November 13, 2008 – 2:26 am
India has always been a property oriented market. Irrespective of all the industries that have been booming, money flow into real estate has been steady and consistently increasing. In fact, people make money in their respective professions and most of the profits go back into property in India. That has been the way things have [...]
By rajani
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Posted in Property News
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Also tagged agra, Apple, Associated Industries, Bareilly, Big Apple, Big Time, Business India, Company Director, Good Times, Indians, invest, Investments, kanpur, lucknow, Meerut, Money Flow, Paradigm Shift, Phoenix United, Preferred Destination, Professional Company, Professional Real Estate, Professions, Profits, Property In India, Real Estate Management, Real Estate Management Companies, Real Estate Sector, Realty Companies, Residential Property, Thought Process
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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, chairman, [...]
By rajani
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Posted in Property News
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Also tagged 4 Months, Balance Sheet, Current Economic Slowdown, Dilution, Diversification, Expansion Plans, Food Joints, Foray, Forays, Hypermarkets, Initial Plan, International Partner, Market Situation, Parsvnath Developers Ltd, Private Equity Investors, Retail Partner, Retail Plans, Retail Space, Retail Stores, Square Feet
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October 3, 2008 – 11:26 pm
As affordable housing is becoming the new mantra for real estate developers, the concept is attracting a lot of attention from the real estate funds fraternity. The $250-million First Indian Real Estate (FIRE) Capital Fund Ltd is making its first deal in the segment.
According to industry sources FIRE Capital is currently in the due diligence [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Ahmedabad, Due Diligence, East India, European Markets, Housing Project, Industry Sources, Mantra, Permutations And Combinations, Real Estate Developers, Realty Fund, Ticket Size, Tier II, Venture Capital Fund, Venture Fund, West Bengal
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September 25, 2008 – 12:25 am
Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Bangalore and Hyderabad.
According to a senior official of the IL and FS backed QVC, it plans to use [...]
By rajani
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Posted in Property News
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Also tagged Acre Plot, Bangalore, Chikmagalur, Close Proximity, Current Projects, Gurgaon, Hyderabad, Karnataka, Prakash, Promoter, Qvc, Residential Project, Sobha Developers, Spv, Stages Of Development
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August 23, 2008 – 5:38 am
MPC Energy, a JV between Germany-based MPC Capital and Switzerland-based Synergy Asset Management, has invested Rs 1,300 Crore in the purchase of equity in special purpose vehicles floated by Phoenix Mills, a real estate developer. 70% of the investment is expected to be used for fifteen projects that are in development stages, while the remaining [...]
By rajani
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Posted in Property News
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Also tagged Chennai, Corporate Identity, Entertainment World, Equity Stakes, Foreign Direct Investment, Hotels In Mumbai, Hotels Phoenix, JV, Luxury Hotels, Phoenix Mills, Pipeline, Pune, Purpose Vehicles, Shangri La, Special Purpose, Synergy Asset Management, Udaipur, World Developers
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August 20, 2008 – 9:39 am
A Delhi based real estate company, which claims to have transformed the dreams of several of its customers to reality, is being trampled by a leading Mumbai-based NBFC.
The promoters of the real estate company had pledged its shares with the NBFC and accepted a funding of Rs 300 crore to meet its short-term working capital. [...]
By rajani
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Posted in Property News
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Also tagged Bad Debt, Borrowings, Circles, Dreams, Market Sources, Mumbai, NBFC, Promoters, Real Estate Company, Share Prices, Shares, Stock Price, Working Capital
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Delhi Development Authority (DDA) is firming up an elaborate plan for slum redevelopment projects in the capital. It has appointed consultants to prepare reports on the redevelopment of 30 slum clusters.
The developer is expected to build houses for the slum dwellers and in return gets a portion of the total space for development which it [...]
By rajani
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Posted in Property News
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Also tagged Akruti, Delhi Development Authority, Delhi Development Authority Dda, Delhi Government, Dharavi, Omaxe, Private Developers, Raheja Developers, Realty Firms, Redevelopment Project, Redevelopment Projects, Slum Areas, Slum Dwellers, Slums, Urban Development
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Vipul Ltd India’s leading real estate developer, has recorded revenues of Rs 81 crore for the quarter ended 30 June 08 an increase of 5% from seventy seven crore rupees in Q1FY08. EBITDA for the Q1FY09 stood at Rs 15.38 crore, up by 21 percent as compared to Rs 12.74 crore in the corresponding period [...]
With slowdown hitting the real estate sector, land/property deals appear to be falling like ninepins. The latest deal to come unstuck is one involving the K Raheja Universal group and Lupin.
According toSources the negotiations between the two parties for part of Lupin’s land at Boisar in Tarapur and Thane district, has fallen through primarily because [...]
