April 30, 2010
Volume 6, Issue 1
INSIDE THIS ISSUE:
Residential
2
Office Market
3
Hospitality/Health
4
Investment
5
Infrastructure/
Industrial
6
Real Estate Finance
7
Retail & General
8
Opinion Poll
Which sector do you think
is the next big thing in the
Indian Real Estate Industry ?
1.
Healthcare
2.
Education
3.
Old Age Homes
4.
Other
Participate
Ariston Advisory Group
specializes in:
Realty Monitor
Our group's philosophy is to reward shareholders:
Jaypee Group
27th April,2010
The Jaypee Group plans to raise around Rs 2,350 crore through an initial
public offering (IPO) of infrastructure subsidiary Jaypee Infratech. The company is raising Rs 1,650 crore through fresh issue of shares at a price band of
Rs 102-117 per share. In addition, the parent company, Jaiprakash Associates,
is divesting six crore equity shares through offer for sale at the same price. In
an exclusive interview with ET, group founder Jaiprakash Gaur said the IPO will help in funding the ongoing
165 KM Yamuna Expressway project and unlock the shareholders’ value. Excerpts:
Jaypee Infratech, with 6,175 acre of land, is developing five integrated townships between Noida and
Agra. Would you describe it as an infrastructure company or a real estate company?
This is an infrastructure company. We were awarded the expressway and land was given as part of the project.
Being an infrastructure player, the company was given 10-year tax holiday. At the same time, we have large
parcels of land along the expressway.Read More...
Source: ET
Banks open doors to realty; Lower bar, offer
fresh lending
26th April,2010
 Feasibility Study
 Development Options Study
 Market Research
 Valuation
 Strategy Consulting
 Location Analysis
 Due Diligence
The Reserve Bank of India's (RBI's) recent economic report may
have shown a sharp fall in lending to the real estate sector, but
CNBC-TV18 has learnt that banks have in fact lowered the bar,
and opened doors for fresh loan sanctions to developers after a
gap of almost two years. CNBC-TV18‘s Priyanka Ghosh reports.
The RBI's recent macro economic report says that lending to the
real estate sector has grown by a meager Rs 842 crore in the past year. That's mainly because the RBI has
changed its definition of "real estate lending" to exclude loans given for hotels, special economic zones
(SEZs) and ports. In reality, after a lull of 15-18 months, banks have finally begun fresh lending to selective
real estate companies in Q4FY10.
According to sources, Bangalore-based Sobha Developers received Rs 350 crore worth loan sanctions from a
clutch of nationalised and foreign banks. Puravankara had earlier indicated that it has received a Rs 200 croreloan at the end of 2009 and has in-principle approval for more loans. Sources also say that industry leaders
DLF and Unitech have both received bank funding to the tune of Rs 450 - 500 crore from a private sector
bank. Read More...
Source: moneycontrol.com
Realty Monitor
Buy your weekend home & the devel- 'Dream Homes’ will Become a Reality at ‘Thane Property 2010’
oper will manage it for you
26th April,2010
27th April,2010
Ahmedabad: Is having a home away from home possible? Yes, a Thane is among the ‗premier‘ residential destinations locations in
novel trend heralding a vision for
the Mumbai Metropolitan Region, on the suburban section of the
next generation farm-houses has
DID YOU KNOW ?
Central Railway. ‗Dream Homes‘ of a large number of home seekmade its foray into the city and
ers become a ‗reality‘ here, and the upcoming Thane Property
These schemes have a different
made this concept real.Read
2010 promises a wide range of ‗dream homes‘ for home seekers
concept where they offer to mainMore...
across budgets, sizes and amenities/ features. Read More...
tain not only the exterior of the
entire
scheme
plot
but
also
look
Source: DNA
Source: Businesswireindia
after your plot's interior landscape
as well as offer house-hold facilities
RBI to launch housing index
26th April,2010
Mumbai: The Reserve Bank has initiated an exercise to set up a
housing start-up index (HSUI) to track new residential projects in
Ansal API is returning to Gurgaon after nearly seven years, with a 31 major cities and measure the changes in construction activities.
