KUL gets Rs 50 crore by private investors
Kumar Urban Development Ltd (KUL) has raised Rs.50 crore from two private investors, taking its total fund-raising this year to about Rs.300 crore.
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Edelweiss Housing targets Rs 1000 cr loan biz by 2015
Edelweiss Housing Finance Ltd (EHFL), the housing finance arm of Edelweiss Group, has launched its operations in Pune.
Ascott to expand footprint in India
Ascott, one of the world’s largest serviced residence owner-operator, is expanding its footprint in India in cities like Mumbai, Delhi and Pune, adding to its $250 million investment in seven upcoming properties.
Real estate impact of FDI in multi-brand retail
The introduction of FDI in multi-brand retail will lead to increased demand, which in turn will catalyze more investment opportunities in organized retail.
Gujarat to have Disneyland-style theme park
Gujarat will soon have its own Disneyland-style park that could be bigger than the Disneylands in California, Paris or Tokyo.
Alok Industries divesting realty assets to ease debt
India’s largest textile firm, Alok Industries Ltd is divesting its real estate portfolio to ease debt.
Defying slowdown apprehensions, Q1 recorded 65% growth in retail mall space
Defying any ears of a market slowdown, liquidity crunch and rising inventories, the April-June period saw a 65% growth in retail mall space supply across India over the previous quarter
Marriott opens third property in Pune
Marriott has opened a 179-key property Courtyard in Pune to cater to the business travelers which is developed by Mumbai-based The Advantage Raheja Group.
NHB residex shows Chennai gallops ahead of 15 other realty markets
Ever since the National Housing Bank (NHB) started preparing residex – an index for tracking the prices of residential properties in 2007, Chennai has been in the news for steep increase in residential prices.
RBI hike in repo rate will hit real estate hard: CREDAI Chief
The RBI move to raise the repo rate by 50…