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. [...]
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Also tagged Balance Sheet, Bombay Stock Exchange, BSE, Commitments, Fortunes, Hotel Project, Hyderabad, Kolkata, Ncr, Purpose Vehicles, Realty Firm, Residential Projects, Saket, Special Purpose, Talks With Private Equity, Unitech
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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 [...]
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Also tagged Absorption Rate, Commercial Office Space, Commercial Space, Cushman, Fiasco, Global Clients, Global Real Estate, Global Slowdown, Kolkata, Leading Real Estate, Ncr, Real Estate Consultants, Real Estate Sector, Residential Space, S Real Estate
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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, [...]
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Also tagged Bangalore, Gurgaon, Home Developers, Housing Projects, Housing Units, Income Category, Income Housing, india, Kolkata, Major Real Estate, Pune, Residential Projects, Slump
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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 [...]
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Also tagged Budget Hotel, Commercial Real Estate, Commercial Space, Debt Repayment, Financial Crisis, Hospitals, Joint Venture, Negotiations, Private Equity Funds, Ramesh Chandra, Residential Projects
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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 [...]
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Also tagged 30 Million, Board Of Directors, BSE, Deposit Scheme, Developers., Estate Projects, Fixed Deposit, Invest, Mumbai, Pune, Subsidiary
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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, [...]
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 [...]
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Also tagged Allotment, Ceo., Developers., Development Zone, Economic Zones, Entire Project, Farmers, Favour, Greater Noida, Haryana, Land Acquisition, Onus, Punj Lloyd, Queue, Tax Benefit, Tea, Time And Money, Unitech
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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 [...]
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Posted in Real Estate News
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Also tagged CHD, Commercial Complexes, Commercial Spaces, Haridwar, Housing Project, Ludhiana, Mathura, Mega Project, Residential Plots, Retirement Lifestyle, Shopping Mall, Vrindavan
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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 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 [...]
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 [...]
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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, Mumbai, Real Estate
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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 [...]
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Posted in Real Estate Events, Real Estate Information, Real Estate News
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Also tagged Al Khaimah, Business Company, Ccea, Coimbatore, Company, Economic Affairs, Essar Power, FDI, Golf Course, Holding Company, Joint Stock, Joint Venture, Koneru, Launch, Promotion Department, Residential Complex, Specialty Hospital
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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.
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Also tagged Aggressive Marketing, Armani, Business, Company, Economic Boom, India Indian, Italian Leather, Italian Manufacturer, Joint Venture, Marketing Strategy, Piquadro, Premium Brands, Profit, Retail Strategy, Retail Venture, Stock Exchange
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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.
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Posted in Real Estate Information, Real Estate News
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Also tagged Emaar MGF, Estate Investment Trust, Financial Investor, Goldman Sachs, Indiabulls, Leading Property, market, Market Caps, Minority Stake, Money Flow, Omaxe, Parsvnath, Private Equity Fund, Purpose Vehicles, Real Estate Group, Real Estate Investment, Real Estate Investment Trust, Real Estate Sector, REIT
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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 [...]
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, 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, [...]
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Posted in Real Estate Events, Real Estate News
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Also tagged Budget, Contract, Hotel Projects, Indore, Intercontinental Hotels Group, Jaipur, Raipur, Star Properties, Udaipur, Vrindavan
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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.
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Posted in Real Estate Information, Real Estate News
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Also tagged Ansal Api, Bhk, Bptp, Faridabad, Gurgaon, Housing, Housing Projects, Manesar, New Delhi, Parsvnath, Residential Projects, Rohtas
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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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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