Real Estate Gurgaon

Hines India Real Estate, a wholly owned subsidiary of American realty giant Hines, has set up a $300 million fund dedicated for projects in India.

“We have an investment fund in India with $300 million of equity which should sponsor projects up to a billion dollars in total value,” said Yash Gupta, joint managing director, Hines India.

Hines is one of the largest real estate developers in the world. It is a privately-held firm with a presence in over 96 cities across the globe. Its portfolio consists of around 950 properties and the firm controls assets valued at approximately $16 billion.

The Indian office was opened last March and the firm has committed to only one project so far – a city centre spread over 15 acres in Gurgaon in equal partnership with DLF.

This complex will comprise a 30-storey high office tower, retail, restaurant and entertainment venues, a hotel. To attract crowds and make it the “Connaught Place” of Gurgaon, this city centre with also have landscaped exterior and interior public spaces.

“We are more interested in quality than quantity. Hines India will develop iconic landmarks in the country,” said Gupta.

The company has decided to stick to just the metros, as it believes this is where the true demand for quality exists.

It is keen to develop projects in the National Capital Region, Mumbai and Bangalore. “Our presence in Chennai, Hyderabad and Kolkata will be reactive to a good opportunity coming up,” said Gupta.

The company is looking to develop high-end office and residential space, integrated townships and IT/ ITeS special economic zones.

Source : Business Standard

The Gurgaon-Sohna road has emerged as the latest area of rapid real estate development in the National Capital Region.JMD Promoters is also taking a step in this direction.Massive in dimension and unlimited in providing lifestyle comforts; JMD Gardens is a substantially built housing complex that comprises 500 flats, running into 17-storey constructions, with options for three-bedroom, three-bedroom-plus-study and four-bedroom accommodations and penthouses that spread over an area of 11 acres at a prime location

Setting a significant standard, JMD residential options exclusively come for those who believe in style and grandeur. JMD Gardens is to arrive with plush interiors and ample space to unleash every fantasia into profound reality. Instilled with the option of acrylic emulsion paint, combination of textures, paint finish with stone and grit, vitrified tiles, laminated wooden flooring, chrome, coloured sanitary fixtures, seasoned hardwood frames with European style.

Source:http://www.moneycontrol.com/

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/