Costly fund chase ahead in 2012-II
The combined net debt of India’s 11 listed developers rose 15 percent in the 12 months through June to 385 billion rupees, according to Mumbai-based Edelweiss Securities Ltd.
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IL&FS buys 9.4% in Indiabulls’ Worli project for Rs. 200 crore
IL&FS Investment Managers, India’s only listed private equity fund, has acquired 9.4% shareholding in an Indiabulls’ firm that is developing the 8.3-acre Bharat Mills at Worli in south central Mumbai.
2012: Year of cautious optimism for real estate-IV
The much anticipated opening up of Foreign Direct Investment (FDI) in multi-brand retail has renewed interest of several large international retailers in Indian retail market.
Barclays find skyscraper boom matching China as a sign of bubble in Indian realty
India which is building the world’s second-tallest skyscraper, is catching up with China in an office building boom that may indicate that an economic slowdown is imminent, according to Barclays Capital Research.
Parsvnath’s super luxury retail ambition goes for sale
Once hailed as the new experience in the destination shopping of super luxury, Parsvnath Developers is reportedly selling its 1.2-acre plot in the heart of Delhi, near Connaught Place, hoping to raise Rs.700-800 crore for paring its debt.
Global Emerging Markets and Vittal Innovation city to develop Advanced Hitech Electronics city in Lepakshi Knowledge Hub
Global Emerging Markets and Vittal Innovation City in a joint venture with Lepakshi Knowledge Hub, are developing a green eco system for Knowledge based services, manufacturing, R&D and incubation activities.
Supertech launches ‘ORB’ at Sector 74, Noida
Supertech has launched the launch of ‘ORB’ — a circular-shaped, 50 storey luxurious residential development, masterminded by the former bollywood actress and interior designer Twinkle Khanna.
Costly fund chase ahead in 2012-I
Macro level forecast suggests Asia in general, and China and India in particular, will continue to attract foreign direct investment (FDI) despite the slowdown as Europe and the US continue to grapple with economic problems of their own.
Hyatt Introduces Hyatt House in India with agreement for hotel in Mumbai
Hyatt Hotels Corporation has introduced its new Hyatt House extended-stay brand in India, with the signing of a management agreement by a Hyatt affiliate for a hotel in Mumbai.
Gruh Finance Q3 results show 30% increase in PAT
The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. – has approved the accounts for the quarter ended December 31, 2011 at their meeting held in Mumbai on January 12, 2012.