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Journalism of Courage
Indian real estate sector attracts 2.8 billion FDI
DUBAI: The housing and real estate sector in India witnessed foreign direct investment FDI of 2.8 billion in the fiscal year April-March 2009-10,according to indian Department of
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.
