Develop Chennai Plot : Akshaya Homes, Kotak Realty Sign Pact

Kotak Realty Funds, the real estate PE (private equity) fund of Kotak Mahindra Group, has entered into a JV (joint venture) with Chennai based leading real estate companay Akshaya Homes for construction of residential units on a 20 acre plot off Chennais OMR (Old Mahabalipur…

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TAX FREE BONDS..!

During the financial year 2012-13. tax-free, secured, redeemable, non-convertible bonds, aggregating to amounts mentioned below. Entities Name and Aggregate amount of bonds are...! National Highways Authority of India Rs. 10,000 crores Indian Railway Finance Corporation Limite…

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JLL India: Launch Real Estate Fund

Property consultancy company Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth. Rs. 300 crore will be launched soon in the domestic market. Capital market reg…

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Infrastructure Output: July up 1.8%

Our country India’s infrastructure sector output grew 1.8% in July, 2012 from a year earlier, slower than an upwardly revised annual growth of 3.9% in the previous month, central government data showed on recently.  The infrastructure output for 8 sectors – coal, crude oil,…

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Chennai Outer Apartment Price

Chennai Outer Hot Area Apartment Price   Area                           Rs./Sq.ft. Guduvancheri              2,600 - 2,650 Kellambakkm              3,100 - 3,400 Madhavaram               3,700 - 4200 Nanmangalam            3,100  - 3,200 Oragadam                  2,900 - 3,000 Ora…

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Collective Investment Vehicle : Real Estate Investments Made Simple

by  Mr. Ramalingam K Gold & real estate are very traditional investment avenues in India. Gold has evolved from its traditional investing & found its place in the modern sophisticated investment world via Gold ETFs and e - Gold. Similarly real estate is also emerging as …

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High Level Committee on Financing Infrastructure: Mr. Deepak Parekh New Chairman

The central government has appointed eminent banker Mr. Deepak Parekh as the new chairman of the High Level Committee on Financing Infrastructure (HLC on Financing Infrastructure). The committee was first set up in 2010 under the chairmanship of Mr. Rakesh Mohan, former depu…

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LIC HFL: Begins Process of Raising Funds Through QIPs, Valued Rs 1,100 Crore.

LIC Housing Finance (LIC HFL) recently said it has begun the process of raising funds through QIPs (Qualified Institutional Placements) this fiscal - 2012-13, via issue of 4.06 crore shares valued currently at about Rs 1,100 Crore. Mr. V K Sharma, Director & Chief Execut…

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Arvind Group : Floats Rs. 200 crore Real Estate fund

The fund management company set up by promoters of the Ahmedabad based Arvind Group has floated a realty fund with a target of raising Rs. 200 crore. The fund floated by Ampulus Capital Advisors, will focus on investing in residential projects in Gujarat. The fund has alrea…

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ICICI Pru.PMS : Real Estate Portfolio successfully divests from KUL Ecoloch

ICICI Prudential PMS Real Estate Portfolio, a diversified real estate portfolio, has successfully divested its investment in ‘KUL Ecoloch’ a township Project in Pune being developed by River View Properties Pvt. Ltd., a subsidiary of Kumar Urban Development Limited. The por…

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Indian Real Estate Funds : SEBI New Norms

Indian stock market regulator SEBI's ( Securities and Exchange Board of India's) norms for AIF (alternative investment funds ) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors. Recently, SEBI notifi…

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IL & FS PE : Launch third India realty fund, targets $ 50 crore

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…

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2012-13 : 54 EC Capital Gains Bonds Are Open - Tax Saving Scheme

The NHAI (National Highway Authority of India) opened its fresh issue of NHAI bonds (Section 54 EC bonds) from 2 April 2012. These bonds are open till 31 March 2013. The date of allotment of the bond will be the last day of every month. Keep in mind that the issuer has the …

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First Infrastructure Debt Funds : ICICI, LIC, Citicorp, BoB launched

India's Banking &  financial services giants like ICICI Group, LIC of India (Life Insurance Corporation), Citicorp Finance India and BoB (Bank of Baroda) — on recently joined hands to launch India's first IDF (Infrastructure Debt Fund) to be structured as a non-…

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LICHFL AMC: Maiden Fund - ‘LICHFL Urban Development Fund’

LICHFL AMC (Asset Management Company), a subsidiary of LIC Housing Finance announces its first fund called ‘LICHFL Urban Development Fund’. The fund aims to raise up to Rs. 500 crore. The fund will make investments in companies involved in development of mid income affordab…

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Power Finance Corporation : Tax-free bond issue

Power Finance Corporation (PFC) had start selling tax-free bonds to raise up to Rs.1,000 crore. The leading power sector lender has the approval to mop up Rs. 5,000 crore through issue of tax-free bonds. It has raised Rs. 967 crore already through private placement of these…

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IIFCL: Float Rs 5,000 Crore Infra Fund by February, 2012

IIFCL (India Infrastructure Finance Company)  plans to float  Rs 5,000 crore IDF (Infrastructure Debt Fund  by the end of February, 2012. Mr. S.K Goel, CMD, IIFCL said,  “We are coming out with an $100 crore (About Rs. 5,000 Crore) IDF. The proposed IDF is approved by centra…

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Kotak Realty Fund: Raises Rs. 523 Cr

India's fifth largest private sector lender by revenue, Kotak Realty Fund, raised Rs. 523 crore to lend to real estate developers with an assured return. Mr. Vikas Chimakurthy, Director, Kotak Realty Fund said, ''It is a high inflationary environment and we are s…

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IDFC: Rs 5,000 crore Tax-free infra bonds

IDFC (Infrastructured Development Finance Company) announced the public issue of its tax-saving, long-term infrastructure bonds. The bond issue is open for subscription until December 6 for retail investors. The five-year issue carries a coupon of 9%. This issue is the firs…

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LIC Housing : Plans to launch real estate fund

A subsidiary of LIC (Life Insurance Corporation of India), LICHF ( LIC Housing Finance Ltd) plans to launch a Rs 500-750 crore real estate venture capital fund shortly. According to Mr. V K Sharma, Chief Executive Officer , “It should happen in 2-3  month period. We have got…

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