QVC to invest $200 mn in new, existing realty projects
The Mint, Dec 24, 2007: India’s first venture capital funded real estate company, QVC Realty Pvt Ltd, plans to invest $150-200 million (Rs594-792 crore) in 2008 in new and existing projects.
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Buy or rent: money matters
Deccan Herald, Dec 21, 2007: The proverbial doubt after moving to a new place and probably a new job – house hunting. So should one buy a house or opt for renting.
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QVC’s golf homes
Indian Express, Dec 15, 2007: QVC Realty is developing a golf course property in Chikmagalur, which will have an area of 200 acres.
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India is set to dance to the REIT beat in 2008
The Wall Street Journal, Dec 12, 2007: India is poised to jump aboard the bandwagon of real estate investments trusts in what could be a major step in deregulating its burgeoning real-estate market.
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QVC buys 200 acres in Chikmagalur
The Times of India, Nov 29, 2007: Real estate fund QVC Realty has acquired 200 acres of land on the outskirts of Chikmagalur to set up a second-home project, a nine hole golf turf and a 60-room high-end spa resort.
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Realty cos pitch their tents in urban gateways
The Economic Times, Nov 29, 2007: Realty players, hospitality groups and entrepreneurs are checking into Karnataka’s great outdoors and quaint weekend gateways.
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QVC plans Rs 1,500-crore airport township in South
The Economic Times, Nov 29, 2007: In a bid to cash in on the demand for homes in and around upcoming international airports in the South, Bangalore based QVC Realty proposes to invest around Rs 1,500 crore to develop residential townships in Bangalore and Hyderabad.
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There isn’t any bubble waiting to burst
EPC Age, Oct, 2007: Barely six months old in the Indian realty sector, and QVC has already carved a niche for itself with a well thought out strategy and a professional team in place.
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“Our Focus is on developing high-quality products”
Construction World, Oct, 2007: The process of buying a home is a painful task, given the paper work, formalities, lack of information, lack of guarantee of quality, timely delivery, final asking price, etc. In order to make the entire home-buying exercise hassle-free, convenient, organised and transparent.
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QVC Realty to raise $200mn in 2nd round
Mint (HT), Oct 15, 2007: The Bangalore based QVC Realty Pvt Ltd, India’s first venture capital funded real estate company is looking to raise around $100-$200 million (Rs 390-780 crore) in a second round of funding from private equity firm.
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Sobha Developers joins hands with QVC Realty
The Hindu Business Line, Oct 03, 2007: Sobha Developers Ltd announced its joint development agreement with QVC Realty and Chintels Group having a large land bank in National Capital Region (NCR), to develop a 192-acre integrated township in Gurgaon, on Wednesday.
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Supply Constraint will vanish from the real estate sector in India within five years
Indian Express, Sep 24, 2007: To be a developer, you need capital, you need land, and you need development expertise. Today’s companies typically started with land or capital first. In our case, we started with development expertise first, and then raise a capital.
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QVC to develop two townships in Gurgaon for Rs 2, 500 cr
The Economic Times, Sep 05, 2007: Bangalore based real estate firm QVC Realty plans to invest Rs 2,500 crore over the next 3-4 years to develop two townships of 100 acre each in Gurgaon and is looking at more projects in the southern states of the country.
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FDI A Bonanza For Indian Realty
Realty Plus, Aug, 2007: Since the government of India amended in March 2005 its norms to allow 100% foreign direct investment in construction and real estate business, the flow of finance from abroad has been the prime pusher of realty development, both residential and commercial, with the rising GDP also contributing to the upsurge.
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QVC Realty Expands Core Management Team
The Economic Times, Aug 25, 2007: QVC Realty, India's first venture-funded Real Estate Company, today announced the expansion of its core management team with the appointment of Mr. V S Kumar as VP Finance & Company Secretary, Mr. C J Balasubramanya as VP Design & Construction, Mr. Ramesh Jagirdar as VP Legal and Mr. David Finehirsh as its Sr. Business Analyst for Strategy & Acquisition.
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ILFS’ Private equity arm invests $100m in QVC Realty
DNA Money, April 11, 2007: IL&FS’ Investment Managers (IIML), the private equity arm of IL&FS, has invested $100 million in a real estate start-up QVC Realty, the first venture capital backed real estate start up in India. QVC Realty is promoted by Prakash Gurbaxani, who was heading the real estate joint venture between Tishman Speyer and ICICI Venture.
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Prakash Gurbaxani launches QVC Realty
The Economic Times, Feb 20, 2007: A Private-equity (PE) funded real estate development company is rolling out. After quitting TSI Ventures, a joint venture realty fund between Tishman Speyer and ICICI Ventures, Prakash Gurbaxani has floated QVC Realty. The new start-up will initially operate in top 12 cities and develop residential, commercial, SEZ and hospitality assets.
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