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. […]
Tag: Realty Firm
SEZ In Gurgaon By Raheja Developers
August 26, 2008 – 4:55 am
Realty firm Raheja Developers said it would invest about four thousan five hundred crore rupees to develop an engineering SEZ in Gurgaon over the next three to five years. This project, which is expected to create job opportunities for around fifty thousand people (including both direct and indirect) is said to have a potential to […]
Sunil Mantri To Develop Township
July 31, 2008 – 4:48 am
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, […]
Ansal Properties and Infrastructure Ltd To Rs 900 Crore In Sonepat
July 28, 2008 – 7:59 am
Leading realty developer Ansal Properties & Infrastructure Ltd said it will invest Rs 900 crore for developing a 250-acre engineering-based Special Economic Zone at Sonepat in Haryana.
PE Fund Picks 40% In Amrapali SPV
July 28, 2008 – 7:56 am
Private equity fund SUN-Apollo Ventures has invested Rs 300 crore for 35-40% equity in an SPV of Noida-based realty firm Amrapali group. SUN-Apollo is a joint venture between Delhi-based Khemka family’s SUN group and US-based private equity fund Apollo Real Estate Advisors. Apollo’s development and investment portfolio is spread across US, UK, Russia and other […]
Indian Realty Need Chinese Rules
July 24, 2008 – 5:47 am
It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer […]
Omaxe Annual Business Report
May 27, 2008 – 3:54 am
Realty firm Omaxe on 26th may reported consolidate net profit of around four hundred ninety five crore rupees for the year ended 31 Mar 08, a more than two-fold jump over the preceding year. The company had recorded a consolidated net profit of around two hundred forty four crore rupees in the earlier fiscal, Omaxe […]
