Press Esc to close
Wednesday 30 July 2014
News updated at 10:40 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Singapore realtor forays into India home segment

Bangalore, Oct 8, 2013, DHNS

The home segment space in the city continues to hold promise for new players, as indicated by the entry of Singapore-based realty firm Raffles Residency entering India with its first India project, in Bangalore.

The Rs 365-crore, 15-acre land, luxury home project “Raffles Park” comprising 61 villas and slated to be completed by 2015 was announced on Tuesday by the the joint promoter of Raffles Residency, Iqbal Jumabhoy.

“We are confident of strong interest among buyers, especially non-resident Indians (NRIs) and IT professionals,” he said.

A report released recently by real estate consultancy firm Knight Frank said that the Bangalore market grew 22 per cent during the period January to June 2013 compared to the same period last year, apart from attracting fair amount of private equity investment.


Besides, the report said that price appreciation of around 8 to 13 per cent during April to June 2013 augurs well from an investment perspective.

Go to Top

Photo Gallery
Palestinian boy comforts his father, whom medics said was wounded by Israeli shelling in Shejaia...

Palestinian boy comforts his father, whom medics said was wounded by Israeli shelling in Shejaia...

England's Whitlock competes in men's All-Around Artistic Gymnastics at 2014 Commonwealth Games...

England's Whitlock competes in men's All-Around Artistic Gymnastics at 2014 Commonwealth Games...

England's Stuart Broad celebrates with his teammates after running out India's Murali Vijay...

England's Stuart Broad celebrates with his teammates after running out India's Murali Vijay...

The debris of a hillock after a landslide triggered by heavy rains at Malin village in Pune ...

The debris of a hillock after a landslide triggered by heavy rains at Malin village in Pune ...

Siddaramaiah at the launch of a drinking water unit in Vidhan Soudha premises in Bengaluru ...

Siddaramaiah at the launch of a drinking water unit in Vidhan Soudha premises in Bengaluru ...

Over forty houses were buried in a landslide triggered by heavy rains at Malin village in Pune ...

Over forty houses were buried in a landslide triggered by heavy rains at Malin village in Pune ...

Angry people set ablaze a police motorbike after rape of a minor girl by a prisoner in Allahabad ..

Angry people set ablaze a police motorbike after rape of a minor girl by a prisoner in Allahabad ..

Peoples Movement Against Nuclear Energy (PMANE) leader SP Udayakumar addressing the media ...

Peoples Movement Against Nuclear Energy (PMANE) leader SP Udayakumar addressing the media ...

India's Bajrang wrestles with England's Sasha Madyarchyk during the Men's Freestyle Wrestling ...

India's Bajrang wrestles with England's Sasha Madyarchyk during the Men's Freestyle Wrestling ...

Pankaj Singh fails to make contact with a delivery during the fourth day of the third test ...

Pankaj Singh fails to make contact with a delivery during the fourth day of the third test ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523