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Welcome to Sobha Ruby Home, where anything you need is not far from home, Well almost, Renowned for its high quality and swank design, an elegant 1196-1469 sqft (2/3 BHK) home here bears all the hallmarks that a Sobha Property is known for – the highest standards of construction combined with the aesthetic flourishes of a modernand easily accessible home, Chhose from 568 well –crafted Sobha Ruby homes that will make life a lot more simplex.

Feature

Swimming pool

Club house

Children play area

Central park

About Sobha Ruby Banglore

Today Sobha developers a Rs. 12 billion plus company is one of the largest and only backward integrated company in the construction arena. Since its inception Sobhas reputation is built on rock solid values, benchmark quality standards, uncompromising business ethos, focused customer centric approach, robust engineering, in-house Research and development and transparency in all spheres of conducting business, which have contributed in making Sobha a preferred real estate brand in both residential and commercial segments. This was emphatically endorsed during its IPO in 2006 when the issue was oversubscribed by 127 times that created history, being the first event of its kind in Indian capital markets.The company has gone from strength to strength completing 18.8 million square feet of area as of September 2007, 42 completed residential/ commercial in house projects, 36 ongoing projects and 104 contractual projects beginning with the first residential project in Bangalore in 1997. An industry leader in Bangalore, Karnataka, contractual projects have also been constructed in Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Harayana and Maharashtra.

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Overview on Sobha Ruby

Welcome to Sobha Ruby Home, where anything you need is not far from home, Well almost, Renowned for its high quality and swank design, an elegant 1196-1469 sqft (2/3 BHK) home here bears all the hallmarks that a Sobha Property is known for – the highest standards of construction combined with the aesthetic flourishes of a modernand easily accessible home, Chhose from 568 well –crafted Sobha Ruby homes that will make life a lot more simplex.

India 3rd Most Popular Real Estate Destination among Emerging Countries

According to survey conducted by Association of Foreign Investor in Real Estate (AFIRE), India is 3rd behind China and Brazil to attract foreign investment in real estate. China is heads and shoulders above the others as the preferred country for Foreign investment in real estate – Infact China is the only country where more Foreign Investors showed interest in buying real estate in 2010 as compared to 2009. All other countries in top 5 on the contrary have showed a steep decline.

In 2009, more than 18% Foreign investors showed interest in India’s real Estate, while this year the figure dropped to close to 11%. The other countries which show sharp decrease in interest in real estate acquisitions are Brazil, Mexico, Turkey and Russia.

source of news – indianrealtynews

DLF nixes mall plans, offloads Bangalore property

BANGALORE: DLF has sold its 15-acre property in a posh Bangalore suburb after plunging footfalls and poor margins nixed the company’s plans for a large-scale mall in the locality. The firm sold the land in Whitefield, to NetApp India for Rs 120 crore.
“The firm has decided not to go ahead with the mall project. It had earlier planned to build a retail mall on this particular land parcel, but has now decided to hive it off,” said an official privy to the development.
The move once again highlights the Gurgaon-based company’s travails in the southern states. DLF has had a run in with the two states of Karnataka and Tamil Nadu where it announced projects in the heady days of 2006-07. The developer has pulled out of the Bidadi Knowledge City project, estimated to cost a whopping Rs 60,000 crore last year citing difficult market conditions. With the project failing to take off, the Karnataka government returned Rs 400 crore on May day last year to DLF.

source – Economic Times

Alok Inds plans to exit real estate business

MUMBAI: Alok Industries, a Rs 3,000-crore integrated textile manufacturer, is looking to exit the real estate business  and offload stakes in international retail subsidiaries. With this, the Alok group plans to raise around Rs 1,200 crore, which will go towards repaying its debt in the next two years, according to a person close to the development. The group has debt of about Rs 6,600 crore on its balance sheet, as on March 2009.

for detail visit – Economics Times

Realty companies on a stronger wicket in Q3

The uptick in the quarterly sales of most listed players is perhaps an indication that housing demand may have picked up after a prolonged slump.

