Former Tennis Pro Michael Chang Lists His California property for $8 million

By Rohit Sharma CALIFORNIA: Recently, former professional tennis player Michael Chang listed his private property spread over 9.5 acres in California for $80 million. Michael is the first man of Asian descent to win a major tournament and is now coach to professional tennis player Kei Nishikori, who is currently ranked sixth in

Arihant Group to invest Rs 250 Cr in affordable housing project

By Accommodation Times Bureau NOIDA: Arihant Group for developing an affordable housing project in Greater Noida will invest Rs 250 crore. The housing project comprises of 944 units. “The entire investment would be met through internal funding and customer advances”, according to the source. According to Arihant Group, MD - Kaushal Jain, "Housing demand and

Baring Private Equity Asia to Acquire 30% Stake in NIIT Tech for Rs 2,627 Cr

By Accommodation Times Bureau NEW DELHI: Baring Private Equity Asia (BPEA) a capital market company has signed an agreement with NIIT Technologies Limited to acquire 30% stake in NIIT Technologies for Rs 2,627 crores, the joint statement said. BPEA will make an open offer to the public shareholders of NIIT Technologies to purchase

ASK Group’s Property Investment Advisors arm invests Rs 326 Cr in TVS group, Tridhaatu, QVC Realty

By Rohit Sharma MUMBAI: ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group today announced that it has invested Rs 326 crore in housing project develop by QVC Realty Developers, Tridhaatu Realty and TVS Emerald part of TVS Group. Amit Bhagat, MD & CEO, ASK Property Investment Advisors

Report: 74 percent rich Indian prefer United Kingdom to buy new house

By Rohit Sharma MUMBAI: Australia is the destination of choice for Asian Ultra-High-Net-Worth Individuals (UHNWIs) who plan to buy a new home overseas or invest in property in the coming year, based on a Knight Frank survey of 600 private bankers and wealth advisers who between them manage over US$3 trillion of

Google to invest $13 billion on Realty Sector in 2019

By Rohit Sharma Recently, Google has announced to invest $13 billion throughout 2019 in data centres and offices across the U.S., with major expansions in 14 states. In 2018 the company hired more than 10,000 people in the U.S. and made over $9 billion in investments. Sundar Pichai, CEO – Google in

Godrej to develop 6 new projects in Pune

By Rohit Sharma Godrej Properties Ltd today announced that it has entered into an equity investment platform in partnership with a Pune-based developer to develop six projects across Pune. This portfolio comprises various asset classes including group housing projects, plotted development, mixed-used use development and township projects. The total land that will be

Guj & BioChem USA signs MoU worth Rs 3000 Cr for Biorefinery plant

By Accommodation Times Bureau GANDHINAGAR Recently, Government of Gujarat and BioChem USA signed MoU for Biorefinery plant worth Rs 3,000 crore which will be set up at Dahej PCPIR. Yogi Sarin from BioChem and Principal Secretary of Industries and Mines M. K. Das signed the MoU. This plant will be set up with

Brigade – Cornerstone Properties JV for mixed-use township

By Accommodation Times Bureau Brigade, a leading developer headquartered in Bangalore, today launched the joint development project the launch Brigade Cornerstone Utopia, an extraordinary, future-ready, mixed-use township that is designed to redefine Whitefield. The project is a joint development between Brigade and Cornerstone Bay Properties Private Limited. The project is a 47-acre

India attracted USD 239 billion FDI in 5 yrs says Piyush Goyal

By Accommodation Times Bureau The Interim Budget for the year 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal said the country has witnessed its best phase of macro-economic stability, becoming the sixth largest economy in the world from being the 11th in the