Hillary Finance Secret

Archive for the ‘Indiabulls Finance’ Category

The booming real estate market has caught the fancy of foreign investors and they have raised their stake in a majority of realty firms listed on the bourses. However, some analysts believe these stocks are among the most expensive in the world.

An analysis of the holding pattern of foreign institutional investors (FIIs) in 22 major realty firms shows a majority of them raised stake in the April-June quarter compared with their stake in the previous three-month period.

FIIs increased their stake in 15 companies, including Unitech, Ansal Housing, DS Kulkarni and Indiabulls Real Estate. However, they decreased their holding in seven companies — DLF, Atlanta, Era Construction, Lok Housing, Mahindra Gesco, Madhucon Projects and Unity Infrastructure.

The real estate sector in India has witnessed a boom in recent times led by an increase in purchasing power of people, relaxed lending norms by banks and housing finance companies and the growth in retail and IT sectors.

The buying of shares by FIIs in these companies comes at a time when a few analysts believe the country’s realty stocks are among the costliest in the world. Read the rest of this entry »

Indian real estate markets have been going through a rough patch from 2007. Property developers are facing liquidity crunch and seeking for alternative options to keep the ball rolling. Demand curve for residential properties is moving south while the cost of construction is steadily rising. According to a senior official of Indiabulls, real estate developers who have been reporting good results and possess sound financial base, are taking contingency loans to support their financial well being. Read the rest of this entry »

Sources confirm, leading American investment banker, Goldman Sachs is likely to ink a deal with real estate major DLF, investing close to Rs. 1,000-crore in the firm. The sources claim Goldman Sachs is bullish on investing in some of the Indian real estate major’s on-going projects, including the one being developed in Delhi, part of a joint venture with Indiabulls. Earlier this year, Goldman Sachs announced plans for investing around Rs. 4,500-crore in various businesses in India, including, residential and commercial real estate and infrastructure projects. Read the rest of this entry »