Taking off as a finance and leasing company in 1990, SRS Group has come a long way. Known as BTL Investments Ltd and Bansla Finlease Ltd then, the company diversified its business and entered into the manufacture and marketing of edible oil and tea in 1997.
IL&FS Infrastructure Leasing and Financial Services, which took over the reins of crisis-ridden Maytas Properties in 2011, will be investing Rs 150 crore in developing a residential apartment project in the vicinity of ‘Maytas Hill County’ located on the outskirts of Hyderabad.
NESCO Sales and Rentals has acquired Utility Equipment Leasing Corp (UELC), which adds more than 500 pieces of equipment to the company’s fleet. The purchase includes three of UELC’s service centers in Waukesha, WI, Fort Worth, TX and Ontario, CA.The acquisition consolidates the company’s position as one of the premier service and equipment providers in the markets.
In Bangalore, rentals of high-end villas have dropped over the past year, as leasing deals from the expat community have almost halved and supply of units has increased. Data shared by multiple global real estate consultants and city-based brokers show that rentals for high-end villas have fallen between 25 per cent and 30 per cent in the last one year.
IL&FS Rail (a subsidiary of Infrastructure Leasing and Financial Services) awarded an approximately Rs 574 crore worth of turnkey project to a consortium of Siemens, Siemens AG and Siemens, China. The consortium secured the contract, which is valued at about 70 million euros. The consortium is responsible for extension of the Gurgaon metro line with a new 7 km southern line. The line will add six stations in sout
Under the leadership of Dr Kushal Pal Singh, Chairman, DLF Offices, the group seems to be ahead in the office leasing space by having leased out 3 million sq ft in FY14. Out of the 3 million sq ft, 1.7 million sq ft has been leased out in Gurgaon alone.
The commercial real estate office segment in India is primarily a leasing market. Although Indian firms have traditionally preferred to purchase office properties for their own businesses, multi-national entities in the country typically prefer to lease office space.
Infrastructure Leasing & Financial Services Ltd (IL&FS) was incorporated in 1987 with the twin business mandates of commercialising infrastructure projects and setting up value-added financial services. The initial JV format included Central Bank of India