HDIL hits 52 week high on Credit Suisse stake buy
On April 10, 2014, Credit Suisse (Singapore) acquired 2.14 million shares at Rs 73.81 per share, the NSE bulk deal data shows
Apr 11, 2014
Source : Business Standard


MUMBAI: Housing Development and Infrastructure (HDIL) is trading higher by 2% at Rs 77.20 in an otherwise weak market after Credit Suisse (Singapore) bought over 2 million shares of the Mumbai-based real estate developer for Rs 16 crore through an open market transaction.

On April 10, 2014, Credit Suisse (Singapore) acquired 2.14 million shares at Rs 73.81 per share, the NSE bulk deal data shows.

The stock opened at Rs 75.20 and touched a high of Rs 77.90 on the NSE. Till 1000 hours, a combined 7.45 million shares changed hands on the counter on the NSE and BSE.

Meanwhile, since March 26, the stock has rallied 55% from Rs 49.70 after foreign and local brokerage firms acquired nearly 7 million shares via open market.

On March 27, Kotak Securities purchased 2.13 million shares of the real estate firm, constituting 0.5% stake at Rs 51.56 per share.

On April 4, Nomura Singapore Limited purchased 4.41 million equity shares, representing 1.05% stake in the company, at Rs 67.45 per share via a block deal, the NSE data shows.

Latest Realty News

Real estate agent booked for rape, circulating objectionable photos of victim
Apr 11, 2014
MUMBAI: The Charkop police are looking for a real estate broker after his female friend lodged a complaint of rape on Tuesday. The 21-year-old woman also stated that the accused had clicked objectionable photos of hers and had begun sending it to her parents.
Get proactive for a home loan
Apr 11, 2014
PUNE: A home loan looks like an attractive proposition. When you see an advertisement of a bank in a newspaper, offering a very attractive interest rate, a subsequently low EMI, etc., your long cherished dream of owning a house suddenly looks achievable. With banks offering loans on attractive terms and conditions, a dream home is no longer a dream but a reality. However, before you make a home loan application, it would be better to be aware of some of the issues faced by borrowers during the h
Consider giving possession of Kurla's Premier Residency flats: Bombay High Court to HDIL
Apr 11, 2014
MUMBAI: The Bombay High Court on Wednesday asked Housing Development & Infrastructure Ltd to consider handing over possession of ready flats at its Premier Residency project at Kurla in Mumbai, saying lawyers representing the developer and home buyers should try for an outof-court settlement.
Private equity firm Milestone Capital sells Rs 145-crore Pune property to HNI
Apr 11, 2014
MUMBAI: Private equity firm Milestone Capital Advisors has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI), marking a potential renewal of interest among such investors in assets that offer stable rental returns in addition to capital appreciation.
Sensex remains higher; Sun Pharma up, TCS down
Apr 10, 2014
MUMBAI: Indian equities remained higher in post noon trade on Wednesday on the back of higher capital inflows amid IMF's forecast of better growth prospects for India in 2014. Healthcare, realty and metal stocks witnessed a rise whereas IT stocks registered a fall. At 1.19 p.m., the Sensex was trading up 99.43 points or 0.45% at 22,442.88 with 20 components gaining. Meanwhile, the Nifty was trading higher by 19.70 points or 0.29% at 6,714.75 with 37 components gaining.
Indian realty industry looks to BJP to lift fortunes
Apr 09, 2014
MUMBAI: The crisis-ridden real estate sector, feeling neglected by the United Progressive Alliance (UPA) government, is warming up to the Bharatiya Janata Party (BJP) and its prime ministerial candidate Narendra Modi to lift its fortunes. In the wake of economic instability, the realty industry has been facing severe stress with a clouded investment outlook. Its industry captains are looking forward to a strong and stable government that can put the battered economy back on rails and undertake t
Pricey realty deals: Cipla's Yusuf K Hamied & KKR's Sanjay Nayar buy Breach Candy’s Sea Face Park ho...
Apr 09, 2014
MUMBAI: Drug major Cipla's Yusuf K Hamied and private equity giant KKR's Sanjay Nayar have bought sea-facing 3-bedroom apartments in Breach Candy's Sea Face Park in South Mumbai, in what are the second most expensive apartment deals across the country.
Realty boom adds to PCMC’s revenue
Apr 09, 2014
PUNE: In 2013-14, the department had set a revenue target of Rs 327 crore, but ended up earning Rs 335 crore. Pathan attributed the increase in revenue to simplified procedures. “The department has to grant the building permission to the applicant within two months of the application if he has fulfilled all the necessary conditions. Earlier, we required around two months to give the permission as the officials had to conduct physical verification of property ownership documents. Now, online scru
Plan your investments at the start of the year
Apr 08, 2014
MUMBAI: The beginning of a new financial year is a good time to revisit your portfolio and take stock of your finances. Early planning helps you earn more returns and prevents you running from pillar to post in the last week of the next March.
Banks score on rates, HFCs on amount
Apr 08, 2014
MUMBAI: Bringing 20% of a property cost to the table may not always be easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, which can easily be around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.

Latest Realty News Of State

Realty Talk's