Vijay Shanthi Builders to launch PARK AVENUE project worth Rs 200 Crores
Vijay Shanthi Builders Ltd has announced that the Company is all set to launch its new Affordable Housing Project called Park Avenue, in mid January 2010. The majestic project is located at No.3, Vengadamangalam Road, Kandigai, Mealakottaiyur, Kelambakkam, Chennai- 600 048, comprising of approximately [...]
Nitesh Estates is a Bangalore-based real estate company planning to raise funds by IPO .
Nitest real estate cis constructing Ritz Carlton hotel and several residential and commercial buildings, plans to raise Rs 550 crore by listing its shares on the stock markets early next year. The company is expected to submit its draft red herring [...]
DLF on Saturday said it has bought back over 76.38 lakh equity shares worth Rs 140.69 crore and will close the offer with effect from May 6.
“The company, having purchased the requisite minimum number of equity shares, has decided to close the buy-back with effect from May 6,” DLF said in a filing to the Bombay [...]
Realty player Suncity Projects today announced its plans to develop four retail cities in the country with an investment of around Rs 2,000 crore by 2011.
The retail cities, under the brand name ‘Jewel of India’ would come up at Greater Noida, Indore, Jaipur and Mohali.
The first of these cities would become operational in Jaipur by [...]
Maytas Properties Ltd has announced the launch of its first IT/ITES Special Economic Zone (SEZ), with an investment of Rs 2,500 crore, at Bachupally on the outskirts of Hyderabad.
The company has also signed up the first client, Wells Fargo India, a wholly-owned subsidiary of US-based financial services company, Wells Fargo & Co.
The client would occupy [...]
The June quarter ’08 results for the real estate sector are expected to be lackluster. According to the estimates of brokerages, performance is likely to be much lower than the corresponding quarter in the previous year. Rising interest rates, tightening monetary policy and fall in property prices are cited as some of the concerns for [...]
Unitech Ltd today said it has received Rs 740 crore from global investment bank Lehman Brothers Real Estate Partners for a 50 per cent stake in the country’s second largest realty firm’s project.
“On satisfactory completion of all the conditions under the transaction documents, Unitech Ltd today received subscription amount of Rs 740 crore,” the realty [...]
Goldman Sachs, the global financial powerhouse, has picked up a minority stake in Sterling & Wilson, a Shapoorji Pallonji group company, for $50 million. No other financial details were available.
Sterling & Wilson is one of the leading mechanical, electrical and plumbing (MEP) contracting companies in the country. It is one of those few companies in [...]
Life Insurance Corporation of India (LIC), which is among the largest property owners in India, is planning to acquire land worth Rs 2,000 crore this year to develop commercial and residential complexes.
This will be in addition to the Rs 1,100 crore it spent last year for purchasing lands across the country.
The public sector insurance giant [...]
The originally proposed 10,000-hectare Mumbai Special Economic Zone (MSEZ) project, being set up by Reliance Industries Chairman Mukesh Ambani and his associate Anand Jain on the outskirts of Navi Mumbai, appears to take off with the Maharashtra government clearing the developer’s rehabilitation and resettlement (R&R) package.
MSEZ Pvt Ltd, which is executing the project that will [...]
Mumbai-based firm will invest Rs 18,000 crore in 12 years.
BSEL Infrastructure Realty plans to set up a company in Malaysia to execute its operations in that country.
The Mumbai-based company has signed a memorandum of understanding with Malaysia’s Iskandar Regional Development Authority (IRDA) to develop properties in Johar Bharu region of Malaysia. The company has plans [...]
Larsen & Toubro (L&T) has announced that its property development division will spend Rs 3,500 crore to develop a commercial complex at Seawoods railway station in Navi Mumbai. Spread over 40 acres of land the company will also develop a railway station in the area. over the next three years, the company informed the Bombay [...]
Indiabulls Real Estate Ltd has informed that Indiabulls Power Generation Ltd (IPGL) has been awarded the Letter of Intent for Bhaiyathan Thermal Power Project (Bhaiyathan TPP) in Chhattisgarh state by Chhattisgarh State Electricity Board (CSEB). IPGL is a subsidiary of Indiabulls Power Services Ltd (IPSL), a subsidiary of Indiabulls Real Estate Ltd (the Company).
Chhattisgarh State [...]
The DLF group has deferred the Singapore listing of DLF Office Trust, the real estate investment trust (REIT) of DLF Asset (DAL), till the market condition improved, said sources close to the Gurgaon-based real restate group.
DLF Asset has received investments worth $600 million from hedge fund DE Shaw and Lehman Bothers. DLF may now raise [...]
Tough lending norms, an unfavourable primary market and subprime woes may squeeze the money flow to the domestic property market. Real estate deals are expected to slow down and fancy valuations projected by developers could witness a deep correction, industry officials said. “Our recent experience is that valuation expectations for deals have moderated.
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