Real estate firm Sunil Mantri said that it will invest Rs 2,000 crore on developing a 2,000-acre residential project in Gwalior over the next decade. The company signed an MoU with the Special Area Development Authority, Gwalior, to carry out the project under public-private-partnership model, the company said in a statement. As per the MoU, […]
Tag: Real Estate Firm
Anant Raj Expects 40% Profit In Fiscal Year 09
July 28, 2008 – 7:55 am
Anant Raj Industries Ltd expects profit for the year ending March 2009 to rise 30% to 40%, helped by sales of two residential projects and robust rental income. The real-estate firm, which has most of its projects in northern India, has said it will focus on growing income from rentals. The firm reported a profit […]
ICICI Pru Buys 50 % In DS Kulkarni Project
July 10, 2008 – 6:44 am
Real-estate firm DS Kulkarni Developers Ltd said on Wednesday that it has sold 50% in a unit setting up a premium Bangalore residential project to ICICI Prudential PMS Real Estate Portfolio, for 350 million rupees. ICICI Prudential PMS has invested in the project at the land acquisition stage. Last week, D S Kulkarni sold 50 […]
Orbit Corp Plans Township In South Mumbai
June 17, 2008 – 10:06 am
Real estate firm Orbit Corp Ltd expects to add new projects worth 8-10 billion rupees in 2008/09, as it sees strong demand for redevelopment projects in South Mumbai, its main area of operation.
Omaxe Raises Rs 100 Crore Via Private Placement
May 26, 2008 – 6:19 am
Real estate firm Omaxe Ltd said on Monday that it has raised 1 billion rupees through private placement of debentures to LIC Mutual Fund. The company also said that it is planning to acquire companies overseas, including in the United Arab Emirates.
Akruti Plans Foray In Middle East, Other Indian Cities
March 31, 2008 – 5:45 am
Real estate firm Akruti City Ltd plans to make its first international foray in the Middle East later this year, with projects in both residential and commercial segments. Mr.Vyomesh Shah Managing Director of Akruti said, “We had sent our team to study the Middle East market and they came back with very encouraging growth prospects”.
Slow Down Of Real Estate Business In Delhi
March 18, 2008 – 6:41 am
NEW DELHI: While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region. Some foremost developers based in the region say it is becoming more and more complicated for them to sell […]
