Axiom Estates,
being a leading provider of India Property Services to the Indian
Diaspora around the globe provide the best in class options that match
client requirements, best practice transaction structure & support,
and key collateral services to enable clients to get the best out of
their investment. Axiom's extensive network, marketing and sourcing
arrangements with leading players in Indian real estate, there direct
presence across India and internationally, gives an unique and
incomparable access to the dynamics and drivers of the Indian real
estate. Axiom estates is orgainisng a Road show(7th-28th
june’08), in which they have several of India's top brand developers
participating including the likes of SD Corp, Hiranandani Upscale,
Rustomjee, Unitech, Parsvnath, Emaar MGF & Kumar and launching some
very exciting new projects. They also have over 300 new developments in
20 cities to offer.
Sterling Urban
Developments, a joint venture floated by HDFC Property Fund (a
subsidiary of Housing Development Finance Corporation) and
Bangalore-based Sterling Developers will take up development of 150
acres in Whitefield at a cost of Rs 4,000 crore. The project, ‘Sterling
Villa Grande’, is being taken up in Whitefield and will see a total
built-up of 20 million square feet at a cost of Rs 4,000 crore. The
project is being built in phases. Along with the Bangalore project, the company is also into expansion. As part of expansion the company has commenced property development in Pune and Kochi.
The company is actively considering acquiring two infrastructure
companies to aggressively enter infrastructure sector. Sterling
Developers’ investment plans span education and hospitality sectors as
well. The company has acquired land for hotel project in Hyderabad and
Bangalore. Currently, the company owns and manages the Canadian
International School, in Bangalore and is planning one each in Lonavla
and Noida. The move by HDFC to invest in the property development of
Sterling Developers follows a string of high-profile global private
equity in Bangalore real estate. Global institutions such as Goldman
Sachs, JP Morgan, Blackstone, Citi are actively hunting down lucrative
investments in this market which is witnessing growth at a furious pace.
Real
estate developer Nirmal Lifestyle Ltd plans to build five integrated
townships costing about $5 billion (Rs20, 300 crore) in 10 years. The
firm, which has developed a township, and residential and retail projects in the city, said three of the townships will be in Mumbai, and one each in Pune
and Indore. Each of the projects will include an IT special economic
zone, and will have about 20 million sq. ft each. The company is
finalizing the land acquisition for these projects. They plan to fund
the land acquisition through internal accruals. For each city, they
will also look at partners but that will only be on maturity of the
project. They also plan to go public in the next 12-18 months. Nirmal
is currently developing a 3 million sq. ft shopping mall in Mumbai and
a 1,080-room hotel project, jointly with France’s Accor SA. Real estate
developers in India have rushed to set up industrial zones and
townships in the last few years due to easier investment rules and
rising demand for homes and offices.
