Propertiesmls

NEW DELHI: Private equity players Lehman Brothers and Deutsche Bank are set to make a combined investment of $500 million in an SPV floated by India’s second-most valued real estate developer Unitech, according to a person close to the development.

NEW DELHI: Playing on the simple economics of low margins-high volume, realty majors are now adding low-cost residential projects to their portfolio. Omaxe, DLF, Ansal API, Parsvnath, BPTP, et al are setting their eyes on the small and mid-income home buyer segment and lining up projects which will meet the aam aadmi’s need.

Given its strategic location and development of infrastructure, Mohali is the city of the future and it would give a tough competition to Chandigarh in the years to come, feels Gursharan Batra, president of Chandigarh Overseas Private Limited, promoters of the Fashion Technology Park (FTP) in Sector 90 of Mohali.

With Himachal’s new BJP government showing positive inclination towards developing the much-needed infrastructure in the state’s industrial hub of Baddi-Barotiwala-Nalagarh, the hopes of the realtors regarding a boom in real estate sector have been revived.

DLF Ltd., India’s biggest developer, said it sold its stake in Kenneth Builders and Developers Ltd. to its equal partner in the venture, Indiabulls Real Estate Ltd.

Realty company Emaar MGF Land Limited (Emaar MGF) and Ranbaxy Group-promoted hospital chain Fortis Healthcare plan to form a joint venture to set up 25 hospitals across major cities in India, with an investment of Rs 1,200 crore.

New Delhi: India’s largest life insurance firm, Life Insurance Corp. of India (LIC), on Wednesday said it plans to consolidate its real estate portfolio across the country.

Indiabulls Financial Services Ltd., India’s second biggest finance company by market value, plans to raise $1 billion selling shares overseas, the company said in a statement to the Bombay Stock Exchange.

Sahara Infrastructure and Housing, India’s leading real estate company exhibited its flagship project ‘Sahara City Homes’ at Indian Property Show, Dubai.

The scheme will primarily invest in the Cayman Islands registered ING Global Real Estate Securities fund that seeks to provide investors with diversified returns consisting of income and capital appreciation over time. This will be India’s first open ended real estate fund and the first fund to offer Indian investors access to global property markets.