The government may soon come out with new investment norms for venture capital (VC), private equity (PE) and hedge funds to make their operations transparent and create a level-playing field for both the domestic and foreign players.
Joint secretary in the finance ministry KP Krishnan said government is likely to revisit norms for VC funds and [...]
By manish
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Also posted in Real Estate Information
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Tagged Biotechnology Software, Capital Gains Tax, Domestic Counterparts, Finance Ministry, Investment Norms, Investment Rules, Market Regulator, Risk Areas, Tax Avoidance, Tax Incentives, Tax Sops, Vc Funds, Venture Fund Investments, Venture Funds
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Chennai-based real estate developer Rakindo Developers’ proposal to set up a wholly owned subsidiary with $250-million FDI from Dubai-based Rakeen Development is expected to get Cabinet clearance on Thursday.
Rakindo has plans of building a $1.5-billion (Rs 6,000- crore) integrated township at Coimbatore which will be ready for launch after the CCEA clears the FDI proposal. [...]
By Rajani
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Also posted in Real Estate Information, Real Estate News
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Tagged Al Khaimah, Business Company, Ccea, Coimbatore, Company, Economic Affairs, Essar Power, FDI, Golf Course, Holding Company, Joint Stock, Joint Venture, Koneru, Launch, Promotion Department, Real Estate Developer, Residential Complex, Specialty Hospital
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Marks & Spencer is to enter into a joint venture aimed at establishing itself as a major retail brand in India.
The JV is with Reliance Retail, part of the Reliance Industries Group.
Marks & Spencer will take a 51% interest in the venture, with Reliance Retail taking the remaining 49%.
Vijay Shanthi Builders, a Chennai-based Housing Promoters, would enter emerging real estate cities with their premium products and building solutions.
Mr. Suresh Jain, Managing Director, VSBL, said that the company would be launching construction of premium grade villas at Salem in Tamil Nadu. Further he added that almost 100 villas will be spread across 20 acres [...]
Kuoni, India’s prime travel services provider, is selling its corporate travel arm to Yatra online. Gurgaon based Yatra online is an arm of the Anil Dhirubhi Ambani Group. If the deal goes through, this will be Kuoni’s second outing with ADAG. In 2006, Kuoni had sold its foreign exchange money-changing unit, Travelmate Services to ADAG’s [...]
LONDON - India-centralized real estate investment company Ishaan Real Estate Plc. told that it has leased and pre-let 577,000 square feet of office and retail space, growing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million square feet.
Ian Henderson chairman of Ishaan Real Estate Plc. told [...]
By manish
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Also posted in Real Estate News
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Tagged Apartments, Central Mumbai, india, Ishaan Real Estate Plc, Leasing Activity, London, Mumbai City, Real Estate, Real Estate Investment, Real Estate Investment Company, Residential Development, Residential Space, Retail Development Projects, Retail Space
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Amrapali Group, a UP-based real estate developer, will be investing about Rs 600 crore in different hotel projects in 2008. These hotel projects are under different levels of construction in different parts of India, primarily the north Indian cities, like Bareilly, Vrindavan, Greater Noida, Udaipur, Indore and Jaipur. The upcoming properties will comprise all categories, [...]
By Rajani
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Also posted in Real Estate News
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Tagged Budget, Contract, Hotel Projects, Indore, Intercontinental Hotels Group, Jaipur, Raipur, Real Estate Developer, Star Properties, Udaipur, Vrindavan
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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 [...]
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 [...]
By manish
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Also posted in Real Estate News
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Tagged Asset Class, Bears, Bulls, Delhi Ncr, Estate Business, Investors, Launch, New Delhi, Real Estate, Real Estate Firm, Real Estate Market, stock market
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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 [...]
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