea to buy a property for investment purpose.For a lot of home buyers, arriving at the right property can be quite a task. You have to keep in mind the investment potential of the area, budget, conveniences, safety and the ...

Unitech raises Rs 70 crore from Piramal group for Chennai project
Posted on Jul 14, 2015
NEW DELHI: Realty firm Unitech Ltd has raised about Rs 70 crore from Piramal group to complete construction of its joint venture housing project in Chennai.The company is developing about 49 acres project 'North Town' in Chennai in partnership with another realty firm Arihant. About 2,400 flats and villas are being developed. According to sour ...

Indiabulls to launch PE funds to tap opportunities in realty space
Posted on Jul 14, 2015
Indiabulls Asset Management Co. Ltd, a subsidiary of private housing finance company Indiabulls Housing Finance Ltd (IBHFL), is set to launch a series of private equity funds to tap the investment opportunity in the Indian real estate space. Close on the heels of its recently launched first fund—Indiabulls Real Estate Fund (IREF), a Rs.500 crore pu ...

ICICI Bank Reduces Base Rate
Posted on Jul 09, 2015
NEW DELHI: Days after the government urged banks to cut interest rates in line with the apex bank's earlier monetary policy easing, the country's leading private sector lender ICICI Bank on Thursday announced a reduction of 0.05 percent in its base rate.According to the bank, the reduction in the "ICICI Bank Base Rate" (I-Base) will come into effec ...

Office space demand hits a high after 2014 slump in Kolkata
Posted on Jul 09, 2015
KOLKATA: After a rather trying 2014 when a slump in lease-and-rental market kept newly built plug-and-play offices vacant, a steady offtake in Salt Lake Sector V and New Town in the first half of 2015 has provided fresh impetus to the realty business.Companies have finalized deals for over 6.27 lakh sq ft in the first five months of 2015. Among the ...

Mumbai office rentals dip 4% in Q1, Nariman Point rates down 3.4% in a year
Posted on Jul 09, 2015
MUMBAI: Mumbai, the country's commercial capital, has witnessed 4% drop in average prime office rentals in the first quarter ended March. Exorbitant real estate prices and the shift in demand from Mumbai's Central Business District Nariman Point to the secondary business districts like Bandra-Kurla Complex in suburbs has resulted in this.The city's ...

Mahindra Lifespace surges on launching second phase of Happinest at Chennai
Posted on Jul 09, 2015
Mahindra Lifespace Developers is currently trading at Rs. 439.00, up by 4.75 points or 1.09% from its previous closing of Rs. 434.25 on the BSE.The scrip opened at Rs. 441.75 and has touched a high and low of Rs. 441.75 and Rs. 430.00 respectively. So far 1995 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touche ...

'Financing realtors to cut housing cost'
Posted on Jul 09, 2015
MUMBAI: HDFC chairman Deepak Parekh has called for an end to the ban on loans for acquiring property for development. According to Parekh, easing finance to developers would help bring down cost of houses."In 2006, the regulators prohibited banks and HFCs (housing finance companies) from funding land transactions. Such actions may be justifiable wh ...

Experion Developers launch Windchants
Posted on Jul 08, 2015
Windchantsis a unique blend of Residential Mix of over 3.1 million sq. ft of Built areas and has 35 Low rise Villas, 68 Mid-rise Duplexes and 460 High Rise Apartment and Condominiums, overlooking the Delhi Greens, in over 23.4 acres in Gurgaon, India. The development is a symphony weaved around landscaped hubs clustered with theme activities.Windch ...

Milestone Capital Advisors investsin Landmark Developers
Posted on Jul 08, 2015
Real estate private equity firm Milestone Capital Advisors has investedRs. 75 crore in Landmark Developers, Chennai, for developing a four-acre residential project in OMR, Chennai.This investment will be utilised for Landmarks new residential project ‘Torrence in Pergundi. The investment will be made through Milestones real estate development fu ...

Commercial Properties Ensures High Return with Maximum Safety
Posted on Jul 08, 2015
Contrary to the popular belief, real estate is not always a risky gamble. Commercial Properties are the biggest and most stable attraction in real estate market today. It is also said to be more profitable than investing in residential properties.The commercial real estate space prices at present are at rock bottom as compared to residential proper ...

Banks may cut rates after FM’s push
Posted on Jun 22, 2015
Delhi/NCRBanks are expected to reduce interest rates in the days ahead after Finance Minister Arun Jaitley prodded them to ease rates to ensure that there was a better transmission of RBI's rate cuts. "The Union finance minister Arun Jaitley asked the chief executive officers (CEOs) of both the Public Sector Banks (PSBs) and private sector banks th ...

Prahladnagar: A commercial & residential hub
Posted on Jun 22, 2015
AhmedabadPrahladnagar, an excellently planned area comprising of a consolidated four town planning schemes, has developed quite well over the years. The area is known for extensive road network and well planned streets. The area also boasts of community facilities. The planned allotment of plots has helped in balancing of resources such as well man ...




Recent Articles
Godrej-APG to jointly invest in 18-acre residential project in Bengaluru
Loans against property to double to Rs.5 lakh crore by 2019: CRISIL
Axis Bank to offer higher interest for locked in fixed deposits
Navi Mumbai land prices up by 20-25%
Godrej Properties adds a new residential project in Bengaluru
DDA & NBCC ink MOU for Residential-Commercial project
Lodha Developers opens IPO Style Pre-launch in Prime Central Thane
Home along GST Road up for grabs at just Rs 30L
Unitech raises Rs 70 crore from Piramal group for Chennai project
Indiabulls to launch PE funds to tap opportunities in realty space

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