A business group in the US named Vision India Real Estate is bankrolling a sum total of $5 million in an upcoming residential project in Chennai. The project belongs to Gem Group. This is the first time that the US Company is going for a joint development project. It is proposing an investment of $100 […]
Tag: Special Purpose Vehicle
AP grants Rs 121crore project to Maytas Infra
December 22, 2008 – 4:56 am
The Congress-led government in Andhra Pradesh has sanctioned a Rs 121-crore project to Maytas Infra, barely two days after the founder and chairman of Satyam Computer Services B Ramalinga Raju’s scuppered bid to buy infrastructure firm run by his son Teja Raju. The state has issued an order on Saturday sanctioning funds for the road […]
Government Will Acquire Land With The Consent Of The Owners
August 23, 2008 – 5:37 am
Tata Group chairman Ratan Tata’s threat to pull the Rs 1,500-crore Nano small-car project out of West Bengal in the face of violence and protests over farmland acquisition has deepened the gloom over the Left Front government’s industrialisation drive, with most of its larger and more ambitious infrastructure projects already on hold over land issues. […]
Gayatri To Buy Five Infrastructure Companies
May 27, 2008 – 3:53 am
Infrastructure firm Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving the way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP. The latter will bring to the table Rs 200 crore […]
Real estate expecting twelve billion dollar PE funds
May 2, 2008 – 7:15 am
Mumbai, With the Indian real estate market slated to grow 35-40% in value terms over the next two years, private equity (PE) players are lining up significant investments in the segment. Led by Blackstone and the PE arm of Deutsche Bank, a host of players—including Red Fort Capital Advisors, Starwood Capital and Walton Street—are expected […]
Citi arm takes 40% in BPTP
April 9, 2008 – 2:35 am
New Delhi :- Property investment division of Citibank has invested one hundred sixty million dollar in real estate major BPTP. earlier Citibank Property Investment (CPI) had invested eighty million dollar in the company to take 5.89 per cent stake. The hottest investment will be made in a special purpose vehicle (SPV) of BPTP, which is […]
Deutsche Bank Picks Up 40 Percent Stake In Ramprastha
March 29, 2008 – 2:27 am
Deutsche Bank has raise up close to 40 percent stake in Ramprastha Promoters and Developers. Ramprastha Promotors and Developers is a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR).
