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Maytas Properties, a closely-held firm run by the son of disgraced Satyam founder B Ramalinga Raju, has tied up with Bangalore-based Shriram Properties to develop a prime property in Chennai. It hopes to get loans from banks by pledging the sale proceeds of the developed property as collateral and raise money from banks to complete the upmarket ...

Nagarjuna Construction said it will raise Rs 367.35 crore by way of private placement of shares with qualified institutional buyers. The board of directors have approved to allot 2,77,32,900 shares at Rs 132.46 a piece, totalling to Rs 367.35 crore by private placement with buyers, Nagarjuna Construction said in a filing to the Bombay Stock ...

CHD Developers, the New Delhi-based real estate company, has announced that its latest project ‘CHD Lifestyle’ comprising 138 residential units spread in an area of approximately 1,50,000 sq ft has been completely sold out within a span of six weeks. Meanwhile, the company plans to set up such world class townships in various cities of ...

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, despite lot of apprehension, the association claimed that the 130 association members have ...

Real estate developers have come up with a new gimmick to attract buyers. After budget-houses, builders have come out with 'semi-luxury' flats to cater to high-end buyers. The purpose is to provide various amenities offered by premium projects, but keep the houses affordable by making them smaller. Such houses cost 10 to 20 percent more ...

19th March’ 09, Chennai: BSCPL Infrastructure Ltd., a major player in the construction Industry, today announced the launch of its prestigious project “Bollineni Hillside”, on OMR. Formerly known as B Seenaiah & Co Projects Ltd., the company is working towards making ‘Bollineni Hillside’ one of the largest ...

Falling sales and severe cash crunch have halted the development of more than 450 real estate projects in Pune. This has resulted in loss of jobs of around 5,000 construction workers. A detailed survey undertaken by Promoters and Builders Association of Pune (PBAP), a body that represents a large number of real estate developers in Pune and ...

The government has announced that it will not dissolve the boards of Maytas Infra and Maytas Properties, whose acquisition deal by Satyam Computer for $1.6 billion was aborted following shareholders' dissent. The government has already ordered inspection by the Registrar of Companies, Hyderabad, into eight subsidiaries of Satyam Computer and ...

Mahindra Lifespace Developers Ltd, the real estate arm of the Mahindra Group, is planning to make all its future residential buildings green. The company would set aside Rs. 400 crores as an investment budget for this purpose. Besides that, it has earmarked 325 acres that will provide housing to about 6000 families. 8 Jan 2009 Realty Plus

SRK Group has planned to invest Rs 50 billion in Kerala in the next five years for building apartments and villas in around 16 projects in places like Kochi, Thirssur and Thiruvananthapuram. Currently, the group has 20 projects in the pipeline, including a township called Skywing near the SmartCity promoted by Dubai Internet City. Another realtor ...

Unitech is the worst performing Nifty stock of 2008, the stock has crashed 92 per cent. Its peer, DLF is no better, it has fallen 80 per cent while developers such as Parsvnath and Sobha too have lost 90 per cent. The real estate market has been the worst performing space in 2008 with the BSE Real Estate Index giving up more than 80 per cent. And ...

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 are resorting to short-term borrowings of funds to complete ongoing projects as the economic ...

Gems and jewellery maker, Rajesh Exports Ltd, has deferred its real estate development plans by at least 18-24 months on concerns over slowdown in property demand, Chairman Rajesh Mehta told NewsWire18 here."This is not a wise time to get into real estate business. We will not get into construction activities for the next one-and-a-half to ...

Land, capital and execution skills — most players in the real-estate business come armed with the first of the three considered mandatory to break through in the business.But Mr Prakash Gurbaxani, CEO, QVC Realty, the country’s first private equity-backed real-estate start-up firm, unlike most of his competitors, dived into the brick ...

I have been away from blogging and a lot has happened in Bangalore Real Estate Industry over past 2 months, now starting from the hottest news yes about Brigades IPO, hope it will have a better start then Puravankara, but conditions spell a disaster looking at the market conditions. this is  a group of news collected ...

The biggie of the real estate sector wants to grow bigger, as DLF Ltd plans to borrow $1.5 billion overseas to fund new projects and acquisitions in the next 30 days. It will spend half of the money on buying shares in DLF Offices Trust, a Singapore based entity. The Senior Vice President Mr Saurabh Chawla remarked that ...

