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.
Salim Group chairman Prasoon Mukherjee expressed confidence in West Bengal's industrial development, stating ongoing projects, including PCPIR, remain unaffected by the Expressway's temporary halt due to land acquisition issues.
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.
Young Builders acquired DMRC's 2-hectare land in North Delhi for Rs 220 crore to develop a residential complex, impacting nearby property values like Parsvnath Developers’ project.
Sabeer Bhatia's Nano City project in Haryana to partner with Parsvnath Developers. The deal involves 30-38% equity stake and development rights, focusing on 11,000 acres with a first phase investment of Rs 1,500 crore.
Reliance Industries faces land acquisition hurdles for its Haryana SEZs due to price disagreements with landowners, impacting the 25,000-acre project.
Ascendas is poised to acquire a 6.18-acre site in Chennai, with expectations of a deal worth around Rs 220 crore, pending approval for increased floor space index.
DS Kulkarni Developers partners with GTC Cyprus for SEZ development in Pune.
Mysore Urban Development Authority offers farmers 18% of their land back after development, but doubts remain about the deal's appeal amidst soaring property prices and competing private developers.
DLF and Jaypee secure large land parcels near Greater Noida through Taj Expressway Industrial Development Authority's scheme
Red Fort Capital plans to invest Rs 3,500 crore in Indian real estate projects over the next two and a half years, focusing on Tier I and II cities, and potentially Tier III locations.
Indiabulls Power Services will establish a 1,320 MW power project in Jharkhand, with government support for resources and power purchase.
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.
DLF remains committed to the Dankuni township project despite uncertainty following the West Bengal government's announcement to halt land acquisition.
The future of DLF's Rs 33,000-crore township project in Dankuni is uncertain due to land acquisition issues and political opposition. The West Bengal government might shelve the project if land acquisition challenges persist.
Videocon Group acquired Lotus Society in Ahmedabad for Rs 30 crore to build a commercial complex and five-star hotel, capitalizing on the Sabarmati riverfront project.
Pune is experiencing a surge in integrated township developments due to the Maharashtra government's Special Township Policy Act. Several large-scale projects are underway, transforming the city's landscape and offering substantial investment opportunities.
BPTP Ltd has requested an extension to pay the first installment for acquiring 94 acres in Noida due to a liquidity crunch amidst financial market turmoil.
Omaxe has delayed its Rs 1,500 crore private placement amid market instability, following similar actions by Unitech and Emaar MGF, with no immediate impact on earnings expected.