Skyline Constructions and Housing Pvt. Ltd, expands its horizons – Opens marketing & liasioning office in Dubai.
Dubai, October 22nd, 2007: Skyline Constructions and Housing Pvt. Ltd., providers of luxury homes in India, today announced the launch of its marketing and liasioning office in Dubai.
Speaking about the need for an office in Dubai, Mr. Avinash Prabhu, MD, Skyline Constructions and Housing Pvt. Ltd., said “There is a significant increase in the number of NRIs in the Middle east region who are looking for investment opportunities in India and also many who want to return to India in the near future. This population believes that real estate is amongst the best investment options available to them but are skeptical about how to go about the formalities of buying property in India. Our office in Dubai hopes to address some of their apprehensions and provide them with an one stop solution to investing with Skyline.”
Addressing the media Mr Rahul Dravid said “Its nice to have been associated with Skyline Construction & Housing Pvt Ltd from Bangalore. I appreciate their quality and commitment towards customers and I have booked an apartment at Skyline Beverly Park . Since we have many things in common, my association continues with Skyline.”
Skyline has a variety of product offerings in the price range of Rs. 7.5 million and upwards and are present in Bangalore, Cochin, Chennai, Mangalore and Mysore.
Indiareit Fund Advisors Pvt. Ltd. – a leading real estate venture capital fund, managing a corpus of more than USD 300 Million has invested in Skyline Constructions & Housing Pvt Ltd. Indiareit has also committed a substantial amount for the future projects too.
“Skyline’s standing in the real-estate industry is unparalleled in terms of quality & consistent timely delivery. As one of the most trusted builders in South India, we have provided world-class luxury homes complying with international standards for our Indian customers. Now, with this office we have the capabilities in tapping the opportunities in this region.” added Mr. Avinash.
About Skyline Construction & Housing Pvt. Ltd.:
Skyline Construction & Housing Pvt. Ltd. is a 125 years old family owned enterprise. The foundation of the company began in the late 1800s, when coffee was the fast emerging cash-crop across the affluent Western Europe. In 1983, the family forayed into property development and within a very short span, developed into a leading and trusted player in Bangalore’s property segment. By 1988 Skyline had bevy of prestigious projects, most of them were considered golden landmarks. Over the years Skyline has completed over 60 projects, adding up to over four million square feet in residential, commercial and industrial space. Skyline Construction & Housing Pvt. Ltd ISO 9001 certified company and is recognized by KOAPA has its core strengths of superior planning, design, scheduled completion and financial transactions have lent it an unshakable credibility in providing the best possible dwelling spaces in the world.
Source: http://presszoom.com/
India is stand in the global economy is undeniable. With every passing year, the economic prowess of India is steadily rising, a fact that can be witnessed with the sensex reaching record breaking highs. The bullish trend of the real estate in India is widely believed as ‘not misplaced’. The strong property market has the backing of sound, rational and futuristic economic policies adopted by the successive governments of the day.With increasing volatility in stock markets and falling interest rates, many investors have started considering investment in commercial and residential properties. The bottom-line is that this is the time to go shopping for property; as the market has started firming up already. As the organised market develops, real estate as an investment is one of the better options available today. In fact the main growth thrust is happening due to faourable demographics, increasing purchasing power, existence of customer friendly banks and housing finance companies, professionalism in real estate and favourable reforms initiated by government to attract global investors.
A potential golden harvest for you has the chances of getting entwined or maybe turning out as per your expectations depending on the real estate agent who is taking you through the deal. India is no exception and what could be at store for you at the hands of the real estate brokers in India can be a bitter pill. So here are a few things to watch out for, just in case a thorough thought is needed. Most of the agents prefer an investor with ready cash at their disposal and hence the best deal would be struck with the best offer to the person at the rate which prevails in the market. This requires a prior understanding of the property agreements in the region. You can make the person or the manager more interested in the offer by putting a short closing date for the investment that you are planning to make.
Commercial property needs to look good from various angles; be it the landscape or the inside of your mall or factory, the need at the time of inspection is to project its excellence. Property is primarily selected by its location and later by the stage of construction. Property for sale in India fetches the price in both the aspects with the destinations of investments being targeted to the developing centers of the country. The nature of use to which your property shall be put to after the sale makes for the needed arrangements that you should put it through. A hosing complex would look better with the facilities that are readily available around the site; industrial and business cites would call for accessibility as the major criteria. Real estate and proximity of land to the necessities determine the price you are offered with.
