Indian Property News on 'December, 2006'

Indian Real Estate Boom Gives Parsvnath a quick head start

Investors are trying hard to carve a niche in the booming Indian real estate market. However, this zeal has seen one of the pioneering Indian property developers, Parsvnath soar 75 per cent on its stock market debut.

Continuing to emerge as a dominant force in the realty sector of the country, this Delhi based conglomerate jumped to Rs. 526 from its Rs. 300 offer price in an encouraging sign for a multitude of other Indian real estate initial public offerings (IPO) due to the list in the coming one to two quarters. Read More »

FIIs to pump in Rs 30k cr in Indian Realty Sector

Following the rising trend towards the globalization of Indian real estate, Foreign Institutional Investors (FIIs) are positioning themselves to bring in fresh funds of over Rs. 30,000 crore in the residential property market in Tier-II cities by the next two years.

Foreign investors have already made the significant investments of about Rs. 10.000 crore in the booming market of Indian real estate in the past two years. Now, global players like Morgan Stanley Real Estate Fund, Warburg Pincus, Merrill Lynch and Lehman Brothers have lined up millions of dollars each to offer to the sector. Read More »

KSL Realty plans 25-bln-rupee investment in 4 yrs

KSL Realty and Infrastructure Ltd. plans to invest around 25 billion rupees to develop 20 million square feet of land over the next four years, a top company official said.

It will be funded partly by internal accruals and partly through debt, he said.

The company has also identified 53 Indian cities and towns where it plans to develop mini-townships, Chairman Saurabh Kumar Tayal told Reuters. Read More »