Shriram Properties
Century Real Estate Venture – the investment arm of Bangalore-based property developer Century Real Estate Holdings – has efforts underway to raise Rs. 350 crore for developing residential projects. Towards that end, the company is currently in discussions with Indiareit Fund Advisors. According to an unidentified source familiar with the matter, Century Real Estate Venture [...] Continue Reading »
Shriram Properties Ltd, a part of the $15 million diversified Shriram group has hit a milestone with the new real estate deal involving legendary film producer A V Meiyappan. Shriram’s real estate unit has big plans of building 700,000 square feet worth of residential property around India’s oldest surviving film studio AVM, where economic interests [...] Continue Reading »
The $100 billion diversified Tata Group has further extended to include Tata Capital, a private equity arm responsible for the first external real estate investment of the group. Tata Capital has invested $80 million (Rs 470 crore) in 15% stake and a board seat in Shriram Properties, the Bangalore-based real estate division of the Shriram [...] Continue Reading »
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
Arvind Mills was a known name in the apparel and retail industry and its brands like Flying Machine and Excalibur were well respected in the market. After launching apparel hubs known as ‘’Megamart’’ the group continued doing well. However it seems that Modinomics has created a positive vibe in the market and everyone is expecting [...] Continue Reading »
The real estate arm of the Rs 60,000 crore Shriram Group, Shriram Properties, is planning to raise around Rs 1,000-1,500 crore equity. The company is in discussions with four PE funds, and the money is likely to be raised by end of next month. M Murali, managing director, Shriram Properties informs that the land bank [...] Continue Reading »
The realty of state may be slowly going down for the people of Seemandhra, but for the realtors there’s no time to be lost. In last 15 days, the sector has seen massive activity with realtors in the Port City stating that the number of enquiries for purchasing property has grown up by nearly 25-30% [...] Continue Reading »
Bangalore- Shriram Group’s real estate arm, Shriram Properties, is planning to raise fund of Rs 300 crore from private equity firms for specific projects. ASK Property Investment Advisors has recently funded Rs 100 crore to Shriram. But the realtor has said that it is looking to raise more funds. Shriram currently has a huge land [...] Continue Reading »
Chennai- Shriram Group’s real estate arm, Shriram Properties, is all set to launch a senior friendly residential project near Guduvanchery, off GST Road, in South Chennai. Collaborating with Age Ventures India (AVI), Shriram Properties has exclusively designed “Shankari Sanjeevani” in order to facilitate senior citizens with their changing practical needs. The project comprises of 134 [...] Continue Reading »
Shriram Properties, the Bangalore-based realty arm of Shriram Group, is reportedly close to settle a Rs 600 crore debt raised from Germany-based Hypo Real Estate Group during late 2007. Shriram Properties will settle the debt through sale of its IT SEZ in Chennai for Rs 500 crore to Singapore-based Ascendas. Hypo Real Estate Holding AG [...] Continue Reading »
