ICICI Venture to raise money for real estate fund
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
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Rate hike may hit realty sector hard
The Reserve Bank’s decision to raise key policy rates by 25 basis points today is likely to have a negative impact on the real estate sector.
Pune developer dies in road accident
Well-known developer Vimal Kumar Jain (63) and four others died on the spot when a speeding water tanker rammed into his Mercedes car after hitting a motorcycle at Nigdi on the Pune-Mumbai highway.
Court rejects bail for Apple realtors
The Ernakulam Principal Sessions Court on Thursday rejected the anticipatory bail plea of promoters of a real estate company who have duped hundreds of people of more than Rs.1 billion.
Dan Cake forms JV with Pune-based realty group
India’s low cost of production and its location has brought the Euro 70 million Dan Cake Portugal to set up a manufacturing plant here.
Nitesh Estates growth up by 58 per cent for the fiscal year 2010-11
Nitesh Estates Limited has announced impressive performance for the financial year ended March 31, 2011 clocking a robust top line growth of 58%.
ASK Investment floats realty company
Financial services firm ASK Investment Holdings Pvt. Ltd, has floated a real estate company, Pashmina Developers.
CHD Developers Q4 net profit skyrockets
CHD Developers Ltd. has reported its all time highest net sales of Rs. 86.11 crore for the quarter ended March 31, 2011.
$5 bn PE exits expected from Indian realty
Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said.
Land only for expressways, not realty
In view of the farmers agitation in Greater Noida, the surface transport ministry is learnt to have taken a u-turn from its earlier stand of facilitating land acquisition for both infrastructure development and real estate projects.