September 5, 2008 – 7:34 am
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 the [...]
By Rajani
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Posted in Property News
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Also tagged Available Funding, Buyouts, Cash Crunch, Citigroup, Deepak Parekh, Development Finance, Distressed Real Estate, Downturn, Exorbitant Prices, Housing Development, Management Unit, Mortgage Lender, Portfolio Management Services, Real Estate Portfolio Management, Reconstruction Fund, Rising Interest Rates, Services Business, Takeovers, Top Mortgage
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September 1, 2008 – 5:52 am
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 thousand [...]
By manish
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Posted in Property News
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Also tagged Dankuni, Development Minister, District Administration, Dlf, Ppp Project, Public Private Partnership, Real Estate, Singur, Township Project, Urban Development, West Bengal Government
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August 29, 2008 – 2:16 am
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 also announced [...]
By manish
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Posted in Property News
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Also tagged Coimbatore, Commercial Areas, Edge Project, India, Investments, Joint Venture, Managing Director, Manesar, Millennium Spire, Millennium Spire Ltd, Private Equity Firm, Public Private Partnership, Real Estate Sector, Singapore, State Governments, Townships
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August 18, 2008 – 2:36 am
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 in [...]
By manish
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Posted in Property News
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Also tagged Barasat-Raichak Expressway, Diamond Group, Eden City, Housing Projects, Infrastructure Projects, Property Exhibition, Rajarhat, Real Estate Developers, Real Estate Developers Association, Residential Projects, Road Infrastructure, Salim Group
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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 and central [...]
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 it [...]
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 residential [...]
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 township is [...]
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 the [...]
By manish
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Posted in Property News
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Also tagged Aishwarya Rai, Amitabh Bachchan, Amjad Ali Khan, Deepika Padukone, Jairaj, Kasauti Zindagi Ki, Katrina Kaif, Kochi, Shah Rukh Khan, Shweta Tiwari, Tinsel Town, Yuvraj Singh
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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 Precoated [...]
By manish
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Posted in Property News
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Also tagged Demerger, Estate Assets, Ghatkopar, Jolly Brothers, Kanjur Marg, Precoated Steel, Real Estate, Residential Space, Special Purpose Vehicle, Steel Business, Steel Sheets
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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.
By manish
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Posted in Property News
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Also tagged Asia Fund, Asia Markets, Asian Markets, Beijing, Economic Fundamentals, Global Investors, Institutional Investors, Jakarta Office, Japan Korea, Pacific Star, Real Estate Investment, Southeast Asia.
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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 for [...]
By manish
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Posted in Property News
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Also tagged Association Of Foreign Investors In Real Estate, China, Crores, Foreign Investors, Global Investor, India, Investment Banks, January February, Jp Morgan, Perceptions, Real Estate Investments, Real Estate Market
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