In the Real World – The Week that was 17.05.2013

From: Berinder Sahni

Key news

· DLF has sold 32 acre of land in Hyderabad for about R650 Cr to Suvarnabhoomi Developers

· Nitesh Estates is in talks with Hong Kong-based Forum Capital Partners to raise up to $60 million (350 crore) by selling a minority stake in a SPV that owns half-a-dozen of its projects

· JLL India has raised close to Rs 125 crore ($22.8 million) till date for its maiden real estate fund

· The Indian Railways is expected to pay Rs 100 crore to Premier Ltd for acquiring 26 acres of land for the proposed ‘Dedicated Freight Corridor

· DLF’s IPP subscribed 1.82 times, Oppenheimer emerges largest buyer

· Goldman Sachs has exited its investment in Vatika Group; Exit will be in two parts – a part in cash and another as stake in a project of Vatika

· Macquarie Bank bought shares of PVR for R9.47 Cr through open market transactions on NSE

· Antara Senior Living, part of diversified Max India Group, will develop a sprawling residential facility at Dehradun for rich senior citizens entailing an investment of Rs 550 crore

· Sobha Developers plans projects in Kochi, Kozhikode

· The board of directors of Godrej Properties Ltd has approved raising of up to Rs 700 crore through a rights issue

· Matrix Partners-funded Udaipur-based Mewar Orthopaedic Hospital Pvt Ltd is planning to invest Rs 16 crore to build six more hospitals by the end of FY 2014

Warm Regards
Berinder Sahni CFA MRICS

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