Realty News
Even though the demand in the real estate market remains sluggish, property prices have seen a rise. National Housing Bank (NHB) data shows that in the metros, Delhi and Mumbai have recoded property price appreciation of 33.3 per cent and 22.65 per cent, respectively, through the last two and a half years. Jaipur has topped the list of cities [...] Continue Reading »
Rs 1000 crore will be invested in the wholly owned infrastructure development arm of engineering major Larsen & Toubro, L&T Infrastructure Development Projects (L&T IDPL) ,by Canada Pension Plan Investment Board (CPPIB) . L&T is also looking at a second tranche capital infusion into the company which is of Rs 1000 crore , which is expected to [...] Continue Reading »
Ramky Infrastructure, the Hyderabad-based infrastructure company is in negotiations with private equity fund Morgan Stanley Infrastructure Partners and the Ajay Piramal group to sell three of its road assets to raise funds and cut debts. The company has plans to raise Rs 900 crore from the sale of assets. These assets that company wants to [...] Continue Reading »
With most of the banks concentrating on funding the mainstream infrastructure projects, the National Bank for Agriculture and Rural Development (NABARD) is exploring the feasibility of supporting development of micro-infrastructure in villages. To work on developing the micro-infrastructure projects in villages in areas such as bore-wells, sanitation, electrification (solar/ biogas/ windmill), warehouse to store farm [...] Continue Reading »
Concerns faced by its state-owned enterprises, including real estate major Emaar and telecom giant Etisalat in India, UAE is expected to take up the matter at the high level investment body meeting next week. A Commerce Department official told Business Line that, Anand Sharma ,Union Commerce and Industry Minister in his meeting with the the Managing [...] Continue Reading »
GMR Group has offered a small stake to a clutch of private equity investors in its flagship company to compensate for a delay in facilitating their exit in one of GMR’s units. Singapore’s state-owned investment firm Temasek Holdings Pte Ltd, and a consortium of investors led by Indian private equity (PE) firm IDFC Alternatives have [...] Continue Reading »
The Uttarakhand government is getting ready to set up a new industrial estate exclusively for the MSME sector at Lal Kuan in the Kumaon region, with the draft industrial policy for micro, small and medium enterprises (MSMEs) being fine-tuned and the Centre extending a capital subsidy scheme. Former chief minister, Vijay Bahuguna, has already made [...] Continue Reading »
A change in the ownership of Care Ratings is imminent in the few days, with private equity players Carlyle and Barings making a bid to take over IDBI and other institutions’ 45 per cent stake on Saturday. On Saturday the auction for IDBI and other financial institutions’ stake in Care Ratings was closed. As confirmed [...] Continue Reading »
Bangalore is widely known for its bungalow culture and does not have skyscrapers adorning its skyline. This, however is about to change as a lot of developers are planning projects to come up with skyscrapers in the city. It is learnt that in the next couple of months, Golden Gate Properties, the south based builder [...] Continue Reading »
Gearing for a swifter industrial development, chief minister Vasundhara Raje made announcement for the new industrial areas in state. Ghilot, Kushkera, Tapukera Extension and Karauli are to be developed as the centres of industrial growth, she said. Raje, present at the launch of Honda’s new car manufacturing facility said, “The state is trying to expand industrial infrastructure with involvement [...] Continue Reading »
