Unitech International Real Estate Fund is learnt to have raised $300 mn which will be deployed in Unitech’s residential projects. The new fund will help the country’s second-largest, listed developer tide over the liquidity crunch dogging almost all real estate firms.
A senior Unitech executive, who didn’t wish to be named, told that an European pension [...]
By manish
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Posted in Property News
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Also tagged Dlf, Finance Model, Free, Housing Sales, Independent Fund, Japanese Bank, Largest Realty, Management Arm, Real Estate Sector, Realty Advisors, Realty Firms, Residential Projects
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Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in Business school campuses in the past two years in a move to have a more professional image. The move coincides with the growing interest of business school graduates in the real estate sector.
The real estate firms have sold promising [...]
Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said.
The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a Bangalore [...]
By manish
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Posted in Property News
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Also tagged Actis, Bangalore, India Real Estate, Industry Experts, Infrastructures, Investment Bank, Lehman Brothers, Pradeep Jain, Private Equity Investor, Real Estate Developer, Realty Market, Retail Space
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Buoyed by an exciting real estate market, investors in Britain increasingly prefer India for investment looking for higher profits on the back of a slowdown in Britain’s realty market.
Navyroof.Com, a company that emphasizes investment prospects in the most upcoming areas of India to the UK investors, Managing Director A. Fassnidge said: “All the economic indicators [...]
By manish
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Posted in Property News
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Also tagged British Citizens, Credit Crunch, Development Finance Corporation, Foreign Investment., Gujarat, Housing Development, indian government, Indian Origin, Jaipur, London Property, Market Investors, Merrill Lynch, NRIs, Pune, Realty Market, Uk
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India’s second-biggest property firm, Unitech, has scrapped plans to list a US$600 million ($824 million) real estate investment trust here.Its big rival, DLF, which is India’s biggest developer, did likewise in March, announcing it would delay its listing plans.
Leading real estate players together with DLF, Parsvnath, Omaxe, TDI, Ansals and Unitech have shown interest in joining hands with the Punjab government in its bid to provide ‘reasonable houses costing not more than One lakh rupees each’ in the state.
Real estate and infrastructure players who attended a conference with Punjab chief minister Parkash Singh [...]
By manish
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Posted in Property News
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Also tagged Ansals, Development Authorities, Housing, Housing And Urban Development, Management Members, Parsvnath, Punjab, Punjab Government, Real Estate Company, Real Estate Developers, Urban Planning
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Real estate giant Unitech Limited is likely to finalize by the end of June the entity which will pick up a 25-30 % stake in its new telecom venture.
The country’s second largest real estate developer by market capitalization, which has been awarded start up spectrum in five telecom circles, will open next week the first [...]
By manish
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Posted in Property News
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Also tagged , Global Telecom, Market Capitalization, Mobile Operators, Mobile Subscribers, Mtn, Real Estate Developer, Telecom Business, Telecom Circles, Telecom Firms, Telecom Italia, Telecom Market, Telecom Venture, Telenor
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For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in [...]
By Rajani
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Posted in Property News
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Also tagged , Brokerage Houses, Dlf, Industry Experts, Omaxe, Parsvnath Developers, Property Developer, Realty Stocks, Record Highs, Riding The Wave, Share Trading
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March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment [...]
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 [...]
By Rajani
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Posted in Property News
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Also tagged , Bpo, Delhi, Dlf, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Wipro
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February 16, 2008 – 5:44 am
MUMBAI - Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said.
Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict ownership [...]
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