Tag: ICICI Bank

Sahara and ICICI Bank want to buy Parsvnath’s prime land in Delhi.

Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]

ICICI Venture will sell its 50 % stake in TSI Ventures

Private equity firm ICICI Venture, a division of ICICI Bank on 4th July said it has arrived at an agreement with Tishman Speyer to sell its stake in their real estate joint venture to the US firm. ICICI Venture will sell its 50 % stake in TSI Ventures India Pvt Ltd, a real estate JV […]

Realty stocks gain ground

Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715. Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha […]

Rs 1,000 cr via third fund will be raised by Indiareit

Indiareit Fund Advisors, the Ajay Piramal-promoted real estate investment fund, is planning to introduce its third domestic fund to raise Rs 1,000 crore. Talking to DNA Money, Ramesh Jogani, the fund’s CEO and MD, confirmed the development but did not disclosed details. Jogani said, “In the subsequent two years we will introduce our fourth domestic […]