Results for: Real Estate

Textile and apparel giant Raymond Ltd announced the demerger of its real estate arm, Raymond Realty Ltd, to unlock its growth potential and attract new investors. The demerger will see Raymond shareholders receiving one share of Raymond Realty for every Raymond share they hold. Raymond Realty, with a revenue of Rs 1,593 crore in the last fiscal year, boasts a 100-acre land bank in Thane with ongoing projects valued at Rs 9,000 crore. The company also recently launched its first joint development agreement project (JDA) in Mumbai.

Sobha Realty has commenced construction on a new luxury shopping mall in Dubai’s Sobha Hartland community. The AED 210 million project will feature over 35 retail stores, 10 dining options, a supermarket, a gym, and entertainment zones. Set to be completed by 2026, the mall is designed to be a vibrant hub for community engagement and will incorporate sustainable features like energy-efficient lighting and green building materials.

A recent study has identified the best cities worldwide for owning a vacation home, analyzing factors such as property prices, visitor numbers, quality of life, and rental income potential. Spain emerges as the top country for vacation home investments, with Malaga and Valencia securing the highest overall scores.

Bollywood legend Amitabh Bachchan has purchased two luxury apartments in Mumbai’s Borivali suburb, following his son Abhishek Bachchan’s recent acquisition of six apartments in the same area. These latest purchases, worth nearly ₹ 7 crore, are located on the 57th floor of the tower, adding to his growing real estate portfolio.

Qatar’s Prime Minister, Sheikh Mohamed bin Abdulrahman bin Jassim Al Thani, launched the Smaisma Project, a new development by the Ministry of Municipality that will be overseen by Qatari Diar Real Estate Investment Company. The project is expected to become a prominent tourist attraction, adding to Qatar’s growing list of luxurious destinations along its coastline. The launch signifies the country’s continued commitment to economic growth and its vision for a sustainable future.

Ashford Hospitality Trust has announced the sale of the 193-room One Ocean Resort in Atlantic Beach, Florida. The proceeds will be used for debt reduction and general corporate purposes. The sale has improved the company’s net debt to gross assets ratio and reduced its strategic financing balance.

Qatar has launched the Smaisma Project, an ambitious tourism development spanning eight million square meters along the country’s eastern coast. Overseen by Qatari Diar, the project promises to attract significant foreign investment, boost Qatar’s real estate and tourism sectors, and offer diverse entertainment experiences for residents and international visitors.

Hilco Real Estate Sales is auctioning off the 309-room Ontario Airport Hotel & Conference Center in Ontario, California, as part of a Chapter 11 bankruptcy sale. The hotel, boasting extensive amenities and strategic location near Ontario International Airport, presents a prime opportunity for hospitality operators and developers looking to capitalize on the growing Inland Empire region.

Looking for a bit of peace and quiet? This private island on the River Thames near Bisham in Berkshire could be your escape. Measuring approximately 2,000 square feet, the island is perfect for mooring and private fishing and includes a small underwater sandbank. The island is nestled between two other islands, one with houses and a private marina, and the other connected to Temple Lock and Weir. The island has mooring facilities and a natural tree-lined bank for privacy. While it’s a bit remote, it’s still relatively easy to commute into London by car or train.

A property expert reveals how artificial grass can negatively impact a home’s value, potentially reducing the selling price by thousands. The expert highlights the preference for natural features in high-end markets and the potential for poorly installed artificial grass to deter buyers. However, an alternative solution for achieving a lush, natural lawn is offered, emphasizing the benefits of real grass for both the environment and property value.