Purvankara to expand in overseas market
Puravankara is eyeing the overseas market for expansion. The company’s maiden project in a foreign soil is coming up in Sri Lanka.
Puravankara is eyeing the overseas market for expansion. The company’s maiden project in a foreign soil is coming up in Sri Lanka.
Mumbai-based Panchshil Realty has entered into an MoU with Korean company Hanmi Global Co Ltd for a business arrangement by which both parties would jointly pursue and perform consultancy services for project management.
Fishing in the troubled waters of Indian real estate, Morgan Stanley Private Equity is staring at Rs.200 crore loss.
Mapletree India China, a wholly-owned subsidiary of Temasek Holdings of Singapore, has acquired 100% stake in a Bangalore technology park for Rs.800 crore.
Ozone Group, the Bangalore-based realty developer, is raising a debt of Rs.500 crore from a consortium of banks led by State Bank of India (SBI) for its upcoming residential cum commercial township project – Ozone Urbana.
Unitech Ltd reported a 47 per cent fall in its net profit for the second quarter ended September 30 on the back of rising input cost and interest rate hike, among other factors.
Targeting the growing corporate sector in India, global serviced-residence owner-operator The Ascott International aims to double its presence by 2015 at an investment of about USD 250 million.
It may well go down as one of the biggest real estate scams in the country. The controversial Commonwealth Games village builder, Emaar MGF, has fraudulently sold off over 560 plots it did not own to unsuspecting buyers in Mohali (Punjab).
DLF has said its net debt increased by nearly Rs.1,000 crore in the July-September quarter to Rs.22,519 crore, mainly due to delayed receipt of payments related to non-core asset sales.
DLF Limited has recorded consolidated revenues of Rs 2,577 crore for the quarter ended September 30, 2011, an increase of 2% from Rs.2,520 crore in Q2 FY11.