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Squeeze on Tech Firms could pull down IT Office Rentals in NCR
2008-06-06 08:35:00
An anticipated oversupply in information technology or IT office market is, expected to push down rentals of these buildings in the National Capital Region (NCR), which includes Delhi and its environs. The US is still the largest market for Indian information technology companies contributing to as much as 45% to the total IT and back office services outsourcing business in India. The demand for IT office space may come under pressure due to a slowdown in outsourcing from US companies. This could lead to an oversupply in such space in Gurgaon and Noida in NCR. Interestingly, while IT office building rentals are expected to come down, non-IT office buildings in Delhi and its suburbs command higher rentals, because of a lack of supply. Non-IT office rentals have also been growing at a faster pace than IT office rentals. Over the past six years, rentals have been growing at 9.4% and 16.5% for IT and non-IT office space, respectively. This is largely on account of the significant increa...
More About: Office , Tech , Rentals , Squeeze

EmaarMGF to invest $3 bn in South India
2008-06-05 07:55:00
Real estate firm Emaar MGF Land, the India n joint venture of Dubai's Emaar Properties EMAR.DU plans to spend $3 billion in developing properties in south India over the next few years. Besides a residential property in Hyderabad with an outlay of $1.4 billion, Emaar MGF will invest in commercial and retail properties and hotels spread over 31 million sq ft in 10 south Indian locations. Emaar MGF in February called off a $1.6 billion initial public offering because of tepid investor interest.
More About: News , Chennai , South

Real Estate Mutual funds REMFs: Fresh Avenue for retail players
2008-06-05 07:35:00
The Sebi recent move to allow mutual fund firms to play in realty space has opened up a new avenue for individual investors.It was a month ago that Sebi had approved the inclusion of real estate and issued a set of guidelines. Prior to that, only high net worth individuals were allowed to invest in realty directly. Now with realty brought under the MF guidelines, it will be much more transparent and regulated. It will encourage middle category investors to participate in the realty growth story with minimum investment. The timing is quite opportune as the real estate sector is currently experiencing strong winds from sub-prime bruised western markets, general fund crunch and a lull in the Indian IPO market. Allowing retail participation in real estate mutual funds (REMFs) will enhance liquidity and create a healthy secondary market for realty assets, observe industry analysts. The success of REMFs to a great extent would depend on how well the sponsors and fund managers voluntarily ...
More About: Players , Estate , Real Estate , Retail , Mutual Funds

Stars ride realty 'brand wagon'
2008-06-05 07:21:00
Bollywood celebrities don't just peddle dreams but also dream homes. Real estate developers are now banking on the star power of the likes of Shah Rukh Khan, Amitabh Bachchan and Aishwarya Rai to endorse their projects. Deepika Padukone is the latest to join these marquee names. Aspire Real Estate, a Dubai-based developer, has signed up the actress as its brand ambassador. 'We are targeting India, and Deepika will add to our brand equity,' said an Aspire spokesperson. The trend of celebrities - from tinsel town and outside - endorsing real estate projects started around two years ago. So while big banner draws such as Shah Rukh, Aishwarya, Bachchan or even sarod maestro Amjad Ali Khan and his sons represent the likes of DLF, Sahara and Omaxe, a host of smaller developers too have started signing up celebrities to cut across the clutter. There are many who aver that stars are being signed up more in an attempt to build brands than to propel sales. A project sells on its own stren...
More About: Stars , Ride , Brand , Wagon , Realty

Top realty players set to enter warehousing
2008-06-04 08:11:00
It?s a road less travelled but real estate developers are revving up. After building luxury homes and corporate offices, top-of-the-line property developers such as Akruti City Ltd, Emaar MGF Land Ltd, K Raheja Corp., and Nitesh Estates are planning to build warehouses as organized retail booms and traditional realty market slows. With land prices in Indian cities having shot up many times, real estate firms are using their land banks that cannot be currently utilized for residential and commercial development to develop storage spaces. Though analysts said that returns in warehousing may not be immediate, they could be 18-20% on investment if the rentals are around Rs15 per sq. ft, say property consultants. Developing warehouses needs a bit more work than just building four walls and roof, which was typically how old warehouses were built in the country. The business is a lot like developing a property but to certain technological specifications. In fact, higher and better the qual...
More About: News , Players , Enter , Realty

