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August 2009 - Posts

3 BHK Luxurious Apartment for Sale in Indiranagar Posh Location

Heart of the Heart of the City • 1,640 sq. ft., 3 bath, 3 bdrm apartment "Total 9 Units" - Rs9,900,000 - Rs.99 Lacs Indiranagar, Bangalore - Presenting a Golden Opportunity to Buy a Premium 3 Bedroom Apartment in a Prime Address of Bangalore-Indiranagar Read More...
Posted Tuesday, August 18, 2009 6:45 PM by Farooq M | 0 Comments

It’s right time to buy, say City Developers

Housing, is affordable and affordable housing is even more affordable. That’s the mantra of Confederation of Real Estate & Developer’s Association of India’s (Credai) — Karnataka chapter. Painting a rosy picture of the industry, Read More...
Posted Wednesday, August 12, 2009 7:53 PM by Farooq M | 1 Comments

ICRA downgrades ratings of Brigade Enterprises

Credit rating agency, ICRA has downgraded the rating assigned to the Rs 7.07 billion fund based and non-fund based limits of Brigade (Q,N,C,F)* Enterprises (BEL) to LBBB- from LBBB+ earlier. LBBB indicates the moderate-credit-quality rating assigned by Read More...
Posted Sunday, August 09, 2009 11:55 AM by Ehsan W | 0 Comments

Brigade Group and Puravankara steps into KPL gets Bangalore Teams

On an evening where crores were bandied around with abandon despite the current recession, real estate builder Brigade Group emerged as the highest bidder and bagged the ownership rights of the most coveted team in the Karnataka Premier League (KPL) — Read More...
Posted Sunday, August 09, 2009 11:19 AM by Ehsan W | 0 Comments

Provident Housing buys 62 acres in Bangalore for Rs 150 cr

Provident Housing, a fully-owned subsidiary of the Bangalore-based Puravankara Group, is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been struck for a value of Rs 150 crore. A person involved Read More...
Posted Monday, August 03, 2009 7:09 PM by Farooq M | 0 Comments

Puravankara's Nano Homes-Welworth City gets Good Response for its First Phase

Provident Housing Ltd, a wholly-owned subsidiary of Puravankara Projects, has launched its affordable housing project in Bangalore. Welworth City is its second project in the country; the first project was announced in Chennai. The company is also exploring Read More...
Posted Sunday, August 02, 2009 4:24 PM by Farooq M | 3 Comments

Sobha Developers to raise Rs 1,400 cr by selling land parcels

Sobha Developers Ltd is working hard to raise about Rs 1,200-1,400 crore by selling part of its land parcels in a bid to reduce its outstanding debt. The developer has a time line of around two years to raise funds and is looking at outright sale or by Read More...
Posted Sunday, August 02, 2009 4:16 PM by Farooq M | 0 Comments