Tag: Aim

Hiranandani group to resume Hirco

January 2, 2009 – 12:36 am

Leading shareholders of Hirco, the AIM-listed real estate fund of the Hiranandani group, are likely to support the group’s move to restructure Hirco, by merging two real estate subsidiaries with it. According to a person close to the Hiranandani group, “The proposal to restructure has originated from shareholders. About 90% of them are supporting the […]

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Developers in the metropolis plan to target NRI buyers

November 24, 2008 – 7:01 am

Real estate developers in the metropolis plan to target NRI buyers, primarily in the UAE, in a bid to push up their sales, affected in recent times by high prices and adverse sentiment, a senior industry official said. “With the Rupee depreciating via-a-vis the dollar, NRI buyers stand to gain by around 20%. Prices too […]

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