Morgan Stanley’s Naresh Naik quits to start realty fund
Morgan Stanley Real Estate Investing Managing Director Naresh Naik has resigned to set up a real estate fund house that will invest exclusively in India.
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RBI move will further tighten source of funding: CREDAI
The latest interest rate hike by the Reserve Bank of India (RBI) is bound to push up the price of housing loans as well as the residential apartments.
Realty bill ready to be placed in Parliament after Cabinet approval
The much awaited and largely discussed Real Estate (Regulation & Redevelopment) Bill, pending since 2009, is finally been ready and the Government plans to introduce it in the winter session of Parliament after getting Cabinet approval.
Hiranandani to enter luxury housing
Real estate developer Surendra Hiranandani, who owns Hiranandani Upscale, plans to enter the luxury housing space under the Signature brand.
BCCL picks up ad-for-equity stake in Investor Clinic
Bennett, Coleman & Co. Ltd has acquired an undisclosed stake in an ad-for-equity deal with Noida-based Investors Clinic Infratech Pvt Ltd.
Unitech approaches CLB with offers to buy out Telenor
Unitech in its petition before the CLB, in which it accused Telenor and its executives of ‘oppressive and mala-fide actions’ has offered to buy Norwegian partner Telenor’s 67.25% stake in their mobile joint venture.
Real estate FDI worries looming large
The level of FDI in the real estate sector is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage and economic crisis in the US and Europe.
Azure to launch Rs 200-cr domestic fund next week
Realty fund manager Azure Capital Advisors will start raising around Rs.200 crore to invest in residential projects in the southern and western parts of the country from next week.
Jones Lang LaSalle to grow its residential platform in Singapore
Jones Lang LaSalle as part of its most recent initiative to provide ‘best’ service to its clients, owners and sellers, has launched a new customised and dedicated residential portal for Asia Pacific.
Unitech shareholders block dividend payment resolution
The resolution for a dividend was blocked on Thursday, September 29, at the Annual General Meeting (AGM) of Unitech, the second-largest real estate firm in India.