Rs 1,000-crore township project planned in Sector 67. Esencia, the Read More...
new township, is expected to be launched in May.Read More...
Source: BS
Source: BS
23rd April,2010
‘There’s scope for price rise beyond Delhi
and Mumbai markets’
More houses likely to be created
Interview with MD and CEO of Mahindra Lifespaces, Anita Arjundas
23rd April,2010
28th April,2010
Jaipur: The new policy on township is likely to create more residential space. It has offered additional relaxations and allowed pubResidential and commercial real estate prices have started look- lic private partnership model for housing projects. The government
ing up. Do you think they are sustainable at these levels?
has also tried to ensure that the residential projects are developed
For Mumbai market, I can say that prices have moved up really fast within a specific time period.
and have gone back to their 2008 peak. We never scaled up or went In township and mini township schemes, nearly 42-44% of the
down significantly. Read More...
land will have to developed as road and public utility area. Of
Source: FE
this, 20% of the area will be for facilities like park, community
Sobha Developers to launch 7.72 m
sq ft
Residential News
Ansal to launch Rs 1,000crore township in Gurgaon
centre and other facilities.Read More...
Source: TOI
24th April,2010
Sobha Developers will launch 7.72 million square feet of residential
space, while it intends to sell about 3 million square feet in FY11, a
top official said on Tuesday. Read More...
Source: Moneycontrol.com
Unaffordable homes: Land bankers
to blame for sky-high realty prices
Bangalore residential market looks up
15thApril,2010
Ahmedabad: Real estate prices in Ahmedabad are hitting the sky
and people from the middle income group are finding it difficult to
The Bangalore residential market is getting back on track, and ac- buy their dream house at affordable prices in good localities. And
one of the major factors for the spiralling cost of property is the
cording to developers, ―things are looking better than before‖.
increasing number of land bankers..Read More...
Read More...
18th April,2010
Source: Hindu Business Line
Source: DNA
Page 2
Realty Monitor
Commercial real estate ‘Oversupply in realty to keep pressure on
outlook optimistic
DID YOU KNOW ?
rent’
15th April,2010
Once hailed as the growth engine of the real
estate industry, commercial realty suddenly
became a liability for developers and the
ready prime projects had no takers, during
the recent economic slowdown. With a
shortfall in demand and liquidity crunch,
'affordable housing' gained importance and
the focus of even commercial realtors took a
shift. Read More...
Source: ET
The central business districts of Kolkata
recorded the highest rise, both in the rental
as well as capital values, of 11% and 20%,
respectively
16th April,2010
New Delhi: Oversupply in the commercial real
estate space will continue to put pressure on the rental values despite a marginal increase
witnessed across major metros in the country, the latest ‗Office Market View‘ by international property consultants CB Richards Ellis said.
The report that covers pricing trends for the first three months of this year said the central
business districts of Kolkata recorded the highest rise, both in the rental as well as capital
values, of 11% and 20%, respectively.
Rental values in the Delhi-NCR‘s central business district witnessed a rise of 4% while
they remained constant in Mumbai, Chennai, Hyderabad and Pune.
Bangalore‘s market remained the only exception, where rentals corrected further by 4%.
Source: Livemint
22nd April,2010
25th April,2010
Ahmedabad: It seems that commercial properties are coming out of
the saturation period of the last two years.
The prices of these properties are still on the lower side by around
10% in the city compared to the situation a couple of years back, but
experts believe that property prices are likely to go up during the
current financial year.
The capital value of commercial properties in the city has not
reached the level of prices quoted in 2007-08. The office space on
CG road was priced in the Rs3500-Rs3750 per square feet in 200910. It was Rs3500-Rs4500 per square feet in 2007-08. Same is the
case in other commercial areas, such as Ashram Road and SG Road.
Read More...
New Delhi: Like integrated residential complexes, integrated commercial space developments are also taking roots in the country, a
senior official
of real estate consultancy firm Jones Lang LaSalle Meghraj has
said.
"This is an emerging trend and a saleable one as well," Jones Lang
LaSalle Meghraj Country Head Anuj Puri told PTI.
Such projects house office space, five-star hotels and retail area
among other facilities.
