DLF, Hubtown unload Pune SEZ to Blackstone
Realty major DLF on Wednesday, Dec 28, announced sale of its information technology special economic zone (IT SEZ) in Pune to Blackstone Group.
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Delhi-NCR tops list for unsold homes in 2011
Forget Mumbai which has been in the news for record dip in the property transactions. It is the Delhi-NCR that tops the list for unsold homes.
MCHI hails Govt. for not hiking Ready Reckoner rates
The Maharashtra Chamber of Housing Industry (MCHI) has thanked the Maharashtra Chief Minister for his assurance that the Ready Reckoner rates for real estate industry may not be increased in the New Year.
Morgan Stanley may invest $125 mn in Mumbai realty
The global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100-125 million in a residential project in Mumbai, sources with direct knowledge of the development said.
Emaar uses Dubai Mall as security in $1bn loan
Emaar Properties has used Dubai Mall, one of the world’s largest shopping centres, as collateral to secure Dh3.6 billion (US$980 million) of financing from a trio of UAE banks.
DLF to raise Rs 550 crore by selling hotel to Square Four Housing
DLF is reportedly raising Rs.500 crore by sell of its stake in hotel subsidiary to Kolkata-based Square Four Housing & Infrastructure Private Ltd.
DLF to divest entire stake in Galaxy Mercantile
DLF has signed an agreement to divest all its stake in Galaxy Mercantile Ltd, a joint venture company between DLF Home Developers Ltd and Infrastructure Development Finance Company Ltd (IDFC).
Supreme Court stays order on Sahara Group firms
Supreme Court stayed a tribunal order directing two Sahara group companies to refund 174 billion rupees to investors, but sought details of their assets and liabilities on Monday, Nov 28.
Godbole returns to Morgan Stanley as India realty arm head
Morgan Stanley has named Shirish Godbole as the head of its global real estate investment fund in India.
Crazeal.com partners RCL to offer discount deals
Crazeal, the India unit of group buying site Groupon has partnered with real estate developer RCL Homes to offer discount on purchase of a property in Karjat in Maharashtra.