Press Esc to close
Saturday 31 January 2015
News updated at 9:25 PM IST
Weather
Max: 28°C
Min : 17°C
In Bengaluru
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
Madhuri Dixit Nene during the launch of a jewellery showroom at Panvel in Mumbai...

Madhuri Dixit Nene during the launch of a jewellery showroom at Panvel in Mumbai...

GOC, White Knight Corps, K H Singh interacting with participants of tour in Doda...

GOC, White Knight Corps, K H Singh interacting with participants of tour in Doda...

Delhi Waveriders and Punjab Warriors players in action during the HIL match in New Delhi...

Delhi Waveriders and Punjab Warriors players in action during the HIL match in New Delhi...

Union Ministry Minister of Drinking Water and Sanitation during his visit at Barlah Water Project...

Union Ministry Minister of Drinking Water and Sanitation during his visit at Barlah Water Project...

Devotees shower flowers on the 42-ft-tall monolithic statue of Lord Bahubali...

Devotees shower flowers on the 42-ft-tall monolithic statue of Lord Bahubali...

Chandrababu Naidu, Ministers and senior officers participate in a three-day workshop...

Chandrababu Naidu, Ministers and senior officers participate in a three-day workshop...

School students participate in a grand Swami Vivekananda Walkathon at Marina beach in Chennai...

School students participate in a grand Swami Vivekananda Walkathon at Marina beach in Chennai...

Lebanese artists perform during a press preview for the 29th International Crafts Mela...

Lebanese artists perform during a press preview for the 29th International Crafts Mela...

School Students make a formation in the shape of 'READ FOR FUTURE' at a school...

School Students make a formation in the shape of 'READ FOR FUTURE' at a school...

Garo Wangala Troops perform during a Cultural Rally to mark the 53rd Anniversary of Dudhnoi...

Garo Wangala Troops perform during a Cultural Rally to mark the 53rd Anniversary of Dudhnoi...

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