India Real Estate Reports: Architecture, Projects and more

Weekly news updates on trends in the Indian real estate market

- Chillibreeze Business Research Team

Reliance, Hiranandani, DLF in race for HUL's Brookefields

Reliance Retail is vying for Hindustan Unilever’s (HUL) real estate assets at Brookefields, Bangalore. Others in the race are DLF, Hiranandani and Nitesh Estates.

The property is expected to fetch around Rs 400 crore, sources.

July 31, 2007
Source: Economic Times

Parsvnath to invest over Rs 16k cr to develop projects

Realty firm Parsvnath Developers Ltd will invest over $4 billion (about Rs 16,000 crore) in the next 5 years to develop its existing land bank, which would translate into more than 100 projects across India.

The company has projects in all the real estate verticals that include residential, townships, commercial, hotels, IT parks, SEZs and Delhi Metro.

July 29, 2007
Source: Economic Times

A realty check for professionals

The Indian real estate industry is growing at nearly 33 per cent per annum. The industry faces a shortage of skilled manpower.

July 28, 2007
Source: The Hindu

Global designs on India

Global architecture and design trends are catching up in India.

Indian architects and designers are increasingly working with foreign counterparts to leverage on their design experience.

July 28, 2007
Source: Business Standard

DTZ sees benefits from takeover of Dolandsons

DTZ India said the acquisition of British realty consultant Donaldsons by its parent company will enhance its service offering in retail real estate in India.

Donaldsons, has a headcount of over 900 people, provides property advisory services across a broad range of clients in UK and continental Europe.

July 26, 2007
Source: Economic Times

OnGaia.com Introduces Path Breaking Online Concepts For The Indian Real Estate Industry and Expands Its Online Real Estate Services To Major Metros in India

OnGaia.com presents the perfect interface for buying, selling, renting, leasing, developing and any related real estate activity.

July 23, 2007
Source: India PR wire

Gulf investors bullish on India

Major Arab real estate players are investing into India’s hot property market from the Gulf region have crossed the $35bn mark.

Companies such as Nakheel and Emaar have committed $22bn between them to pan-Indian property developments, and several private developers are poised to make their move in a sector that market analysts say will grow by 700 per cent within the next 10 years.

July 23, 2007
Source: The Peninsula

State wants townships outside cities

The Maharastra government is discussing legislation to facilitate special townships on the peripheries of cities where the Urban Land Ceiling Act will be suspended and non-agriculturists can buy land.

Special township policy applies to areas of more than 40 hectares (100 acres). They would be outside municipal corporation limits. Foreign Direct Investment of 100% would be permitted in the development. There would be no ceiling on land holding and the FSI would be ‘floating”.

July 24, 2007
Source: Economic Times

Realities of realty

The CII Real Estate Conference ‘Realty 2007’ analyzed, amongst other realty trends, the budget hotel boom.
The Indian hotel sector is still in its nascent stage. New opportunities and development models need to be tapped for budget hotels.

July 2007
Source: Express Hospitality