Real estate major Brigade Enterprises, has informed that the company has opened its first worldwide office in Dubai.

The source close to the company revealed that the office is located at Atrium Centre, Bank Street, Bur Dubai.

While commenting on the occasion, Mr. M R Jaishankar, CMD, Brigade Enterprises stated, “Indian real estate sector has seen phenomenal growth and there are Indians abroad who are looking at buying property in India for themselves and also as an investment option. As a first step to reach out to these customers, we have opened our office in Dubai.”

Parsvnath Developers, India’s leading real estate firm has revealed that the company has secured a contract worth Rs 29.5 crore from Delhi Metro Rail Corporation (DMRC).

Under the proposed contract, the company will execute construction of station box in the upcoming Dhaula Kuan metro station that connects Connaught place to International Airport.

Red Fort Capital, a leading international real estate private equity fund, intends to invest Rs 3,200 crore by next year to cash in on the liquidity crunch in the real estate sector. 

The real estate focused PE fund has planned to pump in Rs 3,200 crore in the next one year to pick up an average 50% stake each in 10-12 projects located in various cities. 

The company presently is in talks with nearly 10 developers in various cities across country, which includes National Capital Region (NCR), Mumbai, Bangalore, Kolkata, Chennai, Pune and Hyderabad. 

Construction and civil engineering firm Hindustan Construction Company (HCC) has informed that Bank of India has invested Rs 150 crore in Lavasa Corporation Ltd (LAVASA), a subsidiary of HCC (Hindustan Construction Company Ltd) in the form of Convertible Debentures. 

Based on the above investment, the equity valuation of LAVASA gets reconfirmed at Rs 10000 crore. Earlier, Axis Bank Ltd had invested Rs 250 crore at the same valuation. 

Taipei - Taiwan's property market, hit hard in the last few months by the global downturn and a drastic domestic stock plunge, is likely to enter a recession from next year, property dealers and analysts said.

"Beginning next year, the property market here is likely to see obvious slowdown, which could last two to four years," said Chang Chin-oh, land economics professor at Taipei's National Chengchi University.

Stanley Su, senior researcher of Sinyi Real Estate Inc, a leading Taiwan property brokerage group stressed that even with the slowdown, its scale would be smaller in Taiwan than that in other countries.