Tag Archives: Stock Markets

Non-Residents Homing In Thick And Fast

August 12, 2008 – 4:23 am

With the stock markets down in India, the realty market here offers a reliable investment avenue.
There are three reasons why NRIs invest in India — they remit money for family expenses or investments or for maintaining their bank accounts and investments here.
According to RBI records, NRIs’ annualised remittances to India have grown from $26 billion [...]

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Realty Investors Begin To Challenge Builder Rates

June 12, 2008 – 2:19 am

According to experts, the killing in stock markets, where realty stocks have taken a beating along with the rest, may speed up the slowdown in the real estate market over the next six months.
Balaji Rao, managing director, Starwood Capital India Advisers, said, “The market is already slowing as high property prices have affected sales”.

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Alok Ind Resumes Talks To Sell 20% In Realty Arm To PEs

June 7, 2008 – 4:22 am

Alok Industries, the Rs 2,200-crore Mumbai-based textile firm, has resumed talks with private equity players to dilute about 20 percent equity it owns in its unlisted unit, Alok Infrastructure. A realty company, Alok Infrastructure has been looking at options to raise around Rs 600 crore for developing its large land bank, said sources.
Alok Industries plans [...]

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Berggruen Will Invest 500 Million Dollar In India

June 2, 2008 – 4:51 am

Berggruen Hotels is scaling up its plans for India and proposes to set up 8-10 four-star hotels, adding to the investments it has already announced to develop budget hotels, service apartments and resorts under the Keys brand name.

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