Bulland Group is back in action with their new project on Residential Apartments at Sector -16C, Greater Noida. Their project consist of 2BHK + 2 Toilet, 2BHK + 2 Toilet + Study Room, 3BHK + 2 Toilet, 3BHK + 3 Toilet + Store Room, 3 BHK + 3 Toilet + Study Room, 4BHK + 4 Toilet + Store Room. There are 3 types of payment plan for this project Down Payment Plan, Flexi Payment Plan, Construction Link Plan. The prices of the residential apartments are being finalized according to the middle class families’ budget. In greater noida the current rate of residential apartments are based on the land size. Bulland Group is a trusted name among topnotch realtors and builders. Bulland Group has executed many reputed projects for over 11 yrs now. The Group has ventured into entertainment, shopping malls, as well as housing projects that have reformed the lives of many. With exquisite designs and natural surroundings, Bulland Group's quality is unsurpassed.
At the time of booking of the residential apartment the person has to pay 10% of the total amount. There are some additional charges also included like club membership, Lease Rent, Power Backup, Monthly Maintenance Charges etc. This residential project include various luxurious features like club house with swimming pool, Badminton Court, Yoga Center, Cafeteria, Rain Water Harvesting, CCTV Camera at main entrance and many more.
If the payment is done through Cheque/Draft then it should be issued in the favour of M/s Bulland Buildtech Private Limited and each booking accepted by company will be escalation free. This project is developed to fulfill all the basic requirement and demands which include high class facilities to all the middle class families at affordable rates. For more information about the project and price details just log on to the www.zameen-zaidad.com and for query just mail us at info@zameen-zaidad.com.
Monday, August 30, 2010
UPPAL Group Launch a new project on Residential Villa at Gurgaon Sector – 99
UPPAL Group launches a new project named as “Gurgaon 99”. They provide you the facility of “Residential Villa”. This project is located at Gurgaon Sector - 99. Their project provides 6 type of “Residential Villa which includes 5BHK and 4BHK.
Those peoples who want to be a part of this project for those peoples “Uppal Group” provide two types of payment plan-
Development Linked Payment Plan– On booking you has to pay Rs. 15 Lakh.
Accelerated Payment Plan- On booking you has to pay Rs. 15 Lakh.
Inspired by Spain, with its beautiful cities and towns and its traditional as well as futuristic architecture comes G99, an exclusive private township. It is situated on the upcoming 150m wide Dwarka expressway, with the Delhi metro running parallel and the Indira Gandhi International airport just 15 minutes away. The other terms and conditions shall be considered as per the Application Form, Standard Terms and Conditions of the company.
This “Residential Villa” project include various facilities like schools, club house, jogging and cycling tracks, restaurants , cafes, nursing home, health centers and many more. Prices of the projects are subject to revision/ withdrawal without notice at the company’s sole discretion. Terms and conditions stated herein are merely indicative with a view to acquaint the applicant and are not exhaustive. For detailed terms and conditions, please refer to Buyer’s Agreement
If you want to contact agent then you have to contact “Shri Aditya Estates”, contact number is 47082734 and 9810445860. The route map is also mentioned in our site. If you want more details regarding the price sole and this project then just visit our site www.zameen-zaidad.com or if you have any query regarding this project then feel free to contact us at info@zameen-zaidad.com.
Those peoples who want to be a part of this project for those peoples “Uppal Group” provide two types of payment plan-
Development Linked Payment Plan– On booking you has to pay Rs. 15 Lakh.
Accelerated Payment Plan- On booking you has to pay Rs. 15 Lakh.
Inspired by Spain, with its beautiful cities and towns and its traditional as well as futuristic architecture comes G99, an exclusive private township. It is situated on the upcoming 150m wide Dwarka expressway, with the Delhi metro running parallel and the Indira Gandhi International airport just 15 minutes away. The other terms and conditions shall be considered as per the Application Form, Standard Terms and Conditions of the company.
This “Residential Villa” project include various facilities like schools, club house, jogging and cycling tracks, restaurants , cafes, nursing home, health centers and many more. Prices of the projects are subject to revision/ withdrawal without notice at the company’s sole discretion. Terms and conditions stated herein are merely indicative with a view to acquaint the applicant and are not exhaustive. For detailed terms and conditions, please refer to Buyer’s Agreement
If you want to contact agent then you have to contact “Shri Aditya Estates”, contact number is 47082734 and 9810445860. The route map is also mentioned in our site. If you want more details regarding the price sole and this project then just visit our site www.zameen-zaidad.com or if you have any query regarding this project then feel free to contact us at info@zameen-zaidad.com.
