Tata Sons to infuse Rs 500 crore in Tata Housing
Tata Sons will reportedly infuse Rs.500 crore into the group’s real estate arm, Tata Housing Development Company, through a fresh issue of equity shares, the company sources said.
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Pragnya invests in Colombo, Andhra Pradesh
Pragnya Advisors, the private equity (PE) fund focussed on real estate, has entered into two deals in Colombo and Rajahmundry, Andhra Pradesh for an investment of $100 million second fund.
Indian realty expo in Doha tomorrow
Confederation of Real Estate Developers’ Associations of India (CREDAI)’s Kochi chapter is organising a two-day property expo, along with Times of India, starting tomorrow, Nov 18, at Regency Hall, Doha.
Ascott International plans to double presence in India by 2015
Targeting the growing corporate sector in India, global serviced-residence owner-operator The Ascott International aims to double its presence by 2015 at an investment of about USD 250 million.
DLF Q2 FY12 results show revenue up 3% at Rs 2,577 Crore
DLF Limited has recorded consolidated revenues of Rs 2,577 crore for the quarter ended September 30, 2011, an increase of 2% from Rs.2,520 crore in Q2 FY11.
Puravankara takes Bangalore for Louis Philippe golf
Puravankara Projects has taken over the Bangalore team of the inaugural eight-city team event, the Louis Philippe Cup, according to the Professional Golf Tour of India (PGTI).
HDFC Realty in talks to raise $600 mn
HDFC Realty, the private equity arm of Housing Development Finance Corporation, is in talks with the world’s largest sovereign funds to raise its fourth real estate fund.
DLF’s KP Singh and Anil Ambani out of top 10 in Forbes list
While the real estate market looks subdued with the sector weathering a host of issues, this is not a good news either. DLF’s Chairman K P Singh is out of the top ten list of Forbes.
A different Diwali with strategy shift for realty sector
The festival of Diwali has a direct bearing on the property market, and irrespective of the overall macro economic scenario the property transactions around this time of the year have been the maximum.
DLF launches affordable housing project in Bangalore
Realty major DLF has begun selling homes in south Bangalore for prices starting at Rs.28 lakh compared to the Rs.70 lakh-plus starting price for most of its flats, echoing a trend it has stayed away from for years.