August 30, 2008 – 6:14 am
Kuwait Finance House, the Gulf state’s biggest bank by market value, said it will invest $275 million in a real estate project in China as part of plans to boost its exposure to Asia.
KFH has signed a deal with China’s Nan Hai Corp to invest in the $3 billion Peninsula real estate development through its [...]
By manish
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Posted in Real Estate News
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Also tagged Asia, China, Invest, Islamic Bank, Kfh, Kuwait Finance House, Nan Hai Corp, Peninsula, Project Finance, Real Estate Development, Real Estate Project
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ITC is ramping up its hospitality business with new hotels in Chennai and Kolkata. The tobacco-to-snacks major would build a 1.2 million sq ft hotel in Kolkata at an estimated investment of Rs 860 crore and has already started work on the 600-room property ‘Grand Chola’ in Chennai.
Besides, ITC has bought land for building hotels [...]
By manish
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Posted in Real Estate News
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Also tagged Assets, Deluxe Hotel, Hospitality Business, Hotel In Hyderabad, Hotel In Kolkata, Hotels In Ahmedabad, Hotels In Chennai, Itc, Snacks, Starwood Hotels, Starwood Resorts, Supreme Court, Tobacco
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Tech Mahindra announced a capex plan of Rs. 638 crore ($150 million) for next three years, 60% of which will go as investments in physical infrastructure such as buildings and real estate while 40% will be used for enhancing technology.
The company plans to open new centres in Belfast (Ireland), Milton Keynes (UK), Chandigarh and Kolkata.
State Bank of India is likely to report an improvement in its asset quality when it presents its first quarter results. According to top SBI sources, the bank has recovered bad loans worth around two thousand crore rupees during April-June 2008.
Top SBI executives, when contacted, refused to comment. SBI managing director S K Bhattacharya said, [...]
By Rajani
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Posted in Real Estate News
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Also tagged Asset Quality, Bank Of India, Commercial, Credit Quality, Debt, Loan Management, Real Estate, Retail Loans, S K Bhattacharya, State Bank, State Bank Of India
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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 acquisition [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition, Beijing, China, Guangdong Province, Guangzhou, india, Investment, Mic, Private Real Estate, Property Investment, Real Estate Fund, Retail Development, Singapore, Stake., Technology, Temasek Holdings
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Dubai-based luxury real estate developer DAMAC Properties has appointed local agents in Gujarat to harness the investment opportunities in the region. The company has signed up around 60 agents across India, mostly in metros.
These include two Ahmedabad-based and one from Baroda. The initiative has been taken by the company to market and sell its international [...]
By manish
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Posted in Real Estate News
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Also tagged Ahmedabad, Bangalore, Baroda, Chennai, Damac Properties, Delhi, Dubai, Gujarat, Gurgaon, india, Investment Options, Mumbai, Real Estate, Real Estate Developer
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PBEL PROPERTY Development (India) Pvt Ltd, a joint venture of Israel based Property and Building Corporation (PBC), Electra Real Estate (ERE) and INCOR infrastructure, has invested twenty crore rupees in Mysore to build a residential township.
Announcing this progress, PBEL, executive director Anand Reddy said, “The Company has invested twenty crore rupees on a ten acre [...]
By manish
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Posted in Real Estate News
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Also tagged Apartment Buildings, Chennai, Cities, Coimbatore, Continents North America, Elco Holdings, ERE, Global Assets, Hyderabad, IDB, india, North America Europe, Pbc, projects, Real Estate Sector, Residential Land, tamilnadu, township propject, Vizag
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February 1, 2008 – 1:31 am
With a revenue margin of approximately 35% to 50%, Private Equity (PE) land in India is one of the best beneficiaries of the Real Estate Sector of the country.
Within the upcoming two years Private Equity (PE), out of the country firms venture in Indian market is likely to touch US$48bn. More than 400 such firms [...]
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