• Sloka Infra
  • info@slokainfra.com

News

Awesome Image

Godrej Reflection residential complex to come up in Bengaluru. The project worth Rs 299.38 crore will spread over 6.22 acre of land. Wonder Projects Development is developing 'Godrej Reflection' residential complex in Bengaluru district of Karnataka.The project worth Rs 299.38 crore will spread over 6.22 acre of land. It is being taken up in two phases. Phase-I comprises one tower of G+22 floors, including modern facilities. The residential enclave, Godrej Reflections Phase 2 features the very best in Godrej Properties luxury segment. The project offers spacious apartments with water conservative features. The beautiful serene view from the project & landscapes all around Godrej Reflections Phase 2 makes it more special & elite. Two level basement work is in progress.

Awesome Image

SLOKA INFRA PROJECTS(SIP) is recognized as a dynamic and capable leader in the delivery of Urban & Regional Planning, Architectural Design, Interiors, Civil/Structural Engineering, Infrastructure, Project Management Services, Quantity Survey, Construction & Developments assisting both public/ Govt and its reputed private clients. We are a group of independent architects, engineers, designers, consultants and technical specialists offering a diversified range of professional services, adapts well to market demands with cost effective solutions.

Awesome Image

Brookfield Asset Management to acquire majority stake in IndoStar Capital Finance. The deal is in final stage and can be announced in the next few days.Brookfield Asset Management, a Canada-based asset management company, is in talks to buy majority stake in Mumbai-based IndoStar Capital Finance. The asset manager focussed on alternative assets can either buy the promoters’ stake in the finance company, owned by Everstone Capital and Goldman Sachs, or subscribe to preference shares by the firm. The deal can also be a mix of promoter stake sale and preference share allotment. The deal is in final stage and can be announced in the next few days. The deal is likely to be executed at around 10 percent premium to the current market price. Promoters owned 60.74% stake in the company as on 31 December 2019. IndoStar Capital Mauritius, a special purpose vehicle (SPV), held 57% stake in the finance company as on 31 December 2019. Everstone Capital is the lead investor in the special purpose vehicle (SPV), and its other partners include global financial powerhouses such as Goldman Sachs and Baer Capital.

Awesome Image

Smart Group to pump Rs 2,000 Cr to open wellness city in Delhi. The center will cater to the concept of 'beyond 100' living.Smart Group is planning to make an investment of around Rs 2,000 crore to open a wellness city in Delhi by 2025. The wellness city will be adjacent to Max Smart Super Specialty Hospital in Saket, New Delhi. The center will cater to the concept of 'beyond 100' living, which means a happy, healthy, productive and independent life. The wellness city will have 1,400 units of different kinds and include medical offices, wellness living centres, hotels and wellness treatment centers. The company is also planning to develop a wellness city near Rampur in Uttar Pradesh. The city will have wellness homes, wellness entertainment facilities, mall, hotels, multiplex, wellness treatment centres, etc.

Awesome Image

Hyderabad only Indian city in Top 20 globally in home price appreciation: Knight Frank Global Residential Cities Index Q3 2019. Delhi, Bengaluru & Ahmedabad see growth in home prices, while Kolkata, Mumbai, Chennai witness degrowth Knight Frank, a leading international property consultancy, in its latest report - Global Residential Cities Index Q3 2019 - has featured Hyderabad as the only Indian city in top 20 among 150 global cities tracked, in terms of appreciation in residential real estate prices, standing at the 14th spot with a healthy 9% year-on-year (YoY) rise in home prices. Price growth has been strong in the Hyderabad residential market as shortfall in launches diverted homebuyers towards the ready unsold units giving developers a bargaining edge. Among other Indian cities which have seen an appreciation in home prices, New Delhi stood at the 73rd rank globally, with a home price appreciation of 3.2% YoY; Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% rise. Among the Indian cities which have seen degrowth in home prices, Kolkata was ranked at the 130th spot with a decline of 2%, Mumbai at the 135th rank with a degrowth of 3% and Chennai at the 136th rank with a fall of 3%. Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices. The Global Residential Cities Index tracks the movement in mainstream residential prices across 150 cities worldwide using official statistics. Budapest in Hungary leads the Global Residential Cities Index Q3 2019 with the highest annual growth rate of 24%, followed by Xi'an in China and Wuhan in China at 15.9% and 14.9%, respectively. Prices across the 150 cities worldwide increased at 3.2% on average, the weakest annual rate registered since the second quarter of 2015. Yet despite this, more than 78% of the 150 cities tracked by the index, registered either flat or rising prices over the 12-month period. “During the last four years, the growth in residential prices in most of the top eight cities of India has been below retail inflation growth and the gap has progressively increased since H1 2016. Hyderabad has been the only market to buck the trend and record residential price growth over the retail inflation level. This end-user friendly movement in prices across cities is a step in the right direction and more in-line with the contemporary home-buyer’s needs,” said Shishir Baijal, CMD, Knight Frank India.

Awesome Image

NAREDCO launches India's first e-commerce housing portal - ‘HousingForAll.Com’. The 45-day All-India Online Home-Buying Festival for ready-to-move-in homes also launched; over 1,000 projects expected to be listed. ational Real Estate Development Council (NAREDCO) announced the country's first e-commerce housing portal - ‘HousingForAll.Com’, to create a trusted, secured and seamless journey for home buyers in India and abroad, along with giving a boost to Hon’ble Prime Minister Narendra Modi's 'Housing for All' and 'Digital India' initiatives. Launched by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs, Government of India, along with the NAREDCO’s leadership, the e-commerce housing portal will host a 45-day All-India Online Home-Buying Festival for ready-to-move-in homes, with over 1,000 projects expected to be listed. The initiative was proposed and announced by Hardeep Singh Puri Ji, Hon’ble Minister of State (I/C) for Housing and Urban Affairs during the First National RERA Conclave on November 4, 2019 in Lucknow to come up with a housing e-commerce platform. Under the guidance of the Ministry, NAREDCO is happy to announce and launch this e-commerce platform which is a joint industry effort supported by various Industry Bodies, Members of National Real Estate Development Council (NAREDCO), CREDAI-MCHI, CII, FICCI, Associated Chambers of Commerce and Industry of India (ASSOCHAM), Builders Association of India (BAI), and Indian Merchant Chambers (IMC). Created by the industry for the industry, this platform seeks support from respectiv state governments, RERA authorities, developers, banks and housing finance institutions to create a transparent and seamless journey for home buyers. The first-of-its kind online home buying initiative for projects that have received occupancy certificates (OCs) is directed towards creating a seamless, safe and transparent home-buying experience for home buyers and creating positive sentiment for the real estate industry, boosting confidence and faith amongst home buyers, enhancement of liquidity flow in the industry and contributing to growth of the economy.

Awesome Image

GMR Hyderabad to develop world-class logistics park. Plans for a new 66-acre logistics and industry park at GMR Hyderabad Airport City in India have been revealed. The new park will be developed as part of a joint venture between GMR Hyderabad Aerotropolis Limited (GHAL) and ESR Hyderabad. The project, which will cost approximately Rs. 550 Crore (US$78m), will see the development of a flagship airport logistics park providing state-of-the-art facilities for warehousing and distribution. “We are pleased to announce the launch of our joint venture ‘GMR Logistics Park Private Limited’ with ESR Hyderabad 1 Pte. Limited. This collaboration would set new standards for the warehousing and industrial real estate sector. It would also benefit the burgeoning cargo industry in the region,” said Aman Kapoor, CEO Airport Land Development, GMR Group.