The fund is to invest in income generating assets such as malls, office complexes among others.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
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He started a fund with Rs 800 crore and made several investments.
In the last few years, zero per cent financing has become quite attractive as consumers aspire to buy the latest products, especially in categories such as mobile phones and television sets.
While one of them is on the verge of opening, three others are expected to come up in the next three years.
All categories of NRI deposits saw net inflows in July.
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
With Big Bazaar Direct, the company franchisees will visit customers to take orders and the products would be delivered in three to seven days.
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Consultants say those selling imported consumer durables, apparel, food products, furniture, etc, are the ones hit the hardest.
Recovery in US gives extra boost to IT/ITeS office deals in Bangalore and the National Capital Region.
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As home deals are down to a trickle, most are looking at life beyond broking.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
120 new malls came up in last two years, but 30-40 of their older peers downed shutters
Real estate loans could become NPAs for banks.
Mumbai-based LocalBanya is looking to expand to Pune and Delhi as part of its growth strategy.
Between Kotak, Shapoorji and HDFC, fund managers have raised $700 million from investors
Approaches Morgan Stanley, GIC and Blackstone
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