37,000 hotel rooms to be added in the next three years in India
2008-06-04 08:00:00
According to my estimate, around 37,000 hotel rooms will be added in the next three years in India . First and foremost, Best Western will establish 100 hotels and 10,000 rooms under its umbrella in India. Berggruen Hotel s has already announced $100 million investment to set up 38 hotels in India. Hilton is going to invest $143 million to set up 70 hotels in association with DLF. These are just some of the headlines that have hit the newspapers in the recent past. There are dozens of other investors, existing and new, who have announced plans of plunging into India's booming hospitality industry. In fact, there's so much money coming in-at least on paper-that investors would be mad to think that there's room enough for all. The economy's growth rate, at 9.4 per cent, eventually had to have a cascading effect on investments in the hospitality sector and it's not just the foreign players but also the Indian hospitality companies who are getting into high gear
More About: Years , Hotel rooms

Dubai-Based Real Estate Major Looks to India
2008-06-04 07:48:00
Dubai-based real estate major Majid Al Futtaim (MAF) is likely to enter India for which it is in the process of identifying a local partner. MAF is looking to tie up with a local player to build shopping malls, residential properties and other commercial spaces. The company intends to set up operations in India in next one or two years. A team of senior company officials visited India in the month of March to evaluate various options and held talks with companies here. They will visit India again in June to organize roadshows in major cities, including Bangalore, Delhi, Mumbai and also Goa.MAF also operates hypermarkets, in joint venture with the world`s second largest retailer Carrefour, in the Middle East, North Africa, Iran, Pakistan and other markets.
More About: Estate , Real Estate , Dubai , Real

Realty Scrips- A Long Way to Recovery
2008-06-01 06:47:00
For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in January this year. This would suggest that the ongoing sell-off in real estate stocks is a good opportunity for bargain hunting. Yet, most brokerage houses are advising their clients against doing so, as they foresee testing times for the sector in the near term. In fact, many of them are recommending that existing investors cut their losses right away as they could be in for a long wait for share prices to come anywhere near their lofty highs.T he sharp rise in real estate prices, coupled with high borrowing costs has let to softening of demand. The slump in the stock market, too, has contributed to the trend as many investors were earlier routing their gains in share trading into re...
More About: Recovery , Long , Realty

Akme projects joins hands with private equity firm MPC synergy
2008-06-01 06:35:00
Akme Projects Ltd, the flagship company of The Anil Nanda Group has entered into a joint venture (JV) with private equity company, MPC Synergy Real Estate, to construct seven premium residential projects at an investment of about Rs 1,000 crore. The 50:50 JV called Akme Rhine River Projects will develop seven projects at Ludhiana, Mohali, Greater Noida, and two each in Bangalore and Gurgaon by 2012. The JV is optimistic of a total sales turnover of Rs 7,000 crore over the next four years. The joint venture would construct more than 7,600 apartments and 400 villas in seven projects, which will be launched in 2008-09. MPC Synergy Real Estate is a JV between Geneva-based private equity investment fund Synergy Asset Management Fund and MPC Capital, the largest listed fund in Germany, with over $18.5 billion assets under management. Akme Projects has its presence in the Bangalore property market and the launch of the Ludhiana project marks the company's entry into north India. It has de...
More About: Delhi , Private Equity , Hands

Deyaar Ends Indian Real-Estate Contract With Ansal
2008-06-01 06:29:00
Deyaar Development PJSC, the Dubai real-estate company whose former chief executive officer is under detention, ended an Indian property development contract with Ansal Properties & Infrastructure Ltd. The deal was scrapped on May 6 by "mutual consent" and Deyaar is in talks with other potential partners to invest in the "attractive" Indian market. Deyaar announced the agreement with Ansal in May 2007 to build "mixed-use townships" in India. The company's plan to participate in the Indian real estate market remains on track. The parting was "amicable". They are not tying up at this stage. There is no real reason for it.
More About: News , Estate , Real Estate , Contract

