Parsvnath Developers, India’s leading real estate firm has revealed that the company has secured a contract worth Rs 29.5 crore from Delhi Metro Rail Corporation (DMRC).

Under the proposed contract, the company will execute construction of station box in the upcoming Dhaula Kuan metro station that connects Connaught place to International Airport.

Red Fort Capital, a leading international real estate private equity fund, intends to invest Rs 3,200 crore by next year to cash in on the liquidity crunch in the real estate sector. 

The real estate focused PE fund has planned to pump in Rs 3,200 crore in the next one year to pick up an average 50% stake each in 10-12 projects located in various cities. 

The company presently is in talks with nearly 10 developers in various cities across country, which includes National Capital Region (NCR), Mumbai, Bangalore, Kolkata, Chennai, Pune and Hyderabad. 

Construction and civil engineering firm Hindustan Construction Company (HCC) has informed that Bank of India has invested Rs 150 crore in Lavasa Corporation Ltd (LAVASA), a subsidiary of HCC (Hindustan Construction Company Ltd) in the form of Convertible Debentures. 

Based on the above investment, the equity valuation of LAVASA gets reconfirmed at Rs 10000 crore. Earlier, Axis Bank Ltd had invested Rs 250 crore at the same valuation. 

Taipei - Taiwan's property market, hit hard in the last few months by the global downturn and a drastic domestic stock plunge, is likely to enter a recession from next year, property dealers and analysts said.

"Beginning next year, the property market here is likely to see obvious slowdown, which could last two to four years," said Chang Chin-oh, land economics professor at Taipei's National Chengchi University.

Stanley Su, senior researcher of Sinyi Real Estate Inc, a leading Taiwan property brokerage group stressed that even with the slowdown, its scale would be smaller in Taiwan than that in other countries.

Hong Kong - It is home to some of Asia's wealthiest and most successful people - a city where tycoons, celebrities and high-fliers live in sumptuous surroundings in some of the world's costliest properties.

A pad on Hong Kong's exclusive Peak will cost you in excess of 7,000 US dollars per square foot (75,000 US dollars per square metre) - more than in New York or London - and a down payment on a shoebox-sized studio flat will set you back as much as a town house in other world cities.

New Delhi - With the global credit crisis leading to the worst slowdown in the Indian real estate market in recent times, agents and developers are hoping the festive season surrounding Diwali, the Hindu festival of lights, will drive away the gloom.

Coming at the end of October, Diwali will prove a crucial period for developers as many Indians consider it to be the start of the Hindu business year and an auspicious time to start new ventures, buy property and expensive consumer goods.