Investment
New Delhi- In a recent announcement made by Ramprastha Group, it was stated that the investment firm Clearwater Capital Partners, will be investing Rs 100 crore on the 600-acre township in Gurgaon which has been created at a whooping cost of Rs 4,000 crore. Currently, the real estate firm has launched six housing projects consisting of about 3,000 flats along [...] Continue Reading »
Ulwe, a village with mess and uneven streets in the outskirts of Mumbai which even lacks basic facilities but flats in that area will cost you a bomb. The cost of the flats is beyond the reach of mediocre family. Home buyers who were planning to buy in this area said that many builders demand [...] 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 »
Areas such as Wadala and Chembur in Mumbai and Ulwe in Navi Mumbai are the top residential locations to invest in and Knight Frank has predicted a rise of 133%, 125% and 145% in these areas respectively in recent years. Cities like Mumbai, Bangalore, Chennai, the national capital region (NCR) and Pune are identified as [...] Continue Reading »
In a recent announcement by the real estate firm Supertech, it was stated that they have merged with the hospitality chain The Leela Palace, Hotel and Resorts for the management of its luxury hotel in Noida which has been planned to develop with an investment of Rs 450 crore. The hotel containing 250 rooms is [...] Continue Reading »
In an expected reaction, industry body Assocham on Tuesday said the realty sector and investments in Haryana will be hit following the High Court order directing the state government not to issue permits for construction unless builders give in writing that groundwater will not be drawn by them. The body asserted that the order could [...] Continue Reading »
Blackstone Group, US-based private equity major, is set to acquire 36% ownership in the tenanted office space group of Embassy Property Developments, for about $230 million (Rs 1,300 crore). The deal is expected to be Blackstone’s biggest real estate deal in India, giving it part ownership of more than 12 million sq. ft. The Blackstone [...] Continue Reading »
According to the study by Venture Intelligence, a research service focused on PE and merger and acquisition activity in India, Private equity (PE) firms had invested about USD 1.84 billion during the quarter ended June 2012. The investment amount was 34 percent less than USD 2.79 billion invested in the same period last year. Further, [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
The real estate builders and developers must search for alternate source of funding as Private Equity funds are not showing interest in investing into real estate projects in India. The investment volumes as well as the number of investment in real estate projects has been reduced in last one year. As the growth rate and [...] Continue Reading »
