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Retailers Focusing on Small Cities and Towns

Posted: 20 Sep 2010 02:03 AM PDT

Indian retail juggernaut, which began rolling towards smaller cities and towns a few years ago, has gathered momentum as retailers are now going whole hog to make a killing. Changing demographics, higher disposable income and improved agri-produce realisation have made smaller cities and rural areas the future hotbeds of growth. And Indian retailers are in [...]

Godrej Believes that RBI’s Rate Hike Won’t Affect Real Estate Sector

Posted: 20 Sep 2010 12:35 AM PDT

The Reserve Bank’s decision to raise its key short-term rates will not have any impact on the realty sector, a top industry player said. “Presently in the real estate sector, demand is exceeding supply, so I see no problem,” Godrej Group’s Chairman, Adi Godrej, told reporters at an event organised by the Gujarat Institute of [...]

Azure to Invest in Mumbai Re-Development Projects

Posted: 20 Sep 2010 12:30 AM PDT

Azure Capital Advisors, a Bangalore-based venture capital firm, has launched a new realty fund which would invest in Mumbai re-development projects and other mid-sized real estate projects in the country. Speaking to Business Standard, Deepak Kumar, investment officer, Azure Capital Advisors, said that the company has floated 'India Realty Fund I', which is registered as [...]

35% Hike in Ahmedabad Property Prices Post Recession

Posted: 20 Sep 2010 12:25 AM PDT

About a year and a half ago, recession in the city realty market had builders and buyers alike, worried. However, about a year since the first signs of recovery in June 2009, realty in Ahmedabad is back and booming. In fact, property prices in the city have inched up by nearly 35%. The high economic growth [...]

Real estate developer Ashoka Buildcon Sets Price Band of 297-324 Rs Share for its 2.25 bn IPO

Posted: 20 Sep 2010 12:23 AM PDT

Real estate developer Ashoka Buildcon has set a price band of 297-324 rupees a share for its 2.25 billion rupees initial public offer (IPO), a newspaper advertisement said on Monday. The subscriptions to the IPO will begin on Sept 24 and close on Sept 28, it said. Enam Securities and IDFC Capital are the lead [...]

HDIL to Buy Gurgaon Based Artemis Hospital

Posted: 20 Sep 2010 12:19 AM PDT

The Wadhawan family of the Mumbai-based real estate firm Housing Development and Infrastructure (HDIL) has emerged as the front-runner to buy Gurgaon-based Artemis Hospitals from the Kanwar family that runs Apollo Tyres. A Hyderabad-based hospital chain and a business family from Punjab are also in the fray, said a person familiar with the development. The [...]

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