Debts
An official says that the IL&FS Financial Services expect to collect $1 billion of its targeted $5 billion infrastructure debt fund by September. The IL&FS Infra Asset Management which manages the infrastructure debt fund has planned to collect around $1 billion and hopes to increase the overall amount of $5 billion under management in the [...] Continue Reading »
Bangalore- Many real estate-focused fund managers are coming up with their own ventures and are developing clear fundraising strategies to convince the investors. Bani Banerjee, former executive director and chief investment officer of TCG Real Estate, who has recently set up an advisory and asset management company, India Global Inc. Pvt. Ltd., said that not [...] Continue Reading »
A leading real estate company, Housing Development and Infrastructure Ltd. (HDIL), is planning to construct a township in Noida. This 100 acre villa township is going to be its first project outside Mumbai. Mr. Hari Prakash Pandey, Vice-President, Finance and Investor Relations, HDIL, has revealed that the project will be launched in another 8-10 days [...] Continue Reading »
With so much happening in real estate, some developers look for an opportunity to make it big in the market. Due to heavy debts, many developers are selling off their pet projects. The rich developers grab this opportunity by getting a good deal out of it. Developers like Sunteck Realty, Ajay Piramal Group, Peninsula Land, [...] Continue Reading »
A renowned real estate group, Puravankara Projects is to sell three commercial properties to clear off its rising debts. The properties are located in Bangalore and Chennai and will be sold at around Rs 250 crore. Currently, the group has an outstanding debt of Rs 1,160 crore as the profit has been down by almost [...] Continue Reading »
The country’s fifth largest revenue private sector lender, Kotak Realty Fund has decided to lend Rs 523 crore to the real estate developers. On behalf of same discussion, the Kotak Realty Fund expert say that they have raised money for debts from its present investors who are contended with the returns they have got till [...] Continue Reading »
Real estate analysts maintain that the prices have started softening in Delhi as well as peripheral urban areas like Chandigarh, Mohali and Panchkula. But developers refuse to believe that the prices would come down in the periphery as the prices are “rational” in the peripheries. Amit Jain from Premium Acres said, “Prices have started coming [...] Continue Reading »
