Fund
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
Bangalore- Portman Holdings is all set to invest around 65 crore and 83 crore in Promont, a Bangalore project of Tata Housing which is the real estate arm of Tata Group. Portman has picked about 26 to 30 percent stake in the high-end residential project, whose equity valuation is 250 crore. The firm has investments [...] Continue Reading »
Bangalore- Chetan Dave, head of IDFC Alternatives real estate investment team, has resigned from his post due to mismatch of interests between him and the rest of the management, as said by sources. Dave had joined IDFC Alternatives in June 2010. His position is expected to be taken up by Satish Mandhana, currently managing partner [...] Continue Reading »
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal. The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again. The equity fund based company can only make an exit if [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
