December 26, 2008 – 2:12 am
Real estate company Unitech is planning to merge all its eight telecom subsidiaries to consolidate and better manage the telecom business.
Each subsidiary typically has licences for three to four circles and together, they cover all 22 telecom circles in the country.
“We do not intend to form a holding company for our telecom venture, but will [...]
By rajani
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Posted in Property News
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Also tagged Capital Expenditure, Holding Company, Merger, Mr Chandra, Private Limited Companies, Sanjay, Service Providers, Subsidiaries, Telecom Business, Telecom Circles, Telecom Company, Telecom Services, Telecom Venture, Telenor
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November 6, 2008 – 1:20 am
Real estate prices are unlikely to see the heady levels of late 2007 and early 2008, anytime soon. That could make clear why more promoters are getting serious about tapping opportunities in the affordable housing.
On Tuesday, Rohtas Goel, chairman of Delhi-based real estate company, Omaxe, bought out the company’s 51% stake in National Affordable Housing [...]
By rajani
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Posted in Property News
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Also tagged Administrative Expenses, Affordable Housing, Business Model, Downturn, First Right Of Refusal, Flagship, Goel, Good Business, Group Firms, Independent Directors, Private Equity, Promoter Group, Promoters, Right Of Refusal, Rohtas
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Chandigarh real estate is witnessing testing times. On one hand, there are more investments pouring in the segment and on the other side property buyers and sellers are not very enthusiastic about property transactions.
By rajani
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Posted in Property News
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Also tagged Buyers And Sellers, Chadigarh, Economic Recession, Home Seekers, Land Assets, Market Sources, Nano, Parsvnath, Property Brokers, Property Sellers, Property Transactions, Real Estate Values, Recent Developments, Residential project, S Real Estate, Sabeer Bhatia, Segment, Stagnation, Suburban Areas, Temporary Phase
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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 largest [...]
By rajani
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Posted in Property News
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Also tagged Combined Development, Developments In India, Emaar Mgf, Emaar Properties, Estate Developments, Foreign Direct Investment, Joint Venture, Leading Real Estate, Leading Real Estate Company, Middle East, Mohali, Property In Gurgaon, Purpose Vehicles, Real Estate Company, Retail Properties, Special Purpose
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LONDON: Private equity real estate firm Benson Elliot Capital Management has bought a 70% stake in Spanish developer Promobuilding SL in a bid to cash in on distressed house building projects in Spain’s faltering economy.
The acquisition, which has been accomplished via a recapitalization and subscription for new shares, is predicted to provide privately owned Promobuilding [...]
By rajani
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Posted in Property News
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Also tagged Benson, Benson Elliot, Building Projects, Capital Management, Economy, Housing Market, Hundred Million, Investment Opportunities, Private Equity, Spain, Spanish Market, Xavier
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February 15, 2008 – 7:25 am
Indiabulls Real Estate has entered into an agreement with FIM and LNM India Internet Ventures, who will mutually invest Rs 1,580 crore. FIM is a foreign venture capital investor managed by Farallon Capital Management LLC and LNM India Internet Ventures is an investment body of LN Mittal group.
The investment will be by way of subscription [...]
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