Tag: Developer

Gulshan Homz new project Gulshan Ikebana at Sector 143B, Noida Expressway.

Gulshan Homz, part of the GC Group of companies has launched its new residential project: Gulshan Ikebana at Sector 143B, Noida Expressway that is designed by keeping all the modern needs, indulgences and luxuries in mind and offers a sleek, infinitely flexible, multi-dimensional and open life and is well conceptualised for quintessential living.  One would enjoy excellent location advantage […]

Developers show anger for new bill

A draft bill on real estate regulator that will protect the interest of home buyers by ensuring a transparent and healthy real estate sector has drawn the anger of developers. According to Mr. Kumar Gera, Chief-CREDAI, “The government is trying to play nanny to the home purchaser”. According to the new bill, a builder will […]

US-based hedge fund QVT Financial opposes Hirco’s restructuring

US-based hedge fund QVT Financial LP has strongly opposed Hirco Plc’s proposal to merge two Indian subsidiaries of the Hiranandani group with itself. QVT holds a minority stake in Hirco, a real estate fund floated by the Mumbai-based developer Hiranandani group in the Alternative Investment Market (AIM) of London. Hirco has called an extra-ordinary general […]

Dubai retreats on just-announced $95B development

The newly created Dubai developer that unveiled a 95 billion dollar real estate project just 2 months ago says it is reviewing its plans in light of the economic downturn. Meraas Development says “it has seen that investor demands have changed” and that it must quickly respond to meet these market needs. The developer says […]

NRIs Coming Back To Indian Property Market

After having lived outside of India for close to 40 years or even more, many NRIs are now joining a reverse flow into India, and investing in property back home. Many are looking for retirement, or semi-retirement homes that may later tempt their children or grandchildren into connections with India. But it can also be […]

DLF Assets Raises $450 Million from Symphony Capital; Singapore IPO On Cards

DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer by market capitalisation, has raised $450 million from Symphony Capital, a London based investment firm. DLF Assets has earlier received two hundred million dollars from a fund sponsored by Lehman Brothers and $400 million from another global investment firm DE Shaw for […]

Exodus Boosts Pune Realty Prices

The building sector in Pune and neighbouring areas is in terrible straits. The mass exodus of migrant workers from UP and Bihar, following alleged threats from Raj Thackeray’s Maharashtra Navnirman Sena, has forced builders to invoke the force majeure clause to escape liabilities of delays and cost overruns.