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Omkar Realtors secures Rs 550-cr for 2 projects
Realty group Omkar Realtors & Developers, which has just achieved financial closure worth Rs 550 crore for its two upcoming projects in Malad and Worli in the city, on Wednesday said it will raise about Rs 200 crore through private equity in the next two-three months. The city-based realty player has secured this fund from a [...]
Continue reading...Ansal Properties plans Rs 400 cr QIP in next 15-20 days
25. August 2010
Realty major Ansal Properties & Infrastructure is understood to be planning to raise up to Rs 400 crore through institutional placement of shares within the next 15-20 days, mainly to reduce its debt. The company will issue fresh shares and is currently talking to “three big domestic and global institutional investors” for the fund raising exercise, [...]
Continue reading...Sobha Developers to Start $107 Million Luxury Home Project in New Delhi Suburb
23. August 2010
Sobha Developers Ltd., the best performing stock on the Bombay Stock Exchange Realty Index this year, plans to start a 5 billion rupee ($107 million) project in a New Delhi suburb to build luxury homes as the economy expands. “We are entering the golden era in real estate now,” J.C. Sharma, managing director of the [...]
Continue reading...Demand for homes to help Ansal Prop maintain growth
20. August 2010
The stock price of Ansal Properties & Infrastructure (API) has nearly doubled in the last one year. The company is benefiting from the demand for affordable housing, which accounts for a large portion of its portfolio. Since the beginning of the year, the scrip has gained 24%, whereas the ET Realty Index has declined 7%. API [...]
Continue reading...Godrej all Set to Develop its 36 Acre Prime Land in Mumbai
19. August 2010
The 36 acres of prime land that Godrej Industries owns in Mumbai are finally being developed and the master plan is almost ready. The first phase of the plan will be 6.5 lakh square feet of commercial space, of which half will house the group companies like Godrej Consumer Products Ltd (GCPL) and Godrej Properties [...]
Continue reading...RG Group to invest Rs 800 cr on housing project in Greater Noida
19. August 2010
Realty firm RG Group said it will invest about Rs 800 crore to develop a housing project in Greater Noida. The company will develop 2,500 units over 18 acres of land in various phases. “RG will invest nearly Rs 800 crore in developing this project, which is expected to be complete by December, 2013,” the company said [...]
Continue reading...Unitech all set to Acquire New Projects
16. August 2010
Buoyed by an over 14 per cent jump in its consolidated quarterly net profit, the country’s second largest realty firm Unitech is all set to explore possibilities for acquiring new projects in the coming months. The company had reported its consolidated net profit for the quarter ended June 30 at Rs 180.04 crore compared to Rs [...]
Continue reading...Alembic to Foray into Real Estate
16. August 2010
Country’s oldest pharmaceutical company Alembic on Friday announced its foray into the real estate sector with the launch of newly formed company Alchemy Real Estate. This business entity will be headed by Udit Amin as CEO. Udit is son of chairman and managing director of Alembic Limited Chirayu Amin. It was in June this year that [...]
Continue reading...VME Realty to Start Residential Project in Chennai
13. August 2010
VME Group, which has its presence in the real estate market from more than two-decade with focus on infrastructure, especially highway and railway bridges, has now turned its attention on property development. Construction is about to begin on its maiden residential apartment project that will offer a total of 302 apartments through a mix of [...]
Continue reading...Bombay Dyeing Focuses on Real Estate to Clear of Debt
13. August 2010
Textile major Bombay Dyeing & Manufacturing Co may clear off its debt in the next few years with greater focus on real estate business, chairman Nusli Wadia has said. Bombay Dyeing’s debt stands at 1,775 crore. “Debt has been a major concern and we will be close to becoming a debt-free company in the next [...]
Continue reading...Vigneshwara to Launch Commonwealth City development Project in Gurgaon
13. August 2010
Vigneshwara developer a leading Infrastructure developer has joined hands with Common Wealth Games as Official Licensee in the Real Estate category for Common Wealth Games, Delhi 2010. Vigneshwara is preparing to launch its first Commonwealth City development Project in Sector-74 Gurgaon in September 2010. For this, it plans to call the ambassadors, chief de mission of [...]
Continue reading...Birla Mills Plans Real Estate Development at its Delhi Land
13. August 2010
K K Birla Group firm Texmaco Ltd looks set for a windfall from its real estate in Delhi. Texmaco chairman Saroj Poddar told reporters, after the annual general meeting of the company, that it is hoping to develop over one million square feet in one of Delhi’s prime locations that belongs to Birla Mills. “We [...]
Continue reading...Tata Realty to PUT rs 800 cr in Chennai projects
13. August 2010
Tata Realty and Infrastructure Ltd (TRIL), a 100 per cent subsidiary of Tata Sons, is planning to invest around Rs 800 crore in residential and infrastructure projects in Chennai. Besides, the company would also invest around Rs 1,400 crore in setting up logistics parks at 14 locations across the country. Sanjay G Ubale, managing director and [...]
Continue reading...Ambuja Realty Plans Rs 500 crore Investment to Open 3 Malls
12. August 2010
Real estate developer Ambuja Realty has announced plans to invest around Rs 500 crore in developing three shopping malls under the ‘City Centre’ brand. “We will set up three City Centres in Raipur, Haldia and Patna,” said Harsh Neotia, chairman, Ambuja Realty. Siliguri City Centre, to be operational from December, was being built at a cost [...]
Continue reading...Nitco in Process to Invest 1000 crore in Mumbai Real Estate Ventures
10. August 2010
“Nitco is in the process of investing about Rs 1,000 crore in three real estate ventures in Mumbai. We have recently completed a Rs 100 crore two lakh square feet project and expect to commence work on a Rs 700 crore, nine lakh square feet residential property venture in two months. Another Rs 300 crore [...]
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- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
27. August 2010
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