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
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Posted in Property News
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Also tagged Bank Of India, Banks, Capital Markets, Commitments, Downturn, Economic Slowdown, Financial Vulnerability, Funding Sources, Indebtedness, Inflation, Interest Rates, Lifeline, Private Equity, Reserve Bank Of India, Sectors, Select Real Estate, Workable Solution
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October 15, 2008 – 1:33 am
With the domestic bourses taking cues from global markets, the realty stocks on Wednesday dipped 3.70% as bearish sentiments gripped the market.
The realty index opened at 2,720.59 points and touched an intra-day low of 2,701 points in the first few minutes of trade. It was later quoting at 2,716.17 points, down 3.16%. Led by Indiabulls [...]
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 index [...]
By rajani
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Posted in Property News
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Also tagged Baliga, Country Allocations, Credit Crisis, DLF, Fire Sale, Global Fund, Group Company, Hyderabad, Initial Investment, Lehman Brothers, Market Situation, New Projects, Promoter Group, Sensex, Stock Broking, Unitech
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August 26, 2008 – 12:52 am
Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build [...]
By admin
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Posted in Property News
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Also tagged Bank Of India, DLF, Gayatri Projects Ltd, Gvk Industries, Infrastructure Companies, Infrastructure Development, Infrastructure Investments, Inter State, Market Capitalization, Nagarjuna Construction, National Highways Authority, Omaxe Ltd, Real Estate Sector, Reserve Bank Of India, State Highways
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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, Real Estate Developer, Redevelopment Project, Redevelopment Projects, Slum Areas, Slum Dwellers, Slums, Urban Development
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A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block.
A developer has put on the block a 200-room hotel project in [...]
By rajani
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Posted in Property News
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Also tagged Akshay, Cushman And Wakefield, Foreign Hotel, Glamorous Hotel, Hospitality Business, Hospitality Sector, Hotel Business, Hotel Chains, Hotel Project, Hotel Projects, Hotel Room Rates, Knight Frank, Management Contract, Payback Period, Rajeev Menon, Realty Cos
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Global financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure, a wholly-owned subsidiary of Mumbai-based textile maker and retailer Alok Industries, according to banking sources.
Alok Infrastructure’s SPV, which is receiving the JP Morgan funding, will develop a realty project at a prime location [...]
By rajani
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Posted in Property News
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Also tagged Alok Industries, Ceat, Crore, Formal Approval, Global Financial, Jp Morgan, Nagar Haveli, Plot, Prime Location, Prime Locations, Realty Companies, Realty Firm, Silvassa, Spv, Textile Products, Union Territory
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Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab.
The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB.
Punjab State Electricity Board (PSEB) through Punjab [...]
By rajani
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Posted in Property News
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Also tagged Amp, Bathinda, construction, Construction Marketing, Five Star Hotel, Hotel, Hotel Project, Idc, Infrastructure Development, Kashyap, Pseb, Punjab State, Realty Companies, State Electricity Board
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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 [...]
