IL & FS Investment Managers Ltd (IIML), the
India’s largest homegrown PE (private equity) firm by assets under management
(AUM), is scripting a new realty fund. The public-listed PE fund manager, which has AUM
of $320 crore, will launch the IL & FS India Realty Fund…
Share Review Finolex Cables : Target Price Rs.60
For 4Q FY 2012, Finolex Cables (Finolex) reported
strong 21.1% quarter on quarter and 12.1% year on year growth in its top line to Rs. 605
cr. The company’s operating profit increased by whopping 45.9%year on year to Rs. 58 cr. OPM expanded by 2.23%
year on year and 1.36% qu…
ASV Constructions : Residential flats at OMR
Chennai based ASV Constructions has launched Alexandriea, located at Sholinganallur junction on OMR. Alexandriea will be built over 6 acres & its cost is valued at Rs.300 crores. The construction has already started & will be completed by the end of 2014. Singapor…
About 60% of rural India lives on less than Rs. 35 a day
Nearly 60% of India's rural population lives on less than Rs. 35 a day and nearly as many in cities live on Rs. 66 a day, reveals a central government survey on income & expenditure. Mr. J Dash, Director General, National Sample Survey Organisation (NSSO) said, &qu…
Lancor Holdings : Residential Project off GST Road at Guduvanchery, Chennai
Chennai based real estate company Lancor Holdings - up coming residential project “ LUMINA ” off GST Road at Guduvanchery ( Guduvanchery to Thiruporur Road). Following the success of Abode Valley, Lancor is launching Lumina at Guduvanchery, 3 kms off GST Road. The project bal…
Rs. 30,000 crore, Construction Sector Contributed to Delhi's GDP
The construction sector has contributed above Rs. 30,000 crore to Delhi's GDP (Gross Domestic production) of Rs. 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the Delhi city's economy.
The latest report of Delhi Governme…
SBI Housing Loans: Cross Rs. 1 Lakh Crore Mark
The housing loan portfolio of India's largest bank SBI (State Bank of India) has crossed a record Rs. 1 lakh crore mark. The loan covering about 20 lakh happy families. According to Mr. A Krishnakumar, MD and Group Executive (National Banking), SBI said, ''SBI h…
Construction Slowdown : Cement Companies slash prices
Indian real estate and infrastructure firms may heave a sigh of relief as their input costs come down with the cement companies slashing prices pan India even before the onset of monsoon.
Cement companies are trying to boost the tepid demand expected towards the end of the…
Bangalore Property Prices Up By 4.5%
Bangalore has witnessed a rise of about 4.5% on an average in the property prices in for the four month period between December 2011 and April 2012.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for nearly 85 projects. H…
Black Money: Real Estate Top Violator
Economic intelligence agencies have informed the FM (Finance Ministry) that a major chunk of illegal funds & black money is being generated and routed in the real estate sector of India. Undisclosed Income 40%..!
Special departments like the CEIB (Central Economic Intel…
