HANOVER SQUARE
Adar Poonawalla to buy London property for Rs 1,440 crore, the second-most expensive ever sold
Indian billionaire Adar Poonawalla is set to purchase a London mansion, Aberconway House, for £138 million (Rs 1,440 crore), marking the city's priciest home sale this year. The property, owned by Dominika Kulczyk, will become the second-most expensive residence ever sold in London. Poonawalla's Serum Life Sciences, a UK subsidiary of Serum Institute of India, will acquire it.
Family Office of billionaire Ravi Ruia acquires sprawling London mansion
Hanover Lodge, originally designed by British architect John Nash around 1827, is located on the outer circle of Regent's Park and is said to be currently under construction. The Grade II listed historic property was previously linked to Russian property investor Andrey Goncharenko, according to 'The Financial Times' which first reported on the sale.
Indiabulls Real Estate posts 76% drop in Q3 profit at Rs 49 crore
Total income increased marginally by 2.33 per cent to Rs 1317.7 crore.
Indiabulls Real Estate sells London property to promoters for 200 mn pounds
Indiabulls Real Estate said the "company's wholly owned subsidiary has divested its entire stake in Century Ltd, which indirectly owns Hanover Square property, London to Clivedale Overseas". In June, Indiabulls Real Estate promoters had sold 14% stake in the company through open market transactions to Embassy Group for Rs 950 crore.
Strategic investor in commercial ops will help Indiabulls pare debt: Ajit Kumar Mittal
"Our key strength lies in commercial assets and that’s why focus is on restructuring this part of the business.”
Indiabulls, Mandarin Oriental team up for London project
The proposed Indiabulls property will be the Hong Kong-headquartered hospitality major’s second property in London after Mandarin Oriental Hyde Park at Hyde Park in Knightsbridge.
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Top stocks in focus on 18 December 2017
Here is a list of top stocks that are likely to be in focus in today's trading session.
We will either have a strategic investor or we will demerge: Vishal Damani, Indiabulls Real Estate
From BLU portfolio, we expect Rs 2700 cr of net surplus in 12-18 months and the focus going forward would be commercial leasing business, says Damani.
REFILE-Reuters Sports Schedule at 0001 GMT on Wednesday, Feb 8
SPORTS-NEWS-SCHEDULE AT 0001 GMT/ (CORRECTED):REFILE-Reuters Sports Schedule at 0001 GMT on Wednesday, Feb 8
Reuters Sports Schedule at 0001 GMT on Monday, Feb 8
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Mak double helps Slovakia thrash Scotland 3-0
SOCCER-WORLDCUP-SVK-SCO:Mak double helps Slovakia thrash Scotland 3-0
Indiabulls Real Estate raises Rs 20crore via NCD; Rs 151crore so far
Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. It has presence in key metros of Mumbai, NCR and Chennai.
Indiabulls Real Estate raises Rs 25 crore via NCDs
Last month, the Mumbai-based company had announced that it proposes to raise up to Rs 200 crore through issue of NCDs on private placement basis.
Indiabulls Real Estate cuts debt by 16% to Rs 4,617 crore in FY16
Indiabulls Real Estate also said it plans to launch two projects with a total saleable area of 7.29 million sq ft, of which 5.06 million sq ft would be housing.
Panama papers leak: DLF, Indiabulls Real Estate promoters say they are clean
Sameer Gehlaut of Indiabulls Real Estate said all relevant disclosures related to overseas investments through his family trust and other companies have been made to the authorities.
IBREL cuts net debt by Rs 552 crore in April-December period of FY16
"5.06 million sq ft of saleable residential area and 2.23 million sq ft of saleable commercial area in NCR," the presentation said.
Indiabulls Housing Finance buys 40 per cent in UK bank
Last year, it acquired 22-23 Hanover Square in central London, a commercial property, in a closely contested auction.
Indiabulls Real Estate to cut debt by Rs 1,850 crore by March 2017
IBREL has cut its net debt by over Rs 300 crore during the second quarter of this fiscal and is targeting to further reduce it by Rs 1,850 crore by March 2017.
Indiabulls Real Estate receives planning permission for redevelopment of London property
In May, it had submitted a planning application to the council for a project comprising 41 residential apartments, a 51-room hotel and 4,500 sq ft of retail space.
Indiabulls Real Estate gets plan approval for London project
Last year, the company had entered the London market with acquisition of 22, Hanover Square in Mayfair, Central London, a 87,444 sq ft commercial property for Rs 1,630 crore.
Indiabulls Real Estate gets Westminster City Council nod for redevelopment of London property
Indiabulls Real Estate has received planning permission from Westminster City Council for redevelopment of its London property on Tuesday.
Indiabulls Real Estate looks to sell 40% in London property
The developer is in talks with PE firms, sovereign funds and family offices to sell a 40% stake in the project in London for around Rs 1,000 crore,
Indiabulls arm highest bidder for Voltas land
The realty developer's bid of Rs 236 crore is the highest amount being paid on per acre basis for a land parcel in Thane.
Indiabulls Real Estate's debt rises 67% to Rs 5,083 crore
Indiabulls Real Estate's net debt increased to Rs 5,083 crore as on September 30, 2014 from Rs 3,051 crore at the end of June quarter.
Indians invest £241 million in Q2 to buy land in Central London
The total land purchases in Central London rose by 13 per cent in the April-June period, over the first quarter, to reach 828 million pounds.
Indiabulls Real Estate rallies 3% on expansion plans in London
Indiabulls Real Estate rallied 3% on Friday, after ET reported that the realty major has paid Rs 1,550 cr for a commercial property in London.
Indiabulls buys land in London for Rs 1,550 crore; plans to convert building into luxury residential property
Indiabulls is looking to finance the transaction through internal accruals. It plans to convert the building into a luxury residential property.
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