Tag Archives: Realty Fund

FIRE Capital To Invest In Affordable Housing

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 [...]

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Slowdown Of Real Estate Market Affecting Deals

July 10, 2008 – 5:30 am

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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German Bank Invests Rs 607 Crore In Trikona Projects

May 14, 2008 – 5:28 am

German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million). Trikona has made returns of 115% in the transaction.
In the Delhi-based Uppal IT park, SF raised its stake from 8% to 33%. In the Hyderabad-based residential [...]

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Landlords Build Riches On EMIs

February 22, 2008 – 1:08 am

Person owning flats in Mumbai are taken as privileged one. The owner-tenant divide is almost as pronounced as the rich-poor divide.
Mr. Shishir Baijal, managing director of Kshitij, the realty fund of Future Group, earns a big amount, but still he is a tenant. He has no home of his own. He stays in 3500 square [...]

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