Tag Archives: Chennai

Red Fort to invest Rs 3,500cr via FDI route

April 23, 2008 – 5:12 am

Red Fort Capital Advisors, a real estate equity firm, will invest three thousand five hundred crore in residential and hospitality projects all over the country, including seven hundred crore in Chennai.
The funds will be channelized through the foreign direct investment (FDI) route. The money will be invested in real estate projects such as commercial, residential, [...]

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K Raheja enter in logistics business

April 10, 2008 – 8:32 am

MUMBAI: K Raheja Corp, a top real estate company, has entered into a fifty fifty joint venture with Colorado-based ProLogis, a leading owner, manager and developer of distribution facilities globally. The joint venture is for warehousing and logistic infrastructure development in India and is ProLogis’ first business in the country.
According to the agreement, the joint [...]

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ETA Star to venture into Indian hospitality

March 7, 2008 – 12:00 am

Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India.
The properties developed by ETA Star Properties will be managed by their hospitality [...]

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Singapore Realty Developer plans to tap Indian Market

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 [...]

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Israel firms in Joint venture for realty project

February 14, 2008 – 1:53 am

Property and Building Corporation (PBC) and Electra Real Estate, both Israel based firms, today pronounced plans of developing Rs 4,000-crore real estate projects in Hyderabad, Chennai and Mysore through a recently incorporated Indian joint venture, PBEL Property Development (India), with Hyderabad-based Incor Infrastructure as a 10 percent stake holder.
PBC is a subsidiary of the IDB [...]

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