Real Estate & Funds News in India from Propertyshowrooms.com

Laxey opposes India fund plan

Wed, 31 Dec 2008 00:00:00 GMT

The second biggest shareholder in Hirco, the Indian property fund, is urging a vote against plans for a reverse takeover announced a week before Christmas...

Puravankara to raise $300 mn to fund projects

Wed, 3 Sep 2008 00:00:00 GMT

Bangalore-based realty developer Puravankara Projects is planning to raise nearly $300 million (Rs 1,320 crore) to fund its new projects and buy land in the current financial year. The company will be raising $150 million through bank debts to fund new projects and the remaining from private equity investors for buying land, said Ravi Ramu, director...

New EIB fund eyes India

Wed, 20 Aug 2008 00:00:00 GMT

Emirates Islamic Bank (EIB) has launched the Global Logistix RIA Fund to capitalise on the booming Indian economy with a special focus on Mumbai, which is considered one of the fastest growing financial centers in the world. The maximum offer of the mudarabah fund is Dh624 million with the bank...

ASK group appoints head for realty biz

Tue, 19 Aug 2008 00:00:00 GMT

Mumbai: The ASK group has roped in Sunil Rohokale, MD and CEO of ICICI Home Finance, to head its real estate business. The group is in the process of setting up a real estate private equity fund and real estate advisory services. Mr Rohokale, who was part of the core team that started the mortgage business...

India-focused realty cos miss AIM as mkt falls

Thu, 3 Jul 2008 00:00:00 GMT

A slowdown in the Indian real estate market has cast a shadow on the property funds listed on London’s Alternative Investment Market (AIM). All the five India-focused property funds floated by local developers have been underperforming in the past two months. On an average, they registered an 18% negative return over the last two months...