The Axiom Estates Road show'08
2008-05-31 07:53:00
Axiom Estates , being a leading provider of India Property Services to the Indian Diaspora around the globe provide the best in class options that match client requirements, best practice transaction structure & support, and key collateral services to enable clients to get the best out of their investment. Axiom's extensive network, marketing and sourcing arrangements with leading players in Indian real estate, there direct presence across India and internationally, gives an unique and incomparable access to the dynamics and drivers of the Indian real estate. Axiom estates is orgainisng a Road show(7th-28th june?08), in which they have several of India's top brand developers participating including the likes of SD Corp, Hiranandani Upscale, Rustomjee, Unitech, Parsvnath, Emaar MGF & Kumar and launching some very exciting new projects. They also have over 300 new developments in 20 cities to offer.
More About: Real Estate

Rs 4, 000 Crore Project To Be Developed By Sterling Urban Developments
2008-05-31 07:37:00
Sterling Urban Developments, a joint venture floated by HDFC Property Fund (a subsidiary of Housing Development Finance Corporation) and Bangalore -based Sterling Developers will take up development of 150 acres in Whitefield at a cost of Rs 4,000 crore. The project, ?Sterling Villa Grande?, is being taken up in Whitefield and will see a total built-up of 20 million square feet at a cost of Rs 4,000 crore. The project is being built in phases. Along with the Bangalore project, the company is also into expansion. As part of expansion the company has commenced property development in Pune and Kochi. The company is actively considering acquiring two infrastructure companies to aggressively enter infrastructure sector. Sterling Developers? investment plans span education and hospitality sectors as well. The company has acquired land for hotel project in Hyderabad and Bangalore. Currently, the company owns and manages the Canadian International School, in Bangalore and is planning one eac...
More About: News , Investment , Project

Nirmal to build five townships
2008-05-31 07:20:00
Real estate developer Nirmal Lifestyle Ltd plans to build five integrated townships costing about $5 billion (Rs20, 300 crore) in 10 years. The firm, which has developed a township, and residential and retail projects in the city, said three of the townships will be in Mumbai, and one each in Pune and Indore. Each of the projects will include an IT special economic zone, and will have about 20 million sq. ft each. The company is finalizing the land acquisition for these projects. They plan to fund the land acquisition through internal accruals. For each city, they will also look at partners but that will only be on maturity of the project. They also plan to go public in the next 12-18 months. Nirmal is currently developing a 3 million sq. ft shopping mall in Mumbai and a 1,080-room hotel project, jointly with France?s Accor SA. Real estate developers in India have rushed to set up industrial zones and townships in the last few years due to easier investment rules and rising demand f...
More About: News , Build

Mahindras to drive into low-cost housing projects
2008-05-29 08:38:00
Mahindra Lifespaces Developers (MLDL), the housing and real estate arm of the $ 7.5 billion (Rs 30,566 crore) Mahindra Group, is planning to enter the business of building low-cost houses for the middle-income group. Low-cost houses have become a fad among young people, as they are available at an affordable cost of Rs 25-30 lakh. The company has tied up with BE Billimoria and Co (BEBL), which specializes in construction technology, to bring down construction costs in the long run. The group?s principal activity has shifted its focus to developing residential and commercial real estate, with a special focus on housing. The company has announced that it is going to develop 25 acres of land at the Multimodal Internal Hub Airport of Nagpur (MIHAN), at a total investment of close to Rs 500 crore. The development of MIHAN area will broadly comprise development of airport and aircraft maintenance area, special economic zone and support infrastructure. The investment towards land will be R...
More About: Projects , Drive , Cost , Housing , Low cost

Ratan Tata among most powerful in UK construction industry
2008-05-29 07:39:00
Tata group chairman, Ratan Tata, already named among the world?s most influential business people from India, has made it to a list of the 30 most powerful in the British construction space with a ranking higher than even the UK?s Minister for Housing. The list compiled by UK-based digital magazine Contract Journal, which features people with a direct influence on the construction industry, has placed Ratan Tata at the 16th position. Already providing products that feature in many British homes after its takeover of Tetley in 2000, Ratan Tata?s Tata Group now supplies the mainstay material in most of its offices: steel. Earlier this month, the U.S. business publication Conde Nast Portfolio had named Ratan Tata among the ?73 Biggest Brains in Business´ for his $2,500 car, Nano. Moreover, Time magazine had chosen Ratan Tata as one of the 100 most influential people in the world.
More About: News , Industry , Construction , Construction Industry , Tata

