Tag: Investments

Realty Investment Rises In UP, Reports ASSOCHAM

Uttar Pradesh has seen an increase in the realty investment, reported Associated Chambers of Commerce and Industry of India. Analyzing the growth rate of realty investment in Uttar Pradesh, Associated Chambers of Commerce and Industry of India has reported that the state has received a growth in the investment level.

Indiareit buys Rs 300 crore stakes

Ajay Piramal-promoted real estate fund Indiareit has acquired about 15 percent stakes in Mumbai-based developer Neptune group for around Rs 300 cr. The deal assumes significance as the fund has chosen to invest in the company, rather than the usual practice of investing in individual projects. Neptune group chairman Nayan Bheda confirmed the deal, but […]

KFH To Invest $275 Milliion In Real Estate Project

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 […]

Hotels In Chennai And Kolkata By ITC

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 […]

Tech Mahindra To Invest Rs. 638 Crore In Next 3 Years

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 […]

SBI Recovers Two Thousand Crore Rupees’ Bad Loan

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 […]

Mapletree Starts Third Property Project In China

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 […]

Now buy Dubai property from your Local Agent

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 […]

Residential Township Project In Mysore

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 […]

Real Estate India will be benefited by PE Investment In next two year

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 […]