Prestige Estates Projects enters into deal with HDFC Capital Advisors to form affordable housing segment

By Accommodation Times Bureau MUMBAI The Prestige Estates Projects has entered into an agreement with HDFC Capital Advisors to expand its business and to support affordable housing  segment, the company release stated. This real estate platform will have a capital of Rs 25 billion and will be a blend of equity and debt. The

Care assigns IPO Grade 3 to Prestige Estates Projects

Credit rating agency, CARE has assigned a IPO Grade 3 to the proposed Initial Public Offering (IPO) of Prestige Estates Projects (PEPL). CARE IPO Grade 3 indicates average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade

Prestige Estates Projects files IPO documents with SEBI

Bangalore based Prestige Estates Projects is proposing to enter the capital markets with a public issue of its equity shares having face value of Rs 10 each for cash at a price aggregating to Rs 12,000 million to be decided through a 100% book-building process.  The company is also mulling

Post Budget Realty stocks surge up to 11% higher

          By Accommodation Times News Service Real estate stocks ended as much as 9 per cent higher after the government today proposed tax incentives for investment instrument REITs. Shares of DLF advanced by 9.22 per cent, while Prestige Estates Projects rallied 6.86 per cent, HDIL zoomed 5.25 per cent and Indiabulls Real Estate was up 5.04 per cent. Similarly, Sobha Developers was

Realty Firms options for IIP route to meet shareholdings norms

By Accommodation Times News Service The real estate firms including the big players of the industries are taking a new contrarian view on preferred route for selling promoter shares, as they are opting for Institutional Placement Programme (IIP) as against the much sought-after Offer for Sale (OFS) mechanism. Sebi’s guideline which

The biggest Real Estate company in India

By Nawaz Sayyed Story tellers claims tall storeys but fact remains. India's biggest and most efficient builders with clear business models are here for you to compare on market capitalisation method. The market capitalisation as on 31st March 2010 was taken into account besides their profits after tax and source of

Real estate companies now on IPP route

 By Accommodation Times News Service The real estate companies feel much better in to sell shares to institutional investors under an Institutional Placement Programme (IPP) rather than through Offer for Sale (OFS) to comply with the Sebi’s minimum public shareholding norms of 25% by June 13, 2013. Giant players like DLF,

REAL ESTATE hemmed in by debt: Edelweiss reports

Q2FY12, in line with our expectation, was a weak quarter for the realty sector. A 3.1% YoY revenue growth and a 22.7% YoY dip in profit clearly reflect continued pressures of rising input and interest costs in the sector. We continue to maintain ‘Underweight’ stance in light of no signs

Real Estate Companies still in the race: Warn Analysts

From last few months increase in property market may have lifted the realtors’ sentiment. But costly funding, heavily leveraged books, increasing interest rates and projects are having several hurdles to get approved due to these circumstances worries of real estate sector are far from over, according to the analyst Warn.