Tag Archive | "Emaar MGF"
Emaar MGF to invest Rs 500cr on Gurgoan housing project
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...Emaar MGF gets Sebi nod for Rs 3,850-cr IPO
Saturday, March 6, 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...Real Estate Developers Reviving Big-Ticket Projects in Kolkata
Tuesday, February 9, 2010
Real estate developers are reviving big-ticket projects in Kolkata after securing a commitment from the West Bengal government that “some kind of incentive” would be offered to help them emerge from the downturn. The projects had been halted for at least 18 months. States such as Maharashtra, Gujarat and Uttar Pradesh have already announced incentives [...]
Continue reading...Emaar MGF Expands its Operations in Chennai
Saturday, January 23, 2010
Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) [...]
Continue reading...LDA approval for township a tall order?
Wednesday, January 6, 2010
Lucknow: It might have constructed the world’s tallest building in Dubai but all is not well for EMAAR-MGF in the state capital. The builder’s two ambitious projects in the city — an integrated township and a Mall — are in a limbo. To begin with, the proposed integrated township on Sultanpur Road finds itself on a [...]
Continue reading...Emaar calls off merger in Dubai
Friday, December 11, 2009
In the backdrop of the debt crisis in the region, Gulf real estate firm Emaar Properties has called off its proposed merger with state-owned Dubai Holding, citing the deal is not “economically viable”. The move comes in the midst of realty firm Emaar-MGF, the Dubai entity’s JV with domestic company MGF Development, preparing an initial public [...]
Continue reading...Raids on realty firm Emaar MGF
Friday, December 4, 2009
IN THE DOCK Enforcement Directorate searches company’s 13 offices in NCR Barely a month before Emaar MGF hits the capital markets for the second time, the Enforcement Directorate on Thursday raided 13 premises of thereal-estatefirmintheNational Capital Region for alleged violation of the Foreign Exchange Management Act (FEMA). FEMA monitors foreign exchange transactions. “We have seized incriminating documents relating [...]
Continue reading...No impact of Dubai crisis on Indian realty market: Developers
Friday, November 27, 2009
A majority of big real estate developers in India today said they are insulated from the financial crisis in Dubai and it will not have any impact in the country’s property market. DLF, Unitech, Parsvnath Developers and Emaar MGF all said they have no exposure in Dubai, while Omaxe said it has an investment of Rs [...]
Continue reading...Emaar MGF says no impact of Dubai crisis
Friday, November 27, 2009
Ahead of its upcoming initial public offer to mop up about Rs 4,000 crore, realty firm Emaar MGF today said it would not be impacted by Dubai’s debt repayment crisis, which has led to a rating downgrade for its Middle-East promoter. Emaar MGF, a joint venture between Dubai-based Emaar Properties and India’s MGF Development, said in [...]
Continue reading...Realty companies eye Rs 15K-crore mop-up
Friday, November 13, 2009
Cash-strapped real estate companies looking for succor from the capital market are likely to run into headwinds on the pricing front. Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues over the past few months were [...]
Continue reading...DB Realty to raise Rs 1,500 cr, files IPO prospectus
Wednesday, September 30, 2009
Mumbai-based real estate developer DB Realty will raise Rs 1,500 crore through an initial public offer and has filed the draft prospectus with market regulator Sebi for the same. DB Realty is into developing residential and commercial projects, including parks and villas. Sources said the company intends to offload 10 per cent of its equity and has [...]
Continue reading...UK’s Hotel Chain Premier Inn Plans to Set up 80 Hotels in India
Tuesday, August 11, 2009
United Kingdom’s hotel chain Premier Inn is planning to open about 80 hotels in the country in the next 10 years. The hotel chain will invest Rs 4,000 crore to build 3-star hotels at various locations in the country with a combined capacity of 9,700 rooms. “We have planned 18 hotels in the first five years [...]
Continue reading...Mohali: The buck stops here
Saturday, August 1, 2009
The medium and long-term real estate prospects in Mohali ride high on the back of several major developmental and infrastructural projects. Mohali, a part of he Chandigarh tricity area, is n the near future likely to give a tough competition to the Chandigarh realty market and leave its sister city Panchkula far behind, in terms of [...]
Continue reading...Six realty cos plan to raise $2.5 bn via IPOs
Monday, July 27, 2009
The builders are back on Dalal Street after a gap of more than a year. At least six real estate firms plan to mop up more than $2.5 billion from the capital markets by December, 18 months after poor response forced Emaar MGF to scrap its Rs 6,500-crore maiden share issue a day after it opened in [...]
Continue reading...Realtors up prices, no clear direction yet
Tuesday, June 23, 2009
SOME DEVELOPERS have started pushing apartment prices somewhat north after an anxious few months in which they jumped to affordable homes in a bit to shore up demand. Builders are walking a tightrope between sustaining demand and tweaking up profit margins,but analysts say it is too early for prices to tighten. The country’s second largest realtor Unitech [...]
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Thursday, March 11, 2010
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