Property News from IndianRealtyNews |  |
- Government in Discussions to Consider FDI in Multi-Brand Retail- Sharma
- Parsvnath Planning an Exit from Ahmedabad- Sources
- Unitech Infra to be Listed in NSE and BSE within a Year
- Unitech, Ansal, Omaxe and Parsvnath Rate Positive in Fitch’s List
- Cut Throat Competition among Fund Managers about Realty Debt Papers
| Government in Discussions to Consider FDI in Multi-Brand Retail- Sharma Posted: 28 Apr 2010 12:00 AM PDT The Indian government is consulting various stake-holders on allowing foreign direct investment (FDI) in multi-brand retail and the scope of such investments in other sectors, Commerce and Industry Minister Anand Sharma said Tuesday. ‘FDI in multi-brand retail is part of the discussion paper being prepared by our ministry. We are also studying the scope of FDI [...] |
| Parsvnath Planning an Exit from Ahmedabad- Sources Posted: 27 Apr 2010 11:52 PM PDT Parsvnath Developers Ltd, one of the leading real estate companies in the country, are planning to move their operations out of Ahmedabad, if industry sources are to be believed. After selling its top property in Satellite for around Rs150 crore last month; the company recently sold off another prime land for Rs 30 crore in Vastrapur, [...] |
| Unitech Infra to be Listed in NSE and BSE within a Year Posted: 27 Apr 2010 08:54 PM PDT Unitech Infra, the demerged entity of the country's second largest real estate developer is aiming to get listed on the National Stock Exchange and Bombay Stock Exchange within a year, banking on its high order book and low leverage. The infrastructure arm would have an order book of about Rs 2,700 crore, its services division manages [...] |
| Unitech, Ansal, Omaxe and Parsvnath Rate Positive in Fitch’s List Posted: 27 Apr 2010 08:45 PM PDT Credit rating agency Fitch on Tuesday placed four real estate companies — Unitech, Omaxe, Ansal Properties and Parsvnath — on rating watch positive, in view of the improvement in industry fundamentals. Rating watch positive reflects the possibilities that the ratings can either be upgraded or affirmed at the current levels, Fitch said. Fitch said sustainable operating [...] |
| Cut Throat Competition among Fund Managers about Realty Debt Papers Posted: 27 Apr 2010 07:04 PM PDT The outlook on real estate sector may not be too bright at the moment, but that is not deterring mutual funds from investing in paper issued by property developers. In addition to the old restructured papers of Gurgaon-based builder Unitech, debt schemes of fund houses like SBI, ICICI and UTI have invested in papers of companies [...] |
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