Real estate fund house ASK Property Investment Advisors has said it is planning to fund to invest in Indian real estate projects. The company has already committed $40 million (Rs 200 crore) out of its second domestic fund. It has formed a subsidiary in Singapore that will be raising this offshore fund. To be launched in […]
Tag: Managing Director
DLF in talks to sell Mumbai land as per a report
April 27, 2012 – 2:51 pm
DLF, India’s top-listed realtor, is in talks with three Mumbai-based real estate companies — Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, according to a report on Friday. While DLF is seeking a valuation of 30 billion rupees ($571 million) for the 6.8 hectare property, the potential buyers are negotiating at between 20 billion […]
Mirah Group to Grow into Realty Sector.
April 14, 2012 – 6:34 pm
Mirah Group, a diversified business group with interests in food and beverage (F&B), hospitality, travel and international trading, is scaling up its real estate business and consolidating it under a single entity, said a top executive. The group, which runs popular restaurant chains and food stores including Rajdhani, Mad over Donuts and Manchester United Cafe […]
Lemon Tree is planning to open 100 hotels in India by 2020.
April 6, 2012 – 1:20 pm
Hospitality chain Lemon Tree Hotels today said it plans to open 100 hotels in India by 2020, with a total room capacity of 10,000. The company that currently owns and manages 18 hotels under Lemon Tree Premier, Lemon Tree and Red Fox brands also said it has put on hold plans to foray into real estate in partnership […]
This Navaratra Buyers are back in Realty Sector.
March 31, 2012 – 3:57 pm
There is flurry of activity in the offices of realty firms as buyers are coming out to seal deals. The mood is likely to remain upbeat till the end of summer vacation of schools. Buyers are back in the realty market this Navaratra, lending credence to this festive season’s reputation as a golden period for business […]
It’s time to fulfil sweet dream for Hyderabad Residents.
March 27, 2012 – 8:50 pm
“Yes, there has definitely been a drop in prices by 5-8% in Hyderabad. But if one asks for the drop in real estate prices in Hyderabad for the year 2011, one has to look at it more as a necessity of investors to postpone their purchases due to the unstable political situation prevalent last year […]
Real Estate Sector is disappointed.
March 19, 2012 – 6:13 pm
Real estate players were disappointed with the Budget saying it failed to highlight the role of the housing sector in the economy. The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting […]
RBI Increases Loans On Realty
April 16, 2010 – 8:01 am
The Reserve Bank of India has asked banks to set aside more pelf for loans to realty projects which may eventually make borrowing more costly for builders. An increase in capital requirement will force banks to hike the rate of interest on such loans. SA Bhat, chairman and managing director of Indian Overseas Bank gave […]
RIMC enters India in JV with Sahil Group
December 18, 2008 – 2:03 am
Germany-based hotel management and consultancy firm, RIMC International, has entered into a 50:50 joint venture agreement with Pune-based Sahil Group of Companies, to manage and operate hotel projects in India. The joint venture company, RIMC Sahil India, aims to operate about 20 properties in the country by 2012. It has earmarked an investment of about […]
Mahindra Lifespaces Mulls Entering Affordable Housing Segment
September 25, 2008 – 11:14 pm
Mahindra Group’s real estate arm Mahindra Lifespaces is likely to join the ‘affordable’ housing bandwagon in a year, aiming the middle-income group. “We are looking at opportunities to enter into the affordable housing sector, but it is still at the discussion stage. It may take one year to concertise the plan,” Mahindra Lifespaces Managing Director […]
Shriram Properties To Develop 15 Shopping Malls And 70-80 Budget Hotels
August 29, 2008 – 2:17 am
Shriram Properties, the real estate arm of Rs 25,000 crore Shriram Group, would launch two separate subsidiaries to promote projects in retail and hospitality segments, a top official of the company said. M Murali, managing director of Shriram Properties, said the company would develop 15 shopping malls and 70-80 budget hotels in the next 3-4 […]
Five Million Tonnes Steel Plant In West Bengal
July 1, 2008 – 1:21 am
KOLKATA: JaiBalaji Steel, which is investing Rs. 16,000 crore to set up a five million tonnes steel plant in West Bengal, is set to begin construction by this year on its project located in Raghunathpur in Purulia, which is one of the backward districts in the country. Addressing a press conference here, Aditya Jajodia, Chairman […]
Unitech’s Annual Profit Loss Statement
June 28, 2008 – 6:02 am
Unitech Limited, India’s foremost Real Estate Company on 27 June 08 announced its audited consolidated financial results for the FY ended 31st March 2008. Total income rose by twenty six percent to Rs. 42,801 million, as against Rs. 33,881 million during the preceding financial year. Profit after tax (PAT) also jumped by twenty seven percent […]
