Property News from IndianRealtyNews |  |
- Hindustan Construction to Acquire 66% Stake in Swiss real estate developer Karl Steiner AG
- Apollo in Advance Talks to Acquire Citigroup’s Real Estate Unit
- Office India calls of Deal with Bangalore-based Brigade Group
- Emaar MGF to Invest Rs 500 cr on Gurgoan Housing Project
- 30% Rise in NPAs- Banks to be Cautious in Extending Loans to Real Estate, Retail
| Hindustan Construction to Acquire 66% Stake in Swiss real estate developer Karl Steiner AG Posted: 16 Mar 2010 12:14 AM PDT Hindustan Construction Co. said Monday it agreed to acquire a 66% stake in Swiss real estate developer Karl Steiner AG for about $33 million in cash to gain a foothold in Europe and the Middle-East. The deal will also help the company expand into the fast-growing buildings construction segment in India, HCC Chairman and Managing [...] |
| Apollo in Advance Talks to Acquire Citigroup’s Real Estate Unit Posted: 15 Mar 2010 11:21 PM PDT Apollo is in advanced talks to take over Citigroup’s real estate unit with global assets worth $12.5 billion. Global private equity house Apollo Management LP may assume control of about seven to eight investments of Citi Property Investors (CPI) in India, on which it is currently holding due diligence. Apollo is in advanced negotiations to [...] |
| Office India calls of Deal with Bangalore-based Brigade Group Posted: 15 Mar 2010 10:21 PM PDT Oracle India, which was in talks with Bangalore-based Brigade Group for 1.2-million sqft commercial space in its Brigade Gateway project, has called off the deal. The IT major was planning to take office space in Brigade Northstar, a 30-floor tower complex within Brigade Gateway, to consolidate its multiple leased spaces in Bangalore. Oracle told its [...] |
| Emaar MGF to Invest Rs 500 cr on Gurgoan Housing Project Posted: 14 Mar 2010 10:42 PM PDT Real Estate Major Emaar MGF will invest Rs 500 crore to build a mid-income housing project at Gurgaon in Haryana. The company, which plans to launch its initial public offer to raise up to Rs 3,850 crore, would develop 1,250 units in the 29 acre-project located at Sector-77 in Gurgaon. Sources said that investment in [...] |
| 30% Rise in NPAs- Banks to be Cautious in Extending Loans to Real Estate, Retail Posted: 14 Mar 2010 10:26 PM PDT Banks' non-performing assets have shot up nearly 30% at the end of calendar 2009 from a year ago due to stress in many sectors and farm loan waiver, indicating sharply lower profits for banks and possibility of curbs on exposure to sectors that have contributed to the bad assets. In a reply to the Rajya [...] |
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