Indian Real Estate and Property News Weblog


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07 September 2009
IIFCL eyes Rs 11,500 crore disbursal this fiscal
Government-owned India Infrastructure Finance Company Limited (IIFCL) expects to disburse close to Rs 11,500 crore this financial year. “Our disbursement so far this financial year has been close to Rs 6,300 crore. It was Rs 4,891 crore by the end Read More...
07 September 2009
Realty stocks continue to shine
Real estate stocks on Friday continued their upward march with few showing signs of weakness in what is seen as a range-bound market for now. The Realty Index too saw a minor upside at 4297.49 up 2.09 per cent over Thursday’s close. However, the Read More...
13 February 2009
New Realty Investment Plans Take A Hit, Says Assocham
According to an industry survey, fresh investment plans in the real estate segment have taken a plunge of about 82 per cent between the first and the third quarter of the current financial year showing a slowdown in demand in residential and commercial Read More...
13 February 2009
Unitech Plans To Raise $560 Million From PE Funds
Realty major, Unitech is in talks with private equity funds for investments up to $560 million (Rs 275 billion). According to sources, the company is also in negotiations with banks to restructure an additional Rs 500 crore (Rs 5 billion) of loans as Read More...
05 February 2009
Housing For All, A Dream That Might Come True Soon
Housing for all has remained an elusive goal in a country which is seeking to become a global economic power. The current economic crisis offers an opportunity to turn this dream into reality. The slump in realty, created by the global economic slump, Read More...
05 February 2009
Dubai Developer Planning To Sell off Stake
The developer of palm-shaped islands off Dubai's coast has announced that the company is considering selling shares to the public. The state owned company talked about the same in a report in London's Sunday Telegraph newspaper that it is talks Read More...
05 February 2009
Small Realty Companies To Rework Their Pact With Landowners
With land prices going down, many medium-sized developers are trying to renegotiate the joint development agreements (JDAs), they had signed with landowners earlier. When the real estate market was at its peak, several medium-sized developers found it Read More...
05 February 2009
Overseas Investments to Boost Realty Sector
According to the second economic stimulus package announced by the government, the real estate sector would now be allowed to tap the external commercial borrowing route to raise money, subject to the Reserve Bank of India approval, provided the money Read More...
25 January 2009
Goldman Sachs Buys A Rs 30 Crore Stake In Indiabulls Real Estate
Foreign fund Goldman Sachs Investments Mauritius (India) has bought shares worth Rs 30.84 crore in Indiabulls Real Estate through open market transactions. As per the information on bulk deals available on the National Stock Exchange, Goldman Sachs Investments Read More...
25 January 2009
Banks Reassess The Value of Properties As Prices Fall
With a sharp decline in property prices, leading banks, including State Bank of India, have started revaluing properties against which loans have been granted. According to sources familiar with the decision, banks are worried that the recent fall could Read More...
25 January 2009
Indian Realtors Bank On CPs
Indian real estate companies have taken up borrowings through issuances of commercial papers (CPs) after the country's central bank injected liquidity by slashing cash reserve ratio and as banks continue to shy away from extending loans. Realtors Read More...
18 September 2008
HDFC enters Home Equity Business
HDFC , India's largest housing finance company has made a big move in the home equity business by offering loans against property at 13.25%. This could turn out to be a big business opportunity for the lender since most of its borrowers pre-pay home Read More...
18 September 2008
Berggruen Holdings to Invest $300 m in India
Berggruen Holdings is a private company, with interests in private equity, stocks and bonds, hedge funds, art and real estate. Berggruen Holdings is a New York-based fund which manages proprietary capital worth over $1.5 billion, plans to invest over Read More...
20 April 2008
DLF, Nitesh, HDFC vie for Beacon House
DLF, Nitesh Estates and HDFC Realty are amongst the bidders reportedly in the fray to acquire NRI tycoon C Sivasankaran’s Beacon House, located off the upmarket Cenotaph Road in the heart of Chennai. The 3-acre property, a former residence of UB Read More...
13 December 2007
ICICI Launches Real Estate Security Fund
ICICI Prudential Mutual Fund recently launched its real estate securities fund, which is the first real estate mutual fund in India. The new fund offer is open for subscription from November 15 to December 14, 2007. The fund will invest 51 per cent of Read More...
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