Tag: Estate Projects

Fire Capital plans to invest more in realty

A well known real estate private equity fund, Fire capital is interested in investing three hundred million dollars in real estate projects.  Fire capital will invest it in country wide in next 3 years.  Major investment market will be in tier-II and tier-III cities for residential projects.  Fire capital CEO Om Chaudhary said,”We would invest […]

Mauritian firms to buy 60% in Forum Ventures

Mauritius-based Landmark Special Opportunities Company (LSOC) and Landmark Real Estate Fund (LREF) are picking up around 60% stake in Kolkata-based realty company Forum Ventures for close to Rs 100 crore, a person involved in the transaction said. The transaction involves issue of 10 crore fresh equity shares and transfer of the same to the two […]

Unitech is close to finalizing hotel deal

Unitech is close to finalizing a deal with the Ashok Hinduja group for the sale of its Gurgaon-based hotel for Rs 226 crore. The real estate player has been facing a cash crunch for almost a year. Last month, it decided to sell The Courtyard, its hotel property in Gurgaon, along with five other properties […]

Orissa episode of the Credai

The Orissa episode of the Credai has decided to reduce prices of their forthcoming housing projects by 5-10% in the coming 2 months in the wake of fall in raw material prices. The strategy comes close on the heels of a call given by Credai to more than three thousand of its members in the […]

HDFC Funds Look At Troubled Realty Projects

Chairman Deepak Parekh said that the property funds of Housing Development Finance Corp (HDFC) and its asset management unit have more than $1 billion of available funding and will look to buy distressed real estate projects. The funds are yet to buy any projects, but he said there could be opportunities within six months if […]

DLF Is Increasing Pressure On Government For Dankuni Township Project

Singur may be grabbing headlines, but it isn’t the only project where the West Bengal government has ‘landed’ itself in a mess. Another storm is developing just 20 km away from Singur, where DLF is growing annoyed with its proposed Dankuni township. The real estate giant has threatened to pull out of the thirty three […]

MSL Will Invest 200 Million Dollar In Indian Realty

Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year. MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas. The company […]

Better connectivity in sight, rush begins for suburbs

Distance is no longer a restriction for prospective buyers on the look out for a dream home. It seems people do not mind traveling a few extra miles as long as the location provides for convenience of commuting. With the announcement of a number of transport and road infrastructure projects, property prices are shooting up […]

GTC Signed A Term Sheet With DS Kulkarni

Pune-based DS Kulkarni Developers Ltd has inked a shareholders contract with GTC Cyprus to mutually develop a two hundred fifty acre multi-services special economic zone (SEZ) in Pune through a 50:50 joint venture. GTC Cyprus is the real estate company of the Netherlands-based Kardan Group. The Kardan Group has real estate projects in western eastern […]

L&T Ready For Realty Drive

Engineering and construction, L&T, currently has real estate projects worth $2 billion in hand, said sources familiar with its plans. Most of these projects are in the form of special purpose vehicles, joint ventures and contracts. The SPVs also include a Rs 2,500 crore project in Chandigarh, sources told. Separately, Larsen & Toubro announced that […]

Ruchi Group Will Construct 796 Luxury Apartments In Kolkata

Ruchi Realty Holdings Pvt Ltd, a business enterprise of the city-based Ruchi group of industries, has embarked on a four hundred fifty crore rupees real estate project for construction of seven hundred ninety six luxury apartments in Kolkata. Ruchi Realty Vice-President S. Asthana said no 10th june that the project would have the first Sports-based […]

DLF Township At Dankuni Fate Uncertain

The fate of the prestigious Rs 33,000-crore DLF township at Dankuni has become uncertain. “The project will not be implemented if the Opposition party and landowners are not ready for it,” urban development minister Asok Bhattacharya said on Tuesday as Trinamool Congress chairperson Mamata Banerjee demanded that the state withdraw the acquisition notice. The proposed […]

Stars Are Selling Dream House

Bollywood celebrities don’t just peddle dreams but also dream homes. Real estate developers are now banking on the star power of the likes of Shah Rukh Khan, Amitabh Bachchan and Aishwarya Rai to endorse their projects. Deepika Padukone is the latest to join these marquee names. Aspire Real Estate, a Dubai-based developer, has signed up […]

Shree Precoated To Separate Its Steel Business Into Separate Company

MUMBAI: The Ajmera group-controlled Shree Precoated Steels, which has interests in real estate and steel, has taken a decision to hive off its steel business into a separate company. This will be a reverse merger as the Mumbai-based group had earlier merged its real estate assets with Shree Precoated Steels. The group will rename Shree […]

Pacific Star to raise $2 Billion for Asian Real Estate

Pacific Star, a Singapore-based Asian Real Estate Investment house, says it is raising $2 billion for its new Asia Fund Select Concept Fund. The fund will be the first of its kind in real estate investment, being open-ended and targeted at institutional global investors.

India- A preferred Real Estate market for Global Investor

According to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) India is one of the most preferred property market among foreign investors globally. This report is from January/February 2008 (AFIRE) news letter. India is preferred by 16.7 per cent of the respondents favoring the country as the most fancied place […]