Important & Valuable informationSterlite Proposes Rs.9000 Crore LCD Plant in Fabcity Hyderabad
Sterlite has come forward to put up LCD Manufacturing industry in Fab city with in an investment of Rs.9000 crores.
A delegation from Sterlite met CM Rosaiah and requested to allot 50 acres of land in Fab city, near Shamshabad. CM has asked delegation to submit complete report to APIIC. Source: http://www.gsrkestates.com/news_n_update.php?&title=29
HNIs infuse $4 bn into India’s property market
High networth individuals (HNIs) have pumped nearly USD 4 billion into India’s property market. A report from Barclays Wealth finds that this is set to increase as India is touted to be among the top five property investment destinations in the world.
Emerging markets like China and India may find favour with high networth investors. This even as the US and UK continue to remain preferred investment destinations. That’s according to the latest Barclays Wealth insight report. It also reveals that India is among the top five emerging property investment destinations.
So, while Dubai’s property market witnessed a 48% decline in Q2 compared to last year, India’s property market has been on an upswing. Satya Narayan Bansal, CEO, Barclays Wealth India, says, In the last six months, USD 4 billion has come from qualified institutional buyers. There is great interest, but it remains to be seen how much of that will come through foreign direct investment.
The report finds that 30% of HNIs surveyed in India have invested nearly half of their portfolio in real estate.
Experts say investors may be eyeing India because it is rapidly growing economy and rising prices of assets over the long-term. India figures as top five destinations for investors. It will attract a lot of attention from global funds and investors and can offer great investment inflow, Bansal added.
While investors are betting on a recovery in the US and UK, they expect rapid economic growth to fuel demand for property in India and China. Source: http://www.gsrkestates.com/news_n_update.php?&title=22
Millennium Spire to invest $1 bn in Indian realty
UK-based private equity firm Millennium Spire today said it will invest $1 billion (over Rs 4,500 crore) in various real estate projects in India over the next five years as it sees huge potential in the country.
"The growth in Indian real estate market is very robust. Although no big ticket private equity investment has been announced this year, 2010 is going to be a year full of events," Millennium Spire India Management Managing Director Ashish Bhalla told reporters here.
The PE fund, which is currently developing about eight million sq ft of area in four projects, would focus on India and other emerging countries for its future growth, he added.
"We have decided to invest $1 billion in Indian real estate in the next few years. Going forward, we will also work on infrastructure projects," Bhalla said, adding the company is exploring possibilities in Haryana, Uttarakhand and Tamil Nadu and is talking to the respective state governments.
The $15 billion group would pick up controlling stake in these projects, which would be built by local developers.
Millennium Spire India Director Sunil Gandhi said the company would develop residential and commercial projects over the next five years under the planned capex.
"Our focus area will primarily be the National Capital Region (NCR). We are going to launch four new housing projects in the next 2-3 months, which will come up in Gurgaon and Noida," he said. Source: http://www.gsrkestates.com/news_n_update.php?&title=17
India on way to becoming 3rd-largest construction market by 2020
Chennai :- In just ten years India will move from the ninth-largest construction market in the world to the third slot -only below construction giants China and the US, says a new ten-year forecast from Global Construction Perspectives and Oxford Economics.
According to the report, by 2020, the country’s construction market will be worth almost $650 million making up 5% of the world’s total construction output. Demand for both affordable and quality housing along with government investment in infrastructure will help to drive growth for construction companies operating in India.
The ten-year projection indicates that emerging markets will rapidly overtake the construction output of their developed neighbours with China overtaking the US and becoming the world’s largest market as early as 2018 and with a 19.1% share worth almost $2.4 trillion by 2020.
The report predicts that by 2020 Nigeria, Vietnam and Turkey will be amongst those experiencing highest growth levels over the next decade along with booming markets like India and China. The construction output of the emerging markets in the Asia-Pacific region will grow by l25% over the next decade.
The top ten highest growth markets by 2020 will be entirely composed of emerging markets with Poland the only European country to feature on the list.
Speaking at the launch of the report Global Construction 2020 in London, Mike Betts of Global Construction Perspectives said that across the board India’s construction industry will continue to grow, The construction market in India is already enjoying very healthy growth rates which will only get better over the next decade. Most importantly, the country will experience serious growth in all of the different construction sectors and will be a key market for many of the world’s largest construction companies.
Adrian Cooper of leading business forecasters Oxford Economics said, We have identified the key drivers and used data including population projections, long-term GDP estimates and public sector budgets to feed into our modeling to help us understand how the global construction industry is changing at a rapid rate.
All of the data points to both short and long term growth in emerging markets. We predict that in just ten years time construction in these markets will be more than double in size, growing by an estimated 110% and representing 17.2% of GDP in 2020.
The report predicts that today’s global construction market is worth an estimated $7.5 trillion, representing 13.4% of global GDP. But by 2020, construction will be a $12.7 trillion global market, an overall growth of 70% in the next decade. Construction in 2020 will account for l4.6% of global GDP.
The infrastructure construction market in emerging markets will grow by a staggering 128 % over the next decade to 2020, compared with just 18% over the same period in developed countries. The largest construction market globally is residential accounting for 40% of the total global construction market by 2020 when it will be worth $5.1 trillion. Source: http://www.gsrkestates.com/news_n_update.php?&title=16
TATA Helicopters Unit in Adibhatla SEZ
Hyderabad, June 1, 2009: The US-based Sikorsky will shift its helicopter-making facility in Japan to Andhra Pradesh, through a tie-up with Tata Advanced Systems Ltd, which plans to invest Rs 1,000 crore in the proposed Aerospace Special Economic Zone at Adibhatla village on the outskirts of the city.
The facility will provide direct employment to 1,000 people, according to B.P. Acharya, managing director of the Andhra Pradesh Industrial Infrastructure Corporation.
He said the government was providing huge subsidies and tax holiday to the project.
The state government today handed over 50 acres of land to the Tatas. The land is priced at Rs 30 per lakh acre.
Besides, the Tata plant will also provide indirect employment to another 4,000 people once it is commissioned by June 2010, sources said.
They said the Tatas had plans to establish aerospace and defence products manufacturing facility, as well, at the SEZ.
The helicopter plan comes close on the heels of a Rs 6,000-crore project in the state’s Chittoor district to make heavy equipment for power firms. Over 2,000 will get jobs at Chittoor within three years of the project, which is being jointly set up by NTPC and Bhel. Source: http://www.gsrkestates.com/news_n_update.php?&title=2
CM Wants 5 Highways Upgraded
The State Government on monday decided to propose upgrading five state highways to national highways. The chief minister, Dr. Y S Rajasekhar Reddy, will take up the issue with planning commission during his forth coming visit to Delhi. The state highways, which are proposed to be upgraded are: Hyderabad - Nandyal (Via Srisailam, 354 Kms), Guntur-Kodur (530 Kms), Adilabad-Vodarevu (630 Kms), Sironcha-Renigunta (725 Kms) and the Kakinada-Suryapeta (300 Kms). Source: http://www.gsrkestates.com/news_n_update.php?&title=1