November 14, 2008 – 1:23 am
Merrill Lynch, the US-based investment bank, has picked up a minority equity stake in Hyderabad-based logistics provider Shree Rajlaxmi group’s upcoming warehousing development project for an undisclosed amount.
“The project is a high-quality warehousing development that offers solutions to customers to enhance efficiency in their distribution channels,” said Rajlaxmi group director Anish Damodaran. The group has [...]
By Rajani
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Posted in Real Estate News
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Also tagged Anish, Consumer Markets, Delhi, Execution Capabilities, Geographical Distribution, Group Director, Growth Opportunities, Industry Executives, Inflection Point, Kotak, Manufacturing Sector, Merrill Lynch, Minority Equity Stake
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September 30, 2008 – 4:00 am
The board of directors of DS Kulkarni Developers at its meeting held on Sep. 27, 2008, has approved the investment in DSK Global up to Rs 30 million to make it a subsidiary.
The board has also approved the fixed deposit scheme of the company for the year 2008-2009.
DS Kulkarni Developers is a real estate developer. [...]
By Rajani
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Posted in Real Estate News
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Also tagged 30 Million, Board Of Directors, BSE, Deposit Scheme, Developers., Estate Projects, Fixed Deposit, Invest, Pune, Real Estate Developer, Subsidiary
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September 2, 2008 – 6:35 am
MUMBAI: India’s hottest property market, Mumbai, could see some shakeup in the commercial realty space. In a significant development, the Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At [...]
By manish
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Posted in Real Estate News
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Also tagged Banking And Financial Services, Commercial Realty, Commercial Space, Corporate Finance, Financial Hub, Financial Services Sector, Fsi, Fund Management, IT and ITes, Management Consultancy, Mumbai India, Property Consultant, Risk Management, Sectors, State Government, Transactions Services, Treasury Operations, Treasury Risk
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Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India.
The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital has [...]
Donald Trump Jr., whose father built a multi-billion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation’s economic growth.
New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to tap [...]
A slump in the Indian real estate market has cast a shadow on the property funds listed on London’s Alternative Investment Market (AIM). All the five India-focused property funds floated by local developers have been under-performing in the past two months.
On an average, they registered an 18% negative return over the last two months. The [...]
Now small towns will also have value malls. Mirroring its cinema infrastructure model, E-CITY Ventures, part of the Essel Group, is setting up forty-five value malls aggregating ten million square feet in emerging real estate cities.
Mr. Atul Goel, CEO, E-CITY Ventures, said, “For this project, we are looking at equity funding of Rs 450 crore”. [...]
After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008.
Global real estate consulting company, Cushman & Wakefield has reported a rise [...]
By manish
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Posted in Real Estate News
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Also tagged Consulting Company, Cushman Wakefield, Global Real Estate, Gurgaon, Home Buyers, india, New Delhi, Property, Real Estate, Real Estate Consulting, Real Estate Prices, Rental Prices, Residential Property, Stake.
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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, Investments, Real Estate, Real Estate Developer
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Mumbai, Apr 30 Developers and private equity players are set to put India’s retail space market on full throttle with investments worth around$5 -10 billion in FY09-FY10.
In moves that would lend retail space gigantic proportions, the Runwal Group and Singapore’s GIC will use a joint venture to launch a ‘Our City Centre’ retail mall over 1.1 [...]
By manish
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Posted in Real Estate News
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Also tagged Bhopal, Food Courts, GIC, Private Equity Firms, Retail Development, Retail Mall, Retail Shops, Retail Space, Runwal Group, Screen Multiplex, Sheth Developers
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