For the poor and unprivileged section of Indian Society owning a pucca house still remains a dream. Whereas the World Bank report of April 2007 shows the amazing impact of replacing dirt floors by cement floors in Mexico, adults reported 69 percent higher satisfaction and children's educational development improved by up to 96%. And in India ...

Bangalore based real estate developer, Golden Gate Properties, is believed to be close to a sale of a 20%-30% stake in the company. Leading financial institutions like ABN Amro, Credit Suisse and Deutsche Bank are reported to be in the race for picking up this stake for an estimated $100 million, according to an article in the Economic Times. The ...

MUMBAI: The initial public offering of Puravankara Projects was subscribed 1.91 times according to data available on the exchanges’ websites at 8 pm on Wednesday. The IPO received bids for over 4.09 crore shares against the issue size of 2.14 crore shares. However, the issue evoked a tepid response from non-institutional and retail ...

BANGALORE: The Joint Committee of Legislature on Land Encroachment in Bangalore City/Urban District headed by A.T. Ramaswamy on Thursday tabled its second interim report, which runs to 130 pages, in the Legislative Assembly detecting encroachment of about 30,000 acres of land belonging to different departments and statutory bodies in the ...

Bangalore, 20th July, 2007: Skyline Constructions and Housing Pvt. Ltd., one of the top builders in Karnataka and creators of luxury homes launched their ‘Blueberry Hills’ project in Mangalore today. Mr. Avinash Prabhu, MD of Skyline Constructions and Housing Pvt. Ltd announced that Skyline would invest over Rs. 200 crore in ...

New Delhi, India, June 21, 2007 - Parsvnath Developers Ltd on June 21, 2007, has announced that the Company has bagged another DMRC project for developing an ultra modern fully Air-Conditioned shopping mall outside Netaji Subhash Place Metro Station in North Delhi. The prestigious project located at a prime location on the Ring Road, ...

Lucknow, India, July 04, 2007 - Ansal Properties & Infrastructure Ltd has announced that the Company has signed an Agreement with Fortis Health care Holding Ltd, (Fortis) for setting up a world class Medicity at its Project, Sushant Golf City, located in Lucknow (U.P). In terms of the said Agreement, Fortis shall, set up ...

Property Utsav, which was held at Kanteerva Indoor Stadium on last week on 30th June and 1st July, proved that it was indeed the Biggest Property Exhibition Bangalore had ever witnessed, first I gave a title 'Property Utsav a Big Hit' but then I changed it to 'Property Utsav Bangalore, was a Crowd Puller!' since it is a hit ...

Nagarjuna Constructions Company who have Changed to NCC Urban Infrastructure Limited has started Booking for their New project at Bangalore North with their Residential Project at Yelahanka, for which they have launched a sound marketing campaign, you can see a number of Hoardings if you Drive NH7 towards Yelahanka. Nagarjuna Meadows ...

Chennai, May 25: Mantri Developers Pvt. Ltd., a well-known name in Bangalore real estate world, has signaled its foray into Chennai by announcing its maiden real estate venture here. The inaugural project in Chennai will come up at Padur on the Old Mahabalipuram Road. Christened Mantri Synergy, the project will come up on a 10-acre land. It will ...

Godrej Properties, the real estate arm of the Godrej group, has initiated two projects worth Rs 850 crore in Bangalore.  The company's Bangalore entry is through Godrej Woodsman Estate, a 2.3 million square feet residential project being built in phases. The project is located on 15 acres about 1 km from Hebbal flyover on the Bellary ...

Nagarjuna Construction Co Ltd said recently that it had secured three orders worth 3.02 bn rupees, including a water supply project order worth 2.46 bn rupees. The Economic Times New Delhi Edition March 27 2007 For Apartments in South Bangalore Visit www.mybangaloreproperty.com

The Bangalore-based real estate and infrastructure developer IDEB Projects, which received $34-million private equity funding from the US-based Samsara Capital LLC in February this year has used the funds to build its land bank and ramp up the existing projects, according to Harkirat Singh Bedi, Managing Director, IDEB Projects. The company has ...

Earmarks Rs. 1,000 crore for various schemes Project to be executed in a phased manner Has a JV with Keppel Land of Singapore CHENNAI: Mumbai-based real estate developers Puravankara Group has earmarked Rs. 1,000 crore for various projects it proposes to take up in and around Chennai. The company had already disbursed Rs. 500 crore for its various ...