Leela Group to sell Leela Resorts to ease debt burden
The Leela Group is set to sell its marquee property in Kovalam, a famous beach on the outskirts of the capital of Kerala, as part of an ongoing exercise to ease its debt burden.
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Videocon’s hotel project in Ahmedabad on hold
Videocon Group has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road.
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.
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.
India real estate and the US credit rating cut
The US credit rating cut and uncertainties about Europe’s debt situation is a cause concern.
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.
AIMS Sanya Developers appoints new CEO
Realty firm Aims Sanya Developers has appointed Sonia Kathuria as Chief Executive Officer for the group.
Realty leading in corporate M&A
Real estate along with information technology and financial sectors cornered nearly 52 per cent share in mergers and acquisitions (M&As) out of 68 deals during June and July.
Rate of Return as a quantitative real estate investment analysis tool
Cashflow, in turn, will allow to calculate the property’s expected rate of return.
Sahara Group files appeal with SAT against SEBI
Sahara Group has reportedly filed an appeal before the Securities Appellate Tribunal against the market regulator SEBI order directing the refund of money to investors in its optionally fully convertible debentures.