Filed under: Uncategorized | Tags: Property in Banglore, Real Estate India
Red Fort Capital, an India focused real estate fund with commitments of $850 million, has invested $100 million in Bangalore-based Prestige Developers. Subhash Bedi, one of the founding partners of Red Fort confirmed that investments were made in two separate projects developed by Prestige in Bangalore. According to industry sources, Red Fort is closing in on two more projects promoted by Prestige and is expected to commit an additional $100 million. Red Fort is targeting real estate development on the outskirts of congested cities and rapidly growing smaller cities. Prestige Group, which is enroute to a Rs 800 crore IPO, has raised around $35 million from Red Fort for a two million square feet commercial Technology Park in Bangalore. This office space will be constructed as Phase II of the existing Prestige Technology Park located on the outer ring road between Marathalli and Sarjapur and is roughly 5 kms from the upcoming international airport. Another $65 million has been channeled into Prestige’s 800 acres mega-township in Bangalore. Red Fort has also invested in 11 acres prime residential community in Chennai. Prestige is one of Bangalore’s well-known real estate developers and has a topline of Rs 600 crore. The group has interests in all aspects of real estate ranging from residential, commercial, retail and leisure. It has completed 120 projects so far, encompassing more than 10 million sq.ft. of commercial and residential space. Projects such as UB City and Prestige Shantiniketan are in the pipeline. Prestige, which was focussed on Bangalore till recently, is planning to spread into other cities, through a mall in Hyderabad, residential development in Cochin, a technology park in Chennai and villas in Goa.
Source: http://www.business-standard.com
With the Indian economy in the midst of construction frenzy, experts and environmentalists have felt the need to manage the overburdened infrastructure with appropriate initiatives.
As a result, the concept of ‘green buildings’ is fast catching on. This is true of IT parks, SEZs, commercial properties and to a small extent, residential properties. Essentially these are projects that take into account ways and means to conserve energy, reduce emissions and avoid waste. This happens through use of energy efficient appliances, optimum location to make the best use of solar energy available etc. The concept is more the need of the hour rather than an impressive buzzword.
A blog on www.ecoworld.com, a site with information on green technology states that according to statistics provided by the US green building council (http://www.usgbc.org/), for every 10 per cent gain in green building efficiency, the US reduces energy consumption—from all sources—by 4 per cent.
Source: http://www.hindustantimes.com
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NEW DELHI (Reuters) – Tight monetary policy and subsequent high mortgage rates have affected Indian real estate demand temporarily, the head of India’s most valuable property developer, DLF Ltd, said on Tuesday.
K.P. Singh said that house prices would only begin to fall in a fast-growing economy with a significant increase in supply.
“Real estate prices can come down only by increasing supply and not mere monetary policy,” he told reporters at a conference.
The central bank raised interest rates five times between mid-2006 and March, and has also lifted banks’ reserve requirements to rein in inflation and credit growth.
This prompted commercial banks to raise lending rates including those on home loans by more than 200 basis points.
“Because of high mortgage rates and monetary policy, real estate market is subdued temporarily,” Singh said.
“Growth in home loans may slow to 17-20 percent in the financial year 2007/08,” the Associated Chambers of Commerce and Industry said in a report released on Tuesday.
Mortgage loans grew by 26.6 percent in 2006/07, lower than 29.1 percent in 2005/06, the report said.
“Sale of residential property dropped by over 70 percent in May-June 2007,” it added.
Singh said the middle-class had been worst hit by the recent rate rises, but commercial rentals were expanding and there had been no decline in prices of “high-end” housing units.
Source: http://in.reuters.com
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Second homes are booming. Investors seeking a more tangible, long term return on investment are frustrated with the performance of investment options in the new millennium. Stocks, bonds, mutual funds and other financial investments are not performing as many would have liked. Most investors, however, have found that the best performing asset in their portfolio is their home. As a result, real estate is viewed as a safe haven for investors with appreciation far outpacing other investments. With the security and growing values of residential real estate, a growing number of homeowners are now investing in their second home.
There are a wide variety of reasons why people build or buy second homes. City dwellers may want to escape to their home in the country for weekends and holidays. Northerners may want a home in the sun where they can golf year round. Southerners may want a home in the mountains close to a ski resort. There are also the Baby Boomers…a large number are eyeing retirement and are building second homes anticipating it will become their main residence.
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The real estate market in West Bengal, albeit India has been bullish all this while as the economy is surging ahead. Big companies like DLF and Unitech are entering the market and the market is really responding well. We have a good amount of land bank with us and it is time that we start looking at our real estate business in a big way.
Source : http://economictimes.indiatimes.com/News
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