Classic motorbike maker Royal Enfield on Thursday said it will raise prices of all its models by Rs 2,200 due to rise in input costs.
Property and Building Corporation Limited (PBC) and Electra Real Estate Limited, part of two leading Israeli business conglomerates, on Wednesday announced their plans to build Rs 4,000-crore real estate projects in three southern cities of Hyderabad, Chennai and Mysore through a newly-incorporated Indian joint venture company, PBEL Property Development (India) Private Limited.
Indian real estate industry, which is currently pegged at $16 billion, is witnessing increased interest from several international developers, primarily from the Middle-East, South-East Asia and Europe.
Due to the over-heating of the valuations of companies in India, private equity player Electra Partners is giving greater emphasis to investments in South East Asia.
High powered motorcycle maker Royal Enfield on Thursday said it aims to double sales to 60,000 units in the next three years with latest products on an altogether new engine platform.