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.
Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Barwa Real Estate and Sun Group have formed a joint venture, Sun-Barwa Land, to explore high-growth opportunities in the Indian real estate sector.
DLF Ltd and Prudential Financial Inc have received initial regulatory approval for their mutual fund venture, DLF Pramerica, aiming for a launch in 2009.
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
DLF-Hilton's joint venture faces regulatory delays for the Hilton Garden Inn project in New Delhi, but the partnership remains strong with 17 projects underway.
Parsvnath Developers postpones retail expansion due to economic slowdown, but SEZ stake sale to private equity investors nears finalization.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.
