February 29, 2008 – 7:32 am
Singapore’s largest private property developer, the $4-billion Far East Organization, is keen to get a toehold in India. The Singapore conglomerate is talking to prospective Indian partners for its proposed foray in the booming realty market, especially in major metros like Delhi, Mumbai, Kolkata and Chennai.
Mr.Chia Boon Kuah, executive director, said “We are talking to [...]
February 29, 2008 – 7:30 am
Parsvnath Developers has announced the construction of their new housing project in sonepat, Parsvnath Preston. They have predicted that this project will make a profit of Rs. 500 crore in three years. This project consists of 1200 units, out of which 500 units will be available in first phase. It has saleable area of 2.2 [...]
February 28, 2008 – 11:41 pm
Real estate firm Housing Development & Infrastructure (HDIL) on Wednesday said the private equity firm DE Shaw is investing $250 million in Mack Star Marketing, an HDIL group company.
Mack Star Marketing holds development rights for a 54,000-metre commercial complex being constructed in Andheri. Last week, HDIL had transferred its development rights to this complex to [...]
February 28, 2008 – 5:48 am
MUMBAI - Indiabulls Real Estate Ltd said on Thursday its board had approved acquiring the entire stakes in Dev Property Development Plc in a 138- million-pound sterling (10.9 billion rupees) share-swap deal.
Dev, which listed on London’s junior stock exchange in 2007, is promoted by the Indian property developer and holds stakes in several of Indiabulls [...]
February 28, 2008 – 4:47 am
Realty sector hopes that Finance Minister P Chidambaram will provide tax breaks on REITs in line with the Mutual Funds while he unveils the Union Budget on February 29.
Market regulator SEBI has already come out with a draft guideline to allow Real Estate Investment Trusts (REITs), but there was no mention on the tax breaks [...]
February 28, 2008 – 4:46 am
Foremost master real estate developer Dubai Properties has participated at the premium luxury show ‘Mumbai Extravaganza 2008’ in Mumbai, India to showcase its most recent portfolio of realty developments including the latest to be announced ‘Mudon’ project, to an elite audience of high net worth visitors and top tier conglomerates.
Mohamed Binbrek, CEO, Dubai Properties, said, [...]
February 26, 2008 – 8:59 am
Singapore - The Asian Public Real Estate Association said on Tuesday told that a body which represents publicly traded Asia-Pacific real estate has set up a chapter in Singapore to ultimately serve as a major cross-border REITs centre.
Market capitalization of the city-state’s real estate investment trust (REIT) market amounts to 21.6 billion dollars, second to [...]
By manish
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Posted in Real Estate Information, Real Estate News
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Tagged Asia Pacific, Asian, Business Times, Estate Investment Trust, Global Credit Crunch, Hong Kong, Real Estate Investment, Real Estate Investment Trust, Reits, Singapore, South Korea
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February 26, 2008 – 8:57 am
The new Securities and Exchange Board of India dispensation under chairman C B Bhave looks all set to carry on from where M Damodaran left off.
Senior officials of SEBI met with a team from the real estate committee of the Federation of Indian Chambers of Commerce and Industry on Thursday.
They later made about 15 suggestions, [...]
February 25, 2008 – 8:51 am
NEW DELHI: Credit rating agency Fitch on Monday assigned ‘A-’ rating, indicating investment grade, to Ansal Properties & Infrastructure Ltd (API) for its long-term debt programme of Rs. 100 crore.
Fitch said in a release that the ratings assigned denote that the company’s financial leverage has improved substantially over the last two years.
The rating takes into [...]
February 25, 2008 – 2:42 am
New Delhi: Real estate companies wish for taxes to be lowered and prices of construction materials controlled in the forthcoming budget.
Vipin Agarwal executive director of Omaxe Ltd states that they want tax breaks on infrastructure, which were there till last year. Infrastructure improvement is important for the improvement of the country. So they should get [...]
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