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Tata Housing signs two MoUs with Assam Government
Leading real estate company, Tata Housing Development Company (THDCL), today signed dual MoUs with the Assam Government to create commercial developments in the state, a press release issued here said. The first MoU was signed between THDCL and The Department of Industries and Commerce of Assam for creation of commercial space, including business parks and IT [...]
Continue reading...Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
11. March 2010
Real estate firm Supertech on Wednesday said it will invest Rs 4,000 crore for developing 15 realty projects across North India in the next three years, and it is planning to raise capital through a public offer. “Currently, we are developing 12 residential and three commercial projects across various locations in North India. We have planned to [...]
Continue reading...Emaar MGF to invest Rs 500cr on Gurgoan housing project
11. March 2010
Real estate major Emaar MGF will invest Rs 500 crore to build a mid-income housing project at Gurgaon in Haryana. The company, which plans to launch its initial public offer to raise up to Rs 3,850 crore, would develop 1,250 units in the 29 acre-project located at Sector-77 in Gurgaon. Sources said that investment in the project [...]
Continue reading...Shapoorji, Ethiopia ink 50,000ha land deal
11. March 2010
The construction company has decidedto cultivate pongamia pinnata and edible oil seeds there The 140-year old construction firm, Shapoorji Pallonji and Co. Ltd, on Tuesday signed an agreement with the government of Ethiopia to take on lease up to 50,000ha of land to cultivate pongamia pinnata—a feedstock for biodiesel—in its first major step to expand its [...]
Continue reading...Khaitan IAS man to Head Delhi Real Estate Practice
10. March 2010
Khaitan & Co has hired ex-bureaucrat and lawyer Dr PK Agrawal as partner to head its real estate practice in Delhi. This is Agrawal’s first assignment at a law firm, which he has now taken up after retirement. Agrawal said: “As an IAS officer, I was dealing with a lot of court cases, especially in revenue [...]
Continue reading...Realty major BPTP plans Rs 1,500 cr IPO in early FY11
10. March 2010
Real estate developer, BPTP, plans to raise around Rs 1,500 crore through an IPO early next-fiscal, a top company official said. “We have applied to Sebi for approval. We hope to launch our IPO of Rs 1,500 crore early next-fiscal,” BPTP’s Managing Director, Kabul Chawla, said here today. The company, which presently has a networth of Rs [...]
Continue reading...Emaar MGF gets Sebi nod for Rs 3,850-cr IPO
6. March 2010
Realty major Emaar MGF today said it has received the Securities and Exchange Board of India’s (Sebi) approval to launch its Rs 3,850-crore initial public offer (IPO). The company had filed draft red herring prospectus (DRHP) with the market regulator on September 29 last year. “We have received the final observations to our DRHP from the regulator. [...]
Continue reading...Ansal sees Rs 730 cr from two townships
5. March 2010
Ansal API, the New Delhi-based real estate player, is looking at garnering sales of at least Rs 730 crore from two townships in the next two fiscals, even as it ramps up its plans for the affordable housing segment, a source familiar with the development said. The developer is currently working on 19 townships focusing [...]
Continue reading...Jaypee Infra plans Rs 2,600 crore IPO in two months
4. March 2010
Infrastructure company Jaypee Infratech Ltd (JIL), a part of Jaypee Group, has planned to go public with a Rs 2,600-crore IPO in the next two months. The company has filed the Draft Red Herring Prospectus (DRHP) with the Security Exchange Board of India (Sebi). Confirming the development, sources close to the development said, “While the price [...]
Continue reading...Realty developers not pleased at many Budget details
1. March 2010
However, hotel industry welcomes expansion of investment-linked deduction. The devil is in the detail for the real estate sector. Though the Budget gave sops to home buyers in the form of tax savings and interest rate subvention, it quietly brought back service tax on lease rentals in the Finance Bill. Builders said they’d pass on the service [...]
Continue reading...Godrej to Announce Acquisitions
27. February 2010
Godrej Consumer Products Ltd may announce some acquisitions as early as in the financial year beginning April, a top official said on Tuesday. The company has been scouting for acquisitions in personal care products, haircare space and household categories. “We are looking at several acquisitions and we hope to announce some early in the next [...]
Continue reading...DLF converts Mumbai mall project into residential one
26. February 2010
DLF, the country’s largest realtor by market value, is planning to build a premium residential apartment complex at Worli in Mumbai instead of a high-end mall project, as demand for retail spaces has come down sharply, according to a company executive. “We felt residential will do well here, and we will fix the price depending on [...]
Continue reading...DLF sells 1200 units in Panchkula in a week
25. February 2010
Delhi-based DLF, India’s largest real estate company by revenue, today stated that it has sold more than 1,200 units of the Panchkula Valley project in less than a week of opening sales. As against the 500 apartments of various sizes with independent floors announced under the first phase of the project, more than 1,200 bookings have [...]
Continue reading...Emaar to Set up Private University in India
23. February 2010
Emaar Education, a subsidiary of real estate company Emaar Dubai, is setting up a private university in India, a newspaper reports has said. “We have a plan to start the Raffles International University in Jaipur, which will provide higher education in business studies, information technology, science, art, hospitality and other subjects,” Emaar Education Vice-President, Marketing [...]
Continue reading...Govt okays Mothercare JV with DLF
23. February 2010
The government has approved a proposal by UK-based retail major Mothercare to invest Rs 25.87 crore for 30 per cent stake in a joint venture with DLF Brands, the retail management arm of realty giant DLF. Mothercare, which specialises in kids and parenting products, had announced the JV last year through its subsidiary, Mothercare UK Ltd, [...]
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- NOIDA, Greater Noida Flat Booking : but a little cautious
- Delhi : 1000 unauthorized colonies will be regularized soon
- 275-metre ritzy tower to come up in Prabhadevi
- DLF changes tack in city realty market
- MMRDA clears land for 50,000 rental flats
- Gudi Padwa fails to bring cheer to realty market
- Noida Extension is all set to become Delhi NCR’s next budget housing hub
- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
- Ambuja Realty plans Rs.1,065 crore investment
12. March 2010
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