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  • DLF and Hubtown sell Pune SEZ to Blackstone for Rs 810 crore

    Ravi Teja Sharma, New Delhi, The Economic Times

    December 28, 2011

    Real estate developers DLF Ltd and Hubtown Ltd have sold an IT SEZ that they co-own in Pune to private equity fund Blackstone for Rs 810 crore. DLF has a 67% shareholding in the joint venture company that owns the 1.8 million sq ft SEZ in Pune's Hinjewadi area.

  • Real estate houses most PE investments in 2011, attracts $1,700 million

    Tapash Talukdar, Ahmedabad, The Economic Times

    December 23, 2011

    Real estate emerged as the popular parking place for private equity funds who invested $1,700 million in the sector during 2011. Power sector that topped the PE charts during the first six months of the year finished third with $892-million investments behind automotive sector that could attract $1006 million private equity funding.

  • PEs rake in money from realty amid slowdown

    Raghavendra Kamath, Mumbai, Business Standard

    December 22, 2011

    Amid the perception of gloom and doom in the Indian property market, here’s something to cheer about. The real estate industry has given 1.21 times, or 20 per cent, average returns to private equity (PE) investors in the past four years, compared to the global average of 0.8 times.

  • Hilton eyes 50 hotels in India in 5 yrs, to bring new brands

    New Delhi, The Financial Express

    December 19, 2011

    Hospitality firm Hilton Worldwide is aiming to operate 50 hotels in the next five years in India and launch new brands -- 'Conrad' and 'Waldorf Astoria' – in the country from its global portfolio.

  • Growth capital loses steam as venture capital picks up

    Sarika Malhotra, New Delhi, The Financial Express

    December 09, 2011

    Venture capital/early stage investments were the flavour in November as deals in this space nearly tripled over the corresponding month last year. The number shot up from 7 to 18 deals, coupled with the deal value almost doubling from $65 million in November 2010 to $127 million in 2011. On the other hand, growth capital/late stage investments increased only marginally from $461 (Nov 2010) to $492 million (Nov 2011), signalling stagnation.

  • 52% of flats in city held by investors

    Naresh Kamath, Mumbai, The Hindustan Times

    December 07, 2011

    If you’re waiting for real estate prices to fall before you buy your dream home, you just might have to wait a long time. A survey conducted by real estate research firm Liasas Foras shows that a huge 52 percent of homes have been bought by investors and not by those who need them. This means that most of the flats in the city are being held by those who want to make money from real estate.