Tag: Overseas Investors

Unitech is close to finalizing hotel deal

Unitech is close to finalizing a deal with the Ashok Hinduja group for the sale of its Gurgaon-based hotel for Rs 226 crore. The real estate player has been facing a cash crunch for almost a year. Last month, it decided to sell The Courtyard, its hotel property in Gurgaon, along with five other properties […]

Singur Will Not Discourage Overseas Investors

NEW DELHI: The suspension of work at the Tata Motors’ Nano plant in Singur was unfortunate, but it would not deter foreign investors to India on a long-term basis, Bajaj Auto chairman Rahul Bajaj said. “It’s a very unfortunate thing that has happened in Singur, but I don’t think that there will be any long-term […]

Assocham Predicts $21 Billion FDI In Real Estate Market

Despite the real estate market being confronted with a short-term depression as real interest rates hovered between 12 – 16%, the Associated Chambers of Commerce and Industry (Assocham) has projected a twenty one billion dollar spurt in foreign direct investment (FDI) in the real estate market in the next 10 years.