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

www.unicusadvisors.com

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