NR

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.

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• 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 Developer’s Associations of India (CREDAI) stated that the number of customers being wooed in Dubai has doubled in the past three years