HUL seeking partners for Bangalore IT SEZ
Hindustan Unilever, India’s largest consumer goods company by revenue, is considering to either lease or co-develop its Bangalore IT Special Economic Zone (SEZ) project in a bid to unlock shareholder value.
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Godrej Properties promoters to dilute stake
Godrej Properties could look at dilution of promoters’ holding in the company in the next six months.
Lion Global turns bullish on India, unfazed by attacks
Singapore’s Lion Global Investors, which manages about S$29 billion ($24 billion), said on Thursday, July 15, it was turning bullish on Indian stocks and Wednesday’s bomb attacks in the country’s financial capital would not change its view.
Buyers allege project delayed, realtors say not denied
Delay in real estate projects is something that invites disapproval and criticism in the collective consciousness.
Trinity Capital sells stake in Kapstone for £12.6 mn
UK-based real estate fund Trinity Capital Plc sold its stake in Kapstone Constructions Pvt. Ltd, a subsidiary firm of Mumbai-based developer Keystone Realtors Pvt. Ltd.
A quick take on the Thane residential property market
For working-class home buyers in Mumbai, there aren’t too many…
Indian Angel invests $1 mn in realty portal GrOffr
Angel investors, Indian Angel Network has invested $1 million in the Mumbai-based real estate portal GrOffr.com for a minority stake.
DB group drags Etisalat to CLB
The DB group, Etisalat’s partner in India, has moved the Company Law Board (CLB) against the UAE-based company.
Giorgio Armani and Ferragamo may change DLF as Indian partner
Two marquee international brands — Giorgio Armani and Ferragamo — that have joint ventures with leading realty player DLF group’s subsidiary, DLF Brands, have been talking to other corporate groups and investors to scope out the potential of changing their Indian partner.
Bank lending to realty won’t decline
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.