In the Real World – The Week that was

From: Berinder Sahni
Date: Fri, Apr 5, 2013 at 9:19 PM
Subject: In the Real World – The Week that was

Key News

· Indiareit invests Rs 100 Cr invested in a slum project by Omkar Realtors in Central Mumbai. The under-construction project is spread over 17 acres at Bhoiwada and has a potential free-sale component of 2.5 million sq ft. invests Rs 100 crore in Marvel’s projects in Pune, Bangalore and Mumbai

· Indiareit Fund Advisors is set to launch its new domestic fund with a corpus of Rs 750 crore ($138 million)

· Godrej Properties and Tata Institute of Social Sciences have renewed their offers to develop a 963-acre sprawl in Palghar owned by the Iranian Zoroastrian Anjuman Trust

· Godrej Properties, has entered into a partnership to develop a 1.5-million-sq-ft residential project at Undri in Pune

· Ambuja Neotia group, which is foraying into hospitality segment, is in the process of investing Rs 250 crore to open six resorts under the “Kutir” brand

· Publishing company S Chand & Co is close to selling its Chennai hotel property, Atlantic Hotels, to CEEBROS Property Development for about Rs 180 crore

· Alpha G:Corp. joins hands with the Chennai-based Rattha Group to develop a Rs 1,000-crore integrated residential township in Chandigarh

· US-based Signature Senior Living has formed a joint venture with Coimbatore-based Covai Properties to foray into the old-age care market in India

· Kingfisher Airlines Ltd.’s creditors may start seizing and selling its property

· DLF has appointed four global investment bankers to sell fresh shares to raise around Rs 2,000 crore to reduce debt

· Forum Group plans to invest Rs 3,000 crore for expansion. The Kolkata-based group has identified properties in Mumbai, Kolkata and other eastern cities such as Jamshedpur, Rourkela and Bhubaneshwar for development

· IL&FS Milestone Fund is likely to invest Rs 100-150 crore next month

· Damac, Dubai based private developer to launch $1bn property project in India. It has also been considering listing its shares on the stock market and has approached banks with proposals

· Park Hotels launched design driven upscale brand ‘Zone by The Park’, as part of the brand’s expansion plans

· Sequoia backed Moonchand Healthcare Pvt Ltd to acquire 3 more hospitals

Source: Compilation of news articles from various publications

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