Real Estate: DID YOU KNOW
June 09, 2006
- Adani Group (The Ahmedabad based) has finalized India's
largest land deal with Housing Development and Infrastructure
for 22.5 billion rupees (over US$500 million) to develop a commercial
and retail hub in Mumbai's landmark commercial business district,
the Bandra-Kurla Complex.
- :Unitech's recent 340 acres of land acquisition in Noida
(near Delhi) worth 15.83 billion rupees. The land in Noida
will be used to make 4,000 top-of-the-line apartments priced at
$500,000 each. Unitech has built a pool of over 8,000 acres
- In Delhi, prices have risen from $250 to $600 and for
office space from $200 to $400.
- United Kingdom-based Trinity Capital plans to raise as much
as $439 million to invest in Indian real estate
- Gurgaon: DLF has a land bank of over 4,270 acres (including
over 3,000 acres in Gurgaon) valued over $5 billion.
- Mumbai: The Sahara Group owns 19,000 acres, including
over 8,000 acres at the Amby Valley project on Mumbai's outskirts.
- Chandigarh, Pune and Ahmedabad have been attracting foreign
buyers in flocks with increasing investments every year and Delhi,
Mumbai and Kolkata taking to the rear.
- NRI share in the real estate business has almost doubled in
the past year.
- Real Estate Developers Associations of India (CREDAI)
stated that the number of customers being wooed in Dubai has doubled
in the past three years