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1.Housing projects hits soft patch

According to realty research firm, PropEquity, launch of housing projects across top eight cities dropped 31 per cent since the September-December 2010 quarter. This has been due to the widening gap between demand and supply of apartments.


2.In the right direction

Vascon Engineers, an EPC and real estate developer (winner of one of the Top Ten Builders award by Construction World and the second real estate development company to go public after Godrej Properties), has recently announced an IPO of Rs 200 crore.


3.DIH invests $12 mn in Hyderabad project

Private equity firm Duet India Hotels Ltd (DIH) has pumped in $12 mn in a five-star hotel project in Hyderabad.


4.Hyatt Place hotel opens in Gurgaon

Hyatt Hotels & Resorts and SAMHI hotels have launched the Hyatt Place Gurgaon/Udyog Vihar. This is the second Hyatt Place hotel in India and has 176 rooms with an approximate investment of Rs 172 crore.


5.NPCIL to set up venture with IOC, Nalco

Nuclear Power Corporation of India (NPCIL) which recently signed an agreement with NTPC to set up nuclear power plants, is planning to set up similar joint ventures with Indian Oil Corporation (IOC) and aluminium major National Aluminium Company (Nalco) in the immediate future.


6.Dalmia Bharat gets Rs 500 cr from KKR

Private equity firm KKR has inv-ested Rs 500 crore in Dalmia Bharat Enterprises, a leading cement manufacturer.


7.Omkar projects receive Rs 550 cr

Mumbai-based Omkar Realtors & Developers has announced its plans to raise about Rs 200 crore through private equity.


8.KKR buys 21% stake in Dalmia Cement

Kohlberg Kravis Roberts (KKR), the US-based private equity will invest Rs 750 crore in the demerged cement entity of Dalmia Cement- Avnija.


9.NHDC to develop 1,320 MW thermal plant in MP

The Narmada Hydroelectric Development Corporation, which is a JV between Madhya Pradesh Government and National Hydro Power Corporation (NHPC), has won a 1,320 MW thermal power project in Jabalpur.


10.Zuari to venture into cement business

Zuari Industries is planning to re-enter the cement industry after exiting it four years ago.