Equity
The residential segment of the real estate market, defies the price determining demand-supply mechanism. The Fitch group’s research arm, India Ratings and Research Pvt. Ltd. recently came up with a report titled “2014 Outlook: Real Estate Sector”. It has been said in the report that the prices of residential units have risen continuously since financial [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
Non-cyclical consumer facing businesses is where the Tata group is putting more money. Trent, Infinity Retail, Tata Capital and Tata Housing is going to receive fresh equity of about Rs 2,500 crore over three years. The group, largely involved in manufacturing and technology, is now shifting focus to new businesses. The fact that Indian households [...] Continue Reading »
US-based hedge Capri Capital Partners plans to raise about $400 million to launch its first India-dedicated real estate private equity fund. Capri Capital has $3.7 billion assets under management and advises pension funds and institutional investors globally. The firm is looking to raise the fund through its India arm, Capri Global Capital, after the upcoming general [...] Continue Reading »
HDFC Portfolio Management Services (PMS), a division of HDFC Asset Management, has sold its 50 per cent stake in property developer Runwal Group‘s project in Mulund suburb of Mumbai for 250 crore. HDFC PMS‘ exit from this project is one of the largest realty fund exits in terms of returns. With 250-crore exit, HDFC PMS [...] Continue Reading »
A new round of worries are about to hover on Indian real estate sector! According to a report by Jones Lang LaSalle, private equity (PE) funds who had invested in Indian realty are going to make an exit by 2012. The total loss of investment would be around $3 billion to $5 billion. The main [...] Continue Reading »