While Brigade Group has already done such a project in Bangalore, many more such projects are coming up in various parts of
the country."The developers' margin in such projects are higher as
compared to other projects," Puri said.
Source: DNA
Office space rentals in India
seen stable in 2010
26th April,2010
Rents for office space are seen stable in 2010 as increased spending
by IT and ITES firms absorbs space put out over the last few quarters, a recent survey by real estate consulting firm C.B. Richard Ellis
showed.
The market for commercial space in major Indian cities has seen a
boost in demand in the March quarter even as rents remain hobbled
by excess supply.
"I don't expect rentals moving up in the near future. The supply is
enough, although the market has picked up and office take-up has
improved," Anshuman Magazine, Chairman of C.B. Richard Ellis
(South Asia) told Reuters.
"It will take time before we see any upward movement in rentals.".Read More...
Source: www.moneycontrol.com
BPTP Ltd has launched a project, Capital City, in Noida, Nirmal
Lifestyle is doing such a project, Nirmal Galaxy, at Mulund in
suburban Mumbai.Read More...
Office Market News
Commercial realty prices zoom, Integrated commercial complexes
taking roots in India
yet below boom year levels
Source: ET
Office space rentals in India seen
stable in 2010
26th April,2010
New Delhi: Rents for office space are seen stable in 2010 as increased spending by IT and ITES firms absorbs space put out over
the last few quarters, a recent survey by real estate consulting firm
C.B. Richard Ellis showed.
The market for commercial space in major Indian cities has seen a
boost in demand in the March quarter even as rents remain hobbled by excess supply. Read More...
Source: ET
Page 3
Realty Monitor
Infinity Hotels to open its first hotel Asian Hotels: Demerger likely to
‘Basilico House’ in Goa by January boost valuation
2011
26th April,2010
19th April,2010
Mumbai: Infinity Hotels Pvt Ltd which
owns restaurants, Cafe Basilico and Koyla
plans to open its first hotel ‗Basilico House‘
in Goa by January 2011. The approximate
investment for the project is Rs four crore.
Plans are afoot to open a second outlet of Koyla (North West frontier
cuisine) in Andheri, Mumbai by May 2010 and in the pipeline are
Pune and Delhi. However, negotiations are on to franchise Cafe
Basilico in Jaipur and Hyderabad. Presently, Koyla is operational at
Colaba and Cafe Basilico at Colaba and Bandra in Mumbai..Read
More...
Will Asian Hotels‘ shareholders gain after its demerger into three
separate companies? Recently, the company split into three different entities — Asian Hotels (North), Asian Hotels (West) and
the Asian Hotels (East). Right now, only Asian Hotels (North) is
being traded on stock exchanges, and going by its current market
capitalisation, the gains to shareholders look uncertain. The other
companies are awaiting regulatory approvals to list next
month.Read More...
Source: ET
Uttarakhand-based hospitality group, Madhuban Group of Hotels
will undertake upgradation of Madhuban Hotel Dehradun shortly.
The four-star hotel will be upgraded to five-star deluxe hotel after
renovations.
S P Kochhar, Chairman and Managing Director, Madhuban Group of
Hotels said, ―The renovation will be completed in two years .There
are plans to include facilities like Coffee Shop, Shopping Arcade and
swimming pool.‖ Kochhar, who is also the President, Hotels & Restaurants Association of Uttarakhand and Doon Valley Hotels & Restaurants Association, plans to take the Madhuban brand to other tourist destinations of Uttarakhand in future. Read More...
Navi Mumbai-based Lakhani
Builders & Developers (LBD)
plans to foray into the hospitality segment with a mixedused development project in
Vashi, Navi Mumbai. However, the Group is looking for
potential financial investor for
its upcoming five-star hotel.
With two decades of experience in the real estate sector,
LBD has diversified into,
malls, education and commercial projects. Read More...
Source: HospitalitybizIndia.com
Source: HospitalitybizIndia.com
26th April,2010
Assotech enters healthcare biz
22nd April,2010
Real estate firm Assotech today
announced its entry into the
healthcare sector with an investment of Rs 150 crore to develop a
hospital with 400 beds at Patna, in Bihar. The hospital, Medilifecare
Multispeciality Hospital, is expected to open to the public by 2012end, Assotech Managing Director Sanjeev Srivastva said.
