Promoters have increased their holdings significantly amidst falling stock prices, supported by new Sebi regulations allowing higher stake acquisitions, enhancing investor confidence.
The World Bank has banned Satyam Computer Services for eight years due to data theft and bribery. Satyam's independent directors claim ignorance, highlighting a communication gap within the company's board.
Unitech plans to raise $300-500 million through convertible debt to repay Rs 2,700 crore debt, already seeking $200 million from residential projects.
Jaypee Group merges subsidiaries with Jaiprakash Associates, enhancing economies of scale and synergy.
Unitech Ltd seeks to raise up to Rs 5,000 crore through securities issuance, alongside increasing share capital to Rs 1,000 crore amid an ongoing debt reduction strategy.
Landmark Special Opportunities Company and Landmark Real Estate Fund are acquiring a 60% stake in Forum Ventures for nearly Rs 100 crore, amid a challenging market.
Satyam Computer Services reverses decision to diversify into real estate and infrastructure after shareholder protests
Satyam's planned entry into real estate sparks investor backlash, shares plummet 30% before deal is abandoned.
India awaits policy responses amidst economic slowdown fears, with investors eyeing global cues from US rate cuts and auto bailout
Indiabulls Real Estate has received approval for the amalgamation of Indiabulls Power Services (IPSL) with Sophia Power. The company will be allotted equity shares in Sophia based on a predetermined share exchange ratio.
Banks urge RBI to relax debt restructuring norms for real estate companies to avoid classifying advances as bad loans, seeking uniformity with other sectors.
EWDPL to Acquire Malls from Cash-Strapped Builders, Eyes 50 Malls by 2012
LAVA Electronics plans India entry by Q3 2009 through a franchisee model, targeting large hotels and high-end consumers.
Terror attacks in India's financial capital unlikely to impact economy, rating agencies and foreign investors suggest, citing past temporary market reactions.
John Abraham has received over $500,000 from ETA Star for the Habitat for Humanity initiative to build homes for the underprivileged in several countries.
Unitech to raise ₹2,500 cr by Jan via asset sales, PE funds & debt transfer to mitigate ₹8,200 cr debt
Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.
Citigroup secures $326 billion US government support, impacting global markets and leading to changes within its Indian operations.
Sahara Prime City plans to raise Rs 2,000 crore within 18 months for the development of 217 integrated townships across India, focusing on debt and private equity funding.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.
Real estate player Unitech repays Rs 200-crore loan to Indiabulls Financial Services through asset monetisation and internal debt restructuring.
Indian real estate firms target Middle Eastern diaspora for investment amid economic slowdown, with focus on infrastructure and key sectors in upcoming investment meets.
Mahindra and Mahindra declares no slowdown in its real estate ventures despite a general demand slump. Key cities like Jaipur, Chennai, and Faridabad are noted for strong performance.
The Indian real estate market is shifting towards professional management companies, with predictions of significant growth in the organized sector by 2030.
