Real Estate Gurgaon - blog

DLF Hotels to bring Four Seasons to Gurgaon

noreply@blogspirit.com () — Wed, 05 Sep 2007 07:20:00 +0200

DLF Ltd has announced that DLF Hotels, the hospitality arm of the Company, on August 30, 2007 announced that it has reached an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links, in Gurgaon.

Targeted to open by end 2010, Four Seasons Hotel Gurgaon will be located at the DLF Golf & Country Club in DLF City, Gurgaon. The 230 room Hotel will overlook the picturesque 18 - hole, Arnold Palmer Signature Golf Course, and will feature several dining options, a full feature spa, as well as facilities for meetings and functions.

This move further strengthens the DLF Hotels portfolio and the vision of developing, acquiring, financing and actively managing quality hotels. The company is well poised to achieve its target to build and "own" India's largest hotel assets with over 25,000 - 30,000 guest rooms in next 7 - 10 years. In November 2006, DLF Hotels had announced its first JV with The Hilton Hotels to develop 60 - 75 business hotels throughout India.

The Company is the largest real estate development Company in India in terms of area of completed residential and commercial development (Source AC Neilsen Report. The Group's existing range of business verticals span across the Homes, Offices, Shopping Malls, SEZs, Hotels and Infrastructure, which contributes towards ‘Building India’. DLF has projects with lettable or saleable area of approximately 44 million square feet under construction and Land Reserves across 31 cities.

Four Seasons is dedicated to perfecting the travel experience through continuous innovation and the highest standards of hospitality. Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centres and desirable resort destinations around the world. Currently with 74 hotels in 31 countries, and more than 25 properties under development, Four Seasons continues to lead the hospitality industry with innovative enhancements, making business travel easier and leisure travel more rewarding.

Source: Equity Bulls

DLF gets cracking on Gurgaon-II

noreply@blogspirit.com () — Mon, 11 Sep 2006 09:12:13 +0200

DLF Ltd is in the process of doubling its land holdings after putting off its public issue.
The real estate company is working on a second integrated township near the existing DLF City in Gurgaon, with an estimated investment of Rs 30,000 crore.
In realty circles, the new township is being referred to as DLF City II. It is in accordance with the new master plan for Gurgaon, and will be as large as the existing DLF City spread over 3,000 acres. DLF’s existing township took off in phases — as DLF Phase I, Phase II and so on till Phase V.
The new township is expected to come up in five phases. It, too, will include plots, luxury and middle-income homes, apartments, malls, and offices. Also, with DLF foraying into hospitality, hotels are also likely in the new township
Property prices have been climbing in the last 12-15 months, which means DLF mostly paid less than what it will have to shell out today.

Source:http://www.business-standard.com

DLF to invest Rs.30,000 Crore in retail space

noreply@blogspirit.com () — Wed, 05 Jul 2006 07:07:29 +0200

Real estate major DLF has chalked out an aggressive expansion plan to invest Rs 30,000 crore by 2015, for developing 100 million square feet retail space. The capital-based DLF, which is coming out with perhaps the country's largest initial public offer to raise more than Rs 10,500 crore, has already started working on its upcoming 34 shopping malls covering 21 million sq ft. DLF is eyeing to capture 5 per cent share of retail space in the next ten years across the country.

It is banking on the rapid growth in organised retail sector, which is expected to go upto 45-50 billion dollars in 2015 from just 7-8 billion dollars in 2005.The company has made an elaborate plan to develop 100 million sq ft retail space by 2015 under six different formats- prime downtown shopping districts, shopping centres, stand-alone stores, neighbourhood malls, destination malls and super luxury malls.

DLF intends to set up 22 stand-alone stores in one to two lakh sq ft each while 10 super luxury malls would be developed in three-four lakh sq ft each, to fulfill the needs of large format retailer for self-owned stores.
The largest up-coming mall which is currently under execution happens to be Gurgaon-based mall of India, spread over 32 acres with covered retail space of four million sq ft.

Source:http://www.zeenews.com/

A Shenzhen plus Gatwick in Gurgaon

noreply@blogspirit.com () — Tue, 20 Jun 2006 09:00:49 +0200

Reliance Industries Ltd (RIL), which signed an agreement with the Haryana government to set up India’s largest special economic zone (SEZ) in Gurgaon near Delhi, is aiming to create an ultra-modern city for technology and non-polluting industries that will be just under a quarter of Mumbai’s geographical size.

The project, which will involve Rs 25,000 crore of direct investment by Reliance Haryana SEZ Pvt Ltd, is modelled on the enormously successful Shenzhen SEZ in China. While Shenzhen is housed over 32,700 hectares, the Reliance SEZ will use 10,000 hectares (100 sq km). When completed over 5-10 years, it could catalyse investments in the region of Rs 1,00,000 crore.

About 5% of the 10,000 hectare project area is being earmarked for leisure and recreation. "A possible tie-up with Disney, Time Warner or Universal could be undertaken," said Ambani. A golf course built to standards prescribed by the Professional Golfers’ Association will also be set up in this special zone.

HSIIDC expects to complete the land acquisition in three years and development activities would be completed in another two years.HSIIDC will get Rs 360 crore in the form of total land acquisition costs upfront, 9% interest capitalised as holding cost, and administrative cost at the rate of 15% of the cost of the acquired land. In addition, it would get sweat equity, without any investment, at 10% of the equity.

