Tag: Citigroup

Citigroup downgrades Indian Hotels to ‘hold’ from ‘buy’

December 8, 2008 – 12:16 am

Citigroup has downgraded Indian Hotels to ‘hold’ from ‘buy’ rating with a target price of Rs 47. The downgrade is based on lower earnings estimates to take into account the recent terror attacks in Mumbai, which will lead to temporary shutdown of the company’s flagship property in Mumbai and likely lower occupancy of the company’s […]

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Golden Gate Bets On Low-Cost Housing

August 25, 2008 – 7:52 am

Citigroup-backed Golden Gate Properties plans to invest close to Rs 2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs 500 and equity, Golden Gate managing director K Pratap said. The Bangalore-based developer on […]

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US Housing Crisis Melts Indian Realty Valuations

April 19, 2008 – 1:46 am

The sub prime crisis may have struck in the US, but real estate companies around the world are feeling the heat. The meltdown in property firms’ valuations in other economies, including India, China, Japan and the UK, has surpassed that of the US with Indian real estate companies witnessing one of the biggest falls. Some […]

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