Tag: Managing Director

Now Mirah to Grow into Realty Sector.

Mirah Group, a diversified business group with interests in food and beverage (F&B), hospitality, travel and international trading, is scaling up its real estate business and consolidating it under a single entity, said a top executive. The group, which runs popular restaurant chains and food stores including Rajdhani, Mad over Donuts and Manchester United Cafe […]

Lemon Tree: Plans to open 100 hotels in India by 2020.

Lemon Tree Hotels today said it plans to open 100 hotels in India by 2020. The company that currently owns and manages 18 hotels under Lemon Tree Premier, Lemon Tree and Red Fox brands also said it has put on hold plans to foray into real estate in partnership with US-based investment firm Warburg Pincus.. “By 2020 we […]

Buyers back in Realty Sector this Navaratra.

Buyers are back in the realty market this Navaratra, lending credence to this festive season’s reputation as a golden period for business in this sector. There is flurry of activity in the offices of realty firms as buyers are coming out to seal deals. The mood is likely to remain upbeat till the end of summer […]

Real Estate Invesment Trusts In Asia To Rise

The number of Real Estate Investment Trusts (REITs) in the Asian Continent is going to swell over the coming 3 to 4 yrs according to HSBC. It will be because of increasing call for investments in more risk disinclined properties. REITs invest in commercial properties mainly and pay rent collected from their properties to shareholders as dividend. This is […]

Provogue India Enters Real Estate

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 […]

Steel Prices Drop

The steel authority of India ltd(SAIL) cut its product prices on Tuesday by rs.1000-1,500 per tone.  This step was taken keeping in line with the global price movement as global steel prices have declined nearly 15 per cent over the last month owing to poor demand in the wake of European financial crisis. Mr. Atul […]

Investors ask Satyam to call off acquisitions

India’s fourth-largest IT services provider Satyam Computer Services was forced to reverse yesterday’s decision to diversify into real estate and infrastructure following strong shareholder protests that saw its stock price fall 30% on BSE. Satyam had proposed to acquire Maytas Properties and Maytas Infra, companies controlled and run by the promoter family, for $1.6 billion […]

Millennium Spire Enters Indian Realty

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 […]

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 […]

SEZ In Greater Noida, Haryana and Rajasthan By Ansal Properties

Real Estate major Ansal Properties and Infrastructure Ltd today said it plans to set up special economic zones in Greater Noida, Haryana and Rajasthan. “We are set to set up SEZs at Greater Noida, Haryana and Rajasthan and are organising a roadshow in the holy city of Varanasi to let the people know about our […]

Info Park Project In Cochin

Brigade Enterprises, a Bangalore based real estate developer has bagged 5 acres in Kochi to develop IT SEZ space. The Info Park Kochi is the IT Park developed by the Government of Kerala. Mr. M R Jaishankar, Chairman & Managing Director, Brigade Group, said, “We are glad to announce that we bagged the Info Park […]

Impact Of Interest Rate On Real Estate And Housing Loan

Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market. Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make […]

Land sale Talk Buoys Maharaja Shree Umaid Mills

Maharaja Shree Umaid Mills is close to selling off its 22000 square yards of property in downtown Jaipur, which housed its registered office. According to market sources, property is fetching the company around Rs 200 crore. Mr L. N. Bangur, Chairman and Managing Director of the company, told that until the company received the consideration […]