Monday, August 23, 2010
Problem of Supply Overhang facing Commercial Real Estate
According to a report submitted by an agency the Indian real estate sector is likely to face the problem of plenty with office rental space set to outstrip demand resulting in a further drop in rentals. “With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain over the next one year,” Confederation of Indian Industry (CII) and a global real estate services firm. “This will lead vacancy level across India, which was 17.2 percent in 2009 to rise to 20 percent by 2010 end,” it added.
The report said “the commercial lease and rental space in India would witness a low occupancy rate till 2011.” The report, however, added that most Indian cities have witnessed an increase in the volume of lease transactions in the first quarter of 2010 with Delhi, including the national capital region, Mumbai and Hyderabad having recorded more than a million square feet of leases each. In 2009, occupiers showed a strong preference towards operational vacant stock rather than projects under construction, a departure from 2007-08, the report pointed out. On the future trend, report said the most micro markets were expected to reach their rental lows within the next 2 3 quarters, if not reached as yet.
The report titled “The Seven Stars of India India’s best performing micro markets for occupiers” highlights the trend and forecast on realty rental market in seven cities of India Delhi, Mumbai, Pune, Chennai, Bangalore, Hyderabad and Kolkata.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
The report said “the commercial lease and rental space in India would witness a low occupancy rate till 2011.” The report, however, added that most Indian cities have witnessed an increase in the volume of lease transactions in the first quarter of 2010 with Delhi, including the national capital region, Mumbai and Hyderabad having recorded more than a million square feet of leases each. In 2009, occupiers showed a strong preference towards operational vacant stock rather than projects under construction, a departure from 2007-08, the report pointed out. On the future trend, report said the most micro markets were expected to reach their rental lows within the next 2 3 quarters, if not reached as yet.
The report titled “The Seven Stars of India India’s best performing micro markets for occupiers” highlights the trend and forecast on realty rental market in seven cities of India Delhi, Mumbai, Pune, Chennai, Bangalore, Hyderabad and Kolkata.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
Property Registration Charges increased by Andhra Pradesh Govt
In a move to offset losses due to reduction in stamp duty charges to a uniform 5 per cent across the State, the Andhra Pradesh Government has effected upward revision of the registration charges and market prices for properties from August 1.
The State Government had recently announced its decision to slash the stamp duty rates from 7 per cent and 6 per cent in urban and rural areas, respectively, to 5 per cent which conforms to Central Government guidelines. While the registration charges would, henceforth, be based on revised market prices in urban areas, in other parts of the State, it would be fixed by a committee of sub-registrars.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
The State Government had recently announced its decision to slash the stamp duty rates from 7 per cent and 6 per cent in urban and rural areas, respectively, to 5 per cent which conforms to Central Government guidelines. While the registration charges would, henceforth, be based on revised market prices in urban areas, in other parts of the State, it would be fixed by a committee of sub-registrars.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
Friday, August 20, 2010
Real Estate Revival Encouraging Developers to Revisit IPO’s
With the equity market holding up, some of the real estate companies are revisiting their share-offering plans, even at a price lower than what they had initially hoped for. Many of these companies already have Sebi’s approval to launch their initial public offerings (IPOs), but deferred their plans in the face of unfavourable market conditions. Companies that have the regulator’s approval with a validity until 2011 include Lodha Developers with an indicative IPO size of Rs 2,500 crore, AMR Constructions (Rs 145 crore),Delhi-based Ambiance (Rs 1,293 crore), Emaar MGF (Rs 3,850 crore), Oberoi Realty (Rs 1,002 crore), Kumar Urban Development (Rs 320 crore), Prestige Estates (Rs 971 crore), Neptune Developers (Rs 378 crore), and BPTP (Rs 1,500 crore).
“The secondary market is witnessing some euphoria, and sectors like telecom and real estate are being rerated,” said said a top official at a foreign investment bank involved in one of these deals. “Also, volatility has reduced, which is good for IPO-bound companies. We are likely to see some of the bigger real estate players come back to the market again,” he said, but also cautioned that only a few companies would be in a position to take advantage of this window of opportunity.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
“The secondary market is witnessing some euphoria, and sectors like telecom and real estate are being rerated,” said said a top official at a foreign investment bank involved in one of these deals. “Also, volatility has reduced, which is good for IPO-bound companies. We are likely to see some of the bigger real estate players come back to the market again,” he said, but also cautioned that only a few companies would be in a position to take advantage of this window of opportunity.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
Now, MHADA homes in Sri Lanka?
