This is an extremely strategic acquisition for L&W Construction Pvt Ltd, and one of Bangalore's largest land deals of 2013 to date
JLL facilitates 25 acre land deal of Rs 100 crore in Bangalore
Jul 05, 2013
Source : The Economic Times

 

DELHI: Property consultant Jones Lang Lasalle (JLL) India today said it has facilitated a 25-acres land deal in Bangalore being purchased by L&W Construction for Rs 100 crore.

"Jones Lang LaSalle has advised on the outright purchase of 25 acres prime land at Devanhalli, Bangalore by L&W Construction Pvt Ltd from a large Bangalore-based industrial group. The transaction value was Rs 100 crore," the consultant said in a statement.

L&W Construction, a subsidiary of Singapore's Lee Kim Tah Woh Hup Pte Ltd, has acquired this land to develop a high-end residential project."This is an extremely strategic acquisition for L&W Construction Pvt Ltd, and one of Bangalore's largest land deals of 2013 to date," JLL India Managing Director (Land Services) Mayank Saksena said in a statement.

L&W Construction commenced operations in Bangalore in 2006 to carry out businesses in project management and construction activities. It has also diversified to undertake property development through partnership.

In developing the project, L&W Construction will draw on the extensive expertise of Lee Kim Tah Woh Hup, which is an equal joint venture firm of Lee Kim Tah Holdings and Woh Hup (Pte), two of Singapore's oldest construction companies.

"The Devanahalli sub-market is defined by an impressive scale of activity on premium and luxury projects. This is largely due to the ongoing and planned infrastructure developments in these areas, with the establishment of Bangalore International Airport being one of the primary catalysts for the North Bangalore micro-market," JLL India said

Latest Realty News

Housing finance regulator to back HDFC application for $500-m ECB
Jul 04, 2013
BHUBANESWAR: National Housing Bank (NHB), the housing finance regulator, is favourably disposed to HDFC's application for a $500-million external commercial borrowing (ECB) for affordable housing projects in India.
Govt eases norms for use of agricultural land for construction activity
Jul 04, 2013
DELHI: Lakhs of people living in rural areas in Delhi will benefit as Delhi Government on July 3 lifted certain restrictions on use of agricultural land for construction activities.
Industrialists seek extension of property tax deadline from MCG
Jul 04, 2013
DELHI: The dispute between Gurgaon’s industrialists and the civic agency over the issue of property tax has been brought to the fore once again. The local associations have written to the Municipal Corporation of Gurgaon (MCG) seeking, among other exemptions, an extension on the payment deadline, which was reached on June 30.
Real Estate Major BOP Group bags Bangalore franchise for IBL
Jul 04, 2013
DELHI: The Indian Badminton League (IBL) today announced the name of its second franchise -- the BOP Group, a Real Estate Consultant in India, who bagged the Bangalore team, 'Banga Beats'.
Delhi hotels may be allowed to build and sell flats to raise funds
Jul 04, 2013
DELHI: The government is planning to allow hotels to build and sell apartments in their complexes in Delhi, a move that may benefit several hotels in the city except those that fall within the restricted Lutyens' Bungalow Zone.
Use of agricultural land for construction activity: Govt eases norms
Jul 04, 2013
DELHI: Lakhs of people living in rural areas in Delhi will benefit as Delhi Government today lifted certain restrictions on use of agricultural land for construction activities.The government issued a notification today as per a decision taken by Delhi Cabinet on June 15.
Three more districts enter National Capital Region fold
Jul 03, 2013
MUMBAI: The National Capital Region has undergone another expansion with three more districts – Mahendragarh and Bhiwani (both in Haryana) and Bharatpur (Rajasthan) – added to it on July 1. This brings the number of districts in the NCR to 19, with the total area increasing by 34% to 45,887sq km.
CREDAI-NCR lauds the decision to expand NCR region
Jul 03, 2013
DELHI: The NCR chapter of Confederation of Real Estate Developers Association of India (CREDAI-NCR) has welcomed the decision of the Ministry of Urban Development, Government of India to add Bhiwani, Mahendragarh and Bharatpur in NCR region and applauded the role of Delhi Government in supporting this futuristic move.
Vertical growth an option where there is scope in Delhi
Jul 03, 2013
DELHI: In less than a week after Delhi chief minister’s claim that she won’t allow Delhi to grow vertically till she is alive, she and the union urban development minister seemed to be on the same page on the issue of allowing highrises in the national capital. However, the CM insisted that green and open places of Delhi must be maintained.
Adding more districts in NCR to increase land supply: CREDAI
Jul 03, 2013
DELHI: Hailing the inclusion of three more districts in the National Capital Region, realtors' apex body CREDAI today said the move will lead to additional supply of land for development

Latest Realty News Of State

Realty Talk's