Tag: Managing Director

ASK group plans offshore fund

Real estate fund house ASK Property Investment Advisors has said it is planning to raise an offshore fund to invest in Indian real estate projects. The company has already committed $40 million (Rs 200 crore) out of its second domestic fund. It has formed a subsidiary in Singapore that will be raising this offshore fund. […]

DLF in talks to sell Mumbai land

DLF, India’s top-listed realtor, is in talks with three Mumbai-based real estate companies – Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, according to a report on Friday. While DLF is seeking a valuation of 30 billion rupees ($571 million) for the 6.8 hectare property, the potential buyers are negotiating at between 20 billion […]

Mirah to Grow Realty, Double Presence in Food and Beverages

Mirah Group, a diversified business group with interests in food and beverage (F&B), hospitality, travel and international trading, is scaling up its real estate business and consolidating it under a single entity, said a top executive. The group, which runs popular restaurant chains and food stores including Rajdhani, Mad over Donuts and Manchester United Cafe […]

Lemon Tree: 100 hotels in India by 2020.

Lemon Tree Hotels plans to open 100 hotels in India by 2020, with a total room capacity of 10,000. The company also said it has put on hold plans to foray into real estate in partnership with US-based investment firm Warburg Pincus. “By 2020 we plan to open 100 hotels in India with an inventory of […]

This Navaratra, buyers are back in Real Estate Sector.

  Buyers are back in the realty market this Navaratra, lending credence to this festive season’s reputation as a golden period for business in this sector. There is flurry of activity in the offices of realty firms as buyers are coming out to seal deals. The mood is likely to remain upbeat till the end of […]

Brokers from Realty Sector bail out Real Estate Developers with buyback deals.

The prices are not moving up in metros for more than a year now and the buyers including investors are staying away from making a purchase decision, so brokers are in a fix currently. An Industry watcher said that the Real Estate Developers are facing a cash crunch in the NCR and Mumbai Metropolitan Region […]

Realty Sector faces Disappointment.

The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting up of a Credit Guarantee Trust Fund to ensure better flow of institutional credit for housing loans. The Minister also proposed to […]

Launch of Real Estate Ratings

On Thursday, Crisil, the leading credit ratings agency, introduced real estate ratings in order to help buyers in making informed purchases so that greater transparency can be achieved. This concept of rating is launched for the first time by any Indian organization. Roopa Kudva, the Managing Director and Chief Executive Director of Crisil, told that […]

Report on Godrej Properties

Last Monday, Adi Godrej, Group Chairman of the realty developer Godrej Properties admitted that on June 30, their net debt was reduced to Rs. 4 billion. He added that the balance sheet is really comfortable with the debt equity ratio of 0.5: 1. As per the data revealed by Managing Director of Godrej Properties, Milind […]

Tata Housing and Tata Realty Acting as Competitors

April 26, 2010 The two companies Tata Realty and Tata Housing belonging to Tata Sons Ltd. are competing with each other which are doing nothing but hindering Tata Sons on a whole.  Therefore, Tata Sons is asking them to avoid this competition. Tata Housing Development Co. Ltd was established so as to develop and sell […]

TDI comes up with an EMI Scheme

TDI Infrastructure Limited (TDIL), one of India’s leading real estate developers, today launched a special scheme for the customers who wish to invest in its lifestyle apartments – ‘Kingsbury Terraces’. This one of its kind scheme will enable the prospective buyers to own the lavish apartment settings for just Rs. 9 lacs whereas the rest […]

Realtors shift focus to budget housing

Declining sales, high interest rates, paucity of funds and global economic slowdown have badly impacted the real estate sector which is witnessing not only sudden slump in demand but also is at the receiving end in the stock market. Freebies in the shape of luxury sedans, offers of foreign trips, 15%-20% discount or deferred payments […]

TDIL’s scheme for customers

TDI Infrastructure Ltd (TDIL) has announced a scheme for customers who wish to build their homes by offering subsidized construction and assured rentals. A first of its type scheme, Build and Earn, will enable plot owners of TDI City, Kundli, to build their dream house while enjoying a rebate of about 20-25% on the overall […]

Parsvnath Launches Parsvnath Premier In Indore

Parsvnath Developers Limited (PDL), India’s leading Real Estate Company with pan India presence having diversified portfolio has announced the launch of Parsvnath Premier a Group Housing project in Parsvnath City, Indore. The Group Housing project spread over an area of 6.3 acres is strategically located in Indore adjoining NH-3 and AB Bye Pass, Mangliya. The […]

Saffron Asset To Launch Three New Funds

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. […]

Jain Housing Launches Residential Projects

South-based Jain Housing and Constructions have launched its two mega residential ‘Carlton Greek’ projects. Company’s CEO Vijay Kumar Managing Director Sundeep Mehta said that company will construct 1,120 apartments in two phases investing Rs 950 crore. He said that the project would be completed by 2011. The company’s last year turnover was Rs 280 crore […]

No Price Reduce-Parsvnath Developers

Parsvnath Developers Ltd has no plans to reduce prices of its properties, a top official of the real estate company said on 16th July 2008. “There is no question of reducing prices at all. Prices have to go up,” Pradeep Jain, chairman and managing director said. He also said rising input costs would be passed […]

NRIs Thinking Of Coming Back To India

Home sales in India might have turned slow but sales to NRIs is on boom continuously. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last half year, from 3% to 10% of the total business. Lodha Group senior Vice President R. Kartik said, “What would happen when one […]

Oberoi Constructions Expands Garden City

Oberoi Constructions Private Ltd is well-known as leading developer. Now Oberoi group is on the way of expansion. They have decided to set up three ‘Oberoi Garden city’ township in Bangalore, Pune and Hyderabad. Initially they started ‘Oberoi Garden city’ project for Gurgaon east and Mumbai. New three townships will start with an area size […]