The Jumabhoy family, once the richest Indian family in Singapore, is developing luxury villas in the Indian city of Bangalore, and the units will be made available to investors in Singapore in a private preview this Saturday. This is the first property development under the Jumabhoy family name in more than a decade. The Jumabhoy family migrated from western India to Singapore in 1916, and made a...
India Property
Developers in India holding property fairs here as record-low rupee entices and cooling measures bite Mr Vivek Sharma, like many Indians who came to Singapore for work, failed to jump into the island state's booming property market before the government imposed taxes to deter foreign buyers. Now, he is joining thousands of his compatriots who are taking advantage of the drop in the rupee to a record low...
The Ascott, CapitaLand's wholly-owned serviced residence business unit, has increased its presence in India with the soft opening of its first Somerset brand of serviced residence. The 187-unit Somerset Greenways Chennai follows the recent opening of the 96-unit Citadines Richmond Bangalore. Ascott has five other serviced residences in India which are under development in Ahmedabad, Bangalore, Chennai...
More Singapore buyers are setting their sights on properties in India, according to a Q2 survey done by PropertyGuru. The survey, which featured over 2,200 respondents found that 14% of those considering overseas property investments listed India as their top pick, behind Malaysia (37 percent) and ahead of Australia (10 percent). Many analysts expect India’s real estate market to be relatively buoyant...
Ascott, CapitaLand's wholly-owned service residence business unit, will open its first serviced residence in India and operations will start from August 1. The 96-unit property - Citadines Richmond Bangalore - is strategically located along Bangalore's well-known Richmond Road in the Central Business District. The property offers a mix of spacious studio, one- and two-bedroom apartments as well as...
The Ascott, CapitaLand's wholly-owned serviced residence business unit, has entered into a joint venture with RMZ Corp, one of India's leading real estate developers, to develop a 203-unit serviced residence in Bangalore. Ascott will acquire a 50 per cent stake in the joint venture company for 151.75 million rupees (about S$4.36 million), while RMZ Corp will hold the remaining stake. The new Citadines...
Ascendas, the Singapore-based provider of business space, will partner a Japanese consortium led by Mizuho Corporate Bank and JGC Corporation, to develop a world-class integrated township in Chennai, India. Ascendas said it has signed a memorandum of understanding (MOU) with the Japanese consortium for the project. The project will feature eco-friendly infrastructure for industrial, business, commercial,...
Mumbai property boasts three helipads, a 50-seater cinema and 600 staff Mr Mukesh Ambani, India's richest man and the world's fourth richest, is having a few friends round to celebrate moving into his new Mumbai pad. But as the home has 27 storeys, soars to 173m and is worth an estimated £630 million ($1.3 billion), it will be a housewarming like no other. Experts say there is no other private property...
India's property market is gaining ground among investors as the country's economy continues to expand and demand for housing rises. Rising income levels and employment opportunities in the IT industry, manufacturing and business process outsourcing in India are also driving a property boom not only in the cities but also in the suburbs, industry experts said. In particular, properties in cities like...
India could be the next stop for property investment opportunities in Asia as buyers look for alternatives following the recent slew of cooling measures in China. That is according to speakers at a property forum organised by NUS-Institute of Real Estate Studies yesterday. GIC Real Estate managing director Goh Kok Huat said property prices in India had risen sharply following the liberalisation of the...