Billionaire Gautam Adani's group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around $1.4-1.5 billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and invested Rs 8,500 crore through the joint venture firm Emaar MGF Land.
The Enforcement Directorate on Thursday conducted searches on the premises of realtor EMMAR MGF in connection with the multi-crore illegal Hawala and investment case involving former Jharkhand Chief Minister Madhu Koda.
Envisaged as a "one-stop shop" for healthcare at Emaar MGF residential complexes and other locations, the hospitals will focus on upper secondary and lower tertiary levels of treatment facilities, sources said. Each hospital will have a bed capacity of 75 to 125 beds.
Punjab is likely to corner a lion's share of the Rs 9,000 crore (Rs 90 billion) investments planned in India by Emaar-MGF infrastructure group, a joint venture between Dubai-based realty major Emaar and Delhi-based MGF
The Foreign Investment Promotion Board (FIPB) has cleared global hospitality major Hyatt group's proposal to set up 'Hyatt Place' hotels in the country in a joint venture with realty firm Emaar MGF, with an investment of about Rs 125-150 crore (Rs 1.25-1.5 billion).
The world's tallest building Burj Khalifa has clinched its newest Guinness World Records title for being the highest man-made vantage point on earth.
The shops became a subject of a political controversy last week.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village in New Delhi from October 28 to probe allegations of financial irregularities.
Since India eased rules governing foreign investment in property in 2005, western private equity funds and, now increasingly, the cash-rich states of the United Arab Emirates across the Arabian Sea from India, have flocked to the country.
Leading United Arab Emirates-based firms, especially in the real estate sector, have joined the list of global companies, targetting investments in India in hotels, malls, healthcare, housing, IT parks and integrated townships.
DLF, Unitech, Emaar-MGF and the Ambience Group are in race to build the largest mall.Delhi and its suburbs are witnessing a race without a finishing line - the rush to build India's largest shopping mall. The players are the top names in the real estate business - DLF, Unitech and Emaar-MGF.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
It is not just film stars who are spicing up the poll scene in Andhra Pradesh, but also corporate honchos who are jumping on to the political bandwagon to try their fortunes in Lok Sabha and assembly polls.
IIM-Trichy has seen a dip in the number of offers per recruiter. IIM-Udaipur is yet to place 20 of its 144 students.
Increase in service tax would make properties costlier to buyers.
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