SRS forays into Fashion Wear retailing
2008-05-28 09:09:00
Real estate companies are now trying their hands at new sectors. Realtors like Parsvnath and DLF forayed into telecom and now SRS is entering into fashion. SRS Group, one of India's leading real estate developer with business interests in real estate and township development, multiplex cinemas, retail, hospitality and aviation sectors, has announced its definitive plans to foray into retailing of branded apparel by launching the first exclusive apparel retail store under the brand - FASHION WEAR, at Crown Interiors, Faridabad, Haryana. The group also plans to build and operate 15 metro based hyper markets with an area of 50-80,000 square feet each. The total area under operation is expected to be around 15,00,000 square feet by end the end of the year 2009.
More About: Fashion , Delhi , Wear

Ansal Housing Concerned For Weaker Sections
2008-05-28 08:35:00
There is a shortage of housing of over 20 million dwelling units in both rural and urban areas. The investment required to achieve the National dream of everybody owning a home is estimated to be around Rs.400,000 crores including cost of civil infrastructure like water supply, sanitation, electricity, roads etc. Till a decade or two ago, the responsibility of providing housing and urban infrastructure was left to the Improvement Trusts/Housing Boards/Development Authorities. However, it was observed that despite best efforts, they have not been able to meet the challenges and expectations of the public. There is a shift in the approach to encourage more competitive participation of private sector in housing and civil infrastructure development. Following this trend, Delhi-based real estate developer, Ansal Housing and Construction Ltd will develop houses for the economically weaker sections (EWS) of the society at Ashiana Colony in Lucknow. The company will develop a total of 2,352...
More About: News , Concerned

Residents Seek Ban on New Houses
2008-05-28 08:18:00
Despite of the fact that the Haryana government has failed to provide adequate water and power to the existing population, the Haryana government continues to indiscriminately release licenses to developers for more projects. Being worried about the severe depletion of groundwater which will in turn lead to environmental and ecological degradation due to mindless and unplanned development. The residents' associations of Gurgaon have moved the Supreme Court, seeking a complete ban on any more residential and commercial projects in Gurgaon and surrounding areas. They have demanded that the state agencies should first ensure adequate water supply to the existing population before thinking of future expansion. The petition also sought immediate ban on mass-scale extraction of scarce groundwater and its misuse for construction and commercial activities by the builders. What's more, due to shortage in canal water supply, 70 per cent of the total water demand is being met by extracting g...
More About: Houses , Seek

Landmark To Come Up With Twelve New Projects
2008-05-28 07:35:00
Real estate developer Landmark Group would invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years. The company would fund the projects through internal accruals and raisings from private equities. Though the prime source of funding for these projects would be company?s own resources but it will also encourage private equity players' participation. The NCR-based firm has planned to develop three hotels, two five star and one budget hotels in the next three years, which could entail an investment of about Rs 700 crore. Landmark Group is developing a 3,000-room five-star hotel in Dharuhera and a budget hotel in Gurgaon with about 120 rooms. Besides these projects, Landmark Group is currently developing 600 flats in a residential project at Gurgaon. Landmark Group has posted a turnover of Rs 430 crore during the last financial year. The net worth of the company, at present, stands at about Rs 1,350 crore.
More About: Projects , Twelve

Is property price coming down in the near future?
2008-05-26 09:42:00
Many expect a further correction in home prices in India. Since the volumes of property transactions are going down, hence the asking price for property will also go down. Additionally, over-supply of property is posing as a major reason for the slow down in Real Estate prices.Recent media reports have also suggested the same trend. Reports suggest that Real Estate Price s in Mumbai, Bangalore, Pune, and National Capital Region have corrected 15-20% in the first quarter of this year. Market-watchers say that this trend will be repeated across the Tier II cities and suburbs too. No wonder property developers are wooing prospective users with all sorts of offers. Some are even offering lower EMIs for flats while some are offering goodies like cars along with property. Still others are wavering off the stamp duty prices.Are the property prices coming down in your area? Is the property slow down really impacting the end user in a major way? Should the home seekers cheer for some reasons?...
More About: Property , Future

