Tag Archive for estate

Stanza Living launches first-of-its-kind Stanza Estate App for real estate owners; targets one lakh bed capacity by 2021

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

World-class student residence provider, Stanza Living, launched Stanza Estate app, designed to enable quick and efficient listing of properties. The app will allow property owners, brokers, real estate consultants and developers, to partner with Stanza Living in an efficient and effective manner, to create bespoke, high-quality student accommodations.

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KONE India Presents World Class Technology for Elevators & Escalators at CII’s Real Estate & Building Technology Expo(REBT’19)

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

(L-R): Her Excellency, Nina Vaskunlahti, Ambassador of Finland with Mr. Amit Gossain, MD, KONE India and Chairman, Real Estate & Building Technology, CII inaugurates KONE India stall @REBT2019 in India

KONE India, leading Elevator & Escalator Company, participated in CII’s 2nd Edition of Real Estate & Building Technology Expo (REBT) from 3rd – 5th February 2019 at Pragati Maidan, New Delhi. With twin objectives, to give an impetus to the Real Estate Sector as well as to create World Class Technology Building Solutions in India. This edition of REBT, highlights and addresses the need and potential of the sector cutting across, Residential, Commercial, Retail, Hospitability & SEZ, as we foresee equitable growth amongst all the 5 sectors.

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Knight Frank India Real Estate H2 2018 Report (July-December 18)

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Knight Frank India today launched the 10th edition of its flagship half-yearly report - India Real Estate. The report presents a comprehensive analysis of the residential (across eight cities) and office (across seven cities)market performance for the period July – December 2018 (H2 2018). The report has established 2018 to be historically best performing year for the commercial office with leasing at 46.8 million square feet (mn sq ft). The residential market saw upward movement in sales with total sales of residential units recorded at 182,207 units registering a 6% increase over full year 2017.

Mumbai saw total new unit launches of 74,363 units in full year 2018, registering a growth of 220% YoY over a low base of 2017. The majority share of the new launches took place in H2 2018 which was recorded at 38,389 units. The residential sales for the full year of 2018 was at 63,893 units depicting a growth of 3% YoY over 2017. At the end of H1 2018, there were signs of revival in sales, but the same was punctuated around Q4 2018 (Oct – Dec 2018) due to the impact of NBFC crisis.

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KMP Expressway beats the clock will impact the real estate market of NCR

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Prime Minister Narendra Modi on Monday inaugurated Kundli Manesar Palwal (KMP) Expressway at Gurugram. Also known as the Western Peripheral Expressway, this 135 km-long Expressway originates from Kundli (near Sonipat) and connects Palwal (near Faridabad) through Manesar (near Gurugram). It connects 4 highways — NH-1, NH-2, NH-8, and NH-10 in Haryana. The ambitious project will have a huge impact on the real estate market of NCR.

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Mumbai dominates GROHE Hurun India Real Estate Rich List 2018 followed by New Delhi and Bengaluru

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By Ashok Punatar Mobile: 09820746494 Email: ashokpunatar@gmail.com

Unveiling of GROHE Hurun India Real Estate Rich List 2018 - Left to Right Priyanka Tanwar head of Public Affair Asia Pacific - LIXIL, Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India, and Audrey Yeo, Vice President, Marketing, GROHE Asia/ DXV Asia

Hurun Report and GROHE India today unveiled the second edition of ‘GROHE Hurun India Real Estate Rich List 2018’ – featuring the richest real estate entrepreneurs in India. The 2018 edition of the GROHE Hurun India Real Estate Rich List is topped by Mangal Prabhat Lodha of Lodha Group followed by Jitendra Virwani of Embassy Group at #2 and Rajiv Singh of DLF at #3. Mumbai is the most preferred city of residence for real estate tycoons in India with 35 names hailing from the city, followed by Delhi (22) and Bengaluru (21). The total wealth of top 100 real estate barons featured in the list accounted for INR 236,610 crore (USD 32.7 bn) in 2018 – up 27% against 2017 edition’s cumulative wealth of INR 186,700 crore (USD 28.6 bn). The List was compiled on the basis of net worth of living Indians as on 30th September, 2018 when the rate of exchange to the US Dollar stood at INR 72.46. The list relates to Indians only, defined as born or brought up in India.

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MITSUBISHI PARTNERS WITH SHRIRAM PROPERTIES FOR ITS FIRST-EVER REAL ESTATE INVESTMENTS IN INDIA

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Murali and Mr Kentaro Koga signing the documents

Shriram Properties Limited (“Shriram”) and an investment arm of Mitsubishi Corporation, Japan (“Mitsubishi”), have signed definitive agreements for partnership in an ongoing large residential development project in Chennai (Tamil Nadu, India).

This marks Mitsubishi’s entry into the Indian real estate sector and Shriram is proud to be the chosen partner for Mitsubishi’s maiden investment. In the past as well, Shriram was the chosen partner for first-ever realty investment respectively by TPG, Tata Capital, Walton Street Capital and Starwood Capital, and is proud to have received similar confidence from another global major. Read more

Legacy Recordings and The Prince Estate Launch First Wave of Prince Catalog Digital Releases

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

 

Legacy Recordings, a division of Sony Music Entertainment, launched its first round of Prince catalog digital on August 17.

The first wave of Prince catalog titles to be released through an exclusive agreement struck in June between SME and The Prince Estate focuses on 1995-2010, a crucial epoch in Prince history. 23 highly-collectible Prince catalog titles (many of them hard-to-find or out-of-print) and Prince Anthology: 1995-2010 (a newly-curated anthology of 37 essential tracks from the era) are now available across all major streaming services and digital service providers. Read more

Embassy Edge brings the future of voice to Indian Real Estate

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bengaluru-based Embassy Group has embarked on a new smart lifestyle project with the launch of Embassy Edge, an integral part of Embassy Springs — the city’s biggest and best-planned, self-sustained community. With this, Embassy Group has entered into a new housing segment after making its mark in the luxury category of properties. These smart homes will be Alexa-enabled and come preinstalled with an Amazon Echo device. Read more

Luxury real estate market raises it’s head for a bright future Marathon Group and Adani Realty jointly venture project at Byculla, Monte South fast tracks operations

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

https://www.adanirealty.com/assets/sites/images/logo1.png          Marathon Realty Logo - Marathon Monte South Byculla

Monte South- Render

As the real estate market continues to improve every passing day, the impact is being seen on the luxury property market of the city. Marathon Group, a leading real estate company from Mumbai, in association with Adani Realty is developing the premium residential property Monte South at Byculla.

Witnessing a gradual vitality in the market, in tandem with these conditions and to match the forthcoming rise in demand for luxury property, the Group is set to launch the 2nd tower of its ambitious luxury project soon. Read more

Godrej Fund Management enters the commercial real estate private equity space

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Godrej Fund Management (“GFM”), the real estate private equity arm of the Godrej Group, announces a first close of its US $450 million office development fund and a first close of its US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over US $1 billion in value.

With this development, the assets under management for GFM, which is also managing two existing residential investment funds, has crossed the US $1 billion mark within one year of it being spun out as a separate business.  The two new funds that have been raised are: Godrej Build to Core – I (“GBTC-I”), a US $450 million ‘club style’ office investment platform that will invest in developing world class, Grade-A office buildings in leading locations across the key office markets of India. APG Asset Management N.V. (“APG”), which has invested in previous funds managed by GFM, will be the cornerstone investor for GBTC-I. The other newly raised fund is Godrej Office Fund- I (GOF-I), a US $150 million discretionary blind pool fund that will invest in core and core-plus office and commercial properties across India. Read more