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  • IRB Infra qualifies to bid for Rs 22,000 crore road project

    IRB Infrastructure Developers said it has qualified to bid for projects worth Rs 22,000 crore from the National Highway Authority of India (NHAI) and Gujarat State Road Development Corp (GSRDC) among others. "As regards to the future growth opportunities available, the company has qualified to develop projects worth Rs 22,000 ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 2009
  • UK real estate insolvencies doubled since Q3 2007

    Real estate and construction firms have been the worst hit in Britain by the global downturn, with the number going bust more than doubling since the credit crunch started two years ago, according to a report on Friday. Some 1,573 companies in the property sector went bust in the second quarter, compared with 696 in the third quarter of 2007 ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 2009
  • YSR's death may hit infra companies

    The death of Andhra Pradesh chief minister Y S Rajasekhara Reddy in a helicopter crash this week is likely to affect infrastructure companies more than any other enterprise in the state, reports Business Standard. Reddy’s tenure was known for infrastructure development, including the construction of massive irrigation projects, modern ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 2009
  • Nagarjuna Construction to raise Rs 367 crore via share issue

    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 ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 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 country’s largest realty company, DLF, was up only 0.36 per cent at Rs 414.35 while ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 2009
  • Government recalls two directors from Maytas Infra board

    The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however, continue on the board of the company. "We have to keep two directors on board (of Maytas ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on September 7, 2009
  • Cement Industry Hit By Realty Slowdown

    The slump in the realty sector, which accounts for about 65 per cent of the total cement consumption in India, has affected the cement sector. Since most realtors are facing a severe cash crisis, it is quite unlikely that too much real estate development will take place in the near future. IT/ITES segments account for about 75% of the office space ...
    Posted to India Real Estate News Weblog (Weblog) by 248075 on February 13, 2009
  • 450 Projects Halted And 5, 000 Jobs Lost In Pune Realty Sector

    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 ...
    Posted to India Real Estate News Weblog (Weblog) by 248075 on February 13, 2009
  • Sluggish Realty Market To Jumpstart Again

    Measures announced by the Central government to stimulate the economy by ensuring cheaper loans for homes and industry has raised hopes for people in the real estate and banking sectors. Banks like IDBI Home Finance, ICICI and SBI are anticipating that demand for home loans would increase by 20% in a couple of weeks as queries for home loans have ...
    Posted to India Real Estate News Weblog (Weblog) by 248075 on February 5, 2009
  • PNB signs pact with IIFCL

    Punjab National Bank has entered into a MoU with India Infrastructure Finance Company Ltd. The MoU was inked by Dr. K.C. Chakrabarty, PNB Chairman, and Mr S.S.Kohli Chairman and Managing Director, IIFCL, here on Wednesday. Under the MoU, PNB and IIFCL will cooperate and complement each other's capabilities in the area of creating a deal flow ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on October 23, 2007
  • IMP Powers Bagged Rs65 Crore Order from Maharashtra State Electricity Board

    Makers of electricity meters and transformers IMP Powers has bagged an order worth Rs 65 crore from a renowned EPS Contractor for supply to Maharashtra State Electricity Board. Under the contract IMP Power will supply EHV Transformers of 132 and 220 kv class, the company informed the BSE today. The company plans to execute the order in the next ...
    Posted to India Real Estate News Weblog (Weblog) by 233134 on October 23, 2007