House for Senior
Citizens
Hospitality/Health News
Lakhani Builders & Developers to
set up five-star hotel, scouts for fiMadhuban Group of Hotels to up- nancial partners
grade its Dehradun property to five–
24th April,2010
star deluxe
Source: HospitalitybizIndia.com
24th April,2010
"Bihar needs a good healthcare sector so we have decided to fill the
gap. It will be a tertiary sector (super speciality) hospital with the latest facilities," he said. Asked about the management of the hospital, he
said Assotech will adopt a co-ownership model with doctors. Read
More...
The standard of living of senior citizens has undergone a seachange in the last few years. With their growing numbers, increased financial independence and change in mindset, the elderly, these days, have started living life on their own terms and
not at the mercy of their children and family. They are no longer
considered as a withdrawn, risk-averse and financially-dependent
section of the population. The immense potential of this segment,
with its unique needs and promises, offers an array of opportunities to the Indian real estate market. Read More...
Source: BS
Source: Indian Express
Page 4
Realty Monitor
Fund managers gung-ho about realty debt papers
28th April,2010
Mumbai: The outlook on real estate sector may not be too bright at the moment, but that is not deterring mutual funds from investing in
paper issued by property developers.Read More...
Source: ET
PEs gain upper hand in Inno expands its portfo- Mantri
Developers
realty deals
lio in India
tweaks
business
model; on course to
21st April,2010
20th April,2010
raise PE
Chennai: Inno a global investment group
focused on real estate with operation in
Europe,Middle East and India today announced the launch of two new business
verticals Read More...
Source: Techwhack.com
Source: BS
16th April,2010
The realty major has struck a Rs 550-crore
rental securitization deal to generate enough
cash to chase new projects. Read More...
Source: Reuters
Bengal's economy has a bleak fu- DLF arm buys out PE stake in group
ture? No way!
firm for Rs 3085 cr
19th April,2010
26th April,2010
Do trade and investments in West Bengal have a
Mumbai: In a move that could have far-reaching positive implicableak future? Have appalling rise in Maoist insurtions on the revenues of real estate major DLF, it has announced
gency, incessant strikes and political disturbance
that Caraf Builders & Constructions, a fully owned subsidiary of the
severely told upon the state's economy? Those who harbour such Gurgaon-based company, has raised its stake in DLF Assets (DAL)
notions need a rethink. Read More...
to 91%. Read More...
Source: TOI
Source: Rediff Business
Investment News
Steep ‗waterfall clauses‘, mezzanine, cashout deals feature in deals seen in the sector.
Recently, an international realty fund invested Rs 47 crore in a residential project
in Delhi in which the developer had put in
Rs 35 crore. Read More...
Asset bubble situation most likely to AB Financial Services plans Rs
happen in real estate
1,000-cr realty fund
22nd April,2010
Mumbai: In its recent financial
stability report, the International Monetary Fund said
while there is no asset bubble
now in emerging markets, the
threat exists. I.V. Subramaniam, a director at Quantum
Asset Management Co. Pvt.
Ltd, spoke in an interview
about the risks for India. Edited
excerpts:
What are the risks of asset
bubbles forming in India?
When excess liquidity in the
system winds its way through
banking channels to non-
productive use, the price of assets is driven higher and higher.
Beyond a certain stage, there is
no fundamental reason for the
asset prices to go up, and this
leads to a bubble-like situation,
which is waiting to burst. Currently in India, asset prices are
nowhere near this territory and,
as such, there is no real risk to
asset bubbles forming. Credit in
the country is not growing aggressively and that is an added
conviction that the risk to asset
bubbles forming in India is low.
Read More...
Source: Livemint
22nd April,2010
Bangalore: Aditya Birla Financial Services, promoted by the
Aditya Birla Group, is launching a real estate fund at a time when
realty companies are finding it difficult to raise money through
traditional routes. The firm expects to raise Rs 1,000 crore from
investors in the next six months.
