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.
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UK’s Whitbread to invest Rs 535 cr on hotels in India by 2020
UK-based hospitality firm Whitbread today said it will invest 75 million pounds (over Rs 535 crore) in India by 2020 to fund its hotels business in the country.
S&P warns rising property prices as credit risk for banks
Standard & Poor’s Rating Services on Monday, July 4, said the surge in real estate prices in some pockets in India could emerge as a credit risk for banks.
NHB finds fall in property prices in seven cities
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank.
Akshaya Homes to enter Karnataka, Kerala by 2015
Chennai-based property developer Akshaya Homes proposed to enter Karnataka and Kerala realty market by 2015, a top company official has said.
ASK Investment raises Rs.500 crore for realty fund
ASK Property Investment Advisors, part of the financial services group ASK Group, has made a first close of its second real estate fund at Rs.520 crore.
Appu Hotels to invest Rs 500 crore in three hotels; plans IPO
Appu Hotels, owner of Le Meridian Hotels in Chennai and Coimbatore, is planning to open three more hotels in the next two years with an investment of Rs.500-600 crore.
Godrej Properties voted amongst Most Trusted Names in realty
Godrej Properties Ltd has been voted as amongst the ‘Most Trusted Names’ in the Real Estate Industry.
CRISIL predicts fall in Ahmedabad market
CRISIL Research says that there will be 5% correction in the realty prices in Ahmedabad this year.
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.