Reuters Market Eye – India’s biggest real estate developer DLF (DLF.NS) rose 3.2 percent to 188.10 rupees after Goldman Sachs upgraded its rating on the stock to “buy” from “neutral” and raised its 12-month target price to 264 rupees from 252 rupees. Goldman cited a pickup in residential launches, a recovery in commercial property, easing interest rates, […]
Tag: Goldman Sachs
Realty Gloom Reflects Stock Price
July 11, 2008 – 6:36 am
The gloom over the realty sector is reflected in the stock prices of many companies. BSE Realty Index has been the worst performer so far in 2008, having shed more than 68.5% from its January peak. Analysts expect further erosion in valuations of realty stocks with the sector facing a slowdown, input costs rising, and […]
Goldman Sachs Picked Pinority Stake In Sterling & Wilson
June 17, 2008 – 12:27 am
Goldman Sachs, the global financial powerhouse, has picked up a minority stake in Sterling & Wilson, a Shapoorji Pallonji group company, for $50 million. No further financial details were available. Sterling & Wilson is one of the leading mechanical, electrical and plumbing (MEP) contracting companies in the country. It is one of those few companies […]
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.
Real Estate International Mortgage Marketing in Brief
March 10, 2008 – 11:43 pm
Mortgage lending rose 160 % previous year, bringing the total to 611 billion rubles ($25 billion), Vedomosti reported last week, citing the Central Bank. Sberbank and VTB Group, the country’s first- and second-biggest lenders, respectively, saw their share of the total rise to 70 % from 55 %, said Vasily Belov, general director of mortgage […]
India Bulls Real Estate Purchasing DLF Stake
February 1, 2008 – 8:10 am
India’s leading real estate developers, DLF Ltd. has sold its stake in Kenneth Builders and Developers Ltd. to its identical associate in the venture, India bulls Real Estate Ltd. The two companies came together in 2006 to develop high-end housing apartments at Okhla in New Delhi. The division bought its only holding, 35.8 acres (14.5 […]