ROSEDALE GARDEN-Your gateway to a new, shining Kolkata
2008-05-16 22:27:00
Rosedale Garden is tailor made to suit the lifestyle of NRIs. Rosedale is a Garden Apartment Complex in a modern planned city, a future of Kolkata . Spread over 16 acres of prime real estate in Newtown, Rajarhat, Kolkata, Rosedale Garden is probably the largest project of its kind providing all facilities and amenities that are enjoyed in the West. It is not a 'sub-zero temperature in a blast furnace'; outside of Rosedale Complex is not-congested, no pollution. Newtown is open and airy with greeneries, lakes; far from noise and pollution, dust and smoke. Rosedale Garden will provide the cosmopolitan lifestyle with rural flavors. It is near to Airport, Saltlake City Center. You reach Rabindra Sadan faster from Rosedale Garden than Southern part of present Kolkata. The overwhelming responses from NRIs, from all corners the globe, have motivated Rosedale Garden is actively pursuing to develop a 2nd NRI Complex for Residential and Commercial purposes.
More About: Gateway , Shining

Salarpuria To Develop Projects Worth Rs 1000 Crores
2008-05-16 22:18:00
Kolkata-based real estate developer Salarpuria Group will execute projects worth Rs 1,000 crore in West Bengal by 2010. The expansion plans includes setting up a Novotel Hotel, promoted by international hospitality major, Accor Group, at Rajarhat. The investment in the project would be close to Rs 200 crore. Besides this, other major investments of the company includes two IT special economic zones (SEZs) at Bantala 20km south-east of Kolkata, and Kalyani in Nadia district, 40km north-west of Kolkata. The company has already received in-principle nod for the SEZ projects from the Central government. The SEZ in Kalyani would be spread over 250 acre. The construction for the recent Rs 1000 crore project would start within a year. The project is scheduled to be over by the next three to five years and possesses the potential to generate sales worth $3 billion Salarpuria To Develop Projects Worth Rs 1000 Crores

Supply of office space across Indian cities has exceeded demand
2008-05-16 08:12:00
With little supply in the central business district, Bangalore , India?s information technology hub, saw the highest demand for office space in the first quarter of 2008 at 5.14 million sq. ft. It was followed by the National Capital Region (NCR), comprising New Delhi and its satellite cities, with 2.2 million sq. ft. A report says though the demand for office space remained upbeat at 14 million sq. ft across India?s cities; around 15.54 million sq. ft of supply has come into the market in the same quarter. In both NCR and Bangalore, much of the limited supply was a result of large pre-commitments in 2007 that were delivered in the first three months of this year. The demand in Bangalore has been spurred by a number of new aero-engineering and logistics companies here. The problem here is, with huge demand for Grade A office space in prime areas and little supply, there is a problem of oversupply in peripheral areas like Whitefield and Marathahalli. In Mumbai 11% of the total project...
More About: Space , Office , Indian

?Coastal Paradise?-A View on Goa Real Estate
2008-05-16 07:57:00
When we hear someone talking about ?Goa ? the images of beaches, lush forested hills, shiny sand, swaying coconut tress, and charming faces start evolving before our eyes. Also known as India?s smallest state, Goa is a tiny land located on the west coast of India. It is a boom time for property market in Goa with more and more investors ready to park big money here as they are confident to get lucrative yields in long term. Despite all the controversies and protests by non governmental organizations, the investor-sentiment in Goa remains up and positive. Real estate developers say that investors, who have inclination towards Goa, are all the way excited about properties in Goa and wish to grab the one for them, at the earliest. One of the property projects in Goa that is seen as one of the most potential investment options is ?Coastal Paradise ?. Spread across 11275 sq. mt of land, "Coastal Paradise" is residential complex which is in proximity to three most famous beaches of south Go...
More About: Estate , Real Estate , View

Philippines real estate firm enters into India real estate
2008-05-15 07:45:00
Ayala Corporation of Philippines and its affiliate, Arch Capital Management, plan to invest $100 million in the India n property market in the next two years. Ayala being one of the largest real estate brands in Philippines and the private equity fund is currently evaluating property in Hyderabad , Chennai, Bangalore, Mumbai, Pune and the national capital region. Though they are majorly eyeing on the smaller cities due to there being more scope and room of development .Also residential projects are on top of the priority list of Arch Capital Management. The fund is also considering investing in retail and IT projects. It recently closed its first deal in India last month with Mahindra Lifespace Developers. They will develop a residential township in Chennai, a project in which it holds a 49 per cent stake.
More About: Estate , Real Estate

