DealCurry: Real Estate Deals

Thu, September 09, 2010

Real Estate

Kotak Realty Invests Rs 250 Cr In Emaar MGF Projects
by Deeshesh Chheda | September 09, 2010, 12:49 PM

Delhi-based real estate firm Emaar MGF Land Limited has raised private equity funding of Rs.250 crore from Kotak Realty Fund for its residential projects - Emerald Estate and Palm Terraces - in Gurgaon's extended golf course area.

Around 2.7 million sq. ft of residential space is being developed in these two projects and nearly 85% of this has been sold already, making Kotak's investment relatively risk-free. The projects is expected to be completed in around three years.

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Century Real Estate Raises Rs 100 Cr Via NCDs
by Deeshesh Chheda | September 08, 2010, 10:52 AM

Century Real Estate Holdings, the real estate arm of the Century Group has raised Rs.100 crore though private placement of NCDs last week.

The funds raised will be utilize towards project development. Century Real Estate has plans to launch 7 new projects with a built-up area of 1.7mn sqft in the next 8 months. It currently has 9 ongoing projects with a total built-up area of 1.2 mn sqft in various parts of the city.

Nishith Desai Associates acted as legal counsel to the investors.

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Anant Raj Acquires Jubilant Software For Rs 81 Cr
by Deeshesh Chheda | September 06, 2010, 10:11 AM

Anant Raj Industries Limited has acquired Jubilant Software Services Private Limited for Rs.81 Crore.

Jubilant Software is now a wholly owned subsidiary of Anant Raj Industries.

Jubilant Software owns 15.58 Acres of land in Gurgaon, Haryana which is eligible for a Group Housing Project.

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Mukand Sells Thane Plot To Vodafone Essar For Rs 42.5 Cr
by Deeshesh Chheda | September 01, 2010, 01:07 PM

Mukand Limited has sold its 5-acre plot in Thane to Vodafone Essar Shared Services for Rs.42.5 crore.

Mukand is selling its properties in Mumbai and in its vicinity to reduce its long term debt which is at around Rs.1,600 crore and also for its expansion plans. It has around 55-acres of land at Kalwa, which it also plans to sell.

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Borosil Glass Sells 18 Acre Land In Andheri For Rs 830 Cr
by Deeshesh Chheda | August 30, 2010, 12:46 PM

Borosil Glass Works has sold 18 acre land in Marol, Andheri (East) to Neepa Real Estate for Rs.830 crore. The deal translates into Rs 46 crore per acre.

Borosil Glass will utilise the fund to expand its operations and retire its debt which stands at around Rs.44 Cr as on March 2010.

The deal consideration is nearly two-and-a-half times Borosil's market capitalisation of Rs.309 crore at Friday's closing price of Borosil at Rs.779.

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DB Realty To Raise $256 Mn For BKC Project

Rohan Lifescapes Plans To Raise PE For Redevelopment Projects

Textile Mills Plots In B'lore For Sale For Rs 350- 400 Cr

Brigade Group To Sell Hospital Land For Rs 120 Cr

Lodha Developers Sells 10% Stake In Project To HDFC PE For Rs 500 Cr

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Symphony Service Acquires US Based CoreObjects Software

September 09, 2010, 04:05 PM | Deeshesh Chheda

Bangalore-based Symphony Service Corporation has acquired CoreObjects Software Inc, a Los Angeles-based new product development services provider, that specialises in bringing commercially deployable products to market.

With CoreObjects’ engineering delivery centers in Bangalore and Pune, India and its team of highly skilled full-time product engineers and deep vertical market expertise, Symphony Services will expand its offerings in the product development and embedded product development space.

This acquisition also provides Symphony Services access to additional re-usable components and frameworks for product development, including CoreObjects' Smart Objects suite of software assets designed to speed clients' products to market.

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