Tag: Market Situation

IL&FS raises 895 million dollar

December 9, 2008 – 3:45 am

Indian private equity firm IL&FS Investment Managers Ltd has raised $895 million for a new realty fund, tapping global investors despite the global financial turmoil and falling property markets. The firm, one of India’s oldest private equity players, is also pulling money together for the first tranche of an Asia infrastructure fund, which it hopes […]

By | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , | Comments Off on IL&FS raises 895 million dollar

Parsvnath postpones its retail forays

November 6, 2008 – 6:58 am

Parsvnath Developers Ltd, the New Delhi-based real estate developer, has postponed its retail forays due to the current economic slowdown. The company, according to a senior official, would further re-evaluate the market situation to continue the initial plan. Meanwhile, the company is close to finalize the SEZ stake sale to private equity investors. Pradeep Jain, […]

By | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Parsvnath postpones its retail forays

Lehman Fall May Deepen Indian Realtors’ Credit Woes

September 16, 2008 – 2:28 am

Lehman Brothers’ bankrupcy is likely to cost Indian real estate. It may impact the financial major’s existing investments worth $500 million in realty firms, including DLF and Unitech, besides drying up another $500-million worth of potential investment which was expected to flow into Unitech’s Mumbai projects. The news of Lehman’s collapse brought the BSE realty […]

By | Posted in Property News | Also tagged , , , , , , , , , , , , , , , | Comments (1)