The improved show is also on account of the fact that qualified institutional buyers (QIB) have pumped in money which has helped boost liquidity levels for realty firms. By paring debt, these companies have been able to check interest outflows, making it easier to raise funds in the future.

All these are expected to be reflected in the upcoming December 2009 quarter results. On a quarter-on-quarter (q-o-q) as well as year-on-year (y-o-y) basis, there should be an improvement in sales. In fact, it is not only just first-time buyers who are in the market, there is also an upswing in resale activity. Commercial and retail segments are seeing signs of a recovery but there’s nothing that firmly signals an upward trend.

source – Economic Times

Godrej Properties lists at 16% premium

Chennai, January 6, 2010: Godrej Properties Ltd. listed at Rs. 510, a premium of 16% over the issue price of Rs 490 per share on the BSE.

Godrej Properties Limited a part of Godrej group of businesses had entered the capital markets with its IPO of 9,429,750 shares with a price band of Rs. 490 – Rs. 530 aggregating up to Rs. 500 crore.

Commenting on the listing, Mr Sudip Bandyopadhyay, Group President- Finance, Spice Group, said: “The great listing of Godrej properties once again shows that credibility of promoter group coupled with leaving margin on the table for the IPO investors always works wonder for post listing performance for any IPO.”

The IPO of Godrej Properties Limited received an overwhelming response as it got subscribed four times. The Global Coordinators and Book Running Lead Managers to the issue are ICICI Securities Limited and Kotak Mahindra Capital Company Limited, and the Book Running Lead Managers are IDFC – SSKI Limited and Nomura Financial Advisory and Securities (India) Private Limited. Karvy Computershare Private Limited is the registrar

source – mydigitalfc.com

Recession-hit Indian Real Estate Sector Crawling towards Recovery: E&Y

Recession-hit Indian real estate sector is crawling towards recovery with the return of end-users as well as institutional investors in the market, consultancy firm Ernst & Young has said. “The real estate sector is generally looking positive now. End-users are back in the market. Several developers are announcing new projects. Institutional investors, particularly private equity funds, are starting to look at projects for investment,” E&Y Associate Director (Real Estate Practice) Mr Chintan Patel said.

The sector fell into a deep crisis after the economic meltdown and coming back to buoyancy was delayed as buyers’ preferred to “wait and watch” before taking the buying decision. Mr Patel said that end-users are no longer shying out of the market as the fear of further economic slowdown and job losses have subsided. Developers are also now more focused on the need of the consumers and a few of them have announced new projects, pa rticularly in the affordable housing segment. Read More »

Carlson bets big on India

Carlson Hotels Worldwide (CHW), a leading global hotel chain with operations in more than 1,060 locations in 77 countries, has drawn up aggressive expansion plans for India. To be implemented in the next three years, the plan envisages to add 50 hotels to its present portfolio of 28 across its four brands namely Radisson Hotels & Resorts, Country Inns & Suites, Park Plaza Hotels & Resorts and Park Inn.

Besides, Carlson is also introducing its luxury brand ‘Regent Hotels & Resorts’ in India under which it will be operating a hotel with 160 guest rooms and suites in Gurgaon by 2013. It has tied up with real estate major Pioneer Urban Land and Infrastructure which is developing the property.

The growth plans for India, which were well under way, would strengthen Carlson’s position as the largest and fastest-growing international hotel operator in the country by number of hotels, according to Hubert Joly, President and CEO of Carlson. “We are optimistic about India and its growth prospects as a leading emerging economy,” he said.

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Residential property to play a major role in revival of real estate sector

As the year 2010 begins , it is heartening to note that homebuyers are taking the lead in reviving the realty market. Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of their way to woo customers , with projects to suit different tastes and budgets.

Talking about the phenomenon , Kaustuv Roy, executive director, India, Cushman and Wakefield, the international property consultants says, “Post meltdown, the residential sector has been the fastest to recover with stabilisation of prices being the major factor. The oversupply percentage was lower compared to other sectors, where estimates were much higher than the actual demand.”

for more detail visit – Economic Times