Casino operator Jaydev Mody returns to real estate roots with Rs500 crore fund

Mumbai: Jaydev Mukund Mody, a gambler-turned-entrepreneur and the founder of Delta Corp. Ltd, the company focused on casinos in Goa, has entered the real estate investment business through his new Rs.500 crore private equity fund. Eagle Capital Advisors Pvt. Ltd has launched the fund, Alpha Advantage Real Estate Fund, with a green shoe option of an additional Rs.500...

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China's real estate giant sees profit, revenue grow in H1

BEIJING, July 17 (Xinhua) -- Poly Real Estate Group, one of China's leading real estate companies, saw revenue and profit both grow in the first half of 2016 (H1), despite headwinds in the property sector. Poly posted total profits of 9.79 billion yuan (about 1.46 billion U.S. dollars), up 21.3 percent from the same period last year, according to a statement on the Shanghai Stock Exchange on Sunday. The Beijing-based company generated total...

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Real estate could be exempted from central environmental rules

Following the NDA government’s “Ease of Business” mantra, the environment ministry has proposed that the entire construction sector could be exempted from mandatory environmental clearances if states impose pre-specified and standard green conditions under their building bye-laws. But, even before the environment ministry carries out mandatory public consultation and...

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These 6 Charts Tell You Everything You Need to Know About the Real Estate Market

There’s likely no sector as important to the U.S. economy as housing. In the first quarter of 2016, residential investment accounted for roughly half of the 1.1% increase in real GDP. Historically, this is on the high side, but when you count spending on housing services as well as spending on various kinds of housing construction, the home construction industry can...

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Navi Mumbai: Real estate developers talk of living in the shadow of fear

Three years after tragedy first struck outside the building of S K Brothers Builders & Developers at Sector 28 in Vashi, a nervous energy still prevails within its walls. When we enter the reception area, an armed cop relaxing on a sofa, is suddenly alarmed. He sizes us up, but is assured by the receptionist. We are then led into the spacious chamber of 28-year-old...

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