Real Estate Blogs

Azure Capital to raise Rs 500 cr through real estate fund

Azure Capital today said it will raise up to Rs 500 crore through a real estate fund that focuses on commercial properties across top seven cities of India.

Azure Capital, an integrated investment company, will launch of India Realty Fund-II, a rental yield fund that focuses on commercial properties across top seven cities of India, the company said in a statement.

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Office market to see over supply between 2012 and 2016: Cushman & Wakefield

Global real estate consultant, Cushman & Wakefield's estimates commercial office space demand of over 180 million square feet (msf) in the next five years in the top 8 cities of the country. This was released in the annual publication entitled "Evolving Paradigm - Future of Indian Real Estate" in association with Global Real Estate Institute (GRI) at their India Summit 2012.

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Motilal Oswal Private Equity to raise Rs 500-crore real estate fund

Motilal Oswal Private Equity, an India-focused risk capital firm, is raising a Rs 500-crore real estate fund that will invest primarily in residential projects.

The India Real Estate Fund-II (IREF-II), will offer a mix of debt and equity funding options to investee companies according to Somak Ghosh, the newly appointed co-chief executive of Motilal Oswal PE. This will be the second realty fund for the private equity firm.

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Noida Extension flats still affordable

Despite the sudden hike in the prices of Noida Extension flats following clearance from the NCR planning board, the proposed housing projects continue offering accommodation for the middle class at affordable rates. According to realtors, the rate has not increased at its normal pace because the construction was stalled for about a year due to legal battles. A two-bedroom flat, which was available at a price of R18-20 lakh a year ago, is now being booked for Rs.

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Don’t pay bribes; says Credai

Hurt by allegations of corruption in the real estate sector, CREDAI -- the apex body of developers - has asked its about 10,000 members not to pay bribes to officials for getting project clearance. "We have had enough of these charges that builders breed corruption," Confederation of Real Estate Developers Association of India (CREDAI) President Lalit Kumar Jain said in a statement.

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Global to local: The growing up of Real Estate funds in India

The dream began in 2005, when construction and development of real estate was opened up to foreign investors. Nearly 130 global firms rushed in to invest in the India growth story.  Liberalisation triggered the advent of furious fund-raising activity as fund managers neatly packaged and sold the Indian real estate story many times over.

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Real estate developers may be allowed in large projects

Six months after barring private real estate developers from building townships in West Bengal, the state government is considering a plan to allow them to undertake such large projects.

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CREDAI and RICS collaborate to offer courses for real estate

The  Confederation of Real Estate Developers' Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) announced a joint initiative to address the learning needs of professionals in real estate and construction sectors.

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Realty firm to develop luxury project in BKC

Omkar Realtors and Developers has reached an agreement with the Kolkata-based Forum Projects to jointly develop a 2-lakh sq ft luxury residential project at BKC. The land on which the Rs 100 crore project is being planned is located behind Asian Heart Institute at BKC.

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Pune, Bangalore lead real estate sector

Pune and Bangalore have beaten the gloom and doom in the real estate sector with robust launches, clever project formats, quicker approvals and consistent demand from home buyers.

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