Saturday, May 24, 2008

Lokhandwala Infrastructure, Mumbai, Provides Real Estate in Dubai

India’s second-largest developer, the Mumbai-based Lokhandwala Infrastructure has made its way to Dubai as Lokhandwala Builders International where it builds, wheels and deals some of the city’s most sought after real estate.

Dubai’s booming real estate industry has attracted investors from the expatriate community and especially Indian and Pakistani natives with British or U.S. citizenship who is rushing to the new hub between Europe and Asia, a short flight between their two homes.

Jean Soriano, Lokhandwala Builders International’s sales coordinator, told reporters. “Indians go back to Dubai instead of Bombay where real estate is more expensive,” she said. Real estate in Dubai offers an excellent investment choice with premiums of at least 30 percent in three years and the law allows home buyers to sell their property after their first down payment.

Thursday, May 22, 2008

DTZ, global real estate consultant, appoints Anshul Jain as CEO of India operations with effect from August 1

Based in New Delhi, Anshul will lead DTZ in India as it embarks on a challenging growth phase.

David Steventon, DTZ CEO Asia Pacific said: "As we continue to successfully grow our India business, I am delighted to welcome Anshul to lead the team. The move demonstrates DTZ’s commitment to the India story as we continue to build our team to deliver comprehensive real estate services across India and the region."

Commenting on his new role, Anshul Jain said: "I am very pleased to be joining the DTZ team in India. It will be a great privilege to work with so many accomplished professionals and to develop the DTZ brand as one of the leading real estate service providers to our local and international clients."

Anshul is currently working for DTZ’s international investment team in London where he focuses on cross border investment into the Central and Eastern European region. Anshul has over 13 years' experience in the real estate advisory business and has worked across a number of disciplines including corporate real estate, leasing, real estate private equity and direct investment. He has lived and worked in India, Indonesia, Singapore and the UK and brings a wealth of international experience to the role.

Anshul has a masters in finance from the University of Delhi and an MBA from IMD in Switzerland.

DTZ in India currently operates three offices in New Delhi, Mumbai and Bangalore and will have a representative office in Chennai as of June 1. With over 200 staff, the business provides a full range of services including investment advisory, tenant and landlord representation, project management, consultancy, research, property management and retail mall management services.