Demand for homes to go up, and the IPO returns for realty firms

Housing demand to rise to 42 lakh units: Cushman & Wakefield (C&W)

The demand in these cities, however, is estimated to be three times higher than supply during 2010-14.

“With India’s economic environment showing signs of stability and buoyant growth, coupled with improvement in affordability and access to finance, housing demand in the country is expected to witness a revival in demand in the near future,” C&W India Executive Director (Investment Services) Manish Aggarwal said. Read more

Realtors’ body sees property prices in city rising 20 per cent

“We expect a 20 per cent rise in the property prices in the next one year. Demand, which has grown around 30 per cent over the same period last year, will not be affected due to such a price rise,” Sushil Mantri, president of Confederation of Real Estate and Developers’ Association of India (CREDAI), said. Read more

Demand for homes to go up in seven cities


Anand Narayanan, national director, residential agency, at realty consultant Knight Frank India Pvt. Ltd, said that he estimated home prices to grow 15% each year in the next three-four years due to the high demand.

“There will be a substantial gap between demand and supply three-four years from now. With the economy doing well, (demand for) home ownership will grow at a tremendous pace,” Narayanan said. “The number of real estate companies that have come out with an IPO (initial public offering) in recent times is an indication that they are capitalising themselves for that.” Read more

Realty IPOs begin D street return as markets surge

After a lull of a few months, realty companies are back on IPO street. While Oberoi Realty opened its maiden offering, estimated to raise about Rs 1,000 crore, on Wednesday, a few more are waiting to tap investors. Read more

Infrastructure and Policy

Delhi-Mumbai Industrial Corridor likely to draw $100 billion investment

The ambitious Delhi-Mumbai Industrial Corridor (DMIC) project has opened up an array of investment opportunities for foreign players, private equity funds and domestic investors.  Speaking at a CII event to explore business opportunities in the proposed project Amitabh Kant, CEO and managing director of Delhi Mumbai Industrial Corridor Development Corporation, said a large number of projects that range from road works and waste management to power generation and development of airports would come up in the public-private-partnership (PPP) model. Read more

State panel clears three new integrated housing projects

The State Empowered Committee on Infrastructure today cleared three integrated housing projects to be taken up in and around the city by the Bhubaneswar Development Authority (BDA) and the Orissa State Housing Board (OSHB) on the public private partnership (PPP) mode. Read more

Canada, Europe pension funds for road infra

Canadian, European pension funds may invest in road projects in India attracted by the higher yields than the US after the nation lifted the cap on foreign investment in bonds to lure capital for infrastructure projects. “Long-term funds require a good parking lot and this will be a good parking lot,” road transport and highways minister Kamal Nath said. Prime Minister Manmohan Singh last month allowed overseas investors to buy $5 billion more of obligations sold by infrastructure companies to improve quality of the nation’s ports, power stations and roads, used to transport 65 percent of freight in Asia’s second-fastest growing major economy. Read more

Corporation working on Coimbatore city expansion: Mayor

The Coimbatore Corporation is into some preliminary works relating to the expansion of the city area. The State Government issued an order recently that cleared the way for the expansion of Coimbatore into a mega city. Mayor R. Venkatachalam says the Corporation is studying the revenue pattern, population and infrastructure requirements of three municipalities and seven town panchayats and two village panchayats on the periphery that are to be added to the city. Read more

Technology


15  Investors line up for Punjab TechKnow Park

Rupnagar TechKnow Park in Punjab has invited expressions of interest (EoI) from various investors in the upcoming knowledge park. About 15 investors have been shortlisted, including some industry bigwigs. The park is to be spread over 800 acre and will play host to various educational institutions and knowledge-driven companies apart from IT firms. Read more

Rs 1,500 crore Tech Park to be set up near Gurgaon

The Dutch Haryana Business Consortium (DHBC) has revived its plans for the Rs 1,500 crore tech park to be set up near Gurgaon, in collaboration with Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), which has a 10 percent equity stake in the project. The project was signed in October 2006 while the clearance from the Haryana Investment Promotion Board was granted in 2008, after a techno economic study. Read more

PE firm Zephyr invests rs 45 crore in Trimax

Private equity (PE) firm Zephyr Management has invested $10 million (Rs 45 crore) in Trimax IT Infrastructure and Services, an end-to-end IT services and solutions provider of System Integration, Data Center services, BSNL Managed Enterprise Services and IT Infrastructure Management, through its India investing arm Zephyr Peacock India Funds, for an undisclosed minority stake. Read more

Metro Projects

Gurgaon will soon get its own airport metro line

After Delhi, Gurgaon could be the next city in India to get a high-speed Metro connectivity to the international airport. The Express Metro will run between IFFCO Chowk and the integrated domestic and international airport in the Capital. DMRC spokesman Anuj Dayal said that a feasibility study and preparation of a detailed project report (DPR) for this project is underway. “The tentative alignment has already been worked out. The DPR and feasibility study is likely to get completed in next five months. After DPR, things will be clear whether the stretch will be elevated or underground,” he added. Read more

Delhi Metro Rail Corporation (DMRC) offers metro phase-III funding plan

With an investment of approximately Rs 21,468 crore required for the proposed six corridors in the third phase of Metro projects in the national Capital, the Delhi Metro Rail Corporation (DMRC) has suggested the Delhi Government how to fund the third phase.  Read more

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