JLL India – “India Desk” in Dubai

Recently, JLL, the leading real estate advisory and investment firm, has launched its own “India Desk” in Dubai, which aims to facilitate the cross boarder investment between the GCC and Indian market. It is expected that JLL’s new initiative will support and help the GCC investors to manage their real estate investments and properties in India, apart from that JLL will also advise the investors and real estate developers about real estate investment on the matter of entering the UAE and wider GCC markets.

In starting “India Desk” will advise the real estate investors in Dubai to fund a development project in Mumbai and it will also shortlist the premium and most profitable land acquisition opportunities in India for those investors who are living in Abu Dhabi. In Dubai, the India Desk will be led by the Swati Shanker, who is Dubai based whereas; in Mumbai Amit Pande Head of Private Wealth for India & Middle East region will led the India Desk.

According to the statement of the Anuj Puri, Chairman and Country Head, JLL India, “We are continue seeing a significant interest from real estate developers and investors from GCC for India and vice versa and due to that we decided to establish the proper channel to make sure that clients are receive the same high quality of services in all around globe as per their need and requirement”. Commenting on the new initiative of JLL, Gaurav Shivpuri, Head of Capital Markets JLL MENA stated that India has very long stand as well as strong partnership with the UAE and due to that it continues to play a huge role in the region’s economic success. For growth of business it’s need of time and opportunity to set up a cross border platform to facilitate cross-border investments between these two countries”.

HDFC Property Fund Invests Rs 100 Crore In Chennai Realty Firm

HDFC Group has announced an investment of Rs 100 crore in Chennai-based realty firm TVH for its impending project in the city. HDFC Property Fund, an arm of HDFC Group, has picked up a 26 per cent stake in the special purpose vehicle – Tharendra Infrastructure Private Ltd which has been particularly formed for the project.

HDFC Property Fund managing director and CEO K G Krishnamurthy told reporters “this project is being developed in association with TVH. The investment is one of the top-ranked exposures for HDFC Property. The company’s biggest exposure was about Rs 500 crore in a project in Mumbai.”

Speaking on the occasion, N Ravichandran, Chairman, TVH, said that the funds from HDFC Property Fund will be employed for the development of a township on 100 acres of land at Manivakkam, West Tambaram.

“The project will be developed in phases where the first phase will be development on plots.  In the next three phases, we plan to launch row houses, villas and high rise apartments. The plots will be sold in 600 square feet, 1,200 square feet and 2,400 square feet at the rate of Rs 2,400 per square feet,” he added.

Caution for the buyers: Profit-driven imagination of the builders leads not only to fake promises, but also manipulating facts and installing fake railway station board.

Midday recently exposed the hoax of a prominent construction group, which has been, for the past four years, advertising its project in Mumbai claiming to be well-connected by a pedestrian bridge to a railway station. The newspaper’s team found out that there is no such bridge connecting the project and the railway station that even the railway authorities are not aware of.

Continue reading at http://bit.ly/fake-railway-station-in-mumbai

Caution for the buyers