25th November, 2024 :
Agra | Guwahati | North Goa | Noida | Mohali | Rajkot | Surat | Gurgaon | Bhubaneswar | Shimla | more...
|
News Home Element Capital to raise $1 bn fund for low-cost housing Date : Feb 13, 2013 Real estate-focused private equity firm Element Capital is in the process of launching a billion-dollar fund that will invest in low-income housing. BANGALORE: Real estate-focused private equity firm Element Capital is in the process of launching a billion-dollar (about 5,400 crore) fund that will invest in low-income housing, as it looks to take advantage of a resurgent property market. The Element Value Housing Fund, which is expected to be launched by this August, has received commitments of about $300 million ( 1,600 crore) from many high net-worth individuals, en Realty welcomes infra status; market dynamics defy mass housing Date : Feb 11, 2013 The real estate sector has welcomed the Union Housing Minister Ajay Maken’s move to accord infrastructure status to affordable housing on expected lines. The industry body CREDAI has nevertheless called for extending similar treatment to the entire housing sector again on expected lines. However, the market dynamics defy any dreams of mass housing or cheap housing even for the economically weaker sections. On the eve of Union Budget 2013-14 the only thing that has changed is the sentiment since the sector and the government seems to be heading to the same path though pace and approach is slightly different. As against the repeated demands of an industry status, that could have paved way for easy financing and re Realty sector hails Maken's views on mass housing Date : Feb 11, 2013 Mumbai: The realty sector Tuesday hailed the move to grant 'infrastructure status' to affordable housing by union Housing Minister Ajay Maken and urged for extending similar treatment to the entire sector here. "We thank the minister for coming half-way through on the developers' and customers' demands on this issue which can facilitate easy financing and other benefits to boost the most important need of people after food and water," said Lalit Kumar Jain, president, Confederation of Real Estate Developers' Association of India (CREDAI). Maken's observations came Monday at an international conference here which Jain described as "a good beginning, and hoping that he will move further Date : Feb 9, 2013 NEW DELHI: If you want to get to one of Delhi's rare Bihari cuisine restaurants Potbelly on the Rooftop, you don't walk into a mall or into the hippest markets in South Delhi. You will find yourself in the middle of an urban village in the Capital - Shahpur Jat - with puddles, cow dung and people reminiscing about little patches of farmlands. Puja Sahu and Vivita Relan, the 30-something owners of Potbelly on the Rooftop, began with a seed capital of Rs 20 lakh a year ago and are now racing to break even. And as they laugh their way to the bank, they have also helped Jitender Panwar, a 37-year-old who recalls his father plough a farm not far from the restaurant, make a killing from his land. It is a&n Home sales could rebound in 2013 helped by quicker approvals and lower finance cost Date : Feb 7, 2013 BANGALORE | MUMBAI: Home sales in India could rebound in 2013, helped by quicker project approvals and lower cost of finance, according to analysts. "Residential markets have entered CY13 on an encouraging note, with robust offtake seen in new launches across markets over the last three months," global financial services group JP Morgan said in its January report. "We expect volumes in residential markets to improve over the next 12 months on pick-up in pace of new launches coupled with price discounting and mortgage rate cuts." According to CRISILBSE -1.34 % Research, absorption of new residential units across six key cities - Mumbai, the National Capital Region, CREDAI hails infra status move for affordable housing Date : Feb 6, 2013 Welcoming Union Housing Minister Mr Ajay Maken's move to accord infrastructure status to affordable housing, realtors' apex body CREDAI called for extending similar treatment to the entire housing sector. "We are happy that the Centre has come half way through on the developers and customers' demand for according infrastructure status to the housing sector to facilitate easy financing and other benefits and to give a much-needed boost to the most important need of a man after food and water," said Mr. Lalit Kumar Jain, National President of CREDAI. CREDAI - Confederation of Real Estate Developers Associations of India - has over 10,000 members and associations in 20 citie Date : Feb 4, 2013 NEW DELHI: DLF, India's largest real estatedeveloper plans to raise Rs2,100 crore by selling 8.1 crore shares to qualified institutional buyers — known in market parlance as institutional placement programme (IPP) — by April. The move is in line with guidelines stipulating 25% public shareholding. The fund raising will also help reduce the realtor's debt, a company official said. The issue will be the largest fund raising in India through IPP. "The company is going to take board approval in a few weeks," the official said. "We have begun discussion with merchant bankers and are likely to appoint three or four bankers soon." "The pricing will be decided in April. I Aman New Delhi hotel renamed The Lodhi Date : Feb 1, 2013 NEW DELHI: At midnight on Thursday, the elitist AmanNew Delhi hotel in the western fringes of Lutyen'sDelhi, was renamed The Lodhi, a throwback to its former name (Lodhi Hotel) when it was owned by the government. The renaming follows the hotel's owner, real estatefirm DLF's decision to sell back Amanresorts — the luxury hotel chain — to its original owner Adrian Zecha for $300 million. DLFBSE -3.80 % will retain the marquee Delhi property, but will give up the Aman brand name, since retaining the brand would have meant paying a massive fee. Once a red brick-colored government hotel with a socialist hue all over it, the 1965 property metamorphosed into a p Puravankara set to offload Rs 400-crore stake to institutions Date : Jan 31, 2013 Puravankara Projects Ltd. BSE 103.50 0.25 (0.24%) Vol:15261 shares traded NSE 103.55 0.70 (0.68%) Vol:37090 shares traded Prices|Financials|Company Info|Reports BANGALORE: Bangalore-based builder Puravankara ProjectsBSE 0.24 % is planning to Realty firm Ashiana Housing to invest Rs 750cr on four new projects Date : Jan 30, 2013 Ashiana Housing Ltd. BSE 219.80 -0.20 (-0.09%) Vol:821 shares traded NSE 218.00 -3.20 (-1.45%) Vol:242 shares traded Prices|Financials|Company Info|Reports NEW DELHI: Realty firm Ashiana HousingBSE -0.09 % will invest about Rs 750 crore in Bangalore-based Century Real’s debenture default triggers panic in sector Date : Jan 29, 2013 Post default, IL&FS, the debenture trustee for the issuance, has taken legal action as per the trust deed to salvage the money. EDITORS PICK Large IT cos work with startups to add value Old time-tested metrics can't judge IT; analysts ask for new model Mahindra Satyam says ready for new era As deals dry up, investment bankers take an unkind cut in bonus A stealth EU integration will hurt members Kotak Mahindra Bank Ltd. BS J P Morgan provides $70 million debt fund to Puravankara Date : Jan 26, 2013 Puravankara Projects Ltd. BSE 104.65 2.35 (2.30%) Vol:138342 shares traded NSE 104.75 2.85 (2.80%) Vol:363275 shares traded Prices|Financials|Company Info|Reports BANGALORE: An investment arm of J P Morgan has extended abo |
  
    |
|||||||||
© Copyright 2010 - 2012, All Rights Reserved - Reality Infomedia Private Limited.
www.69acres.in | Privacy Policy | Terms & Conditions | Disclaimer
All trademarks, logos and names etc are properties of their respective owners. No part of this website may be reproduced without our written permission.
