Foreign fund house Merrill Lynch Capital Markets has consolidated its stake in real estate major Ansal Properties and infrastructure to nearly 6%. Merrill Lynch Capital Markets Espana SA SV has acquired as much as 11.63 lakh equity shares representing 1.03% stake in Ansal Properties through secondary market purchase route. Prior to this transaction the foreign […]
Tag: Acquisition
Mapletree Starts Third Property Project In China
May 29, 2008 – 5:06 am
Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province. This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and […]
Realty Is Facing A Major Cash Crunch
May 17, 2008 – 1:01 am
Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even […]
Facts Regarding Property Dealing With NRI
January 28, 2008 – 5:56 am
There are some queries regarding property dealing with NRI, which always create confusion. The most confusing matter is that when Reserve Bank’s permission is mandatory and when there is no need of all that stuff. Non-resident Indian do not require permission from the Reserve Bank to acquire residential or commercial property. The Reserve Bank has […]
