In the Real World – The Week that was 15 06 2013

From: Berinder Sahni
Date: Fri, Jun 14, 2013 at 10:57 PM
Subject: In the Real World – The Week that was

Key News

· Rana Kapoor, Shriram Properties, is emerging as a strong contender for acquiring a prime real estate development in Bangalore for about Rs 570 crore; Goldman Sachs, has 73% stake in the project, Century Real Estate and Westcourt account for the remaining stake

· Portman Holdings close to picking up a stake in an upcoming project in Bangalore being developed by an arm of Tata Housing Development Company

· RPG Life Sciences sells part of land at Navi Mumbai to Maruti Suzuki for Rs. 76.91 crores

· Ascendas Trust acquired 2 million sq. ft of office space from Phoenix Group in IT hub of Gachibowli, Hyderabad . The deal valued at about $110m

· L&W Construction, has purchased a 10.1 ha land site in Devanahalli, Bangalore for INR1 billion (S$22.09 million)

· Hiranandani to invest Rs 1,000 cr in next two years

· Assotech Realty to Invest Rs 100 crore on Service Apartments in Shirdi

· Amplus Realty Fund looking at final close of $35M fund within two months

· Enforcement Directorate recently alleged that Emaar MGF Land Ltd, violated foreign exchange rules by using Rs 8,600 crore ($1.4 billion) of foreign funds to buy agricultural land

· Godrej Properties Limited, entered into a Development Agreement with Southend Infrastructure Private Limited, to develop a luxury residential housing project on a 5 acre property situated in Okhla Phase 1, New Delhi

· Fairmont Hotels has signed a hotel management contract with BPTP. The hotel will come up on a portion of the 21 acres of land in sector 94, Noida

· Larsen & Toubro (L&T) has bagged a Rs 900 crore contract from Wave Group’s realty to build residential towers in Noida

· International – Carlyle to launch $4bn global real estate fund

Warm Regards

Berinder Sahni CFA MRICS


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One Response

  1. Reblogged this on Joel Lionel Fernandes and commented:
    Real Estate Information for last week

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