Tag: Joint Ventures

Hines Looks For partners to Invest In Housing sector

American real estate developer Hines is planning to develop housing projects in India, in partnership with some Indian developers. American real estate developer Hines plans to enter the residential segment of India. The group plans to develop one or two housing projects. Earlier, partnering with DLF Ltd and Shyam Telecom, it had developed some commercial projects […]

REMF Cleared By Finance Ministry

The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted. The finance ministry […]

Problem With FDI In Real Estate

Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.

Gayatri To Buy Five Infrastructure Companies

Infrastructure firm Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving the way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP. The latter will bring to the table Rs 200 crore […]

HCC Sets Up Arms For Key Businesses

Hindustan Construction Company (HCC), a leading construction house, will transfer its real estate, infrastructure and investment businesses into separate fully-owned subsidiaries in an attempt to provide these high-growth businesses with a distinct focus and identity. HCC officials said two subsidiaries, HCC Real Estate and HCC Infrastructure, have already been formed and the third, HCC Capital, […]

Oman firm ties up with India Inc for Real Estate Development

W J Towell, A leading Oman business group, has announced the formation of joint ventures with three Indian firms for real estate development in the Sultanate. The Indian companies are Piramal Group, Simplex Infrastructure Ltd and Talati & Panthaky Associated Pvt Ltd. Mr. Imad Sultan, Director in-charge of Indian ventures of W J Towell, said,”The […]