Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Embassy Property Developers Plan to Raise $513m via IPO

Posted: 20 Jul 2010 02:04 AM PDT

Indian real estate firm Embassy Property Developers plans to raise as much as 24 billion rupees ($513 million) through an initial public offering of shares, according to the prospectus filed last Monday. UBS, Nomura, Citi and local investment bank Edelweiss Capital are book running lead managers for the issue, according to the draft prospectus available [...]

Certain Regulation of the Proposed Real Estate Bill can Hit Project and Buyers- Realtors Claim

Posted: 20 Jul 2010 02:01 AM PDT

Even as the real estate sector has welcomed the proposed Model Real Estate (Regulation of Development) Bill, developers feel some of the provisions in the Bill, such as the five-per-cent bank guarantee on project cost, several new advances and reserve funds, will not only block the capital of the developers but also limit the project [...]

IIML Plans to Invest $300 Million in Real Estate and Urban Infrastructure Projects

Posted: 20 Jul 2010 01:53 AM PDT

IL&FS Investment Managers (IIML), one of the country's oldest private equity funds, plans to invest $300 million, or around Rs 1,400 crore, in real estate and urban infrastructure projects by the end of 2010. The PE arm of Infrastructure Leasing and Financial Services (IL&FS), with $2.8 billion assets under management, has already invested an equal [...]

Shriram Group Likely to take over Cash-Strapped Front-End Retail Company of Vishal Retail Ltd

Posted: 20 Jul 2010 12:42 AM PDT

Ram Chandra AgarwalThe Chennai-based Shriram Group is likely to take over the cash-strapped front-end retail company of Vishal Retail Ltd (VRL), after leading private equity investor Texas Pacific Group (TPG) takes charge of its wholesale division. This will be subject to approval from all stakeholders and regulators. Three persons involved in the transaction said an [...]

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