Tag: India Real Estate

Corporates Float Money To Attain Assets In Property Market

Expecting huge value erosion in the realty space, corporates have started to float new funds to acquire assets in the domestic property market. Corporates such as the Aditya Birla group, GMR Infrastructure, Akruti City, Bangalore-based Nitesh group and Saffron Advisors have either floated or are in the process of floating funds with corpus ranging between […]

Parsvnath To Go Slow On Land Buys

Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects. In its latest quarter, the BSE-listed Parsvnath added 66 acres of land. Pradeep Jain, chairman at Parsvnath, […]

Parsvnath Plans To Invest Rs 500 Crore For Land Acquisitions In FY 2009

Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects. In its latest quarter, the BSE-listed Parsvnath added 66 acres of land. Pradeep Jain, chairman at Parsvnath, […]

Real Estate TV In Talks with Leading Direct to Home Operators

Real Estate TV, a 24×7 TV channel committed to real estate and infrastructure, on 13th July said it is in talks with foremost direct-to-home operators, including Dish TV and TataSky, to beam its signals. “We are at initial stages of negotiations with DishTV, TataSky and Reliance. Most likely by next week we will be finalizing […]

Actis Will Invest $300 Million In Indian Real Estate

Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said. The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a […]

Alok Ind Resumes Talks To Sell 20% In Realty Arm To PEs

Alok Industries, the Rs 2,200-crore Mumbai-based textile firm, has resumed talks with private equity players to dilute about 20 percent equity it owns in its unlisted unit, Alok Infrastructure. A realty company, Alok Infrastructure has been looking at options to raise around Rs 600 crore for developing its large land bank, said sources. Alok Industries […]

India Real Estate Infra Fund Looking For $100 mn Mop-up End June

MUMBAI: Mauritius-based India Real Estate Infrastructure Fund’s first round of fund raising exercise will come to an end by June by which it plans to mop up one hundred million dollar. Launched in January, the fund targets a mop-up of two hundred fifty million dollar from across the world for private placements in Indian real […]

Saffron Group Wants Foremost Place In Realty Funding

Real estate private equity firm Saffron Group on 25th may said it has chalked out a two-sided plan to become a leading player in the market staying put for a minimum 5 yrs in upcoming properties and buying out properties with assured rental income. The Group, a brainchild of Ajoy Veer Kapoor and his peers […]

Old Mutual Plans 4 New Realty Funds

After life insurance and property services, the $4.5-billion Old Mutual is planning to significantly increase its investments in the Indian real estate sector and plans to come up with four new funds that will invest One billion billion dollar each or more by 2015.

Red Fort Plans Investment Of 2700crs

Private equity firm Red Fort Capital preparing to spend about Rs 2,700 crores in real estate by 2009, including acquisition of 2,500 acres of land in over 20 cities all over the country. “By 2009 we would have empowered about Rs 2,700 crores in expansion of projects in Indian real estate. Out of which, about […]