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INRnews.com - news and views on Real Estate / Property in India
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Last Update: Sun Dec 3 10:49:08 2006

- Ascendas real estate fund buys Cyber Pearl IT Park in Hyderabad | INRnews - Hyderabad, November 30, 2006 :  Ascendas India IT Parks Trust, a $350-million private real estate fund, has [...] owners of the Cyber Pearl IT Park in Hitec City in Hyderabad. The fund was set up by business space provider Ascendas.

- Rail land development authority constituted | INRnews - New Delhi, November 30, 2006 : The Rail Land Development Authority (RLDA) has been constituted through an amendment to [...] and four members, including one from outside (i.e. non-Railway member) who will be an expert in real estate.

- Office space absorption in National Capital Region increases | INRnews - New Delhi, November 30, 2006 : The National Capital Region (NCR) has witnessed overall office space absorption of 6.36 [...] be 8 million sq. ft. by year end, nearly 3.5 times of the absorption in the entire year of 2005 (2.36 million sq. ft.).

- New 130,000SF office building slated for Gurgaon, India | INRnews - Gurgaon, November 29, 2006 : The WIRE Group have unveiled plans to develop a 130,000SF International Class A Office [...] will be involved in the design and development of the building. The amount of the transaction was not disclosed.

- FDI’s share in Indian real estate to touch 26% By March 2007 | INRNews - New Delhi, November 27, 2006 : FDI’s share in domestic real estate market will touch about 26% by March 2007, 10% [...] estate players in the Indian real estate market and increasing demand for office space particularly in IT & BPO.

- Ahmedabad - Gandhinagar road sees real estate development interest | INRnews - Ahmedabad, November 27, 2006 : The road connecting Ahmedabad airport to Gandhinagar is seeing strong interest from [...] IT facilities and hotels as well as educational/research institutions are being planned for this stretch.

- US$8 billion to flow into Indian real estate funds | INRnews - Bangalore, November 23, 2006 : After the government’s relaxation of foreign direct investment (FDI) norms for the [...] investments are expected to flow into these funds according to real estate services firm Jones Lang LaSalle (JLL).

- Aggressive growth ahead for Bangalore commercial and retail real estate | INRnews - Bangalore, November 23, 2006 : Aggressive growth is forecast for the Bangalore commercial and retail real estate by ...

- IT SEZ to come up on 550 acre site in Vadodara | INRnews - Vadodara, November 22, 2006 : Nipiam Infotech Private Limited is to develop a 550 acre IT SEZ at Nimeta in Vadodara in [...] two years, will include an IT Park on 100 acres. The total project investment is in the range of Rs.2,600 crore.

- Indian real estate market growing by 30% a year | INRnews - Bangalore, November 21, 2006 : New research issued by global real estate adviser DTZ has revealed that India is ...

- Old Mutual in large retail leasing deals in India | INRnews - Mumbai, November 19, 2006 : Two large retail leasing deals have been signed in India by Pioneer Property Zone, a joint [...] for a luxury mixed-use development in Bangalore. The leases cover a combined 50,000 square meters for both projects.

- Delhi commercial real estate prices soar | INRnews - New Delhi, November 18, 2006 : With no new office supply in the New Delhi CBD (Connaught Place) and surrounding [...] the CBD and capital value appreciation of close to 140% according to real estate services firm Cushman & Wakefield.

- Mumbai commercial real estate see strong appreciation | INRnews - Mumbai, November 17, 2006 : Mumbai's commercial real estate market has appreciated considerably over the last one [...] ago. In the suburban Bandra Kurla complex, rentals are up by 132% and capital values are up by 115% over a year.

- Madhapur - the preferred commercial real estate destination in Hyderabad | INRnews - Hyderabad, November 17, 2006 : Hyderabad is a yet another example of an evolving real estate market, where suburban [...] allotted land and therefore they have clear titles, unlike in and around the CBD, which face various issues.

- Chennai commercial real estate supply increases | INRnews - Chennai, November 17, 2006 : Chennai is witnessing an increase in supply in the suburban and peripheral markets, [...] emerging markets are attracting interest of the investors and lessees alike and may grow as potential business hubs.

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