Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets to […]
Tag: Real Estate Developer
Unitech looks for $560 million from PE funds
January 14, 2009 – 3:47 pm
India’s second-biggest real estate developer Unitech is in talks with private equity (PE) funds for investments up to $560 million (Rs 2,750 crore). The realtor is also in negotiations with banks to restructure an additional Rs 500 crore of loans as part of its plan to cut debt and secure funding to complete existing projects. […]
SEZ growth may follow down track
January 9, 2009 – 12:58 am
The adverse effects of the Satyam fiasco are not only going to be felt by the IT industry. Even the real estate sector is worried. If global clients and investors in the IT domain decide that India is not the best place to dabble in for the moment, then there is going to be an […]
DLF To Pump In Rs 150 Billion For Residential Projects
December 16, 2008 – 4:46 am
DLF, India’s major real estate developer, announced that it plans to invest Rs 150 billion over the coming three fiscals to construct various residential projects across the country. The company has raised Rs 16,750 million as private equity in eight projects in November 2007. According to sources, DLF Home Developers, the wholly-owned arm of DLF, […]
Unitech plans sale of assets to raise funds
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 […]
DS Kulkarni To Invest Rs 30 Million
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 […]
Golden Peacock Award To DLF
September 29, 2008 – 5:03 am
The largest Indian real estate developer DLF Ltd has received ‘Golden Peacock Award’ for its excellence in corporate governance. The Golden Peacock Global Award for Corporate Governance was instituted by the World Council for Corporate Governance in January 2001 to promote competitiveness among businesses to get better quality of corporate governance. A DLF spokesperson said, […]
DLF To Get 5000 Acres Land Less Than Market Rate
June 23, 2008 – 12:17 am
Real estate developer DLF will soon get around 5000 acres near Greater Noida at less than market rate under the Taj Expressway Industrial Development Authority’s (TEA) scheme. Jaypee group, too, has qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in queue for 2,500 acres each. TEA additional CEO C S Verma […]
CHD Developers Will Invest 1000 Crore In Various Projects
June 18, 2008 – 4:51 am
Real estate developer—CHD Developers have firmed up plans to pump in Rs 1,000 crore into various projects over the next 3-4 years. The developer plans to raise the money from the market as well as plough back the profits. The company will be developing group housing projects as well as commercial complexes. “We have a […]
Realty Feeling Heat Of Market Meltdown
June 7, 2008 – 12:02 am
The real estate sector seems to be at the receiving end of the market meltdown, with the DLF scrip ending below its issue price. For the first time after its listing, the stock of India’s largest real estate developer closed below its issue price of Rs 525 at Rs 519.95. Although it was closing at […]
Bhuwalka In Land Development Business
May 28, 2008 – 6:54 am
Bhuwalka Steel Industries Ltd and Soul Space Realty Ltd have signed a joint development agreement to unlock the value of the steel company’s land in Bangalore after it decided to relocate its TMT Mill to Bellary. Soul Space Ltd is a member of a leading real estate developer, B.L. Kashyap Group. The agreement envisages that […]
Rakindo Plan To Set Up $250-m Arm May Get Okay
May 8, 2008 – 3:42 am
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 […]
DLF Setting Up JV Company With Italian Major Piquadro
May 5, 2008 – 12:27 am
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.
Emaar SPVs To Get $800 Million PE Funding
May 1, 2008 – 7:47 am
Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.
Salarpuria Plans Hotel In Rajarhat
April 16, 2008 – 7:44 am
Kolkata-based real estate developer Salarpuria Group will execute projects worth Rs 1,000 crore in West Bengal by 2010. Mr. Rakesh Salarpuria, vice chairman of the Salarpuria Group, said that the expansion plans includes setting up a Novotel Hotel, promoted by international hospitality major, Accor Group, at Rajarhat. The investment in the project would be close […]
World’s largest shopping centre
April 3, 2008 – 6:06 am
The Dubai Mall, world’s biggest shopping and entertainment destination, developed by the foremost Dubai real estate developer Emaar Properties PJSC and located in the Dh73 billion mega-project Downtown Burj Dubai, is putting concluding touches to quite a few retail and entertainment concepts that are a first for the region. The Dubai Mall, with an approx […]
Amrapali Group Invests In Hotel Projects
March 29, 2008 – 2:28 am
Amrapali Group, a UP-based real estate developer, will be investing about Rs 600 crore in different hotel projects in 2008. These hotel projects are under different levels of construction in different parts of India, primarily the north Indian cities, like Bareilly, Vrindavan, Greater Noida, Udaipur, Indore and Jaipur. The upcoming properties will comprise all categories, […]
Real Estate Companies planning for Low-Cost Residential Projects
March 19, 2008 – 1:45 am
NEW DELHI: Playing on the basic economics of small margins-high volume, realty majors are now adding low-cost residential projects to their portfolio. Omaxe, DLF, Ansal API, Parsvnath, BPTP, et al are setting their eyes on the small and mid-income home buyer segment and lining up projects which will meet the aam aadmi’s need.
Holding Company ‘Dubai Properties Group’ Launched to Further Consolidate Operations
March 17, 2008 – 2:15 am
Leading master real estate developer Dubai Properties, a member of Dubai Holding, on 16th march revamped its corporate structure and pronounced the establishment of a fresh holding company – Dubai Properties Group – combining all its existing businesses into separate business unit, and fetching them under one roof organization. The new group structure consist 6 […]
Citi And Merrill Likely To Invest Rs 2000 Crore In DLF Realty
March 13, 2008 – 4:49 am
NEW DELHI: Global financial firms Citigroup, Merrill Lynch and DE Shaw are likely to invest Rs 2,000 crore or $500 million in the DLF Assets’ (DAL) real estate investment trust(REIT), according to sources. The transaction is likely to be completed by early next week. Part of DLF Group, the largest real estate developer in the […]
Dubai Properties displayed at Mumbai Extravaganza aiming Indian Investor
February 28, 2008 – 4:46 am
Foremost master real estate developer Dubai Properties has participated at the premium luxury show ‘Mumbai Extravaganza 2008’ in Mumbai, India to showcase its most recent portfolio of realty developments including the latest to be announced ‘Mudon’ project, to an elite audience of high net worth visitors and top tier conglomerates. Mohamed Binbrek, CEO, Dubai Properties, […]
Arizona State University Real-Estate Conference Fills Up
February 19, 2008 – 11:57 pm
Arizona State University (ASU) real-estate conference featuring a range of specialists in mortgages, investments and risks has been filled up. More than 300 people signed up for the seminar, titled “Risk, Reward and Real Estate: Remembering the Past, Facing the Future” and figured $250 to $290 per person, to know about the latest on the […]
Emaar MGF Puts Milestone In Real Estate
February 4, 2008 – 1:14 am
Emaar MGF is proposing to aggregate between Rs 5540 to Rs 6464 crore through an IPO, which would amount to a post-issue stake of 10.2 per cent in the company. The price band for the issue is fixed at Rs 540-630 a share. Earlier, the issue price was fixed at Rs 610-690 a share amounting […]
DLF Third Quarter profit 21.45 billion rupees
February 1, 2008 – 1:31 am
MUMBAI (Thomson Financial) – Indian real estate developer DLF Ltd said its strengthened third-quarter net profit was 21.45 bln Indian rupees on revenues of 36.51 bln rupees. Results are not comparable with the identical period last year as it was an unlisted company at that time, and that it does not have results for the […]
