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One group to invest Rs 250 crore in realty

One group to invest Rs 250 crore in realty
One group, well known for their various business verticals like; realty, engineering, sports goods and health care are now all set and ready to invest around Rs 250 crore in realty sector by 2014. This company initially started as a real estate developer and later on diversified into many sectors. However, with the plans of [...] Continue Reading »

HDIL to sell two acres land for Rs 300 crore

HDIL to sell two acres land for Rs 300 crore
Housing Development & Infrastructure Ltd (HDIL), a renowned real estate developer is to sell a two acres plot in Andheri, Mumbai. The deal has been stuck at around Rs 300 crore between HDIL and another real estate group. This plot was already a part of the land on which its residential project Metropolis was being [...] Continue Reading »

Sobha Developers eyes on new sales target

Sobha Developers eyes on new sales target
Sobha Developers, a Bangalore based real estate developer is eyeing on more revenue in 2011-12. As per report, they are expecting a revenue of Rs 1,500 crore from their sales in the fiscal year 2011-12. The company has already sold 818,935 square feet in the fourth quarter of October- December 2011 at Rs 5,475 per [...] Continue Reading »

BPTP buys Merrill Lynch’s stake in Gurgaon project

BPTP buys Merrill Lynch’s stake in Gurgaon project
BPTP, a renowned real estate developer has bought Merrill Lynch’s stake in its Gurgaon property. The developer buys 49% of Merrill Lynch stake in the Gurgaon Crest office complex for Rs 180 crore. In 2007, Merrill Lynch had invested Rs 100 crore in the project. Even BPTP has its own office in the same complex. [...] Continue Reading »

Brigade Enterprises to raise Rs 150 crore through PE fund

Brigade Enterprises to raise Rs 150 crore through PE fund
Brigade Enterprises, a Bangalore based real estate developer has plans of raising Rs 150 crore from a private equity fund. The developer will raise the amount by discharging one of its commercial property in Whitefield. The project they are planning to discharge is Summit Brigade Metropolis having a built up area of 800000 square feet [...] Continue Reading »

Mulberry Woods, an upcoming project in Sarjapur Road

Mulberry Woods, an upcoming project in Sarjapur Road
Yet another project with unique features and spacious units in Sarjapur Road. Saran Developers, a city based real estate developer is soon going to present a gated residential community named Mulberry Woods. Saran Developers & Infrastructure (I) Pvt Ltd is a group of well experienced team of professionals who are able to apply this knowledge [...] Continue Reading »

Salarpuria acquires 300 acres land in Bangalore

Salarpuria acquires 300 acres land in Bangalore
Salarpuria Sattva, a renowned real estate developer has acquired more land in Bangalore for future projects. The developer has acquired around 300 acres in Sarjapur and Whitefield area for development of projects. It has plans of developing nearly 30 million sq ft on the lands acquired. All types of developments ranging from residential complexes, apartments, [...] Continue Reading »

Houses for slum dwellers adjacent to mall

Houses for slum dwellers adjacent to mall
It is all because of BBMP who will make it possible for slum dwellers to stay near a mall. Slum dwellers of Ejipura will soon shift to a new group housing complex which will be constructed besides a mall. The proposal of developing a housing complex and a mall in the Koramangala area was signed [...] Continue Reading »

New mid-segment apartment project in Noida

New mid-segment apartment project in Noida
Amrapali Group, a Noida based real estate developer will be soon launching two residential projects in Noida. Rs 220Crore investment will be raised wherein IL&FS Investment Managers will be investing Rs 100Crore on Princely Estate, mid-segment apartment project in Noida which is spread across 20 acres. Whereas JP Morgan Chase will be investing Rs 120 [...] Continue Reading »

Crorepati tax payers!

Crorepati tax payers!
Indore Income Tax department is all set and ready to reveal the list of crorepati taxpayers. It seems that Indore city is witnessing unending list of billionaires. According to the income tax department, number of crorepati taxpayers has raised from 195 to 260 for the year 2011. These rich people are also generating lots of [...] Continue Reading »



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