Mumbai : The Maharashtra Housing and Area Development Authority (MHADA) has been shortlisted by the Central government to undertake housing projects in the strife-torn Sri Lanka.
The Central government has chosen five parties to build 50,000 houses in Sri Lanka of which MHADA will have to construct 10,000.
For years, the internal fight launched by the Liberation Tigers of Tiger Eelam (LTTE) against the government has ravaged Sri Lanka. However, last year, the Sri Lankan government decimated the LTTE but in the process, there was heavy loss of life and property.
Mhada will undertake the task of planning, designing as well supervising the whole initiative.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
The Central government has chosen five parties to build 50,000 houses in Sri Lanka of which MHADA will have to construct 10,000.
For years, the internal fight launched by the Liberation Tigers of Tiger Eelam (LTTE) against the government has ravaged Sri Lanka. However, last year, the Sri Lankan government decimated the LTTE but in the process, there was heavy loss of life and property.
Mhada will undertake the task of planning, designing as well supervising the whole initiative.
For more information house for sale, homes for sale, houses on rent, rental house, rented property, apartment for sale, property on sale, flats in delhi, flats in Gurgaon, rental flats on sale log on to http://www.zameen-zaidad.com and http://www.propertycafeteria.com
Friday, August 13, 2010
Acquired land need not be returned
Mumbai : The state government can use acquired lands for any other purpose if the purpose for which the land was acquired has been achieved, according to Maharashtra government.
The legal heirs of the erstwhile owner of the lands in Dahisar claimed that instead of expanding the existing Remote Receiving Station by the Airports Authority of India, the Mumbai International Airport Private Limited, which subsequently took over airport operations, is planning to use 50 per cent of the land to resettle and rehabilitate people who have encroached upon the airport land.
The affidavit filed by Kishore Agraharkar, special land acquisition officer, states that “lands once acquired for a public purpose cannot be returned to original owners.”
“As per Supreme Court judgment land once acquired for public purpose need not be given back. It’s upto the airport authorities to decide what to do with the land,” said assistant government pleader G W Mattos.
The legal heirs, reclaiming the two tracts of land measuring 12 acres, stated that the land will be used for rehabilitation of encroachers instead of expanding the RRS as revealed in an earlier affidavit filed by the authorities.
Petitioner Anwar Hajee Cassum Agboatwala and other legal heirs state that such a change of purpose is not permissible even if it is assumed it is for a public purpose.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
The legal heirs of the erstwhile owner of the lands in Dahisar claimed that instead of expanding the existing Remote Receiving Station by the Airports Authority of India, the Mumbai International Airport Private Limited, which subsequently took over airport operations, is planning to use 50 per cent of the land to resettle and rehabilitate people who have encroached upon the airport land.
The affidavit filed by Kishore Agraharkar, special land acquisition officer, states that “lands once acquired for a public purpose cannot be returned to original owners.”
“As per Supreme Court judgment land once acquired for public purpose need not be given back. It’s upto the airport authorities to decide what to do with the land,” said assistant government pleader G W Mattos.
The legal heirs, reclaiming the two tracts of land measuring 12 acres, stated that the land will be used for rehabilitation of encroachers instead of expanding the RRS as revealed in an earlier affidavit filed by the authorities.
Petitioner Anwar Hajee Cassum Agboatwala and other legal heirs state that such a change of purpose is not permissible even if it is assumed it is for a public purpose.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Teaser rates on home loans to go as base rate debuts
Mumbai: India’s top lenders who have offered teaser rates on mortgages through special schemes to boost off take of loans will withdraw such schemes on Wednesday, as banks move to a new system of pricing loans from July 1. The special loan schemes launched by mortgage lenders — HDFC, ICICI Bank and State Bank of India last year, featuring lower rates at fixed rates for the first couple of years — will end on June 30. According to bank officials, none of these schemes are likely to be extended.
