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Vatika Group plans to raise Rs 1K crore from IPO

Real estate company Vatika Group plans to raise up to Rs 1,000 crore from an initial public offering (IPO) in May by selling around 20% stake, joining a parade of developers looking to wriggle out of the slowdown-induced IPO drought. The company will f…

[ More ] January 30th, 2010 | No Comments | Posted in Real Estate |

Builders Eye Govt’s 1,000 km Expressway Projects to be Awarded by Dec

The government today said it will award four expressway projects, stretching up to 1,000 km, by the end of the year. The Transport Ministry had in November 2006 proposed four Expresways–the Vadodara-Mumbai, Bangalore-Chennai, New Delhi-Meerut and Kol…

[ More ] January 20th, 2010 | No Comments | Posted in Real Estate |
 

Boom in Sale of Luxurious Housing

The country’s largest real estate developer, DLF, sold apartments worth Rs 1,000 crore in December. This is the highest monthly sale the company has recorded in its history. There are many developers like DLF who have seen a surge in the sale of apar…

[ More ] January 14th, 2010 | No Comments | Posted in Real Estate |