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Posted in Property News
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Also tagged Citra, house, K Raheja Universal, Kalyan, Land, Lupin, Pharmaceutical Firms, Real Estate, Real Estate Sector, Realty Fund, Tarapur, Thane District, Universal Group
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After losing more than 71% of its market cap in the past six months, the country’s largest real estate developer DLF has announced a share buyback.
The company is likely to spend around Rs 500 crore on the buyback programme, which will result in around 1 crore shares (equivalent to 0.6% equity stake) getting extinguished.
The quantum [...]
Vipul Ltd, India’s leading real estate developer, has recorded consolidated revenues of Rs 288.49 crore for the period March 31, 2008 an increase of 35% from Rs 214.37 crore in FY07. EBITDA for the FY08 stood at Rs 73.76 crore, up by 7.87% as compared to Rs 68.38 crore in corresponding period last year. Net [...]
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Posted in Property News
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Also tagged Bhubaneswar, Ebidta, Equity Share, Leading Real Estate, Manesar, Operating Margins, Residential Hotel, Siliguri, Vipul Limited, Wachovia, Wachovia Corporation
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It is now become essential to standardize real estate. Builders and developers are not averse to the idea of a regulator in the real estate sector.Credai president Mr. Kumar Gera said that developers want a regulator to discourage the dishonest players from entering the sector. Mr. Gera further said that Credai has made a number [...]
City-based real estate developer PS Group is setting up an IT park in Sri Lanka with an investment of $80.4 million.
The company has entered into a joint venture with Sri Lanka Institute of Technology and Infinity Parks Ltd, another city-based real estate company, to develop this project.
Mr. Pradip Chopra, chairman and managing director of PS [...]
By rajani
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Posted in Property News
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Also tagged Agricultural Land, Bank Ltd, Bengal, coimbatore, Hedge Fund, Indirect Employment, Institute Of Technology, Joint Venture, Joint Ventures, Ps Group, Pune, Residential Project, Retail Space, Sampath Bank, Service Sector, Special Economic Zone, Sq Ft, Sri Lankan, Technology Park
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Real estate developer BPTP Group has paid Rs 1000 crore to the Noida authorities as the first instalment for its ambitious 95-acre project.
The privately held developer said that the rest of the payment, of Rs 250 crore, would be made very soon.
DNA Money had last week reported about BPTP making the payment early this week.
After the US, India is worst-hit market when it comes to the postponement of IPOs in the first quarter of 2008. Out of the twenty four billion dollar worth of IPOs that were postponed, US accounted for $6.12 billion while the figure for Indian companies stood at $5.98 billion. The decision to defer or shelve [...]
Phoenix Mills is in the final stage of acquiring three thirty acre plots in Ahmedabad, Hyderabad and Nashik for around eight billion rupees. The company plans to develop malls and entertainment zones on these lands.
It is learnt that the deal is likely to be sealed in the next few weeks.
The Mumbai-based real estate developer is [...]
Brigade Enterprises, a Bangalore-based real estate developer, has bagged 5 acres in Kochi to build up IT office space. The company acquired the land in the processing area of Kochi’s Info Park Special Economic Zone (SEZ).
Government of Kerala will develop IT Park in Kochi which will be known as Info park. For the project, the [...]
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
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Posted in Property News
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Also tagged Capital Partner, Commercial Space, Global Property, Indore, Investment, Investment Officer, Lifestyle, Market, Mumbai, Panvel, Price, Private Equity, Property Consultant, Sport
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The real estate developer Housing Development and Infrastructure Limited got the government approval for the popular Mumbai airport slum rehabilitation programme. Mr. Sarang Wadhawan, HDIL Managing Director said, “The tenement limit has been increased from 225 square feet to 270 square feet . As the size of the tenement has gone up, the transfer of [...]
Real estate developer Rakindo Developers has unveiled its plan to build a $1.5 billion (Rs 6,000 crore) integrated township at Coimbatore. It is expected to be ready for launch by the last quarter of 2008. Mr Prasad Koneru, MD, Rakindo Developers, told that the flagship project of Rakindo Developers in the texcity will be developed [...]
By rajani
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Posted in Property News
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Also tagged coimbatore, Developer, Flagship Project, Golf Course, Hole, Hospital, Infrastructure, Koneru, Residential, Town, Villas
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BANGALORE – IBM Corp plans to make better growth in India as part of its strategy to improve focus on promising markets and as local companies spend more on technology to cut costs and improve efficiency, an official said on Tuesday.
February 1, 2008 – 8:07 am
Parsvnath Developers Limited is the most diversified and widespread real estate developer in India. It has 115 continuing projects with a developable area of over 191 mn sq.ft. Parsvnath Developers has been in the market for more than 20 yrs.Â
On Jan 02, 2008, Parsvnath Developers has declared that the Company has got LoI from Director Town [...]
