Milestone directors to decide on new CEO soon
The Board of Directors of Milestone Capital would meet in a couple of days to decide on a successor to Ved Prakash Arya, Managing Director and Chief Executive Officer of the private equity company.
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Impresario raises Rs 48Cr from Mirah Hospitality, Beacon India
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.
Carlyle Group invests $26 m in Jerry Rao’s housing co
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.
CREDAI pats BMC, asks for extra FSI in Pune too
CREDAI welcomed the BMC’s announcement that the redevelopment projects in the city will not be covered under new DC rules for levying extra premium on FSI for certain areas.
10 more cases against DLF pending with CCI
It seems the Competition Commission of India (CCI) ruling on the DLF to pay penalty has opened the can of worms.
New building technology ready to reduce India’s housing shortage
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.
ASK Property Investment Advisors to raise Rs 10 bn by December
India’s ASK Property Investment Advisors aims to raise a Rs.10-billion ($219 million) fund by December in a bet on the long-term case for property in Asia’s third-largest economy, said a top official.
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.
CREDAI opens e-PROFEST
Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune has opened e-PROFEST 2011, Pune’s Virtual Realty Fair.
DLF plans to cut debt by Rs 3,000 cr
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.