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  • PE REALTY PLAYERS BET AGAIN ON LUXURY

    Sachin Dave, New Delhi, The Hindustan Times

    February 28, 2012

    Private equity players in realty are increasingly focussing on the high-end and luxury projects, even though they burned their fingers with this strategy around 2008.

  • DLF bid to hive off wind power assets gets response

    Devesh Chandra Srivastava & Utpal Bhaskar, New Delhi, Mint

    February 28, 2012

    DLF plans to sell assets that are “non-strategic” to its main business of property development as it seeks to reduce debt, which was Rs. 22,758 crore at the end of December

  • Realty prices to stay high as demand rises

    Sobia Khan & Ravi Teja Sharma, Bangalore & New Delhi, The Economic Times

    February 24, 2012

    Home prices are unlikely to fall this year as sales have picked up across most metros in the past few months, according to bankers and realtors. Property sales across major cities, such as Bangalore, Chennai, Gurgaon and Noida, rose on increased buyer interest, Bank of America Merrill Lynch said in its report for the fourth quarter of 2011.

  • Paracor plans to raise Rs 987 crore real estate fund

    Jharna Mazumdar, Mumbai, Financial Chronicle

    February 19, 2012

    Paracor Capital Advisors is in the process of raising $200 million (Rs 986.99 crore) real estate fund, which the company wants to deploy mainly in residential projects across the seven top cities in India. The real estate dedicated fund is being raised from high net worth individuals (HNIs) which will be invested over a period of three to five years, said Anil Pathak, managing director and chief executive officer, Paracor Capital Advisors. Pathak said the fund raising would be closed by around June. “The returns available in the form equity are slightly better at the moment,” said Pathak.

  • Home loans may get cheaper with new mortgage guarantee company

    K. R. Srivats, New Delhi, The Hindu Business Line

    February 07, 2012

    Home loans may soon come at better terms, with the concept of mortgage guarantee set to take off in the coming weeks. Mortgage guarantees will ensure softening of interest rates as well as more credit availability for retail home loan borrowers, Mr R. V. Verma, National Housing Bank Chairman, has said.

  • Royal Orchid eyes 5,000 rooms in 3 years

    New Delhi, The Deccan Herald

    February 03, 2012

    Royal Orchid Hotels Ltd is targeting a total inventory of around 5,000 rooms in the next three years as it looks to tap into growing domestic demand for branded hotels.