MIG (Bandra) Realtors & Builders, a subsidiary of DB Realty is looking to enter into a joint venture agreement with Vishwaroop Estates and Developers owned by sanjay chhabria radius developers’s Radius Group for a housing project in Bandra, Mumbai with estimated sales revenue of Rs 3,500 crore. In this co-branded project, both the parties would […]
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October 15, 2015 10:00 am
Buying a distressed property? Here’s what you should know.
What is a distressed property? Although rare, a distressed property is one where the owner has borrowed against property to acquire the asset and has not been able to repay his debt obligations. If the borrower fails to service the loan for 4-5 consecutive cycles, the property is seized by the bank as collateral. The […]
October 14, 2015 6:00 pm
‘B’ + for Indiabulls real estate by Fitch
Fitch Ratings have affirmed Indiabulls Real Estate’s Long-Term Foreign-Currency Issuer aDefault Rating (IDR) of ‘B+’ with stable outlook. The agency attributed this rating to the company’s debt reduction measures, diversified land bank and improvement in credit metrics. Fitch is anticipating Indiabulls Real Estate’s net debt to reduce to around Rs 4,800 crore by end-FY16 from […]
October 14, 2015 10:35 am
Mumbai: Builders hold peaceful march against corruption
Usually, the builder community refrains from any protest against the government. However, on October 13, Maharashtra Chamber of Housing Industry (MCHI) and its associate organisations held a peaceful march to show their disapproval & express solidarity on the recent suicide of Thane-based developer Suraj Parmar. Most of the construction sites and offices belonging to […]
October 13, 2015 6:00 pm
Find out where Amy Jackson will be staying in Mumbai
The Singh is Bliing actress has green lighted another Bollywood project. Having a pad of her own was vital now as hitherto she was putting up at a hotel in Juhu. Amy who is currently in a happy space after the success of her film, has finally leased a flat in Bandra. After being […]
October 13, 2015 10:35 am
Altico Capital to finance 450 cr project in Mumbai
The non-banking financial company (NBFC) of Asia-focused investor Clearwater Capital Partners LLC, Altico Capital India Ltd. Has given Rs.450 crore of debt financing to an upcoming residential project in Mazgaon, south Mumbai. The project will be a joint venture of Radius Developers and Sumer Group which is yet to be launched. Under the plan, five […]