September 29, 2008 – 7:40 am
The finance ministry has blocked a proposal from the department of industrial policy and promotion (DIPP) to allow foreign institutional investors (FII) to invest over and above the sectoral caps on foreign investment. FII stake should not be taken into consideration while calculating FDI in sectors, for example telecom, which have a foreign investment cap, [...]
By Rajani
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Posted in Real Estate News
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Also tagged Commodity Exchanges, Controversy, Dipp, External Affairs, Favour, Finance Ministry, Foreign Institutional Investors, Foreign Investment, Government Sources, Home Defence, Narayanan, National Security Advisor, Portfolio Investments, Proposal, Reconstruction, Sectors, Segments, Stock Exchanges, Telecom Sector
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August 23, 2008 – 2:14 am
Foreign fund house Merrill Lynch Capital Markets has consolidated its stake in real estate major Ansal Properties and infrastructure to nearly 6%.
Merrill Lynch Capital Markets Espana SA SV has acquired as much as 11.63 lakh equity shares representing 1.03% stake in Ansal Properties through secondary market purchase route. Prior to this transaction the foreign fund [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition, Ansal Properties, BSE, Capital Markets, Commercial Zone, Crore Rupees, Espana, Infrastructure, Merrill Lynch, Merrill Lynch Capital, Real Estate, Residential Zone, Share Price, Sv
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Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India.
The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital has [...]
Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province.
This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and acquisition [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition, Beijing, China, Guangdong Province, Guangzhou, india, Investment, Investments, Mic, Private Real Estate, Property Investment, Real Estate Fund, Retail Development, Singapore, Technology, Temasek Holdings
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After the fresh rise in real estate prices all over India, the reports are coming about rising rental prices in key industrial towns. A current report about rental prices in New Delhi has shown a 13 % rise in rental prices in year 2008.
Global real estate consulting company, Cushman & Wakefield has reported a rise [...]
By manish
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Posted in Real Estate News
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Also tagged Consulting Company, Cushman Wakefield, Global Real Estate, Gurgaon, Home Buyers, india, Mumbai, New Delhi, Property, Real Estate, Real Estate Consulting, Real Estate Prices, Rental Prices, Residential Property
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February 1, 2008 – 11:42 pm
MUMBAI: The Dubai based Emaar group has purchased another 1.36% in its Indian joint venture Emaar MGF Land for Rs 922 crore, ahead of the initial public offer, which is considered to open on February 1. Emaar group has been assigned 13.37 million shares in the company, sources close to the arrangement said. The additional [...]