November 27, 2008 – 12:40 am
In a bid to tide over the current financial crisis, Unitech, the second largest real estate developer in the country, is planning to raise money by selling some of its assets, such as hotels and commercial real estate.
The company, which currently has a debt of Rs 8,200 crore, is also planning to rope in private [...]
By Rajani
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Posted in Real Estate News
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Also tagged Budget Hotel, Commercial Real Estate, Commercial Space, Debt Repayment, Financial Crisis, Hospitals, Negotiations, Private Equity Funds, Ramesh Chandra, Real Estate Developer, Residential Projects
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August 27, 2008 – 2:58 am
Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India.
The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory filing [...]
By manish
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Posted in Real Estate News
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Also tagged Combined Development, Four Star Hotels, India Real Estate, Indian Cities, Indian Partners, Jv, Kochi, London Stock Exchange, Plaza Centers NV, Property Developer, Residential Accommodation, Retail Complexes
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Chennai-based real estate developer Rakindo Developers’ proposal to set up a wholly owned subsidiary with $250-million FDI from Dubai-based Rakeen Development is expected to get Cabinet clearance on Thursday.
Rakindo has plans of building a $1.5-billion (Rs 6,000- crore) integrated township at Coimbatore which will be ready for launch after the CCEA clears the FDI proposal. [...]
By Rajani
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Posted in Real Estate Events, Real Estate Information, Real Estate News
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Also tagged Al Khaimah, Business Company, Ccea, Coimbatore, Company, Economic Affairs, Essar Power, FDI, Golf Course, Holding Company, Joint Stock, Koneru, Launch, Promotion Department, Real Estate Developer, Residential Complex, Specialty Hospital
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Real estate developer DLF is learnt to be setting up a joint venture company with Italian leather and luggage accessory major Piquadro to hawk its products in India. This is part of the real estate major’s retail strategy to bring in some of the world’s leading premium brands across categories into the country.
By Rajani
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Posted in Real Estate News
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Also tagged Aggressive Marketing, Armani, Business, Company, Economic Boom, India Indian, Italian Leather, Italian Manufacturer, Marketing Strategy, Piquadro, Premium Brands, Profit, Real Estate Developer, Retail Strategy, Retail Venture, Stock Exchange
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Marks & Spencer is to enter into a joint venture aimed at establishing itself as a major retail brand in India.
The JV is with Reliance Retail, part of the Reliance Industries Group.
Marks & Spencer will take a 51% interest in the venture, with Reliance Retail taking the remaining 49%.
April 11, 2008 – 12:21 pm
Japanese auto major Toyota Motor Corp will invest USD 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a ’strategic’ small car in the country by 2010.
Ending months of speculation over the second plant, Toyota, which runs the Indian operations through a joint [...]
MUMBAI: K Raheja Corp, a top real estate company, has entered into a fifty fifty joint venture with Colorado-based ProLogis, a leading owner, manager and developer of distribution facilities globally. The joint venture is for warehousing and logistic infrastructure development in India and is ProLogis’ first business in the country.
According to the agreement, the joint [...]
LONDON - The Indian government formally approved ONGC Videsh Ltd’s (OVL) 102.21 mn USD investment in a Qatar-based project and also its formation of a joint venture with CVP/Petroleos De Venezuela SA (PDVSA).
ONGC Videsh is a unit of Oil & Natural Gas Corp, India’s largest oil and gas exploration company.
The government also authorised ONGC Videsh to [...]
February 19, 2008 – 1:54 am
Reliance Industries is in advanced discussion with the New York-based Vornado Realty Trust. It is one of the world’s top five real estate asset managers. Main aim of this discussion is to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with [...]
February 14, 2008 – 1:53 am
Property and Building Corporation (PBC) and Electra Real Estate, both Israel based firms, today pronounced plans of developing Rs 4,000-crore real estate projects in Hyderabad, Chennai and Mysore through a recently incorporated Indian joint venture, PBEL Property Development (India), with Hyderabad-based Incor Infrastructure as a 10 percent stake holder.
PBC is a subsidiary of the IDB [...]
By manish
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Posted in Real Estate Information, Real Estate News
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Also tagged Business Interests, Chennai, Elco Holdings, india, India Property, Mysore, Pbc, Property And Building Corporation, Residential Area, Stake Holder
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