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.
There has been a substantial decline in foreign direct investments (FDI) in high-growth potential sectors like housing and real estate, construction activities and telecommunications in 2010-11.
Shriram Properties, which wants to refinance projects under development and acquire distressed real estate assets may get $125 million PE fund by private equity arms of JP Morgan, IL&FS and Morgan Stanley.
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 police has been asked to verify complaints from Mumbai-based investors against the PACL realty; firm denies any wrongdoing.
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.
Securities Appellate Tribunal (SAT) will take up petitions by two Sahara group companies, Sahara India Real Estate and Sahara Housing Investment Corp, challenging a SEBI order against them, on Tuesday, August 16.
Dynamix Balwas (DB) Realty, the Mumbai-based realtor, has decided to buy upto 49 per cent stake in its hospitality arm, DB Hospitality Ltd, an unlisted arm where the promoters hold a majority stake.