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.
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.
Mumbai-based infrastructure and real estate firm, Atlanta in consortium has bagged around Rs.10435.1mn order from NHAI, the flagship road building program of the Ministry of Transport and Highways.
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.
Fire Capital has entered into a 50:50JV with Tamil Nadu based Omshakthy Agencies (Madras) Pvt Ltd to develop residential projects and townships in and around Chennai.
Real estate developer Surendra Hiranandani, who owns Hiranandani Upscale, plans to enter the luxury housing space under the Signature brand.
It may surprise to many, but the fact is that the housing finance sector has steadily and consistently been posting impressive growth, despite the numerous challenges in the sector.
The Securities and Exchange Board of India (SEBI) has questioned the Bombay Stock Exchange (BSE) the basis on which it gave a certificate to the Sahara group on the ‘listability’ of optionally fully-convertible debentures (OFCDs).
Private equity fund Fire Capital’s promoter has tied up with a clutch of US-based realty firms to form a new company that plans to invest Rs.6,000 crore in the next four years on developing 32,000 homes across the country.
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.
The Unitech Group plans to drag global communications major Telenor to the Company Law Board citing ‘gross mismanagement’ of their joint venture mobile phone operations by the Norwegian telco.