Tag: India Real Estate

Realty Developers Seek More RBI Rate Cuts

May 7, 2013 – 6:10 pm

Recently Reserve Bank of India has cut its rates by 0.25 per cent. However this has not satisfied the realty developers, who say that the rate cut is insufficient to boost home sales. Reserve Bank of India has recently cut its rates by 0.25 per cent. Though the realty developers welcomed the RBI move, they […]

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Saffron Asset To Launch Three New Funds

September 2, 2008 – 1:16 am

Saffron Asset Advisors, a private equity player, is planning to launch three new funds in hospitality, logistics and infrastructure early on 2010. Ajoy Veer Kapoor, founder and managing director, Saffron Asset Advisors told FE, “We are planning a five hundred million dollar infrastructure fund, and will introduce two hundred million dollar hospitality and logistics funds. […]

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Sobha Sells 40% In Bangalore Project

July 3, 2008 – 7:06 am

Sobha Developers Ltd leading real estate company said on 02nd July it has sold forty percent stake in an forthcoming Bangalore project to Dubai’s Pan Atlantic LLC for ten million dollar. Sobha plans to develop a 1.7-million-sq ft residential township at the plot in south Bangalore. A senior company official said the present value of […]

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Real Estate Business In South India

June 19, 2008 – 6:09 am

Real estate business is still not in full swing like other cities such as Hyderabad and Bangalore in south India. Builders are slowly shifting their attention towards real estate businesses in the city of Chennai. Only since the past decade, the Chennai builders have been securing the city with good looking ventures. The basic theme […]

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PE Money Coming In Full Flow Into Indian Realty

May 27, 2008 – 3:54 am

The private equity (PE) graph in India’s real estate sector is growing as high as its skyscrapers. The first five months of 2008 have PE commitments in Indian real estate companies surpassing the total PE investments committed in the whole of 2007, which is $3 billion. Experts say PE funding in the second half of […]

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Parsvnath sells 30 % stake of Mumbai project

April 17, 2008 – 6:33 am

MUMBAI – Real estate firm Parsvnath Developers Ltd has sold thirty percent stake in a Mumbai project to foreign funds for 1.86 billion rupees, the company said in an announcement on Thursday. Shares in the company hit a high of 217.65 rupees on the news, and were trading 4.57 % higher at 216.30 rupees. Parsvnath […]

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Provogue Sells 27 Percent Stake In Realty Unit To Fund

April 1, 2008 – 7:02 am

Apparel retailer Provogue India Ltd said on Tuesday it has sold 27 percent stake in a unit of real estate arm Prozone Enterprises Pvt Ltd for 4.57 billion rupees. The stake has been acquired by Triangle India Real Estate Fund, promoted by Old Mutual Investment and ICS Realty.

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