HDFC to raise $600 million for property fund
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.
The resolution for a dividend was blocked on Thursday, September 29, at the Annual General Meeting (AGM) of Unitech, the second-largest real estate firm in India.
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. Analysts believe Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.
DLF and The 3C Company are likely to sell their IT Park in Noida to Infrastructure Development Finance Company (IDFC) for about Rs.500 crore.
Norwegian telecom giant Telenor has started a process to raise up to Rs.8,000 crore in its Indian joint venture with real estate developer Unitech, said a top company executive.
We recently saw an unprecedented turn in India’s history, when public opinion and passive resistance led by a small group of ‘civil society’ representatives persuaded a reluctant Government to proceed towards an anti-corruption legislation.
The Securities Appellate Tribunal (SAT) on Wednesday, September 7, asked Sahara to file an affidavit explaining the method by which entities of the group had raised thousands of crores of rupees from investors through convertible instruments.
Jaiprakash Associates (JPA), the Jaypee Group flagship, is on the look out for a strategic partner for its cement business, the third largest in the country.
Ashiana Housing Ltd., Delhi based real estate player becomes the only real estate company from India to figure in ‘Asia’s Best Under A Billion1 list of companies compiled by the Forbes magazine for 2011.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.