DLF in talks with IDFC to sell its Noida IT park stake
DLF, India’s largest real estate company, is in talks with IDFC to sell the entire 70% stake it holds in DLF IT Park, Noida.
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Sri Lanka, India venture in US$200m development
Sri Lanka’s Rank Holdings, a group which has interests in gaming, power and logistics, is planning a 200 million US dollar hotel and residential complex in the capital Colombo with an Indian partner, an official said.
Shriram Properties may get $125 million PE fund
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 to sell 13-acre Gurgaon plot for Rs 300 crore
DLF is selling a 13-acre plot in Gurgaon, Haryana, as part of its plan to ease its debt burden through asset sales.
Hotel chain Hilton Worldwide to set up 50 hotels in India in five years
Hotel chain Hilton will set up 50 hotels in the next five years, out of which six hotels are operational in New Delhi, Mumbai and Chennai.
Parsvnath Q1 net dips 19%, to raise Rs 2,000 cr
Parsvnath has reported 19.04% fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project.
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.
Godrej in Rs 500-crore deal with Jet to develop Mumbai BKC plot
Godrej Properties Ltd (GPL), the real estate development arm of the Godrej Group, has concluded a Rs.500 crore deal with Jet Airways to develop the latter’s two-acre plot in the Bandra Kurla Complex.
DLF net falls 13% in Q1
DLF on Tuesday, August 2, reported a 12.81 per cent decline in its consolidated net profit for the first quarter ended June 30 at Rs.358.36 crore.
Tata Housing goes to Maldives with villas
Tata Housing has announced a Rs.1,000-crore foray into Maldives with villas priced at a princely Rs.30 crore each.