India’s largest bank — SBI’s and ICICI Bank’s pricing of home loans will shift to the new benchmark — the base rate from July 1. SBI, which was the first to kick off this special scheme or teaser rates, is offering home loans at 8% for the first year, 9% for the next two years and linked to market rates in the subsequent years. HDFC, which was then forced to follow suit, offers a fixed rate loan of 8.25 % up to March 2011, 9% for 2012-13 and the prevailing rate thereafter. ICICI Bank’s scheme offers a fixed rate of 8.25% during the first year, 9% in the second year with the loan then being shifted to a floating rate linked to the prevailing benchmark.
SBI’s aggressive move succeeded with the bank sanctioning an average Rs 2,000 crore of home loans every month. The bank then extended the scheme, as did HDFC, the leader in the mortgage lending segment. However, with the shift to the new benchmark, there is uncertainty relating to how banks would price their home loans. Banks have indicated that their base rates would be in the range of 8-10%, but there is no clarity now on the spread at which they would lend. So far, banks could structure special home loan schemes to attract new customers as they were allowed to lend below the prime lending rate. Under the new system of pricing loans, which comes into force from July, no bank can lend below the base rate.
Old borrowers will have the option to shift to the base rate as the new benchmark. But some bankers say they may have to continue announcing the prime lending rate as a benchmark simultaneously since they have already contracted with borrowers to peg interest rates to the PLR. The base rate will favour borrowers in a falling interest rate regime as lenders would have to revise the base rate to reduce lending rates.
RBI has made it clear to banks that any changes in the base rate will have to be applicable to existing customers as well. However, what needs to be borne in mind is that the central bank has only told banks to adopt the base rate system, which is not applicable to housing finance companies and NBFCs. In the last interest rate cycle, many old customers complained that they did not receive the full benefit of lower rates on their homes loans as banks offered lower rates to new customers while old customers continued to pay higher rate.
Banking analysts say if the base rate is in the range of 8-10%, home loans would have to be priced higher than this. Further, home loan rates are expected to go up as interest rates are now headed northwards. Many banks have held back a review of their interest rates until the adoption of the new benchmark. RBI executive director Deepak Mohanty said the base rate system will not increase the effective cost of borrowing as projected by the corporate lobby and that it was aimed at bringing more transparency in the lending rates. Bankers are of the view that interest rates on home loans will continue to be competitive since it is a secured loan.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
India’s largest bank — SBI’s and ICICI Bank’s pricing of home loans will shift to the new benchmark — the base rate from July 1. SBI, which was the first to kick off this special scheme or teaser rates, is offering home loans at 8% for the first year, 9% for the next two years and linked to market rates in the subsequent years. HDFC, which was then forced to follow suit, offers a fixed rate loan of 8.25 % up to March 2011, 9% for 2012-13 and the prevailing rate thereafter. ICICI Bank’s scheme offers a fixed rate of 8.25% during the first year, 9% in the second year with the loan then being shifted to a floating rate linked to the prevailing benchmark.
SBI’s aggressive move succeeded with the bank sanctioning an average Rs 2,000 crore of home loans every month. The bank then extended the scheme, as did HDFC, the leader in the mortgage lending segment. However, with the shift to the new benchmark, there is uncertainty relating to how banks would price their home loans. Banks have indicated that their base rates would be in the range of 8-10%, but there is no clarity now on the spread at which they would lend. So far, banks could structure special home loan schemes to attract new customers as they were allowed to lend below the prime lending rate. Under the new system of pricing loans, which comes into force from July, no bank can lend below the base rate.
Old borrowers will have the option to shift to the base rate as the new benchmark. But some bankers say they may have to continue announcing the prime lending rate as a benchmark simultaneously since they have already contracted with borrowers to peg interest rates to the PLR. The base rate will favour borrowers in a falling interest rate regime as lenders would have to revise the base rate to reduce lending rates.
RBI has made it clear to banks that any changes in the base rate will have to be applicable to existing customers as well. However, what needs to be borne in mind is that the central bank has only told banks to adopt the base rate system, which is not applicable to housing finance companies and NBFCs. In the last interest rate cycle, many old customers complained that they did not receive the full benefit of lower rates on their homes loans as banks offered lower rates to new customers while old customers continued to pay higher rate.
