Top Rated Projects of Noida Extension
headline »
Fri, 26/10/12 – 14:05 | No Comment

Indian Property Review has announced Top 20 projects in Noida Extension. The projects were evaluated on the basis of Location, Price, Facilities and Builder’s Track Record and following projects emerged as winners with highest ratings …

Read the full story »

Commercial Real Estate

Realty Finance


Residential Real Estate


Home » Realty Finance

QVC plans 3000cr investment in realty projects

Submitted by on Sunday, 28 September 2008No Comment

QVC Realty, an Indian real estate firm has planned six projects across the country. The projects, most of which will be in the luxury segment, will involve an investment of Rs 2,500-Rs 3,000 crore and be complete by 2013. QVC Realty will operate in 12 markets including such as Mumbai, Delhi, NCR, Bangalore, Hyderabad, Chennai, Kolkata and Pune. It also plans to enter Tier II cities.

The company launched its first project, QVC Hills, near Bangalore, which involves an investment of Rs 400 crore. Phase I will consist of 100 luxury villas, spread across 26 acres. The total project area could go up to 75 acres depending on the response to the Phase 1 offerings. Plot sizes are up to 11,000 sq ft and the built-up sizes will be in the range of 3,500-6,500 sq ft.

Prakash Gurbaxani, CEO and founder, QVC Realty, said the company had raised $100 million in private equity from IL&FS Investment Managers Ltd, last year. It may raise another $100 million by the end of this year to fund its new projects. He said, “We may either approach IL&FS or look for other options to fund our projects. We are looking at three to four private equity deals and hope to close them by the year end.” The company also plans to develop two integrated township in Gurgaon with Utpal Group and Sobha Developers.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

WP-SpamFree by Pole Position Marketing