| Web exclusive: Paradigm shift in realty | 19-NOV-09 |
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| People in India swear by the success of the real estate sector, understandably so, for it is the country’s second largest employer and contributes to approximately 5 per cent to its GDP. The sector received foreign direct investment (FDI) of about Rs 21,370 crore between April 2007 and March 2009, second only to the services sector. |
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| Sobha to sell 2 land parcels in city | 15-SEP-09 |
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| Sobha Developers, the Bangalore-based real estate developer, is understood to be closing in on a deal to sell two of its land parcels in the city. The land parcels cover a total area of close to 44 acres. Industry estimates the market rate for the parcels to be about Rs 120 crore. |
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| Sobha set to raise another Rs 250 cr from land sale | 29-JUL-09 |
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| Sobha Developers, the Bangalore-based realty player, is set to raise another Rs 250 crore by selling a little over 100 acres of its land in Pune. The company has been making headway to settle a part of its Rs 1,900 crore debt by selling part of its 3,000-acre land bank spread across the country. Sobha recently raised close to Rs 530 crore through the Qualified Institutional Placement (QIP) route. |
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| Sobha set to raise another Rs 250 cr from land sale | 28-JUL-09 |
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| Sobha Developers, the Bangalore-based realty player, is set to raise another Rs 250 crore by selling a little over 100 acres of its land in Pune. The company has been making headway to settle a part of its Rs 1,900 crore debt by selling part of its 3,000-acre land bank spread across the country. Sobha recently raised close to Rs 530 crore through the Qualified Institutional Placement (QIP) route. |
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| Sobha Developers raises Rs 527 cr through QIP | 03-JUL-09 |
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| Construction firm Sobha Developers today said it has raised Rs 526.89 crore through qualified institutional placement (QIP) by allotting over 2.51 crore equity shares of Rs 10 each. |
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| HDIL, Sobha shareholders'nod for fund raising | 17-JUN-09 |
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| Housing Development and Infrastructure Limited (HDIL), a Mumbai-based developer, today said its shareholders have passed resolutions to raise upto $ 600 million (Rs 2880 crore) through a qualified institutional placement (QIP) of shares to institutional investors. |
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| Realty firms plan to raise over Rs 25,000 cr by share sale | 07-JUN-09 |
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| Enthused by improving market conditions, eight real estate firms including Unitech, Parsvnath and Sobha Developers are looking to raise more than Rs 25,000 crore together through sales of shares, mostly to foreign investors. |
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| Sobha net falls 52% in FY09 | 19-MAY-09 |
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| Real estate company Sobha Developers’ net profit has more than halved for the 2009 financial year, as property sales dipped sharply in the country, leading to dropping revenues and profits. |
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| Sobha may finalise fund raising options next week | 02-MAY-09 |
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| Sobha Developers, Bangalore-based real estate developer, has announced that a meeting of its board of directors will be held on May 4 to consider the various alternatives available towards raising of additional capital. The company is evaluating offloading around 25 per cent stake through preferential allotment and is expected to also evaluate the QIP route. The company hopes to raise around Rs 350 crore. |
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| Sobha plans to launch high-end apartment project in Bangalore | 24-APR-09 |
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| Even as the demand slump is forcing leading property developers across the country to prefer affordable housing in place of high value apartments, Bangalore-based Sobha Developers is firming up plans to launch a high-end apartment project in the city. The project, which would carry a price tag of about Rs 6,000 per sq ft, will be the first luxury apartment project from Sobha after crisis hit the Indian real estate sector. |
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