Monthly Archives: March 2008

Indiabulls arm gets power project in Chhattisgarh

Indiabulls Power is learnt to have won the bid to set up the 1,600-mw Bhaiyathan power project in Chhattisgarh, a pit-head power project that also includes a 350-million-tonne coal block.
According to sources close to the development, the Chhattisgarh government is likely to soon announce the deal. Sterlite Industries and the GMR group were the other [...]

Real Estate Companies planning for Low-Cost Residential Projects

NEW DELHI: Playing on the basic economics of small margins-high volume, realty majors are now adding low-cost residential projects to their portfolio. Omaxe, DLF, Ansal API, Parsvnath, BPTP, et al are setting their eyes on the small and mid-income home buyer segment and lining up projects which will meet the aam aadmi’s need.

MMRDA Auction Bids

MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) on Tuesday auctioned three plots in city’s Bandra-Kurla Complex (BKC) for Rs 1,322 crore.
It’s a far cry from the Rs 2,790 crore the authority earned just three months ago for a similar transaction, confirming what every real estate player has dreaded so far, the slowdown in Mumbai’s [...]

Slow Down Of Real Estate Business In Delhi

NEW DELHI: While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region.
Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats [...]

Holding Company ‘Dubai Properties Group’ Launched to Further Consolidate Operations

Leading master real estate developer Dubai Properties, a member of Dubai Holding, on 16th march revamped its corporate structure and pronounced the establishment of a fresh holding company – Dubai Properties Group – combining all its existing businesses into separate business unit, and fetching them under one roof organization.
The new group structure consist 6 business [...]

REITs For Booming Real Estate

SINGAPORE, March 17 - The Securities and Exchange Board of India (SEBI) said on Monday that it was looking at the introduction of real estate investment trusts (REITs), but this will come only after other financial market liberalisation moves.
“We have got remarks from market players. I would say that in the timetable, that will be [...]

Unitech, Indiabulls defer REITs listing

Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX) owing to the liquidity crunch in the global markets.
Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts.
The move closely follows [...]

Citi And Merrill Likely To Invest Rs 2000 Crore In DLF Realty

NEW DELHI: Global financial firms Citigroup, Merrill Lynch and DE Shaw are likely to invest Rs 2,000 crore or $500 million in the DLF Assets’ (DAL) real estate investment trust(REIT), according to sources. The transaction is likely to be completed by early next week. Part of DLF Group, the largest real estate developer in the [...]

HBS Offers Seminar in India

Real estate executives seeking a Harvard Business School education can take a seminar in a prime new location this June.
The South Asia Real Estate Seminar, a collaborative effort between the HBS Executive Education Program and the HBS Indian Research Center, will offer a four-day workshop in Hyderabad, India that aims to connect experienced executives in [...]

Top property Investing Countries in the World

LONDON:- Survey of 485 real estate investors sees UK capital slump to 15th spot on fears over exposure to financial sector.
Moscow and Istanbul have displaced London and Paris as the top-ranked cities for real estate investment prospects, according to a Price water house Coopers survey published today.
This is the first time in the survey’s five [...]