The optimism stems from a rebound in the real estate market.
―Markets across the country have begun the ‗upward phase‘ of another cycle and the fund will allow retail investors to gain from the
opportunity of investing in the Indian real estate sector,‖ said Shashi
Kumar, head, real estate investment advisory of Birla Sun Life Asset Management.Read More...
Source: ET
Page 5
Realty Monitor
DSK to scrap SEZ; Plans township Unitech puts core back in focus,
new co to bid for infra projects
26th April,2010
Mumbai: Real estate major DS Kulkarni Developers Ltd (DSK) has
withdrawn its proposal of developing multi-service special economic
zone(SEZ) over 250 acres in Phursungi at Pune. The company told
Business Standard that the project is not much beneficial due to new
government policy on SEZ.
Instead, the group now plans to invest Rs 8000 crore in a residential
township.Read More...
Source: BS
22nd April,2010
New Delhi: Unitech will return to the infrastructure sector, riding
on a newly-carved out company, as the country‘s second-largest
developer looks to turn the gaze on its mainstay, real estate, and
other construction projects separately.
Unitech Infra, in which Unitech will own a 35% stake and the
realtor‘s existing shareholders the remainder, will bid for upcoming infrastructure projects including roads. Read More....
Infra cos exit fringe businesses to fo- CIDC and UPREDCO to jointly work
cus on core strengths
in UP
27th April,2010
28th April,2010
Bangalore: India's infrastructure companies are selling non-core
businesses and focusing on the main activity in a bid to exploit the Construction Industry Development Council
almost limitless opportunities thrown up by the country‘s rapid (CIDC) and Uttar Pradesh Real Estate Degrowth and economic expansion.
velopment Council (UPREDCO) have entered into an MoU to jointly work for the
Companies, such as IVRCL, Punj Lloyd and GMR, have in the re- development of construction, real estate industry and infrastructure
cent past sold peripheral businesses, such as real estate and sugar, sectors in the State of Uttar Pradesh
and used the cash to invest in infrastructure..Read More...
.
The MoU was signed by Dr PR Swarup, Director General, CIDC
Source: ET
and Shri SK Garg, President, UPREDCO on 26th April 2010 at
Lucknow. Read More...
RIL ropes in partner to revive Haryana SEZ?
Source: www.constructionweekonline.com
21st April,2010
In a bid to re-energize its dormant Haryana Special Economic Zone
(SEZ), Reliance Industries (RIL) has roped in a partner.
Jaypee Group to bid for Federa airport's infra projects
NDTV learnt that a stake sale in the Special Purpose Vehicle for the
27th April,2010
SEZ is in the offing. RIL is set to crack a significant deal for its ambitious SEZ project in Haryana.Read More...
As Jaypee Infratech Limited(JIL), part of the Rs 7000 crore Jaypee
Group plans to hit the markets with an initial public offering(IPO)
Source: NDTV Profit
to part fund its Rs 9739 crore Yamuna Expressway and integrated
township project, Jaiprakash Associates Ltd(JAL), another group
company, is all set to expand its presence in Gujarat. "Around Rs
Vision India to build logistics parks 80 crore worth infrastructure tenders are to be released for the
proposed international airport at Federa coming up near Navagam
in Bangalore, Chennai
village near Dholera special investment region (SIR). We are interested in entering the bidding", said Manoj Gaur, executive
18th April,2010
chairman at JAL. He declined to give out further details..Read
More...
Chennai: Integrated property development and asset management S o u r c e :
BS
company Vision India Real Estate Pvt Ltd is planning to develop
DID YOU KNOW ?
logistics parks in Bangalore and Chennai, with an outlay of $110
Jaypee Infratech Limited is entering the capital
million.
markets with a Rs 1650 crore IPO and an offer for
"Our focus areas are Bangalore, Chennai and Hyderabad.Read
sale of 6 crore equity shares by JAL. The price
More...
band has been fixed between Rs 102 and Rs 117
per equity share. The issue opens on April 29.
