NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
 
New Players in Indian Real Estate
Monday, October 08, 2007

Real estate India has a host of new players notable debutants include the Adani Enterprises and the royal Ghorpade family. Diversifying from metals and agricultural commodities, Adani is venturing into real estate and infrastructure development.

Plans for an IPO are under way to finance its power and real estate business, and the company has reportedly committed an investment of USD 2.5 billion towards the project. Preliminary reports quote an area of 28 million sq. ft that Adani would initially develop in its real estate venture.

The Royal Ghorpade family of Maharashtra has made its mark in the Indian real estate business with an IT Park in Pune, and an upcoming agro SEZ in Satara.

With a land bank of 18,000 acres, Mudhol Land Holdings, the company through which it operates will develop more malls and IT parks in western Maharashtra and north Karnataka.

Mudhol made into debut into Pune real estate with the Cybernex, an 8,000 sq. ft IT complex on Shankarsheth Road and registered with the Software Technology Parks of India (STPI).

Reliance and Axis Bank have established their back-offices here, and more IT players have shown an interest. A mall on Viman Nagar, Pune is next on the agenda, along with projects in Kolhapur and Mudhol.

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications