Private equity firm ICICI Venture, a division of ICICI Bank on 4th July said it has arrived at an agreement with Tishman Speyer to sell its stake in their real estate joint venture to the US firm.
ICICI Venture will sell its 50 % stake in TSI Ventures India Pvt Ltd, a real estate JV company, [...]
State Bank of India is likely to report an improvement in its asset quality when it presents its first quarter results. According to top SBI sources, the bank has recovered bad loans worth around two thousand crore rupees during April-June 2008.
Top SBI executives, when contacted, refused to comment. SBI managing director S K Bhattacharya said, [...]
By Rajani
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Posted in Real Estate News
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Also tagged Asset Quality, Bank Of India, Commercial, Credit Quality, Debt, Investments, Loan Management, Retail Loans, S K Bhattacharya, State Bank, State Bank Of India
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The gloom over the realty sector is reflected in the stock prices of many companies. BSE Realty Index has been the worst performer so far in 2008, having shed more than 68.5% from its January peak. Analysts expect further erosion in valuations of realty stocks with the sector facing a slowdown, input costs rising, and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Blackstone Group, Capital, Commercial, Debt, Emmar Properties, Finance, Goldman Sachs, Lee Kim Tah, Morgan Stanley, Property Investors, Real Estate Developers, Realty Market, Realty Stocks, Religare Securities, salim group
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Unity Infraproject has announced it’s FY08 results. Unity Infra project’s profit after tax (PAT) for FY2008 stood at Rs 600 million, up 42% from Rs 423 million in FY2007. EPS for FY2008 was Rs 44.9 versusRs 32.9 in FY2007, a growth of 36%.
Out of the current order book, 56% pertains to government and 44% to [...]
Kerala, which has been recognized for its high human development but low economic growth, is now displaying a new phenomenon. Growth has picked up the pace since the late 1980s, as a result of economic improvement and a large inflow of remittances. The modern phenomenon of migration from Kerala to the Gulf countries and the [...]
By manish
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Posted in Real Estate News
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Also tagged Arabian Sea, City Spaces, Economic Improvement, Estate Business, Global City, Gulf Countries, Infrastructure And Planning, Investment Destination, Kochi, Old Churches, Public Infrastructure, Snake Boats, State Planning Board, Towering Buildings, Urban Infrastructure
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Dehradun is the capital city of uttranchal. It is located amidst Himalayan ranges. That increases its beauty by many folds and delivers peace and tranquility to the residents. Currently real estate market in dehradun is pretty good with all top realtor firms entering the city. With top firms investing heavily in massive residential projects and [...]
By manish
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Posted in Real Estate News
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Also tagged Army Public School, Dehra Dun, Dehradun, Devlopers, Doon School, Himalayan Ranges, Housing Properties, Income Tax Exemption, Indian Military Academy, Multiplexes, Mussorie, Peace And Tranquility, Realtor Firms, Residential Projects, Thomas High School, Uttranchal
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Indiabulls Power Services (IPSL), a subsidiary of Indiabulls Real Estate, has entered into a memorandum of understanding (MoU) with the Jharkhand government for setting up of 1,320 mega watt (MW) power project, a statement sent to the Bombay Stock Exchange said.
In terms of the MoU, government of Jharkhand shall facilitate and extend all assistance to [...]
Real Estate major DLF announced a consolidated net profit of Rs 7,812.03 crore for the financial year ended March 31, a four-fold growth over the year-ago period.
The company had a net profit of Rs 1,933.65 crore in 2006-07 fiscal, DLF said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 14,683.91 [...]
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 [...]
Real estate developers in Karnataka have decided to raise home prices by 3-8% from June 10, citing steep increases in the cost of construction materials and higher labour rates.
The price hike was “inevitable” because steel was dearer by 24% compared to its January level and cement prices were up 56% from the beginning of the [...]
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