The global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100 million to $125 million (Rs 530 crore to Rs 600 crore) in a residential project in Mumbai. The Morgan Stanley fund will invest in the unlisted Indian firm’s project in the western suburbs of Mumbai, Business Standard [...]
Posts Tagged ‘Non Resident Indian (NRI)’
Morgan Stanley to invest Rs 600 crore in Mumbai projects
Posted by propertyagentsindia on December 21st, 2011
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Investment in Real Estate by US NRIs dips but Bangalore retains top slot
Posted by propertyagentsindia on December 14th, 2011
The impact of economic slowdown has been increasingly felt on the overall demand pattern among US NRIs while investing in real estate back home. However, Bangalore continues to remain the favoured destination for investment in housing. But the quantum of demand has dipped over the years. An estimated 45 per cent of the US NRIs [...]
Fresh Govt push for retail, civil aviation FDI
Posted by propertyagentsindia on December 13th, 2011
The government has not given up on liberalizing the foreign direct investment (FDI) regime despite suffering a setback on allowing foreign retail chains to set up shop in India. Within a week of announcing a pause on FDI in multi-brand retail, it is beginning fresh consultations with stakeholders, starting Tuesday, to get the plan back [...]
Canada Based PE Fund SITQ Decides to Shut Down Indian Operations
Posted by propertyagentsindia on December 9th, 2011
Canada-based PE fund SITQ, which had plans to invest up to $1.6 billion in the Indian real estate sector, is shutting down its operations in the country. The fund has not been able to identify deals in the ‘right value’, said a person with direct knowledge of the development. SITQ, which is a part of [...]
India Based Pacific Real Estate Development Plans to foray into Dubai Real Estate
Posted by propertyagentsindia on December 7th, 2011
India-based Pacific Real Estate Development has announced its first property venture in Dubai, the 28-storey luxury tower at Tecom Media City.Announcing the launch, Parvez Khan, founder, Pacific Real Estate Development said, “We are very positive about the real estate market here. Everywhere in the world, the business environment is currently going through upheavals, but we [...]
51% FDI in Retail: Govt Looks for Support from Allies
Posted by propertyagentsindia on December 1st, 2011
The Prime Minister will meet leaders from key ally parties this morning in Parliament to gauge their support ahead of a possible vote on his new policy to allow 51% foreign ownership of store that stock different brands. The Congress must have the DMK and Mamata Banerjee on board – both parties have 18 Lok [...]
Around 50% UAE NRI’s Planning to Buy Property in India
Posted by propertyagentsindia on December 1st, 2011
Nearly half of non-resident Indians (NRIs) plan to buy property in India for investment purposes, according to a survey released by Sumansa Exhibitions. Conducted amongst 15,000 NRIs across the UAE, the survey revealed that Mumbai and Delhi grabbed the top spots as the extremely viable options for property investments since the cities continued to be [...]
Uproar in Parliament over Govt’s Decision to allow FDI in Retail
Posted by propertyagentsindia on November 28th, 2011
The Lok Sabha and the Rajya Sabha were adjourned till noon, minutes after the two Houses gathered on Monday, as a united opposition created uproar over government’s decision to allow FDI in retail. The opposition members were up on their feet shouting slogans against the government.
In Lok Sabha, plea for calm by Speaker Meira [...]
Puravankara Targets Overseas Market; Plans Project in Sri Lanka
Posted by propertyagentsindia on November 23rd, 2011
Real estate developer Puravankara is eyeing the overseas market for expansion. The company’s maiden project in a foreign soil is coming up in Sri Lanka. The company had invested on the land some years back, but postponed development as the situation was not congenial for promoting mega projects. “We were waiting for the right [...]
Decision on FDI in Multi Brand Retail Next Week
Posted by propertyagentsindia on November 19th, 2011
The Government’s long awaited ‘big ticket’ reform — of allowing foreign direct investment (FDI) in multi brand retail — is likely to see the light of day soon, with the Union Cabinet likely to take up the issue next week. The case for increasing the current 51 per cent cap on FDI in single-brand retail [...]
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