| DLF to raise Rs 1,000 crore; hints at price hike
The country’s biggest realty player DLF has announced plans to raise Rs 1,000 crore through unsecured loans by the end of this month, while hinting that prices in the housing segment could witness an increase….  |
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HDIL to offer premium lifestyle at low prices
Residents of Mumbai can now enjoy premium lifestyle at an affordable price. Housing Development & Infrastructure (HDIL) will launch a project — Residency Park — in Mumbai’s western suburb of Virar west…. |
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Shriram Properties sells 49% stake to ICICI Prudential
Shriram Properties, the property development arm of $5.5-billion Chennai-based Shriram Group, has divested 49 per cent stake in the company to ICICI Prudential Asset Management and India Opportunities Real Estate Fund. The divestment will bring in Rs 40 crore that will help fund the firm’s upcoming residential project in Bangalore. The Rs 300-crore residential project in Yelahanka, spread over nine acres, will have 700 units with apartments ranging between Rs 25 and Rs 45 lakh…. |
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Debt overhang, weak IPO market may force realty cos to sell stakes to PEs
As turbulent stock markets threaten to delay the initial public offers (IPOs) of several cash-strapped real estate companies, private equity firms are sensing an opportunity to step in as an alternative source of funding for them…. |
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Knight Frank India’s budget wish list
The real estate industry suffered a severe blow during the economic slowdown last year. However, it also created new opportunity in areas that were largely untapped until recently…. |
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Boost realty!
Real estate and housing are a critical part of the economy. It generates huge demand ranging from steel and cement, to consumer durable goods and sanitary ware, to electrical goods and other services in the construction industry. It is, therefore, regarded as a strong indicator of the economy. So it is important to bolster this sector by considering the following measures:… |
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The great expectation
Global economic meltdown had left the worldwide real estate sector in tatters. Nevertheless, the real estate sector in India is in the recovery mode aided by affordable housing, declining property prices, improved job market, lower interest rate, better liquidity situation and an overall improved economic scenario. However, the sector needs a budgetary push to be on the path of speedy and sustainable growth…. |
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IIFCL to raise $1 billion to fund infra projects
Infrastructure financing company IIFCL will raise one billion (around Rs 4,600 crore) dollar in the next two fiscal years to fund power, road, port and airport projects…. |
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SBI hints interest rates may rise from June 2010
The country’s largest lender State Bank of India has hinted that lending rates may rise from the second quarter of fiscal 2010-11, even though there is no immediate pressure on interest rates…. |
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Infrastructure investments beat the trends
The slowdown in GDP growth has hardly had an impact on infrastructure investments, points out the recently released statistics on savings and investments brought out by the Central Statistical Organisation (CSO)…. |
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Dharavi makeover faces delay
The Maharashtra government’s much delayed Dharavi Redevelopment Project (DRP) is likely to get stalled further. Reason: the state’s failure in building consensus among the beneficiaries, the stakeholders, and two state-appointed panels on the Rs 15,000-crore project…. |
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MMRDA’s tower plan on hold
The Mumbai Metropolitan Regional Development Authority (MMRDA) will have to wait a little longer to fulfil its dream of raising a 101-storey iconic tower in the country’s financial capital…. |
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Himachal’s biotech park fails to lure realty majors
Big real estate developers seem to be shying away from the bidding process of Himachal Pradesh’s first biotechnology park, proposed to come up at village Aduwal, near Nalagarh in Solan district…. |
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Land acquisition completed for Kerala’s Technocity project
The Department of IT has completed the formalities pertaining to acquisition of land admeasuring to 245.89 acres for the development of the Technocity project, the next phase of development of Technopark in Thiruvananthapuram…. |
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Rs 1,200-cr ‘Health City’ to come up in Kochi
The Kozhikode-based Baby Memorial Hospital (BMH) has finalised plans to establish a Rs 1,200-crore ‘Health City’ in Kochi…. |
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Deyaar still working on overseas expansion plan
Deyaar Development’s overseas expansion plan for 2010 is still under consideration as it monitors potential opportunities, the company’s CEO said…. |
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Dubai World seeks $22 billion debt freeze this month
State-linked indebted conglomerate Dubai World intends to ask creditors for a six-month standstill on $22 billion in debt this month, until it completes restructuring, an Arabic-language daily said on Wednesday.
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Develop affordable houses, not malls: Government
The government has urged real estate developers to construct more affordable houses rather than shopping malls… |
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Govt mulls Rs 50,000 crore debt fund for infra projects
The government is considering a proposal to set up Rs 50,000-crore India Infrastructure Debt Fund to meet the long-term needs of public private partnership projects by tapping foreign and domestic pension and insurance funds, sovereign funds and multilateral institutions….
| Titan eyes presence in more Asian countries
Despite burning its fingers in the European market some years ago, Titan Industries, which is celebrating its 25th anniversary this year, plans to take the Titan brand to more countries in the coming years, but this time around it intends to remain an Asian player. More… |
| The Bombay Store to bet on mid-sized stores
The Bombay Store will focus on mid-size stores (about 3,000-4,000 sq ft) to grow the brand in the country. More… |
| ADAG firm hikes stake in Fame India
The Anil Dhirubhai Ambani Group (ADAG) firm Reliance Capital Partners has hiked its stake in Fame India, which was bought over by Inox Leisure last week, by nearly 2 per cent through open market purchase, taking its stake in the cineplex operator to 8.13 per cent More…
| US-based Dairy Queen expanding to Egypt, Macau
International Dairy Queen, the ice cream retailer owned by Warren Buffett’s Berkshire Hathaway Inc, has announced plans to enter two new countries in 2010 when it opens new stores in Macau, China and in Cairo, Egypt. The US-based Dairy Queen said in a press release it has signed franchise deals with operators in both countries. More… |
| Glamour Secrets eyes expansion across Europe
Canada-based beauty retail franchise Glamour Secrets is looking for master franchise owners to expand its concept in countries across Europe. More… |
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