City Lights

Industrial Policy and Promotion. The statistics made available at the IndiaHome property exhibition in Dubai revealed that total NRI FDI inflows through the period April-December 2009-10 stood at 320.05 million. The housing and real estate sector including cineplex,multiplex,integrated townships and commercial complexes etc,attracted a cumulative FDI of 8.4 billion from April 2000 to March 2010,the department said.

Century to raise Rs 700 cr PE funding

NEW DELHI: Century Real Estate Holdings,the realty development arm of three-decade old Bangalore-based Century Group,is looking to raise Rs 700 crore through private

equity players in three tranches. The company is effecting this deal at the holding company level. Century Real Estate raised around 200 million from Goldman Sachs during the recession of 2008-09,is beefing up its land asset base in the development holding arm to cross the 1,500 acre mark to raise additional funding.

HC stays Vishal Retail sale

NEW DELHI: A Delhi court has again stayed the sale of debt-laden Vishal Retail to private equity fund TPG and Chennai-based Shriram Group following LIC Mutual Funds plea. Delhi High Court asked the discount retailer not to dispose of its assets till a settlement is reached. LIC MF,which has an exposure of close to Rs 100 crore in the chain,had slapped a legal notice soon after Deutsche Bank obtained a court order restraining the retailer from selling its business in September last year. Vishal has unpaid debt of Rs 730 crore as of September 2010.

Emaar MGF launches new project

NEW DELHI: Emaar MGF has launched its new residential project named Emerald Floor Select. The new residential

project will have Spanish architecture and is located on Golf Course Extension Road at Sector 65,Gurgaon. This new residential project will have a 4 BHK apartment plan in the range of 350-500 sq yards with the price starting from Rs 1.15 crore onwards.

Ashiana to organise Franchise Meet

NEW DELHI: Real estate developer Ashiana Housing Ltd is

organising an exclusive Franchise Meet in association with Franchise India. The meet will be held on January 29 at Ashiana Village Center,Bhiwadi a town in Alwar near Rajasthan,and is perceived to be the largest Industrial hub in India.