Source: ET
Infrastructure/Industrial News
Source: ET
Page 7
Realty Monitor
Real estate expected to bear the
brunt of increasing home loan rates
19th April,2010
Banks cut down on lending
to real estate
19th April,2010
Mumbai: Reserve Bank of India
(RBI) data shows that banks are
cutting down on loans to real
estate and reducing exposure to
credit card debt. Loans to real
estate increased by a mere 0.9%,
while credit card outstandings
have fallen by 28.3% in the year Source: Live Mint
to 26 February.
Real estate loans are loans to
builders and are distinct from
housing loans.
Source: Bankbazaar.com
RBI policy hits affordable housing, Retail loans on the rise, flow to resays NAREDCO
alty plunges
22nd April,2010
20th April,2010
New Delhi: The monetary policy 2010
– 2011 announced by the RBI today
shall adversely affect growth of housing and real estate development in the
country. The National Real Estate Development Council
(NAREDCO) in its comment has stated that increase in CRR from
5.75 to 6 percent and hike in repo rate by 25 basis point are expected to result in higher interest rate on home borrowings from
commercial banks. Read More...
Source: Equitybulls.com
DISCUSS
NRI investments
tougher
to
be
The robust credit pick-up in the fourth quarter of 2009-10, which
helped the banking system to top central bank‘s credit growth projections for the financial year, was primarily driven by retail loans,
but credit flow to the commercial real estate sector fell drastically
following an increase in provisioning norms last year.
According to the Marco economic and Monetary Development
Report of 2009-10 released by the Reserve Bank of India (RBI) on
Monday, the share of personal loans, which includes education,
home, consumer durable loans, among others, was 6.5 per cent in
incremental non-food credit as on February from -0.2 per cent in
October of 2009.Read More...
Source: BS
made Tough times ahead for realty firms
19th April,2010
New Delhi: RBI moots proposal to end special status.
The government plans to tighten investment norms for nonresident Indians (NRI) in companies to ensure that they do not
violate foreign direct investment (FDI) sectoral caps or enter areas
where such investment is banned. The Reserve Bank of India
(RBI) has also mooted a proposal to withdraw the special status
given to NRIs for investing in sectors such as aviation, housing
and real estate.
NRIs, for example, are permitted to invest up to 100 per cent in air
transport services as against only 49 per cent allowed to other
foreign investors. Also, NRIs are exempt from the conditions imposed on minimum capitalisation norms in real estate as well as
the minimum size of area to be developed for housing.Read
More...
16th April,2010
Chennai: Inflation pressures dampen the party for real estate developers.
Real Estate Finance News
Home loan rates may increase making borrowing costly for builders. It is expected that RBI may ask banks to provide more capital
for loans to real estate projects. If this occurs then banks would
require more capital which would force them to increase rates of
home loans.
It is believed by top banking officials that RBI may either increase
the standard provisioning or risk weight on loans to the real estate
firms in its monetary policy review expected on April 20.
Experts say that an increase in loans by 2% would impact the real
estate sector. But, RBI‘s action would be a protective step to lower
the risk exposure of banks to home loans in the light of towering
prices. Read More...
Between 20 November 2009
and 26 February, credit card
outstandings went down from
Rs22,635 crore to Rs20,737
crore. Outstandings on account
of real estate loans, however,
went up from Rs88,581 crore to
Rs91,607 crore. .Read More...
The real estate industry, which has seen some demand revival in
recent times with the easing of fund flows, may have to prepare for
tough times, going ahead. The easing of rates from banks, private
equity investors and capital market, and the possible hardening of
policy rates, proposal for replacement of base rate with prime lending rate and less investor appetite for real estate IPOs in the capital
market could together complicate matters. Things may turn bad for
some of the real estate developers due to repayment pressures on
their restructured loans during recession and the inflationary pressures in the market.Read More...
Source: BS
Source: BS
Page 7
Realty Monitor
Tata Realty, Tata Housing told to iron out Omaxe auctions land for Shopping cum office complex at
differences
PDA Omaxe City, Patiala Re25th April,2010
Bangalore: Tata Sons Ltd has asked two group companies to sort out differ- cords highest ever people parences to avoid competing with each other for real estate projects.
ticipation in Patiala
Both are 100% subsidiaries of the group. Tata Realty and Infrastructure Ltd was
set up to function as a fund and develop infrastructure projects, while Tata
Housing Development Co. Ltd was to develop and sell primarily residential 22nd April,2010
projects. Read More...
