Realty News
Real estate firm VGN Developers Pvt. Ltd is looking to raise Rs.400 crore from private equity funds to refinance debts. Two bankers familiar with the development mentioned that they are in talks with large private equity funds to raise the capital. The re-financing option is good for them as the money will be used to retire [...] Continue Reading »
The market for high-end luxury villas in Goa is clearly undergoing a flux. The real estate professionals describe this as a ‘correction’ and sales of properties in some locations are shooting up bringing cheer to the developers and land owners. However the sad news is that in some areas which are no longer preferred, the [...] Continue Reading »
Indiabulls Housing Finance is considered as the most valuable company in the diversified group. However the three founders of the Indiabulls group agreed on an amicable split. A shareholder proposed resolutions aimed at removing promoters Rajiv Rattan and Saurabh Mittal, along with three independent directors, from the board of Indiabulls Housing Finance. The identity of [...] Continue Reading »
Post a lull of nearly three years, sale of large land parcels is picking up across the country amid a general improvement in sentiment on expectations that the new government will focus on infrastructure development. Not only the developers but also the private equity (PE) players, too, are keen on joining hands with builders to [...] Continue Reading »
A big news in the real estate market is that global private equity firm Blackstone Group LLP is close to buying 50 % stake in Embassy Services Pvt. Ltd. This is the property management arm of Embassy Property Developments Pvt. Ltd and the deal is expected to be closed at Rs.400 crore. The transaction will [...] Continue Reading »
Bengal Aerotropolis Projects Ltd (BAPL), the specialized infrastructure company engaged in the identification and development of aerotropolis projects in India is currently developing India’s first aerotropolis in Durgapur, West Bengal. This company on Thursday announced that they will enter into the ‘Affordable Housing’ segment. This move is in continuation with its vision of developing societal [...] Continue Reading »
R.P. Singh the chairman of NHAI and his team have come up with some proposals to revive the stressed road ways projects. The board of National Highways Authority of India (NHAI) on Thursday approved a proposal to set up an asset reconstruction company (ARC) to revive the stressed projects. Singh also stated that an asset [...] Continue Reading »
Post the Modinomics wave, the foreign investors are showing a lot of confidence in the Indian markets. Foreign direct investment (FDI) flows to India surged by about 34 % to $ 1.92 billion in June. This was published in an official data prepared by the Department of Industrial Policy and Promotion. In June 2013, the [...] Continue Reading »
Mamata Banerjee’s recent Singapore visit was criticised by many walks of lives. However Sanjiv Goenkathe Group chairman of RPG Enterprises said that West Bengal should not expect any immediate gains from Mamata Banerjee’s Singapore visit. However going two years forward something should happen. He was also a part of the delegation which visited Singapore recently. Goenka, [...] Continue Reading »
The real estate industry body CREDAI (The Confederation of Real Estate Developers’ Association of India) has explained about a few things which will bring cheer to the ailing sector. According to CREDAI, the string of measures announced for the real estate sector in the recent times will give a boost to the industry and will [...] Continue Reading »