Source:http://www.dnaindia.com/

Big rises are out, prices will stabilise

noreply@blogspirit.com () — Tue, 13 Jun 2006 08:09:04 +0200

Will the stock-market slump affect the real estate market?
Experts across Mumbai, Bangalore, Chennai, Hyderabad, and Delhi feel the downturn in the bourses may affect short-term sentiment in the realty market but will not lead to a fall in property prices, as the fundamentals of the real estate market are strong.
Property sector in Gurgaon and NOIDA remain buoyant due to continued demand from IT/ITES players. “This year, we may not see the 20-30 per cent rise in prices as in the last couple of years, but prices will still move north,” said a report prepared by Cushman and Wakefield.

Source:http://www.dnaindia.com/

Eye of real estate on medical hub

noreply@blogspirit.com () — Thu, 04 May 2006 12:31:42 +0200

Real estate developers and construction companies now see a big boom in medical infrastructure.
In the corporate hub of Gurgaon itself, work is on for over half a dozen large-scale private hospital projects, with involvement of big ticket real estate developers such as DLF and Ansal Properties and Infrastructure (APIL) and construction majors such as Punj Lloyd among others.

Of the upcoming projects, Umkal Hospital has already acquired land from APIL in Palam Vihar and entered into a lease agreement with DLF. Many projects by high profile real estate developers and medical professionals are in the concept stage too.

Medical and Real Estate Hubs are now Get together to achieve maximum....................

Source:www.indiatimes.com

Boom Of Commercial Property

noreply@blogspirit.com () — Thu, 27 Apr 2006 07:55:00 +0200

Starwood has said, it would jointly develop three more Commercial properties at Rs 750 crore with Vatika Hospitality Pvt Ltd and introduce the Westin brand in India. Vatika Group's subsidiary, Vatika Hospitality would manage two new Westin properties, Westin Resorts, Sohna to be launched in December this year followed by another in Gurgaon by 2007.

Commenting on the venture, President, Starwood Hotels and Resorts, Asia Pacific, Miguel Ko said: "There are definitely tremendous growth opportunities for us in the gateway cities and relatively underdeveloped resort market." Citing recent research, Ko said India is the fastest growing market in the Asia-Pacific for international tourist spending, which has grown to 25 per cent in the last quarter of 2005. This growth is expected to accelerate significantly over the next few years.

Source:www.indiatimes.com

Property Investment in India

noreply@blogspirit.com () — Thu, 20 Apr 2006 12:37:03 +0200

Noida might be better connected to Delhi.Indirapuram might be close to Connaught Place, and Faridabad to south Delhi. And Greater Noida might be the best-planned township in the country. Despite competition from these areas, Gurgaon continues to hold its own as the most attractive suburb within the NCR.
Reason::It has international standard office space that attracts big corporates; it has, or is developing, high-end condominiums to house corporate staff; it’s a BPO hub; and it also has the malls and pubs that offer a cosmopolitan lifestyle. Not surprisingly, Gurgaon has also led the field in property price appreciation. Over the past two years, real-estate prices have risen by 25-35 per cent annually.

Get More Information:: Real estate Gurgaon
Easy availability of housing finance and rising salaries within a fast growing economy have pushed up demand in the residential segment. Over the past couple of years a number of Indian and overseas companies have moved into Gurgaon. Furthermore, the easy availability of loans has spawned a class of investors who take loans to buy a second property as an investment. The affluent also buy here because they want a weekend home. All these factors have pushed up demand.

Source: http://www.expressestates.in/

REAL ESTATE BOOM IN GURGAON

noreply@blogspirit.com () — Tue, 18 Apr 2006 13:09:56 +0200

I really want to invest in India because India faces the fastest growing economy phase and india is a country where investors invest like anything..................... This is the greatest hub and the most attractive point for the WORLD"S Largest Real Estate Giants. And I Believe by investing in India i'll get what I want!!!!!!!!!!!!!!!
But , the question arises where i should invest in India????????
I visited indiaground.com and it's really a fantastic site which helps to guide me where i should invest my precious money so that i'll get return of it.......
In India , many metros and non-metros are in the developing phase or some are developed like Delhi, Hyderabad, Mumbai. I believe i should invest my money at Gurgaon which is the most attractive point in terms of it's growth prospect.
Gurgaon is the place where I can get my Dream Home as well as I can also invest in commercial property.I am very excited to invest my property in Gurgaon.
It's really right time and right place for me to invest . I am sharing my feelings and suggesting you people to Think about it !!!!!!!!!!!!!!! Atleast Once!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Get More Information:
http://www.indianground.com/news.html

GURGAON::: THE BEAUTIFUL CITY

DLF wants Hilton for hotel foray

noreply@blogspirit.com () — Tue, 04 Apr 2006 08:25:00 +0200

Siddharth Zarabi & Nayantara Rai / New Delhi April 4, 2006

Talks with Hilton centered around setting up business hotels across the country.
The DLF group, India's largest real estate developer, is learnt to be in talks with Hilton International for a foray into the hospitality sector. DLF had acquired a 1.24-acre hotel site for Rs 97 crore in the Rohini district centre from the Delhi Development Authority last month.
Sources close to the development told Business Standard that the talks with Hilton were centered around setting up business hotels at various locations across the country.

When contacted, a DLF spokesperson said, “We are open to exploring new ventures in the area of speciality projects, including the hospitality sector. As of now, there is nothing in the pipeline to confirm or discuss.”

Company sources confirmed the Rohini land acquisition through a group entity, Breeze Construction. DLF is permitted to have a maximum built-up area of 20,516 sq metres at the site and given the location, it is likely to be a business hotel.
Unlisted DLF, promoted by KP Singh (ranked 114th in the recent Forbes list of billionaires with a net worth of $5 billion), has construction activity spread over 100 million sq ft in a dozen cities. It has lined up development plans for over 1,000 acres every year.

In Gurgaon, DLF is planning projects in phases which may cover a total of 10,000 acres at a projected investment of well over Rs 1,000 crore.

Source: http://www.business-standard.com