August 30, 2008 – 5:04 am
Real estate investment division of JP Morgan Chase is possibly to pick up about 18% stake in Core Hotels Ventures for one hundred crore rupees with the Foreign Investment Promotion Board clearing the proposal.
The suggestion of J P Morgan India Property Mauritius Company II will now go to FM P Chidambaram for final authorization.
By manish
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Posted in Property News
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Also tagged Asset Management, Final Authorization, Foreign Investment Promotion Board, Hotel Maintenance, Hotels In Hyderabad, India Property, Investment Banking, Investment Promotion Board, J P Morgan, Jp Morgan, Jp Morgan Chase, Private Banking, Real Estate Investment
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The latest battle in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources said that the [...]
PUNE: On April 10, the Promoters and Builders Association of Pune (PBAP) pronounced that property prices in the city would be hiked by Rs50-400 per square foot from April 20 onwards, giving potential buyers ten days to take benefit of the then existing rates. But the buyers rejected to take the bait and sales are [...]
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 expecting [...]
By Rajani
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Posted in Property News
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Also tagged africa, Ansal, australia, buy, buyer, demand, India, indian government, luxury, Market, Mumbai, non resident indian, NRI, PIO, pravasi bharatiya divas, property, Real Estate, US
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February 26, 2008 – 6:38 am
Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors. As part of the plan, Eldeco has already raised some funds from Xander PE. Sources said group company Eldeco Infrastructure & Properties (EIPL) was in the market for [...]
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