DuPont has signed a definitive agreement to acquire MECS Inc, from affiliates of American Securities LLC; advancing the company's capabilities to deliver sustainable solutions and expand its reach in emerging markets.
Jones Lang LaSalle has been named 'Best Property Consultancy' in Asia Pacific at ‘The Asia Pacific Property Awards 2011’, held in Shanghai in association with Bloomberg Television. The firm dominated the award categories across 10 countries in the region.
Mumbai has been ranked as the third most promising investment market and the first most favoured development market in the recent Emerging Trends in Real Estate Asia Pacific 2011 a real estate forecast jointly published by the Urban Land Institute (ULI) and Price water house-Coopers (PwC). Development in Mumbai continues to be an area of interest, with the city ranking first in the 2011 results, up from second in 2010.
Rob Blain, Chief Executive Officer and Chairman of CB Richard Ellis-Asia Pacific said he expects more foreign funds to flow into Indian real estate market with an improvement in market sentiment. All funds are spreading their risks and are going towards emerging markets as well. The company hopes to facilitate more capital flow into India, he said.
Over the next five years, Hyatt Hotels Corporation will increase the number of hotels it operates in India manifold to 70. The US hospitality major, which signed up just ten hotels in its 30 years of existence in India, will increase focus on mid-scale properties as it speeds up its expansion in the country, Ratnesh Verma, senior vice-president, real estate and development for Hyatt International Asia Pacific, said.