India's Puravankara up to $36 mln share sale covered 1.5 times

A perfect Ponzi scheme is one where money brought in by the newer investors is used to pay off older investors. In real estate, money brought in by newer investors is used to build homes for the older investors.

The financial capital Mumbai is known as one among the traditional real estate markets in India after Delhi.

Tata Housing Development Company Limited, Indias growing real estate developer, announced the second phase launch of its premium residential development

Source: IRIS (22-MAY-13) Comments | Post Comment RBS Financial Services, a part the Royal Bank of Scotland Group, today announced the launch of Real Estate Services (RES) in India. RES is a referral based service which will offer range of real ...

Real estate developer Puravankara Projects Limited has set a price band of 80 rupees to 85 rupees for its up to 1.84 billion rupees ($33.2 million) share sale, it said in a statement late on Tuesday. The company aims to sell 21.57 million shares to ...

Omaxe, one of the leading real estate developers in India, extended fall on Wednesday after completing the promoters' offer-for-sale (OFS) for 5 million shares on Monday. The OFS was completed at an indicative price of Rs 148.77. The company's promoters, ...

The real assessment of the actual diplomatic gains out of Chinese Premier Li Keqiang’s three-day India visit can be made only after promised actions are initiated, but surely it has yielded some political dividend for the beleaguered United Progressive Alliance government, notes Sheela Bhatt. The issue of the incursion by Chinese troops 19 kilometres into Indian territory in mid-April created a huge national crisis for the UPA government. It reminded people of the days of 1999 when ...

MUMBAI, May 21 (Reuters) - Founders of Indian real estate company Omaxe Ltd raised about 503 million rupees ($9 million) by selling a part of their stake in the company to meet the market regulator's requirement of having at least 25 percent public ...

Despite the all-pervasive optimism over progress based on the PM-elect's personal interest in economic ties with India, it's unlikely that much would change in Delhi-Islamabad relations. If a change does indeed come, it's unlikely to come in the ...