Banking analysts say if the base rate is in the range of 8-10%, home loans would have to be priced higher than this. Further, home loan rates are expected to go up as interest rates are now headed northwards. Many banks have held back a review of their interest rates until the adoption of the new benchmark. RBI executive director Deepak Mohanty said the base rate system will not increase the effective cost of borrowing as projected by the corporate lobby and that it was aimed at bringing more transparency in the lending rates. Bankers are of the view that interest rates on home loans will continue to be competitive since it is a secured loan.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Tuesday, August 3, 2010
Real Estate Revival Encouraging Developers to Revisit IPO’s
With the equity market holding up, some of the real estate companies are revisiting their share-offering plans, even at a price lower than what they had initially hoped for. Many of these companies already have Sebi’s approval to launch their initial public offerings (IPOs), but deferred their plans in the face of unfavourable market conditions. Companies that have the regulator’s approval with a validity until 2011 include Lodha Developers with an indicative IPO size of Rs 2,500 crore, AMR Constructions (Rs 145 crore),Delhi-based Ambiance (Rs 1,293 crore), Emaar MGF (Rs 3,850 crore), Oberoi Realty (Rs 1,002 crore), Kumar Urban Development (Rs 320 crore), Prestige Estates (Rs 971 crore), Neptune Developers (Rs 378 crore), and BPTP (Rs 1,500 crore).
“The secondary market is witnessing some euphoria, and sectors like telecom and real estate are being rerated,” said said a top official at a foreign investment bank involved in one of these deals. “Also, volatility has reduced, which is good for IPO-bound companies. We are likely to see some of the bigger real estate players come back to the market again,” he said, but also cautioned that only a few companies would be in a position to take advantage of this window of opportunity.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
“The secondary market is witnessing some euphoria, and sectors like telecom and real estate are being rerated,” said said a top official at a foreign investment bank involved in one of these deals. “Also, volatility has reduced, which is good for IPO-bound companies. We are likely to see some of the bigger real estate players come back to the market again,” he said, but also cautioned that only a few companies would be in a position to take advantage of this window of opportunity.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Brigade Enterprises Seeks shareholders’ Approval to Raise Rs 750 crore of Additional Funding
Brigade Enterprises Seeks shareholders’ Approval to Raise Rs 750 crore of Additional Funding
Bangalore-based real estate company, Brigade Enterprises has sought shareholders’ approval to raise Rs 750 crore of additional funding. The money will be raised through various instruments such as global depository receipts (GDRs), American depository receipts (ADRs), foreign currency convertible bonds (FCCBs) or via placement with qualified institutional investors.
In a note to shareholders, ahead of the annual general meeting on July 23, the company said, “The money will be used to fund the construction cost of ongoing and new residential projects, acquisition of land, repayment of debts, augmentation of working capital, investment opportunities and for other general corporate purposes.” “We will take resolution of Rs 750 crore but will only raise around Rs 350-400 crore in the first tranche,” said R J Shama Sunder, general manager, finance, Brigade Enterprises.
The Banglore based realty firm, which primarily focuses on development of residential units in South India, is also seeking shareholder approval to list its stock on the London, Singapore, Luxembourg and New York Stock Exchanges. “We have an option of looking to raise money from the international market by listing the company on foreign stock exchanges,” said Sunder.
Shareholders will be called upon to approve the appointment of KR Srinivas Murthy as one of the directors of the company. Murthy is currently on the boards of CMC, National Stock Exchange of India and Himatsingka Seide.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
Bangalore-based real estate company, Brigade Enterprises has sought shareholders’ approval to raise Rs 750 crore of additional funding. The money will be raised through various instruments such as global depository receipts (GDRs), American depository receipts (ADRs), foreign currency convertible bonds (FCCBs) or via placement with qualified institutional investors.
In a note to shareholders, ahead of the annual general meeting on July 23, the company said, “The money will be used to fund the construction cost of ongoing and new residential projects, acquisition of land, repayment of debts, augmentation of working capital, investment opportunities and for other general corporate purposes.” “We will take resolution of Rs 750 crore but will only raise around Rs 350-400 crore in the first tranche,” said R J Shama Sunder, general manager, finance, Brigade Enterprises.
The Banglore based realty firm, which primarily focuses on development of residential units in South India, is also seeking shareholder approval to list its stock on the London, Singapore, Luxembourg and New York Stock Exchanges. “We have an option of looking to raise money from the international market by listing the company on foreign stock exchanges,” said Sunder.
Shareholders will be called upon to approve the appointment of KR Srinivas Murthy as one of the directors of the company. Murthy is currently on the boards of CMC, National Stock Exchange of India and Himatsingka Seide.
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com
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