Tag: Special Purpose vehicle

Matheran Realty To Sell Residential Units At Karjat

August 12, 2008 – 4:22 am

Property developer Matheran Realty said that it will sell 15000 residential units in its Karjat project at Rs 999 a square feet. The company is setting up Rs 900-crore mixed-use project at Karjat on 100 acres of land. Pravin Banavalikar, Chief Executive Officer, Tanaji Malusare City said, “The project will have 10%-15% reserved for commercial […]

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PEs, FIIs Ready To Buy Equity Stake

July 21, 2008 – 5:09 am

Real estate funds, PE players and foreign institutional investors are exploring options to buy equity stakes in listed realty companies, as valuations of these companies have fallen by over 65% during the past three months. The move has also come as a blessing in disguise for these realty companies who have been finding it difficult […]

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Mahindra, Billimoria To Develop MIHAN

May 6, 2008 – 7:25 am

Mahindra Lifespaces and B E Billimoria have won a bid to develop a 25 acre residential project at Multi-modal Internal Hub Airport (MIHAN) at Nagpur. The consortium will form a special purpose vehicle to implement the project with Mahindra Lifespaces holding 70% stake and 30% equity stake held by B E Billimoria.

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Emaar’s Three SPVs.

May 2, 2008 – 7:21 am

Goldman Sachs, Deutsche Bank and another financial investor are thinking to make a shared investment of eight hundred million dollar in three special purpose vehicles being created by real estate major Emaar MGF. Each SPV will have one financial investor. Delhi-based developer is in advanced talks with private equity players and is likely to close […]

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