Impresario Entertainment and Hospitality Pvt Ltd, the Mumbai-headquartered company which runs a chain of fine-dining restaurants, has raised Rs.48 crore or $10.5 million from strategic investor Mirah Hospitality and Food Solutions Pvt Ltd.
The Carlyle Group on Thursday, August 25, said it has invested $26 million in Value & Budget Housing Corporation, the Bangalore-based low-cost housing developer promoted by former Mphasis Chairman Jaithirth Rao.
CREDAI welcomed the BMC’s announcement that the redevelopment projects in the city will not be covered under new DC rules for levying extra premium on FSI for certain areas.
It seems the Competition Commission of India (CCI) ruling on the DLF to pay penalty has opened the can of worms.
New building technology created by International Steel Structures (ISS), is ready to help reduce India’s housing shortage by being able to provide housing units with structural integrity in a matter of days from production.
India’s ASK Property Investment Advisors aims to raise a Rs.10-billion ($219 million) fund by December in a bet on the long-term case for property in Asia’s third-largest economy, said a top official.
DLF plans to reduce its debt by Rs.2,500-3,000 crore by the end of this financial year, according to Group Executive Director Rajeev Talwar.
The prices of properties in India will increase by five to six times in the next five years, said Deputy Minister in the Prime Minister’s Department Datuk SK Devamany today.
Aman Resorts, the chain of luxury resorts owned by DLF may be sold for more than $400 million, according to the sources.
The world’s largest casino entertainment company, Caesars Entertainment Corporation is in talks with leading Indian developers and hospitality players to expand its presence in the country.