Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

PUNE: Business is looking up in Pune, and for the realty market, that can only spell good news. According to a recent market intelligence survey conducted by Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Vascon Engineers Pvt Ltd, Pune has in the past five years, witnessed an amazing growth story and is poised to see more growth in the near future. There have been as many as 128 manufacturing proposals from new medium and large-scale players wanting to set up their operations in Pune. These imply an additional investment of more than Rs. 800 crore that has entered Pune, apart from the investments being made by the existing companies in the region. As business activity picks up, the property market will continue to be upbeat. Lease rates for commercial premises will be steady, helped by the huge capacity that is being created in the city areas. Lease rates in areas such as Camp, Kalyaninagar, Shivajinagar, Wakdewadi, Deccan, F.C. Road, J.M. Road, and Nagar Road are...

NEW DELHI: Cushman & Wakefield has identified 17 new corridors in India as strong investment destinations for investors with different risk appe-tites. According to India Gaining Momentum report, the real estate investment report 2007 prepared by Cushman & Wakefield along with Global Real Estate Institute (GRI), Hinjewadi, Manesar, GST near Chennai airport, Sriperembudur, Shamshabad, Devanahalli, Greater Noida, Panvel and Virar, Rajarhat, Thane, Kokapet (Hyderabad), Bidadi (Karnataka), Chakan, Kharadi (Pune) Bantala and Tumkur Road are the 17 corridors that reflect high investment potential. "As India enters the next phase of real estate growth, the exploration of suburban and peripheral developments of major cities as cost saving and risk diversification measures are emerging as vital initiators for analysing the potential investment opportunity within these emerging corridors," the report said. "Overburdened infrastructure, rising real estate and operational co...

MUMBAI: Deutsche Bank Singapore has picked up 5% stake in Lavasa Corporation, a real estate project promoted by Hindustan Construction Company (HCC) at Lavasa near Pune, for Rs 500 crore. The deal values Lavasa Corporation at Rs 10,000 crore. Sources said Lavasa would issue fresh equity to Deutsche Bank. HCC was holding 65% in Lavasa through its real estate subsidiary, HCC Realty. Other partners in the project, the LM Thapar group and Venkateshwara Hatcheries, along with other minority stake holders, account for the remaining 35%. When contacted by ET, Lavasa Corporation COO Rajgopal Nogja declined to comment on the deal. However, sources close to the development said a term-sheet had been signed between HCC and Deutsche Bank last week. The deal makes it one of the largest investments by Deutsche Bank in India's real estate space. A few weeks ago, Deutsche Bank invested around Rs 1,700 crore in a special purpose vehicle (SPV) floated by Mumbai-based Lodha group. HCC plans to build ...

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Pune has been a preferred real estate destination due to IT and ITES boom for the last year (2005). With land freely available, development in Pune is happening in a phased and planned manner. Most areas have a great potential for future expansion, and with the city attracting the attention of more and more IT companies the going will only get better. The real estate scenario in Bangalore is shifting with IT companies preferring other destination like Chennai, Hyderabad and Pune, due to lack of supporting infrastructure in Bangalore. The down fall in companies setting up in Bangalore has also led to a drop in the housing sector and many large residential projects. People follow the companies they work for and immigration of people from bangalore to pune is just starting to show up. It's far from true that Pune's real estate is comparable or come close with respect to the per square feet rate in Bangalore. Bangalore still wins, but for now. This is just the beginning of the rise...

NEW DELHI: Realty firm Hindustan Construction Co (HCC) is building a hill station over 12,500 acres in Maharashtra at a cost of Rs 440 billion ($11 billion). "The first phase of the work will be over by 2010, and the whole project, which is expected to be completed by 2020, would cost Rs 440 billion," HCC Chairman and Managing Director Ajit Gulabchand told reporters here on Monday. Nestled in the picturesque Sahayadri mountains, along a 20-km long lake, the hill station will have all kinds of facilities, including tertiary hospitals, five-star hotels, a library, a golf course, leisure spa and convention centre. "It would be a major educational centre as well. Symbiosis College of Pune and Christ College of Bangalore will set up their campuses inside it. As per our agreement with Oxford University, a business research centre will come up before 2010," Gulabchand told reporters. Christened Lavasa, the hill town, would be just an hour's drive from Pune and three ho...

Realty players see silver-lining in stock market volatility NEW DELHI: The real estate market believes that recent crash and concurrent volatility on Dalal Street have come as a blessing in disguise for them and property will emerge as a key low-risk avenue for the investors. The seven-day meltdown in stock market between January 14-22 caused over Rs 16,00,000 crore of losses for investors amid a plunge of about 4,100 points in the benchmark Sensex and volatile movements are expected to continue despite a recovery of over 1,100 points on Friday. This has led to investors start looking over alternate investment horizons and the real estate developers believe that property could be an attractive option, given a sharp surge seen in its prices in the past couple of years without any major period of slump. "Real estate has always been a good investment. Any kind of investment in property will always be a good one in the future," the country's largest realty firm DLF Ltd's ...

India - The Real Estate Player by: Rahul Boss In the new millennia of real estate India has emerged as strong, swift and bold player. Industry expert’s believe that the Indian real estate has huge demand potential in almost every sector, be it commercial, residential or retail. "India is the most exciting real estate market in Asia," says Michael Smith, head of Asian real estate investment banking at Goldman Sachs. "It's one of the last major countries in Asia with an improving market." The Real Estate explosion This spurt of growth in the Indian real estate is in large part due to the by the burgeoning outsourcing and information technology (IT) industry. By 2010, the IT sector alone is expected to require 150 million sq.ft. Of space across major cities .New companies means new offices, houses, shops in short commercial, residential and retail space. This growth is facilitated by favorable demographics, increasing purchasing power, existence of customer-friendl...