DLF, India’s largest real estate company, is in talks with IDFC to sell the entire 70% stake it holds in DLF IT Park, Noida.
The India Apartment Index rose 3% during April-June 2011 quarter compared to the previous quarter, the “PropIndex, the India Apartment Index”, launched by Magicbricks.com, rated as India’s No. 1 property portal showed.
The realty arm of Larsen & Toubro (L&T) plans to start the process of upgrading a railway station at Seawoods in Navi Mumbai over the next two months.
The Board of Directors of Milestone Capital would meet in a couple of days to decide on a successor to Ved Prakash Arya, Managing Director and Chief Executive Officer of the private equity company.
Pantaloon Retail India Ltd (PRIL) has earmarked a Rs.900 crore expenditure over the next three years on nine million square feet of retail space.
Azure Capital Advisors has invested Rs.50 Cr in three residential real estate projects in Bangalore through its India Realty Fund One.
Impresario Entertainment and Hospitality Pvt Ltd, the Mumbai-headquartered company which runs a chain of fine-dining restaurants, has raised Rs.48 crore or $10.5 million from strategic investor Mirah Hospitality and Food Solutions Pvt Ltd.
The Carlyle Group on Thursday, August 25, said it has invested $26 million in Value & Budget Housing Corporation, the Bangalore-based low-cost housing developer promoted by former Mphasis Chairman Jaithirth Rao.
It seems the Competition Commission of India (CCI) ruling on the DLF to pay penalty has opened the can of worms.
Reliance Portfolio Management Services, a part of Reliance Capital Asset Management is all set to raise over Rs.1500 crore from the domestic market to invest in real estate projects around the country.