Last Monday, prospectus was filed according to which the Embassy Property Developers, an Indian real estate firm is planning to raise an amount of 513 million dollars through an IPO (Initial Public Offering) of shares. As per the prospectus, a pre-IPO placement of around 57.5 million shares for up to 11.75 billion rupees is being […]
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Also tagged Indian real estate, Initial Public Offering, IPO, pre ipo, Property Developers, Prospectus, Realty Firms, Retail Investors, Reuters, rupees, Shares
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January 6, 2009 – 11:50 pm
Indiabulls Financial Services (IBFSL) on Tuesday said that it has released over 3% equity of Mumbai-based developer Akruti City as the real estate firm paid back a major part of its loan amount taken from IBFCL. Akruti had taken Rs 200 crore from IBFSL by pledging 6% of its equity for working capital requirement. IBFSL […]
October 24, 2008 – 2:50 am
Indian real estate firm Unitech Ltd will make an announcement regarding a stake sale in its telecoms business next week, Managing Director Sanjay Chandra told. Unitech was in talks to sell a stake in the telecom venture to Norwegian telecom group Telenor. Unitech is scheduled to announce its second quarter results on Oct 31. Chandra […]
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Also tagged Chandra, Fiscal Year, Indian real estate, Norwegian Telecom, Oct 31, Profits, Stake, Telecom Group, Telecoms Business, Telenor, Unitech
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October 1, 2008 – 7:29 am
Real-estate firm Parsvnath Developers Ltd said on 30 september that it expects revenue of 2.10 billion rupees from a new housing project it launched at Dharuhera in the northern state of Haryana. The project, spread over thirteen acres, is likely to be completed by 2011, the company said in a statement. Earlier in the day, […]
Real-estate firm Omaxe Ltd sees borrowing costs rising by as much as 300 basis points this fiscal year as interest rates in the country rise. Executive Director Vipin Aggarwal said that the firm will raise 5 billion rupees in the year ending March 2009. A deteriorating sales environment for property companies may also weigh, he […]
Private equity real estate firm, Red Fort Capital, is planning to invest Rs 3,500 crore in various real estate projects in the country. “We will be investing Rs 3,500 crore in various real estate projects in different parts of the country during the next two-and-a half years,” the company’s Director, Parry Singh, said. The company […]
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Also tagged Capital Planning, Development Projects, Estate Projects, Housing Projects, II and III cities., Institutional Investors, Land Acquisition Development, Low Cost Housing, Red Fort, Sales And Marketing, Tier I
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Well popular land deal, BPTP, might be in trouble. According to top officials in the Noida administration as well as the real estate industry, the Delhi-based real estate firm BPTP is finding it extremely difficult to raise funds for buying the land.
Indiabulls Real Estate Ltd plans to invest 10 billion rupees to expand its retail business in the next 2-½ years. Mr. Gagan Banga, Group spokeman said that the real estate firm, which also houses the group’s retail and power businesses, expects lease rentals of 10 billion rupees from two of its properties under development in […]
Matheran Realty, A known Real estate firm, announced on Friday that it will build an integrated township at Karjat. The main aim behind this township is to cater for the need of the people with low income . The flats will be of sizes of 3 hundred to 5 hundred sq feet and priced at Rs 999 per […]
