Photo by bartmaguireIn a recent development the local partner of Mondon Investment Ltd. went bankrupt. Following the event Indian banks initiated a foreclosure proceeding against Fishman Holding’s Indian development arm project. They were to construct a mall in Ludhiana, Punjab. The project company ended up in violation of their financial covenants to banks after Mondon’s […]
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Also tagged Arm Project, Breach of Contract, Development Arm, Financial Covenants, Fishman, Foreclosure, Hectare, Indian Banks, Indian Partner, Investment, Ludhiana, Mondon, Proceeding, Punjab
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One of the leading apparels brand in India Provogue India announced to enter Real Estate on Friday. Provogue India with it’s joint venture Prozone enterprises has planned to build 300,000 sq. feet of Real estate property in Aurangabad. The project is stated to go on floor in October 2010. The Managing Director Mr. Nikhil Chaturvedi […]
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Also tagged Bombay, Buoyant Economy, chaturvedi, Cr, Indore, Malls, Managing Director, Mega Project, Nagpur., Nikhil, Provogue India, Real Estate One, Real Estate Property, Residential Projects, sq feet, Textiles
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January 13, 2009 – 1:21 am
Ambuja Realty will move ahead with the strategy to broaden its horizons into real estate, hospitality, life care and education at the period of economic slowdown. Mr. Harshavardhan Neotia, chairman of Ambuja Realty, said that the company had not deferred any projects. He said, “We are expanding in all business areas”. Since its inception couple […]
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Also tagged Bengal Ambuja, Business Areas, Calcutta, Crore Rupees, Development Ltd, Economic Slowdown, Foray, Gujarat Ambuja, Holcim, Horizons, Hospitality Segment, Housing Board, Housing Development, Inception, Maharashtra, Punjab, Rajarhat, Retail Projects, Siliguri
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November 20, 2008 – 1:28 am
Realty firm Sahara Prime City said it would raise Rs 2,000 crore in the next 12-18 months to part fund development of 217 integrated townships across the country. The company, which is planing to invest the amount in the first phase of the plan that will see development of 102 townships, is looking at both […]
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Also tagged Aamby Valley City, Banks Financial Institutions, Estate Business, Full Swing, Holding Company, Initial Public Offer, Mumbai, Private Equity Firms, Private Equity Investments, Promoters, Realty Firm, Sahara Group, Sandeep, Townships, Wadhwa
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August 29, 2008 – 2:17 am
Millennium Spire Limited, an “Alternative Strategies Fund” under the U.K.-based Millennium Global umbrella, on Thursday announced its foray into the Indian real estate sector unveiling its maiden platform for developments in the Indian market, Spire World, a platform that would drive development of mainstream green projects of Millennium Spire in the country. The unveiling of […]
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Also tagged Better Sense, Commercial Advantage, Eco Office, Foray, India, Indian Real Estate, Jaipur, Launch, Managing Director, Manesar, Millennium Spire, Newsmen, Real Estate Sector, Superiority, Umbrella, Uniqueness, Viability
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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 […]
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Also tagged Coimbatore, Commercial Areas, Edge Project, Estate Projects, India, Investments, 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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Delhi-based real estate developer and asset management company, Alpha G:Corp, key coalition associate in the pan-India conglomerate. G:Corp, has signed up a joint venture with property-owner in Punjab to conceptualize, design and develop the impressive Alpha One mega project in Amritsar. It will be spread over twenty five acres on G.T. Road. Alpha G:Corp was […]
Emaar Properties, the leading real estate company in the Middle East, is set to inject $150 million for a 20-25 % stake each in three real estate developments in India. According to Company spokesperson Emaar and MGF Developments of India set up a joint venture in 2005 called Emaar MGF, which presently accounts for India’s […]
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Also tagged Combined Development, Developments In India, Emaar Mgf, Emaar Properties, Estate Developments, Foreign Direct Investment, Leading Real Estate, Leading Real Estate Company, Middle East, Mohali, Property In Gurgaon, Purpose Vehicles, Real Estate Company, Retail Properties, Special Purpose, Stake
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PBEL Property Development (India) Pvt. Ltd. is new name for indian real estate. It is a joint venture of Property and Building Corporation (PBC), Electra Real Estate (ERE) and Indian developer INCOR Infrastructure. Over the last couple of months PBEL has purchased property worth thousand crore rupees plus across various cities in India. PBEL Property […]
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Also tagged Art Club, Bedroom Wardrobes, Dwellings, ERE, INCOR, India, Launch, Modular Kitchens, PBC, PBEL, PBEL CITU
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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 […]
Hilton Hotels Corp plans to put in three hundred hotels to the existing forty seven in Asia over the subsequent decade, as the firm looks for to catch up with its competitors and cash in on the boom in business and leisure travel in India and China, a media report on 25th June said. According […]
Mr Akshay Jain, CEO, Land Solutions (India) told on 21st June that by the end of FY 08-09, Indian citizens are expected to invest Singapore dollar (SGD) One hundred fifty million in real estate in Singapore. Land Solutions (India) is the Indian counterpart of the Singapore based real estate developer Far East Organization. According to […]
February 20, 2008 – 8:46 am
The withdrawal of an IPO by a big property developer in India earlier this month was just the latest sign of the growing difficulties companies world-wide are having tapping capital markets. But the message for the sizzling Indian real-estate development business was worse: get ready for a slowdown. Emaar MGF Land Pvt. Ltd. said it […]
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 […]
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Also 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, Malls, Retail Brands, Salvatore Ferragamo, Versace
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