More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
After releasing the vision action plan document at the Collectorate in Chittoor, Andhra Pradesh Chief Minister N Chandrababu Naidu has reportedly approved for establishing another airport at Madanapalle.
Matrix, manufacturer and believer of ‘Made in India’ telecom and security solutions, has been a host of a number of its maiden event Insight. This event has been conducted and used as a platform to spread our reach in different markets, getting in touch with partners and prospective system integrators.
Kotak Realty Fund has reportedly invested a total of Rs 320 crore in two projects located in Chennai and Mumbai from its $250 million offshore-fund. The company has invested in a Rs 80-crore office project in Mumbai and Rs 240 crore in a shopping mall in Chennai. Both these projects are currently under construction.
Abu Dhabi Investment Authority (ADIA) will soon be investing $1 billion in the National Investment and Infrastructure Fund (NIIF), indicate reports, thus aiding India in raising equity funds for the development of its infrastructure.
A hanging marvel by Abhijit Rajan - that's what the recently inaugurated country's longest hanging bridge across river Chambal in Kota is! Rajan, Chairman & Managing Director, Gammon India, along with its JV partner South Korea's Hyundai Engineering, has been a strong pillar in ensuring execution of this project, which took as many as 10 years to be completed.
Pune-based facility management company BVG India is in the initial stages of planning its IPO offering and is in the process of hiring bankers. As reported, the company is laying plans to raise up to Rs 1,000 crore with other modalities being worked out.
BVG India, a Pune-based facility management company, is planning to raise up to Rs 1,000 crore from an initial public offering (IPO, according to reports. The proposed offering is in the early stages of planning and the company is in the process of hiring bankers for it. While it is known that the IPO will be in the range of Rs 1000 crore, the other modalities are being worked out.
In the latest report from Cushman & Wakefield, the top eight cities witnessed residential launches of approximately 25,800 units in the first quarter of 2017, registering a 16 per cent decline from the corresponding period last year. A closer look at the trend indicate that launches have seen a steady quarter-on-quarter (Q-o-Q) decline for the last four quarters, corresponding with the announcement of Real Estate Regulatory Act (RERA) 2016 in March last year and the demonetisation exercise in November 2016.