More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
After releasing the vision action plan document at the Collectorate in Chittoor, Andhra Pradesh Chief Minister N Chandrababu Naidu has reportedly approved for establishing another airport at Madanapalle.
Matrix, manufacturer and believer of ‘Made in India’ telecom and security solutions, has been a host of a number of its maiden event Insight. This event has been conducted and used as a platform to spread our reach in different markets, getting in touch with partners and prospective system integrators.
Kotak Realty Fund has reportedly invested a total of Rs 320 crore in two projects located in Chennai and Mumbai from its $250 million offshore-fund. The company has invested in a Rs 80-crore office project in Mumbai and Rs 240 crore in a shopping mall in Chennai. Both these projects are currently under construction.
Abu Dhabi Investment Authority (ADIA) will soon be investing $1 billion in the National Investment and Infrastructure Fund (NIIF), indicate reports, thus aiding India in raising equity funds for the development of its infrastructure.