Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« Budget Extravaganza »
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1
 Finance Ministry may talk to EC before finalising Budget date
 Govt starts biggest ever overhaul of Budget
 How does an early budget impact you
 Welcome steps to overhaul the Budget

TDI lines up Rs 1,000 cr for budget
August, 22nd 2009

The New Delhi-based realty firm TDI is planning to invest Rs 1,000 crore to build low-priced homes in the national capital region in the next three years, a senior company executive said.

The demand for homes is coming back slowly, said TDI managing director Kamal Taneja, outlining the companys priority to attract buyers.

TDI, which has its real estate projects spread over New Delhi, Kundli and Panipat in Haryana and Mohali in Punjab, recently launched 350 residential units in Kundli and claims to have sold all these in just a month.

Taking its presence further, the company is now planning to launch another 350 homes over the weekend in Kundli, around 35 kms from central Delhi. The 900-sq ft independent floor homes will be priced between Rs 16.50-19.50 lakh.

A total of 700 homes entailing an investment of around Rs 1,000 crore would come up in Kundli over the next three years, Mr Taneja said.

TDI has tied up with architectural firms Drew Dickson Associates of Australia and HO Partners of Hong Kong for development of its 1,600-acre Kundli township. Of late, there has been a surge in fund-raising activity via QIP by many listed real estate companies, including Unitech, HDIL and Sobha, following a revival in the capital market.

Some other unlisted firms such as Lodha Developers and Emaar MGF are also lining up their initial share sale. But Mr Taneja thinks that the market is still volatile and an IPO for TDI is not on the cards.

He said his company is relatively less leveraged and doesnt intend to go in for any private equity deals immediately and would focus on selling homes to raise cash.

There is very little private equity money available and there are too many developers chasing it. Also, private equity investments made these days are actually debt structured as equity, he pointed out, explaining why he is not excited about getting PE fund infusion in his company.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions