03 Feb 09 Job Offer : Executive Assistant – Real Estate Investment Bank
A leading Real Estate Consulting company requires an Executive Assistant for their senior management. The job will be based out of their Bandra office in Mumbai. Excellent remuneration package is offered along with an assured chance for career advancement since the Investment Bank is at the cutting edge in Real Estate Market Research. If interested kindly email your resume clearly mentioning your academic qualifications, previous work experience and your achievements to info@bullishindian.com
Job Requirements
Young, aggressive with efficient IT & Communication skills
Must be internet saavy and should be able to search effectively on the internet for various research related data.
Ability to meet deadlines
Mumbai candidates preferred
26 Jul 08 Mountain Homes For Sale
I have always wanted to own a home amidst mountains, boasting graceful ponds and trees. Nowadays, I find that more and more families are moving to peaceful, secluded areas in an attempt to avoid the chaos and pollution filled cities and large towns. Due to the sub-prime crisis, the real estate market in the country and also across the globe has taken a hit. After a few months of bearish trend, the market now seems to be stabilizing and hence this is probably the best time to buy a new house, either for self occupation, second home, holiday home or plainly for the purpose of investment. I looked around for the best mountain home neighbourhood in the USA and was surprised to find quite a few mountain homes for sale.
Out of the popular mountain destinations, the ones I like the most are the Arizona white mountain real estate community which is in Northern Arizona and the Asheville and Black Mountain ones in North Carolina. I would shortlist one of these two, sometime next month. If you live in one of these mountain communities, I would appreciate it if you could share your opinion. This would certainly go a long way in helping me choose the best location to buy a mountain home.
09 Jun 08 Real Estate Sector down in dumps as SENSEX tanks
The real estate industry is facing the heat of the rising inflation in India. The SENSEX tanked by close to 450 points today and the real estate sector was the worst affected in this crash. Share prices of DLF and Unitech which are the top 2 Indian real estate developers, tumbled. DLF was down by over 7% today while Unitech was down by close to 8%. If the inflation is not contained, the real estate industry is likely to be the worst affected since the huge supply both in the residential as well as the commercial space, which is coming up in the next 12 to 36 months will have no takers at all. Real Estate developers are already seen slashing prices and offering gifts and discounts to property buyers in order to lure them into buying appartments.
23 Dec 07 Parsvnath Passion (Jammu) Launched by Parsvnath Developers
Parsvnath Developers Limited has informed the stock exchanges that it has launched a residential project called Parsvnath Passion in Jammu. Parsvnath Passion will be Parsvnath Developers’ maiden project in Jammu. Parsvnath Developers expects the realization value of Parsvnath Passion to be around Rs. 100 crores. Parsvnath Passion will have 480 residential appartments priced between Rs. 17 lakhs and 30 lakhs each. The cash realiszation from this project is expected to start this financial year itself and is expected over 3 years.
29 Nov 07 Urban Land Ceiling and Regulation Act ULCRA Repealed
Finally some good news for Bombay developers. The controversial and useless act, Urban Land Ceiling and Regulation Act ULCRA has finally been repealed. Analysts tracking the real estate space suggest that over 15,000 acres would be released in Mumbai for development now after the Urban Land Ceiling and Regulation Act (ULCRA) is repealed. The ULCRA act prohibited individuals from owning over 500 sq m of land. ULCRA led to wide scale corruption and swindling of money in Maharastra. Real Estate stocks zoomed today after news that Urban Land Ceiling and Regulation Act (ULCRA) was repealed hit the stock markets.
04 Oct 07 Sobha Developers, QVC Realty and Chintels India develop Integrated Township in Gurgaon
Shares of Sobha Developers moved up smartly based on reports that Sobha Developers has partnered with two other Indian real estate firms, to develop an integrated township in Gurgaon, Haryana. The Integrated Township will be built on a land parcel of 192 acres and the total development area being 65 lakh square feet. The Gurgaon Integrated Township project will require an investment of Rs. 2000 crores from the 3 companies. Apart from Sobha Developers, QVC Realty and Chintels India are the other companies in the consortium.
03 Oct 07 DLF bags Bidadi knowledge city township project in Karnataka
Indian Real estate major DLF Universal is learnt to have bagged the Bidadi knowledge city township project in Karnataka. Bidadi Knowledge City will come up approximately 30 km away from Bangalore and 15 km from Mysore. The joint venture partner for DLF for the Bidadi knowledge city project is Limitless Holdings, a part of Nakheel and Dubai World group. The Bidadi knowledge city township will have a dedicated metro rail connection to Bangalore city. The township will also have malls, multiplexes, hotels and serviced apartments apart from offices and residential appartments.
03 Oct 07 Indiabulls Real Estate gets private equity funding from Goldman Sachs
Indiabulls Real Estate has received a private equity funding of $200 million from the private equity arm of leading global investment bank Goldman Sachs. The private equity investment in Goldman Sachs is said to be an entity level investment. The current PE multiple commanded by Indiabulls Real Estate is about 418. As soon as reports of Indiabulls Real Estate receiving private equity funding hit the markets, Indiabulls Real Estate moved up by over 3.50%.
05 Sep 07 Emaar MGF IPO
Leading Indian real estate developer Emaar MGF is all set to tap the capital markets by means of an IPO through the book building route. Emaar MGF had raised private equity funding from JP Morgan for developing a residential project in thye NCR region. The JP Morgan funding was for US $100 million and was provided in November last year. Emaar MGF is likely to file DRHP with SEBI soon.
05 Sep 07 Akruti Nirman and Dubai World to bid for Dharavi redevelopment project
The bidding for the ambitious Dharavi redevelopment project, which has a lot of political, social, environmental and economic implications for the various stakeholders involved, is scheduled to begin soon. Akruti Nirman which specialises in slum rehabilitation projects has joined hands with Limitless, a subsidiary of Dubai World to bid for the Dharavi redevelopment project. Dharavi is Asia’s largest slum and houses tens of thousands of people. It is strategically located very close to Bandra Kurla Complex, which is Mumbai’s second largest business district (after Nariman point, Fort area) and hot real estate property. Akruti Nirman and Dubai World will form an SPV for this project. Akruti Nirman will hold the majority stake in this project. There will be huge competition for the Akruti Nirman – Dubai World combine as many leading developers from India and abroad are likely to participate in the bidding process for the Dharavi redevelopment project.
03 Sep 07 Ansal Properties and Infrastructure FPO
Delhi based real estate company Ansal Properties and Infrastructure is planning to come out with a follow on public offer (FPO) to fund its real projects. Ansal Properties and Infrastructure has a huge land bank of about 7500 acres and has received private equity funding from leading real estate focussed private equity funds like Noor Capital, HDFC Realty Fund, IL&FS investment managers (IIML) and Citigroup. The Ansal Properties and Infrastructure FPO issue size is likely to be around Rs. 1000 crores.
29 Aug 07 Nagarjuna Construction raises Private Equity funds from Blackstone
Nagarjuna Constructions has informed the stock exchanges that the board of Nagarjuna Construction has approved raising funds from leading private equity player Blackstone Group. Blackstone Group is the largest private equity group. Nagarjuna Construction will dilute 14.5% stake to raise Rs. 615 crores from the Rs 615 Blackstone Group. With a 14.5% stake, Blackstone will get representation on the board of Nagarjuna Construction.
25 Aug 07 Omaxe plans Integrated Township PDA Omaxe City, Baran Patiala
Leading real estate company Omaxe last week announced the launch of its new integrated township project called “PDA Omaxe City, Baran Patiala“. PDA Omaxe City, Baran Patiala will be located at Sir Hind Road, Baran, Patiala, Punjab. PDA Omaxe City is an Omaxe – Patiala Urban Development Authority PPP project. The Omaxe stock was up by almost 10% as soon as this announcement was made.
21 Aug 07 DLF launches IT SEZ in Mihan Nagpur
DLF today informed the stock exchanges that it has launched its first SEZ – The DLF IT SEZ in Mihan, Nagpur. The Nagpur IT SEZ is the second SEZ in the state of Maharashtra. DLF will develop the IT SEZ in Mihan, Nagpur over 140 acres of land. DLF expects that IT and ITES companies will prefer to operate out of this SEZ since the SEZ has obtained formal approval and will hence provide all the benefits available under the Government SEZ policy.
21 Aug 07 Kilburn Engineering sells Bhandup (Mumbai) property to HDIL
Kilburn Engineering witnessed heavy buying interest from investors after news about its property sale in Bhandup, Mumbai was reported in the media. Kilburn Engineering entered into an MOU with Housing Development and Infrastructure Limited (HDIL) to sell its property at Bhandup, Mumbai for a cash consideration of Rs. 124.69 crores. The shares of Kilburn Engineering were up by about 9% after this news broke out.
