Friday, 28 November 2014

MMRDA approves INR 45,000 Crore for Metros, Flyovers

MUMBAI:The MMRDA has been partnering with international finance agencies like Japan government's Japan International Cooperation Agency (JICA) for various infrastructure projects in the city. JICA has agreed to extend a loan of close to R13,000 crore for the 32.5-km-long underground metro being planned from Colaba in south Mumbai to SEEPZ in the north, via Bandra. The state authority is also in talks with JICA for the funding of R11,000-crore Mumbai Trans Harbour Link, another show-piece project of the city.

To de-congest the junction leading to the alternate business district of Bandra-Kurla Complex, the authority has also given its approval for constructing four flyovers and a road at a cost of R227 crore. These projects will ease the approach to BKC from Bandra-Worli Sea Link, Dharavi and Western Express Highway saving commuting time.

SOURCE: Financial Express

Tuesday, 25 November 2014

Expat Harmony: Invest Close To Goa

Expat brings you yet another opportunity to make a profitable investment in land. Expat Harmony 2, is located in Sindhudurg District, a hilly, green, scenic region declared as a Tourism Development Zone by the Government of Maharashtra 


Friday, 14 November 2014

Rs 1,000 crore Hudco fund to Karnataka to develop IT region

BANGALORE: The Information Technology Investment Region (ITIR) project on outskirts of Bengaluru city, got further fillip with the Karnataka government announcing that Hudco had agreed to provide loan of Rs 1,000 crore for KIADB towards land acquisition.

Chief minister Siddaramaiah during the State High Level Clearance Committee (SHLCC) meeting directed the Karnataka Industrial Areas Development Board (KIADB) to pass a resolution on land acquisition soon. "Soon after the resolution is passed, Hudco will release loan of Rs 1,000 crore for the board. This will be followed by final notification for acquisition of 2,072 acres of land towards the project will be issued. Final notification will happen by December first week," he said.

A fortnight ago, the CM held a meeting of high-powered meeting of IT and directed the KIADB to start the process of land acquisition. The KIADB has already issued preliminary notification under Section 28 (1) of KIAD Act. When the board during the meeting in October pointed out that it was facing financial crunch for land acquisition process, the CM said government would stand guarantee and the board could raise loans from financial institution like Hudco.

SOURCE: Times Of India

Friday, 7 November 2014

Expat Group & Wyndham Hotels Group Partner To Develop Resorts Near Select Indian Metros

Bangalore, 20th October 2014: Bangalore based real estate major, Expat Group, has announced a
partnership with Wyndham Hotel Group, the world’s largest hotel company with over 7,540 hotels and a part of Wyndham Worldwide Corporation (NYSE:WYN), for their brand Ramada®, to develop a set of three, top of the line resorts, at their weekend home projects located at Pali, Lonere and Dharmapuri near Mumbai, Pune and Bangalore respectively. The total land area under development surmounts to more than 400 acres across the three townships.
Nestled conveniently a couple of hours from their respective city centers, these projects collectively offer approximately 350 rooms. These resorts are an integral part of the plans to create an integrated
community of weekend getaways and provide happy memories for busy upwardly mobile families with a full range of services like golf courses, adventure sports, sports clinics, wellness centers, assisted living and even a residential school. Pricing for these residential gems is set between 18-25 lakh range and home owners, corporate houses and real estate investors have the option of getting a steady revenue stream from their investments.

According to Mr. Henry D’Souza, CEO Expat Leisure and Resorts, Expat Group, “we expect The Weekend Homes and the Leisure and Resorts arm of the company to be a key driver of growth for us as the market and audience maturity in India makes it a viable option for the burgeoning middle class. For us at Expat, weekend homes, resorts, clubs and sports means enhancing the family experience of our customers, while at the same time boosting their real estate portfolio. We are confident that this prestigious partnership will transform these weekend destinations into recognized landmarks in the coming years.”

Providing the Wyndham Hotel Group perspective, Deepika Arora, Regional Vice President - Indian Ocean, Wyndham Hotel Group said, “We have a portfolio of well-respected and globally recognized brands that span the hospitality spectrum, with a particularly strong presence in the economy and midscale segments. The addition of these new Ramada hotels helps us continue to cater to increasing demand for global brands here in India. We believe that the key to our success here in India lies in the strategic relationships we have forged with our partners that we are looking to further nurture and expand. This strategic and long term partnership with the Expat Group means that customers get the best of both worlds – excellent locations combined with the world renowned Wyndham hospitality. The partnership expands our footprint in India and gives us a unique chance to cater to the globally aware and demanding Indian audience.”

With weekend getaways becoming a natural extension of the aspiring nature of the Indian family with
growing wealth, these projects are ideal destinations from both a lifestyle as well as an investment point of view.

For more information on The Expat Group, visit:

About Expat Group
Expat was founded in 1994 with the aim of making investments in Indian real estate easier and safer. 20 years later, we have grown from an honest and sensitive ‘retailer of properties’ to the pioneer of the relationship-based (rather than transaction-based) real estate business model. Along the way, we have empowered our clients with richer life experiences and provided them ‘total solutions’ including some innovative investment options. All by bringing the world of real estate within their reach.
Today, Expat boasts of an expanding portfolio of solutions that includes Property Development, Hospitality (Leisure & Resorts), Engineering & Construction, Investments, and Media. But most importantly for us, we have accomplished everything without ever having to deviate from our promise of minimizing our client’s risk and maximizing their returns. We achieve this through our keen expertise in predictive modelling - which makes access and creation of wealth easier; our strong legal and procurement set up - which helps us protect our assets and price-lines; and our unwavering commitment to transparency and simplicity with respect to all transactions. Expat today has more than 9000 customers and has operations in 8 countries.

About Wyndham Hotel Group
Wyndham Hotel Group, part of Wyndham Worldwide Corporation (NYSE:WYN), is the world’s largest and most diverse hotel company with approximately 7,540 hotels and 650,200 rooms in 71 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inn & Suites by Wyndham®, Hawthorn Suites by Wyndham®, TRYP by Wyndham®, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has a license agreement to franchise the Planet Hollywood Hotels brand and provide management services globally. All hotels are independently owned and operated excluding certain hotels which are owned or managed by an affiliate of Wyndham Hotel Group. Hotels are independently owned and operated excluding certain hotels which are owned or managed by an affiliate of Wyndham Hotel Group.

Wyndham Hotel Group is based in
Parsippany, New Jersey, U.S.
Additional information is available at