New Delhi: Omaxe Ltd, India's leading real estate
developer, organized an auction for shopping cum
Source:ET
office space at Patiala. The company auctioned 60
shops in the first phase and has received over 300%
increase in the reserve price which was fixed at Rs.
Retailers plan greater presence in high 30,000 per sq yd and went upto Rs 1.15 lakh per sq
yd.
15th April,2010
Bangalore: High streets such as Connaught Place in New Delhi and Brigade
Road in Bangalore are back in retailers‘ priority lists as they prepare for
a temporary lull in mall supply next year. Read More...
Source: ET
Landmark group’s Max retail eyes Rs 400
cr turnover by 2011
This witnessed an enormous public participation with
over 550 people who came for the auction and hence
proves that the Patiala real estate industry and demand
for commercial space is destined to boom. With this
massive mass involvement, the event was successful
in creating a remarkable history towards auctioning of
commercial space in the city.
The plot sizes that were auctioned varied from 35 sq
yd to 200 sq yd. This Shopping-cum Office (SCO)
complex is a part of PDA-Omaxe city and is being
developed under a Joint Development Agreement
with the Patiala Urban Planning and Development
Authority (PDA).Read More...
Source: Indiaprwire
20th April,2010
Chennai: Middle East retail chain Max, part of $ 3.8 Billion Landmark group,
is expanding its footprints across the country, especially in the south, which
accounts for maximum revenue. Read More...
Source: ET
Parsvnath set to quit Ahmedabad
28th April,2010
Parsvnath Developers Ltd, one of the
leading real estate companies in the
country, are planning to move their
operations out of Ahmedabad, if industry sources are to be believed.
After selling its top property in Satellite for around Rs150 crore last
month; the company recently sold off
another prime land for Rs 30 crore in
Vastrapur, the sources said.
Sarthav Infrastructure Pvt Ltd, better
known by its Abshree brand, has
bought this land. The company is planning an office-cum-showroom. Two
buildings with close to 1.75 lakh sq
feet constructed space will come up on
the plot next to Swaminarayan Temple
in Vastrapur.Read More...
Source: Ahmedabad Mirror.com
Real estate funds back in
vogue
28th April,2010
Plan to raise Rs 7,500 crore from domestic institutional and retail investors.
Looking at the subdued demand for realty investments
in international markets, Indian fund managers and
property developers are betting big on domestic real
estate funds. Fund managers and realtors plan to mop
up nearly Rs 7,500 crore from domestic institutional
and retail investors. At least, four fund managers and
a similar number of realtors are either planning to
launch or have recently launched their funds.
Offshore funds were a fad among Indian fund managers during the boom times of 2004-08, when several
of them, including ICICI Venture, Red Fort Capital,
HDFC, Kotak and Fire Capital, launched such funds
to tap global investors, bullish on Indian realty sector.
Read More...
Retail & General News
streets
Source: BS
DISCUSS
Page 8
Mission Statement
At Ariston, we strive to channelize our resources
towards understanding the real estate industry in
a structured and scientific manner. Thereby assisting our prestigious clients in making an accurate
assessment of their real estate investments
Ariston Advisory Group is a pan India Real
Estate Advisory firm. The company specialises in drafting feasibility studies, market
intelligence reports, valuations , location
analysis and strategy consulting. The company maintains an exhaustive database of
real estate data and continuously tracks
the market dynamics of the industry. The
firm is headed by Saurabh Tyagi who has
received his Engineering degree from the
prestigious Indian Institute of Technology
Roorkee (IIT Roorkee).
Some of our satisfied clients:
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Contact Address:
Ariston Advisory Group
1545A, Sec B-1,
Vasant Kunj
New Delhi 110070
www.aristonadvisory.com
Saurabh Tyagi
Principal Consultant
O: +91-11 41775413
M: +91-9958641115
E: saurabh.tyagi@aristonadvisory.com