December 6, 2008 – 12:13 am
India’s troubled realty firms may soon be thrown a lifeline, with the Reserve Bank of India indicating that banks consider providing support to large real estate companies.
Recently, the regulator wrote to select banks telling them to assess the financial support given to builders and to finalize a workable solution, a senior banker said. The realty [...]
By rajani
|
Posted in Property News
|
Also tagged Bank Of India, Banks, Capital Markets, Commitments, Downturn, Economic Slowdown, Financial Vulnerability, Funding Sources, Indebtedness, Inflation, Interest Rates, Lifeline, Realty Firms, Reserve Bank Of India, Sectors, Select Real Estate, Workable Solution
|
September 21, 2008 – 11:42 pm
Indian property prices, which had taken off jet appears to be losing altitude after bad debts because of their origin to the real estate reduced the U.S. financial market to its knees.
Market-men see prices cooling and projects are blocked because of lack of funds cheap, but do not expect the market crash.
The collection of funds [...]
By rajani
|
Posted in Property News
|
Also tagged American Investors, Anuj Puri, Bad Debts, Bank Of America, Banking And Financial Services, Collapse, Commercial Real Estate, Commercial Space, Global Real Estate, Investment Banker, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Large Portion, Lehman Brothers, Market Crash, Merrill Lynch, New Avenues, Western Europe
|
September 10, 2008 – 3:20 am
With growing foreign investments in the country’s real estate market, long-term prospects of the sector look brighter, HDFC Chairman Deepak Parekh said.
“Long-term prospects of commercial real estate market continue to be positive owing to growing opportunities in sectors like healthcare, hospitality, logistics and education,” Parekh told reporters in Mumbai.
There is sufficient interest from foreign investors [...]
By rajani
|
Posted in Property News
|
Also tagged Commercial Real Estate, Deepak Parekh, Enormous Demand, Fence, Financial Instruments, Foreign Direct Investment, Foreign Investments, Foreign Investors, Housing Shortage, Interest Rates, Ipo Market, Logistics, Mumbai, Real Estate Sector, Real Estate Sectors, S Real Estate, Saturation, Segment, Term Prospects
|
LIC Housing Finance, the mortgage arm of Life Insurance Corporation of India (LIC), is set to foray into the venture capital arena. It intends to start Rs 500 crore real estate fund by the end of this financial year.
LIC Housing Finance is reportedly scouting for a banking partner for raising capital and will soon approach [...]
Sobha Developers, a Bangalore-based realty major focussed on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects.
Mr. Raghav Menon, Executive director, said that the company would build an SEZ in either Tamil Nadu or Kerala. He said, “We haven’t decided on the place [...]
By rajani
|
Posted in Property News
|
Also tagged Bangalore, Commercial Projects, Crunch, Hyderabad, Investment, Joint Venture, Land Acquisition, Liquidity, Mysore, Orissa, Pune, Residential Space, SEZ, Slum, Special Economic Zones, Tamil Nadu
|
Landmark Group declared that it would invest approx four thousand crore rupees in developing twelve properties across the north India in the coming three to four years.
Mr. Amit Kumar, Director, Landmark Group, said,“Currently, our twelve projects are undergoing in the North, which will be completed in the next three to four years. We will be [...]
By rajani
|
Posted in Property News
|
Also tagged Accruals, Amit Kumar, Bawal, Budget Hotel, Dharuhera, Gurgaon, Hotel, Hotels, Landmark Group, Ncr, North India, Own Resources, Participation, Private Equities
|
Real estate developer Nirmal Lifestyle is planning to develop 20 townships across India.
The company has marked an investment of $5 billion for the first phase, which includes five townships under the brand name of Lifestyle City, a company release said. Spread over 300-1,000 acre, the phase I townships will come up one each in Pune, [...]
By rajani
|
Posted in Property News
|
Also tagged Capital Partner, Commercial Space, Global Property, Indore, Investment, Investment Officer, Lifestyle, Market, Mumbai, Panvel, Price, Property Consultant, Real Estate Developer, Sport
|
Goldman Sachs, Deutsche Bank and another financial investor are thinking to make a shared investment of eight hundred million dollar in three special purpose vehicles being created by real estate major Emaar MGF. Each SPV will have one financial investor.
Delhi-based developer is in advanced talks with private equity players and is likely to close three [...]
By rajani
|
Posted in Property News
|
Also tagged Current Market, Emaar MGF, Financial Investor, goldman sachs, Indiabulls, Investment, Investor, Market, Real Estate, Real Estate Investment Trusts, Real Estate Sector, Special Purpose vehicle, Spv, Unitech
|
Mr. Abhinandan Lodha, Director, Lodha Group (Bloomberg), confidently said in mumbai that their aim are to raise $2 billion over the next two years from private equity investors and an initial sale of shares to fund its growth.
The developer, which has received investments by JPMorgan Chase & Co. and Deutsche Bank AG in the past [...]
April 11, 2008 – 12:18 pm
Real estate and textile firm Modern India Ltd said it is in talks with private equity players to dilute the founders’ stake and sell stake in its special economic zone unit.
Mr. V K Jatia, Chairman and Managing Director, Modern India Ltd, said, “We are in talks with 2-3 players, and we will finalize in the [...]
February 1, 2008 – 1:59 am
Akruti City Limited (ACL) (formerly known as Akruti Nirman Limited), one of the leading real estate developers of India, has stated total income of Rs. 140.02 crores ensuing in a net profit (after tax) of Rs. 72.14 crores (EPS of Rs. 10.81) for the third quarter ended December 31, 2007
“Akruti City continues to register rock-hard [...]
