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Last Update: Sun Dec 3 10:49:08 2006

+ Ascendas real estate fund buys Cyber Pearl IT Park in Hyderabad | INRnews + Hyderabad, November 30, 2006 :  Ascendas India IT Parks Trust, a $350-million private real estate fund, has purchased L& T ...

+ Rail land development authority constituted | INRnews + New Delhi, November 30, 2006 : The Rail Land Development Authority (RLDA) has been constituted through an amendment to the Railways [...] Chairman, Vice-Chairman and four members, including one from outside (i.e. non-Railway member) who will be an expert in real estate.

+ Office space absorption in National Capital Region increases | INRnews + New Delhi, November 30, 2006 : The National Capital Region (NCR) has witnessed overall office space absorption of 6.36 million sq. ft. [...] estimated to be 8 million sq. ft. by year end, nearly 3.5 times of the absorption in the entire year of 2005 (2.36 million sq. ft.).

+ New 130,000SF office building slated for Gurgaon, India | INRnews + Gurgaon, November 29, 2006 : The WIRE Group have unveiled plans to develop a 130,000SF International Class A Office building in [...] professionals will be involved in the design and development of the building. The amount of the transaction was not disclosed.

+ FDI’s share in Indian real estate to touch 26% By March 2007 | INRNews + New Delhi, November 27, 2006 : FDI’s share in domestic real estate market will touch about 26% by March 2007, 10% higher than [...] of global real estate players in the Indian real estate market and increasing demand for office space particularly in IT & BPO.

+ Ahmedabad - Gandhinagar road sees real estate development interest | INRnews + Ahmedabad, November 27, 2006 : The road connecting Ahmedabad airport to Gandhinagar is seeing strong interest from developers, [...] and excellent connectivity. IT facilities and hotels as well as educational/research institutions are being planned for this stretch.

+ US$8 billion to flow into Indian real estate funds | INRnews + Bangalore, November 23, 2006 : After the government’s relaxation of foreign direct investment (FDI) norms for the real estate [...] launches. Sizable investments are expected to flow into these funds according to real estate services firm Jones Lang LaSalle (JLL).

+ Aggressive growth ahead for Bangalore commercial and retail real estate | INRnews + Bangalore, November 23, 2006 : Aggressive growth is forecast for the Bangalore commercial and retail real estate by real estate ...

+ IT SEZ to come up on 550 acre site in Vadodara | INRnews + Vadodara, November 22, 2006 : Nipiam Infotech Private Limited is to develop a 550 acre IT SEZ at Nimeta in Vadodara in collaboration [...] completed within two years, will include an IT Park on 100 acres. The total project investment is in the range of Rs.2,600 crore.

+ Indian real estate market growing by 30% a year | INRnews + Bangalore, November 21, 2006 : New research issued by global real estate adviser DTZ has revealed that India is becoming one of the ...

+ Old Mutual in large retail leasing deals in India | INRnews + Mumbai, November 19, 2006 : Two large retail leasing deals have been signed in India by Pioneer Property Zone, a joint venture between [...] retail space, and for a luxury mixed-use development in Bangalore. The leases cover a combined 50,000 square meters for both projects.

+ Delhi commercial real estate prices soar | INRnews + New Delhi, November 18, 2006 : With no new office supply in the New Delhi CBD (Connaught Place) and surrounding locations, demand has [...] 95% in the CBD and capital value appreciation of close to 140% according to real estate services firm Cushman & Wakefield.

+ Mumbai commercial real estate see strong appreciation | INRnews + Mumbai, November 17, 2006 : Mumbai's commercial real estate market has appreciated considerably over the last one year. Rents in [...] by 51% vs. 12 months ago. In the suburban Bandra Kurla complex, rentals are up by 132% and capital values are up by 115% over a year.

+ Madhapur - the preferred commercial real estate destination in Hyderabad | INRnews + Hyderabad, November 17, 2006 : Hyderabad is a yet another example of an evolving real estate market, where suburban developments [...] completed on government allotted land and therefore they have clear titles, unlike in and around the CBD, which face various issues.

+ Chennai commercial real estate supply increases | INRnews + Chennai, November 17, 2006 : Chennai is witnessing an increase in supply in the suburban and peripheral markets, primarily along the [...] periphery. These emerging markets are attracting interest of the investors and lessees alike and may grow as potential business hubs.