January 6, 2009 – 11:50 pm
Indiabulls Financial Services (IBFSL) on Tuesday said that it has released over 3% equity of Mumbai-based developer Akruti City as the real estate firm paid back a major part of its loan amount taken from IBFCL. Akruti had taken Rs 200 crore from IBFSL by pledging 6% of its equity for working capital requirement. IBFSL […]
November 18, 2008 – 3:44 am
Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon […]
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Also tagged Affordable Housing, Capital Expenditure, Development Sector, Divestment, Economic Scenario, Economic Summit, Estate Assets, Finance Market, First Hotel, Gurgaon, Hospital Chains, Hotel Business, Hotel Project, Hotel Projects, Hotel Properties, Housing Finance Companies, Housing Loans, Housing Market, Mahindra And Mahindra, Mahindra Group, Mid Market, Mr Chandra, New Houses, Ongoing Projects, Private Equity Funds, Private Equity Investor, Private Equity Investors, Rs 250, Target, Tie Ups, World Economic Forum
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Driving on the country’s first expressway connecting Mumbai with Pune is always a pleasure, so much so that people have started shuttling between the two cities daily. All this courtesy the swanky road’s meticulous upkeep by a company that was once a family-owned business doing road-building works for local bodies. At the helm of it […]
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Also tagged 10 Months, Bharuch, Bhiwandi, Business Enterprise, Family Owned Business, Golden Quadrilateral Project, Helm, Multiple Services, Mumbai, Partnership Model, Present Day, Public Private Partnership, Pune, Road Contractors, Road Sector, Rs 1, Showcase Projects, Upkeep, Virendra
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Global financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure, a wholly-owned subsidiary of Mumbai-based textile maker and retailer Alok Industries, according to banking sources. Alok Infrastructure’s SPV, which is receiving the JP Morgan funding, will develop a realty project at a prime […]
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Also tagged Alok Industries, Ceat, Formal Approval, Global Financial, Jp Morgan, Nagar Haveli, Plot, Prime Location, Prime Locations, Realty Companies, Realty Firm, Realty Firms, Silvassa, Spv, Textile Products, Union Territory
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German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million). Trikona has made returns of 115% in the transaction. In the Delhi-based Uppal IT park, SF raised its stake from 8% to 33%. In the Hyderabad-based […]
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Also tagged Asset Portfolio, Asset Value, Bandra, Binding Agreement, Development Platform, Divestment, German Bank, German Investment, Infrastructure, Kalra, London, Memorandum Of Understanding, Public Sector Bank, Realty Fund, Redevelopment Project, Retail Project, Stock Exchange, Transaction Value, Trikona Capital
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