News articles tagged Funding

Final rules on REITs to be issued soon

Final guidelines for Real Estate Investment Trusts (REITs) are expected soon, aiming to provide the real estate sector with long-term funding and boost investment opportunities.

Omaxe promoters raise Rs 250 cr to infuse funds

Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.

Godrej Properties to Raise Rs.700 Cr, Targets Growth

Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.

Housing shortage to hit India hard: Knight Frank

Knight Frank reports India faces severe housing shortages, exacerbated by funding issues in construction. Real Estate Investment Trusts (REITs) offer a viable solution.

Real Estate Builders Express Discontent over RBI Policy

RBI's decision to hold key policy rates steady has disappointed real estate developers, who were hoping for a reduction in borrowing costs. Industry leaders believe this will negatively impact the sector and hinder funding for projects.

IL&FS Plan To Invest In Real Estate

IL&FS private equity plans to boost investments in infrastructure and real estate, increasing commitments significantly by FY10's end, highlighting bullish market outlook.

Temasek look at Prestige

HDFC Property Ventures and Temasek are negotiating a potential Rs 625 crore investment in Prestige Group, which seeks a business valuation of $1 billion.

Peninsula Land to raise QIP

Peninsula Land plans to raise ₹500 crore through QIP to acquire land in Mumbai, focusing on Parel, Lower Parel, Kanjurmarg, and Thane.

Realty companies look at alternative financial support

Amidst lending reluctance from banks, real estate developers are turning to lease discounting for ongoing commercial projects, providing banks with guaranteed cash flow and a safer lending option.

Berggruen In A Thousand Crore Rupees Expansion

Berggruen Holdings plans to invest over Rs 1,000 crore in India by 2012 to establish 3- and 4-star hotels. The company has secured funding from IDFC and is exploring additional funding options.

A Delhi Based Real Estate Company Is In Debt

A Mumbai NBFC starts selling shares of a Delhi real estate firm, causing further decline in stock price.

Real Estate Firms Delay Plans

Indian real estate developers halt land acquisitions amid market downturn, rising interest rates, and funding challenges. Tepid sales and cash crunches force project delays and potential distress sales.

LIC Housing To Enter Venture Funding

LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.

Real Estate PE Deals Higher Than Previous Year

Private Equity deals in Indian real estate and infrastructure reached $2.32 billion in H1 2008, a slight increase but with smaller deal sizes. Sluggish market conditions and funding challenges led developers to seek PE funding, with Red Fort Capital and others closing deals.

National Housing Bank To Raise 110 Billion Rupees

India's National Housing Bank aims to raise ₹110 billion by March 2009 to satisfy loan demand, including plans for a mortgage guarantee firm.

BPTP Pays Rs 1000 Crore For Noida Project

BPTP Group paid Rs 1000 crore to Noida authorities as first installment for its 95-acre project, utilizing internal accruals and past PE investments. The remaining Rs 250 crore will be paid soon. BPTP outbid DLF and Omaxe for the project, facing a tight deadline due to funding challenges in the current real estate market.