Tuesday 16th January 2018,
Radio Metta

firm

Firm recovery in real estate still a mirage eluding investors

Firm recovery in real estate still a mirage eluding investors

The situation in the residential property market is still grim. The Knight Frank Prime Global Cities Index Q2 2017 showed that amid a global pattern of weakening prices for luxury residences, a declining trend engulfed Indian metros. For the April-June quarter, Bengaluru, the city that was so far resilient, suffered a decline from the year-ago [...]

August 14, 2017 Loknath Das Real Estate Comments Off on Firm recovery in real estate still a mirage eluding investors

Haryana government backed a real estate firm that wanted to cut trees in the protected Aravallis

Haryana government backed a real estate firm that wanted to cut trees in the protected Aravallis

Hindustan Times Weeks before it issued an order to lift curbs on the felling of mesquite trees in the Aravallis, the office of the Additional Chief Secretary of Haryana had pushed the state forest department to allow a real estate firm to chop trees of the species on a plot of land, despite objections from [...]

May 25, 2017 Loknath Das Real Estate Comments Off on Haryana government backed a real estate firm that wanted to cut trees in the protected Aravallis

Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

Mumbai: Puranik Builders Pvt. Ltd, a Mumbai-based residential real estate developer, is in talks to raise Rs225 crore from Everstone Capital backed non-banking financial services company (NBFC) IndoStar Capital Finance Ltd, two people aware of the development said. Talks between the two parties are at an advanced stage and the transaction is expected to close [...]

January 27, 2017 Saheli Real Estate Comments Off on Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

BRIEF-Dong Yi Ri Sheng Home Decoration Group to buy 5.3 pct stake in tech firm for 10 mln yuan

BRIEF-Dong Yi Ri Sheng Home Decoration Group to buy 5.3 pct stake in tech firm for 10 mln yuan

* Says it to invest 10 million yuan in a Beijing-based tech firm and to hold 5.3 percent stake in it after investment Source text in Chinese: goo.gl/1IeoLl Further company Coverage: (Beijing Headline News) [Source:-Reuters] [...]

January 21, 2017 Saheli Home Deco Comments Off on BRIEF-Dong Yi Ri Sheng Home Decoration Group to buy 5.3 pct stake in tech firm for 10 mln yuan

Donald Trump’s firm signs deal for Kolkata real estate project

Donald Trump’s firm signs deal for Kolkata real estate project

Bengaluru: Trump Organization, the New York-based business venture of US president-elect Donald Trump, has signed a deal with real estate firm Unimark Group in Kolkata for a residential project, is in talks for a second project in Pune and plans to tap opportunities in office real estate across large cities, multiple people familiar with the [...]

November 19, 2016 Saheli Real Estate Comments Off on Donald Trump’s firm signs deal for Kolkata real estate project

IBM acquires hybrid cloud firm Sanovi Technologies

IBM acquires hybrid cloud firm Sanovi Technologies

IBM has acquired Sanovi Technologies in order to ramp up the firm’s hybrid cloud disaster recovery facilities. Big Blue announced the buyout on Wednesday, stating the deal will “enhance IBM resiliency capabilities with the help of advanced analytics to meet complexities of hybrid environments.” Financial terms of the purchase were not disclosed. Based in Bangalore, [...]

October 27, 2016 Saheli Technology Comments Off on IBM acquires hybrid cloud firm Sanovi Technologies

Real estate firm AXA IM to continue major London project despite Brexit

Real estate firm AXA IM to continue major London project despite Brexit

Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the June 23 referendum, the ability [...]

October 27, 2016 Saheli Real Estate Comments Off on Real estate firm AXA IM to continue major London project despite Brexit

RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

Debt laden Reliance Communications Ltd (RCom) of the Reliance Anil Dhirubhai Ambani Group has signed a non-binding term sheet for the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore. Under the term sheet, the specified assets are intended [...]

October 15, 2016 Saheli Business Comments Off on RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

Capillary Technologies buys e-commerce tech firm Sellerworx

Capillary Technologies buys e-commerce tech firm Sellerworx

Mumbai: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has acquired Sellerworx Online Services Pvt. Ltd for an undisclosed amount in a stock and cash deal to strengthen its product portfolio. “Apart from offline retailers, we are now able to offer products to online sellers and marketplaces through [...]

October 4, 2016 Saheli Technology Comments Off on Capillary Technologies buys e-commerce tech firm Sellerworx

Capillary Technologies acquires e-commerce technology services firm Sellerworx

Capillary Technologies acquires e-commerce technology services firm Sellerworx

Bengaluru-based Capillary Technologies, which offers solutions that help consumer brands increase customer reach, engagement, sales, and loyalty, announced the acquisition of Sellerworx, an e-commerce technology services firm. (From left to right) Venkat Potluri, Ganesamurthi and Chandramouli According to Capillary, the acquisition will help the technology platform in fortifying its omni-channel product portfolio. With multiple solutions already in place, [...]

October 4, 2016 Saheli Technology Comments Off on Capillary Technologies acquires e-commerce technology services firm Sellerworx

Multiple housing and real estate firm regulators to be appointed in Maharashtra

Multiple housing and real estate firm regulators to be appointed in Maharashtra

WITH complaints from flat buyers against unfair practices by real estate firms piling up from across the state, a proposal to appoint multiple housing regulators is now under consideration, sources said. At last count, about 37,000 such cases were pending in the consumer redressal forum, official data shows. Mumbai, the country’s real estate capital, alone [...]

August 27, 2016 Saheli Real Estate Comments Off on Multiple housing and real estate firm regulators to be appointed in Maharashtra

SC directs real estate firm Unitech Limited to deposit Rs 15 crore Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

SC directs real estate firm Unitech Limited to deposit Rs 15 crore   Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak Misra and U U Lalit [...]

August 18, 2016 Saheli Real Estate Comments Off on SC directs real estate firm Unitech Limited to deposit Rs 15 crore Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst