In what would be the first major fund infusion into the Emaar MGF Group after a failed IPO, one of its promoters, Dubai-based Emaar is learnt to be investing $150 million to pick 20-25% stake each in three real estate projects of Emaar MGF. This would be separate from its equity contribution in the JV […]
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Also tagged Commercial Projects, Commercial Retail, Emaar Mgf, Gurgaon, Home Buyers, Hospitality Sector, IPO, JV Partner, Lehman Brothers, Private Equity, property, Realty Firms, SPV
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The real estate market is increasingly behaving like the stock market these days. Just like buyers on the Street are putting off their purchases in anticipation of the market falling further, a sluggish real estate market is prompting retailers to postpone expansion plans on hopes of lower rentals. Some are even renegotiating rates for retail […]
Foreign investors may shun the Indian real estate market as lower asset prices in the US and the potential to earn better returns skew the risk-reward equation against emerging markets such as India. Mr. S Sriniwasan, CEO, Kotak Real Estate Fund, said, “Real estate developers face a double whammy of slowdown in the overall growth […]
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Also tagged AIG, asset, buy, Citi venture, Foreign investor, Fund, India, Land, Mumbai based real estate, Real Estate, Real Estate Developers, Slowdown
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The sharp fall in shares of realty majors in India has meant that not a single Indian real estate company figures in Standard & Poor’s Asia Property 40 Index. The index comprises forty Asian realty companies listed in terms of market capitalization, an S&P release said on Monday. From a year high of 13848.09 on […]
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Also tagged Asia, Bse, India, Indian Property Developers, Indian Real Estate, J P Morgan, Real Estate Company, Realty Companies, Residential, Singapore, Top 10
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The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market for luxury real estate developers, are developing cold feet. With the US property market witnessing a correction due to subprime crisis, the NRIs are […]
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Also tagged africa, Ansal, australia, buy, buyer, demand, India, indian government, luxury, Mumbai, non resident indian, NRI, PIO, pravasi bharatiya divas, property, Real Estate, Realty, US
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Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just […]
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Also tagged Bpo, Delhi, Dlf, Growth, Infosys, Jaipur, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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Delhi-based real estate developer Omaxe has postponed its plan to raise Rs 1,500 crore through private placement until a favourable time. This follows Unitech’s decision to put on hold $1.5-billion qualified institutional placement (QIP), and Emaar MGF’s initial public offer (IPO), which was withdrawn midway. Industry insiders say the delay in fund-raising plans is unlikely […]
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