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.
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.
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.
Aman Resorts, the chain of luxury resorts owned by DLF may be sold for more than $400 million, according to the sources.
Janaadhar Constructions, handed over the keys to home buyers of Janaadhar Shubha, its first affordable housing project targeted at the aspiring first-time home owner among the urban low income group.
Rakesh Jain booked a flat in one of the projects in Noida Extension. He paid to the developer all the savings from his hard-earned money and had everything in place-due diligence done through his lawyer.
Raids by income tax sleuths on the offices of realty firm M3M recently yielded Rs.314 crore unaccounted income.
Unitech will set up Great India Place (GIP) in Kochi, Kerala. The project consists of a hotel, shopping mall and office complex.