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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 ...

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, 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 ...

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 ...

BANGALORE: Hamburg-based real estate investment management company, Union Investment Real Estate AG, which manages assets worth over e13.2 billion globally, is in talks to buy out the Bangalore-based India Builders Corp’s Knowledge Park which is located on Bannerghatta Road Near Diary Circle, partly or in whole, for an undisclosed amount, ...

Real estate developers are increasingly looking at private equity firms as banks are turning off the taps due to the Reserve Bank of India’s stringent guidelines on funding commercial and retail developments.  In the first two months of 2007 alone, nearly Rs 1,500 crore worth of private equity deals have been forged by developers all ...

Puravankara Projects, a Bangalore-based real estate company, is in talks with global hotel majors including Accor and Marriott to set up hotels and serviced apartments in Bangalore, Chennai and Kochi. Details regarding the size of the deal are not known. When contacted, Ravi Puravankara, chairman, Puravankara Projects, declined to give a direct ...

Delhi-based integrated real estate development company, DLF has lined up two integrated towhships in Bangalore with an investment of Rs. 400 crores. The company plans to set up the townships on Hosur Road and Bannerghatta Road. It has already taken possession of land and the townships are to be built on two 80 to 100 acres plots. The integrated ...

Bengalooru-based Golden Gate Properties is understood to be in advanced talks with 2 leading European banks, apart from the Blackstone Group, to raise close to $200 mn (Rs 900 cr). A company announcement on the same is expected shortly. Headquartered in Bengalooru, Golden Gate Properties controls a sizeable land bank of close to 350 acres in and ...