Construction firm Gammon India Ltd, which ventured into infrastructure through its subsidiary Gammon Infrastructure Projects Ltd, or GIPL, has decided to consolidate all its real estate projects under Gammon Realty, which it plans to list on the bourses.
Though Gammon Realty was floated two years ago, it has announced only one venture in Bhopal, Madhya Pradesh—a Rs800 crore mixed-use project that would host a five-star hotel, and residential and office space.
There are a few real estate projects which were being executed under different group companies of Gammon India such as GIPL that would now be brought under Gammon Realty, said a senior Gammon India executive who declined being named as he is not authorized to speak with the media.
More : livemint.com
Send an E-Mail for India Property Enquiry!
Related News from India Properties
Free Home Listings and Commercial Property Listings on Finditt Realty, the Featured Service on
Finditt Realty, the Featured Service on TransWorldNews.co.il provides individuals, real estate brokers and real estate agents all the necessary tools needed to list a property for sale, for lease or for rent. Finditt Realty will also be appearing as the Featured Service on the Trans World News site in India. Finditt Realty is currently providing listings to be posted at no cost. Posting Real Estate for sale or for rent in the real estate section on Finditt is straight forward and easy to manage. Visitors that want to post listings can do so by creating a member account and selecting the
Indian real estate firm Unitech plans London listing
Indias largest publicly traded real estate firm Unitech (BSE:507878) on yesterday announced its plans to raise over 360 million pounds (US$700 million) through the listing a newly floated company on the London Stock Exchange. The realty major has incorporated a new real estate investment company, Unitech Corporate Parks, in the Isle of Man and plans to list it on the London Stock Exchanges Alternative Investment Market with an institutional placement of its shares. The company plans to use the offer proceeds to acquire majority stakes in six commercial real estate development projects -- four IT Special Economic Zones (SEZs), one IT Park
Indian realty firm dreams big with Rs 1500cr listing in London
Riding high on the recent success of pure-play realty biggies in the Indian capital market, another realty firm is taking one step further by aiming to list on the London Stock Exchange to raise about Rs 1,520 crore. Ishaan Real Estate PLC, which is a listed fund with an initial portfolio of eight property assets and would be majority owned by real estate firm K Raheja Corp, is seeking to pool in funds from outside its domicile. The company aims to raise $ 340 million (about Rs 1,520 crore), investment banking sources said, adding the issue has attracted good interest
Indian property developers heading to London
After K Rahejas listing on the London Stock Exchange, Hiranandani Constructions plans to raise upto USD 750 million with the biggest offering by an Indian developer on the LSE, reports CNBC-TV18. Indian developers are flocking to London and listing on the alternative investment market, or AIM, of the London Stock Exchange. Thats the LSEs international market for small companies. After K Raheja Corporation managed to raise USD 342 million through its property investment company, Ishaan Real Estate, Hiranandani Constructions are next in line and looking to raise between USD 500 and USD 750 million on the LSE. For
Alpha Tiger Property seeks AIM listing
Alpha Tiger Property Trust Limited said it intends to seek a full listing on the Alternative Investment Market of the London Stock Exchange (AIM) and to issue 75 mln shares at 100 pence per share through a placing to institutional investors. The placing is subject to admission of the companys shares to trading on AIM, which is expected to take place at 8.00 am on Dec 21. The company is a recently incorporated Guernsey-registered closed-ended investment company which has been formed for the purposes of investing in and developing real estate in India.