Fall in Home Prices in and around Metros expected
2008-05-15 07:42:00
There is good news for all the homebuyers who wished to own a dream house of there own but couldn?t possess due to the skyrocketing property prices. If you are waiting for property prices to fall by the end of the year to buy your dream house in the city, you may be doing the right thing! Realty experts predict a 10-20% fall in residential prices in and around metros.There is respite ahead for people who want to invest in residential property in metros. According to experts, this segment of the market is set to witness a slide in prices soon. That's because over five million sq ft of residential space is under construction currently in areas in and around Delhi , Mumbai , Chennai , and Bangalore . They say a majority of this supply will hit the realty market over the next 6-12 months. Since there are fewer takers for residential property in prime locations right now, it could force to bring down prices. In certain markets the reason is oversupply. In certain markets the size of the mar...
More About: Home

Office rentals fall in Ahmedabad
2008-05-14 07:34:00
Rentals of commercial properties, which had risen to prohibitory levels, have come down, bringing much respite to retailers and people in search of affordable office space, say realty observers. However, the slippage, along with stabilization of rentals of residential properties in Ahmedabad , has shrunk returns on investment in the real estate market. After rising steeply for 3 years rentals have shown resistance over the past few months in the city. The Ahmedabad market is yet to experience demand from IT/ITES companies that have been driving real estate growth in other cities. Property prices don't necessarily go down when rentals stabilize. The city's real estate is expected to show stability till 2009. Rentals have been a stable source of income for people who let out residential or commercial property. But decreasing rents discourage investors from holding on to their properties. The real estate market of Ahmedabad has been showing signs of stabilization and is expected to re...
More About: Office , Rentals , Fall

NCR realty to see a hike in floor rates by 30%
2008-05-14 07:28:00
There?s news for all those people who are eyeing NCR for property investment. The NCR board is likely to hike the minimum floor area rates (circle rates) for property transactions in and around the Capital by 20-30%.A circle rate is the floor price at which property transactions are registered, and quoting a lower price is not allowed. Therefore, higher circle rates mean more transparent transactions. In addition, home loan seekers would get bigger loans from banks as the property price reflected in the document would be higher, closer to the market value. The circle rates in NCR are far below market rates. Even after the proposed hike, rates would be far lower than market rates. The board feels circle rates should be revised every year to reflect the actual value of land. In many cases, there is a huge difference between the actual market price and floor price set by state governments. There is much room to revise rates in NCR as well. States need to follow a calibrated approach in...
More About: News , Delhi , Hike , Rates , Realty

Bangalore real estate cooling off
2008-05-13 08:48:00
After seven years of hectic activity, the Bangalore real-estate market is hesitant, perhaps more on the part of bulk investors than serious home buyers. Blame it on the rising inflation or the economic crisis in the US. Like other locations, Bangalore real-estate, termed ?hot? by leading realty consultants, seems to have cooled off in the last few months. Though property prices have not seen a dip, home sales has come down ?at least by 50 per cent?, say consultants. Certain Grade ?A? developers have experienced a sustained drop of around 50 per cent on the monthly level of bookings compared to what they enjoyed prior to December 2007. First-home buyers, it seems, are still interested in the market, though it is the second- or third-home buyers who are shying away. However, reputed developers offering homes in booming locations in the city are still selling. In fact, some of them have upped their pricing by 3-7 per cent, with South and South-West homes costing 3-5 per cent more. In t...
More About: Estate , Real Estate , Real , Cooling

Promising Times Ahead For Kolkata Real Estate
2008-05-13 08:14:00
Kolkata property market has been growing by leaps and bounds and is today one of the most lucrative investment destinations in the state. The city has attracted around 25,000 crore in real estate over the past two years. Recently, I got my hands on the news which says Real ty major from Singapore is setting up luxury condos in New Town, Kolkata, complete with wi-fi connectivity, an aroma garden, an elevated green podium to camouflage the underground parking lot and a mini cricket field. Elita Garden Vista, a 1,278-unit complex, is being developed on a 25-acre land parcel in Action Area III of the Rajarhat Township by Keppel Land Limited, the property arm of the Keppel Group, one of Singapore?s multinational behemoths with core businesses in offshore and marine infrastructure and property. Keppel Land?s Indian partners in the project ? the first in the city being developed by Singapore realty major ? are the Jatia Group and the Puravankara Group. It?s set to be ready by end-2011.The g...
More About: News , Estate , Real Estate , Kolkata