Tag Archives: Realty Firms

Major Realty Firm Now Bids For National Highway Project

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 [...]

Delhi Slums Propose Huge Business To Realtors

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 [...]

Six Hotel Projects Shelved

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 [...]

JP Morgan Chase Buys 33% In Alok Infra’s SPV

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 [...]

Five Realty Firms Submit EOI For Five Star Hotel

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 [...]

DLF To Spend Rs 500 Crore

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 [...]