Tag Archives: Real Estate Developer

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, would develop [...]

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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 private [...]

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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 estate developer. [...]

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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, “We [...]

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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 said [...]

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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 proposal [...]

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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 all-time [...]

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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 [...]

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Now buy Dubai property from your Local Agent

May 13, 2008 – 5:21 am

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 [...]

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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 proposal. [...]

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