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Gujarat realty investors now look for overseas market

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Gujarati investors are exploring destinations overseas. If experts are to be believed, the US, South Africa and Dubai real estate markets are fast emerging as attractive markets for Gujaratis. The real estate market in the state, particularly Ahmedabad, is investor-driven.

This is one reason for the tense situation of the market at present. However, developers are claiming that market conditions are improving, owing to revival in demand from end-users. Ironically, investors are shying away from making fresh investments in the domestic real estate sector.

Instead, Gujarati investors are now exploring investment opportunities in the US, South Africa and Dubai real estate markets. Sources say that around 20 per cent of the properties in Dubai’s iconic Al Burj are owned by Gujaratis.

This may be one of the factors that have brought Dubai-based Damac Properties to the state. The company will organise road shows in Ahmedabad and Surat, besides Mumbai, on November 10 and 11 respectively.

On offer will be 65 properties in Dubai and the Middle East. The realtor from Dubai claims that they will offer special prices to Indian customers during the road show.

Consultants believe that high net-worth individuals (HNIs) planning to invest more than Rs 25 crore in realty are increasingly opting Dubai, while others are surveying South Africa and US markets.

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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