January 30, 2008 – 1:10 am
MUMBAI: The Reserve Bank of India’s (RBI) assessment not to slash interest rates has spooked real estate business facing the brunt of a housing business slowdown caused by the high cost of mortgage financing. RBI, on Tuesday, decided to keep interest rates unchanged in its third-quarter monetary policy review. Real estate companies were expecting a [...]
By manish
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Posted in Property News
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Tagged Bank Of India, Business Slowdown, Estate Business, High Interest Rates, Interest Rates, Loan Sales, Omaxe, Realty Stocks, Reserve Bank Of India, Residential Units, sobha developers
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January 28, 2008 – 7:07 am
Uppal Housing Ltd has planned to raise Rs 3000 crore fund through IPO i.e. Initial Public Offering of shares and pre-initial public offering placement this year for its ongoing projects. This plan will come to reality in second half of this year. Mr. Ajay Mangal, Director, Finance, Uppal Group said, “We are looking to dilute [...]
By Rajani
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Posted in Property News
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Tagged Goldman Sachs, Housing Company, Hyderabad, Initial Public Offering, IPO, Merchant Bankers, New Delhi, Private Equity Firms, Public Issue, Special Economic Zone, Uppal, Uppal Housing Pvt Ltd
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January 28, 2008 – 7:06 am
Sobha Developers is coming up with a residential project of 156-unit on the outer ring road Hebbal in north Bangalore. The project coming up on a 4.5 acre patch located behind the BEL corporate office on the outer ring road will attract a market-estimated investment of over Rs 100 crore. Mr. Raghav Menon, [...]
By Rajani
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Posted in Property News
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Tagged Apartment, Bangalore, Houses, Investment, Investment Project, Menon, outer ring road, Raghav Menon, Residential project, Residential Projects, Residential Space, sobha developers, Sobha Petunia
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January 28, 2008 – 7:04 am
21 January 2008, New Delhi: Parsvnath Developers has announced an investment of Rs 60,000 crore in coming five years in diversified areas such as SEZs, airports, express ways and retails business. Mr. Pradeep Jain, Chairman of Parsvnath Developers said, “We shall be bidding for upcoming airports such as Udaipur, Greater Noida, Maharashtra and other states. [...]
By Rajani
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Posted in Property News
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Tagged Airport, carrefour, club casino, Greater noida, Hotel, India, Maharashtra, Parsvnath Developers, Real Estate, SEZ, Udaipur
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January 28, 2008 – 7:02 am
19 January 2008. Emaar-MGF today introduced its new concept of style guide. This concept is named as “Street of Dreams”. It offers the buyers a preview of their concept villas, penthouse and apartments. Main aim of street of dreams is to provide different varieties to its customers. For [...]
By Rajani
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Posted in Property News
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Tagged Amritsar, Architects, Commercial Space, Concept villa, Corporate Communications, Emaar-MFG, Flagship Project, Gurgaon, Housing Units, Hyderabad, Initial Public Offer, Jalandhar, Mediterranean, Mohali hills, Penthouse, Punjab, Southern Spain, Street of dreams
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January 28, 2008 – 6:56 am
Jan 15’ 08, Mumbai. Reliance Power’s mega Initial Public Offering (IPO) worth Rs 11,700 crore was fully subscribed within minutes of the start of book building process. In fact, it was oversubscribed. It has received bids five times more than expectations. According to the market analysers, Reliance IPO will start with [...]
By Rajani
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Posted in Property News
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Tagged Aspirations, Crore, Doshi, Euphoria, Execution Capabilities, Grey Market, Including Real Estate, Infinity, Initial Public Offering, Initial Public Offering Ipo, Investment, Investment Manager, Rajesh Jain, Reliance IPO, Reliance Power, Retail Customer, Retail investor, Retail Investors, Rupees, Smc, Term Gain, Thomson Financial, Worth Rs
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January 28, 2008 – 6:51 am
18 January 2008, New Delhi. Ispat Industries is informally entering in to real estate industry. Ispat industry is known as a major steel producer industry and now they are planning to sell its property at Mumbai’s Peddar Road at a rate of about Rs 50,000 per sq. ft. Mr. Vinod garg, [...]
By Rajani
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Posted in Property News
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Tagged Captive Power Plant, Cushman And Wakefield, Director Marketing, Estate Business, Flat, Ispat Industries, Ispat Industry, Maharashtra, Memorandum Of Understanding, MoU, Mumbai, New Delhi, Power Plant Construction, Prime Locations, Property Consultant, Real Estate, Residential Property, Steel Producer, Thermal Power Plant, Valuations
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January 28, 2008 – 6:29 am
DLF is discussing with Ikea, world’s largest home furnishings retailer, for a bid to bring the Swedish brand into India. The developer is looking into the prospects of a joint venture with Ikea on a sharing ratio that was yet to be decided by the time this information had been published. The purpose of this [...]
By Rajani
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Posted in Property News
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Tagged Better Life, Business Strategy, Dlf, Foreign Retail Brands, Franchisee, Furnishing Products, Future Group, Gucci, Home Furnishing, Home Furnishings Retailer, Home Furnishings Stores, Home Improvement Stores, IKEA, Ikea Stores, Joint Venture, Malls, Retail Brands, Salvatore Ferragamo, Versace
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January 28, 2008 – 6:09 am
AV Birla Group is entering private equity business. It is expected that the first investment will be made within a fortnight. It is doubtful if the Mumbai based group, with presence in aluminum, copper, carbon black and financial services, will raise capital from outside for the proposed private equity activities. It seems [...]
By Rajani
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Posted in Property News
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Tagged Aditya Birla Nuvo, Aluminum, AV Birla Group, Bharat Banka, Birla Group, Business Purpose, Cfo, Corporate Finance, Financial Services Business, Future Group, Initial Contribution, Multinational Company, Offshore Funds, PE, Private Equity, Reliance Capital, Retail Business, Sumant, Sumant Sinha
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January 14, 2008 – 12:28 am
Union Minister of Commerce and Industry, Mr. Kamal Nath said that rapidly increasing real estate sector signifies the varying face of India, while addressing NATCON (National Convention) 2008. He said that in recent years service sector has directed Indian economy. Considering the recent economy growth, Mr Kamal spoke on the requirement of creating international standard [...]
January 12, 2008 – 7:56 am
Real estate is expecting $400-500 million worth of FDI flow. These expectations are being guided by the going on trends in investment industry. Investors and developers are showing their interests in metros as well as in smaller cities too. Investments are going on in Bangalore, Delhi-NCR, Mumbai and Pune because of the [...]
By Rajani
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Posted in Property News
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Tagged Credit Suisse, Delhi Ncr, FDI, Foreign Direct Investment, Foreign Investors, Global Investment Bank, Goldman Sachs, India Chapter, Investment Destinations, Investment industry, Lj Hooker, Malaysia And Singapore, North India, Real Estate Developers, Real Estate Investment, Real Estate Investors, Real Estate Sector, Realty Stocks, South East Asia, Special Purpose Vehicle
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January 12, 2008 – 5:55 am
Jan 09, 2008: Indian property is now in demand outside the India too. All India property exhibition will be held at the Kuwait Ramada Hotel on Jan 11 & 12, 2008. Various leading builders and housing finance organizations from India will take part. Large number of residential and commercial properties from all over India [...]
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