Category Archives: Real Estate Information

Cement Companies Transform Product Mix

September 3, 2008 – 9:30 am

With increasing cement supplies to north India, companies dependent on this market are changing their product mix from portland pozzolana cement (PPC) to ordinary portland cement (OPC) to sustain growth. OPC is used for roads and infrastructure while PPC is used in real estate projects.
Shree Cement managing director HM Bangur, who runs the largest single-location [...]

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New Investment Rules For Venture Capital And Private Equity

August 7, 2008 – 1:24 am

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 [...]

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Milestone To Launch MEAS With Ecofirst

July 26, 2008 – 3:55 am

Milestone, India’s largest independent Real Estate Fund house is launching Milestone Ecofirst Advisory Services (MEAS) through a 50:50 Joint Venture with Ecofirst. Ecofirst, established with a multi million pound budget, is a J. Leon Group company based in UK.
With the launch of Milestone Ecofirst Advisory Services (MEAS), for the first time in the country, a [...]

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Rakindo Plan To Set Up $250-m Arm May Get Okay

May 8, 2008 – 3:42 am

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. [...]

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Sistema Will Invest In Hospitality Sector In India

May 1, 2008 – 7:48 am

Kolkata, April 30:- Mr Alexander A. Chinyaev, the chief representative in India of Sistema said that after venturing into the Indian telecom business, Russian conglomerate Sistema is now planning to tap the real estate and hospitality industries in India. The London Stock Exchange-listed public sector company is looking at investing an estimated eight hundred crore [...]

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Emaar SPVs To Get $800 Million PE Funding

May 1, 2008 – 7:47 am

Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.

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No Chance Of Slow Down In Hotel Industry

April 23, 2008 – 5:16 am

Hotel industry in India has shown strong growth in last financial year. Though hotel occupancies in Bangalore, Hyderabad and Pune dipped marginally owing to over capacity, average room rates for branded hotels across star categories continue to witness robust growth in most cities.

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Citi arm takes 40% in BPTP

April 9, 2008 – 2:35 am

New Delhi :- Property investment division of Citibank has invested one hundred sixty million dollar in real estate major BPTP. earlier Citibank Property Investment (CPI) had invested eighty million dollar in the company to take 5.89 per cent stake. The hottest investment will be made in a special purpose vehicle (SPV) of BPTP, which is [...]

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BCCL Picks Up Stake In Mantri Realty

April 8, 2008 – 5:42 am

Bennett, Coleman & Co Ltd (BCCL) has picked up Rs 60 crore worth preference shares in Mumbai-headquartered real estate major Mantri Realty Limited, which has operations in both Mumbai and Bangalore. Mantri Realty is an associate concern of Mantri Enterprises. The company, which has so far completed over 35 residential and commercial projects with over [...]

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