Sensex, Nifty Set To Open Lower On Weak Global Markets MSCI s broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.
Updated: February 19, 2021 9:03 am IST
The Indian equity benchmarks are set to open lower on Friday on the back of weak global cues and as indicated by the Nifty futures traded on Singapore Exchange The Nifty futures on Singapore Exchange fell 0.5 per cent or 75 points to 15,045. Asian stocks pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming U.S. data dented investor confidence in a faster economic recovery from the COVID-19 pandemic, while gold hit a seven-month trough. MSCI s broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.
DLF s rental arm acquires Hines 51.8% stake in Fairleaf
Fairleaf was a joint venture company between DLF and funds managed by Hines which owned and operated One Horizon Centre in Gurugram.
BusinessToday.In | February 18, 2021 | Updated 21:53 IST
In December, DLF had said that DCCDL had entered into a securities purchase agreement with funds managed by Hines to acquire their 51.8 per cent stake in Fairleaf.
Real estate developer DLF on Thursday said its rental arm DLF Cyber City Developers Limited (DCCDL) has acquired 51.8 per cent stake from Hines in Fairleaf Real Estate Private Limited.
Fairleaf was a joint venture company between DLF and funds managed by Hines, a global real estate investment, development and management firm, which owned and operated One Horizon Centre in Gurugram.
DLF s rental arm acquires Hines 51 8% stake in Fairleaf origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
Developers raises Sh1.3 billion in Nairobi housing project sales
Thursday January 28 2021
By BONFACE OTIENO
Summary
Clay City Developers Limited has sold about six percent of its 5,200 affordable houses located at Clay City on Thika Road in Nairobi, raising Sh1.3 billion from the sale.
The Clay City project, which sits on 36 acres is being built through a joint venture between Housing Finance (HF) Development and Investment and Clay Works Limited.
The Sh11 billion project is being funded by a mix of debt, equity from foreign funds and contractor financing.
Clay City Developers Limited has sold about six percent of its 5,200 affordable houses located at Clay City on Thika Road in Nairobi, raising Sh1.3 billion from the sale.
Why DLF share price rose 13% today
DLF shares hit fresh 52-week high of Rs 277.8, up 12.46 per cent, on the Bombay Stock Exchange amid strong volume
BusinessToday.In | January 12, 2021 | Updated 14:51 IST
DLF shares delivered a return of 142 per cent over the last nine months
Shares of DLF rallied nearly 13 per cent in intraday trade to hit record high of Rs 277.8 on the Bombay Stock Exchange on Tuesday amid strong volume. Analysts have turned bullish on realty stocks, such as Godrej Properties and DLF, citing demand revival and shifting consumer preferences in wake of COVID-19 pandemic.
Brokerage firm Jefferies has projected that residential sales may cross 2019 levels and prices will rise over 10 per cent over next two years. It expects inventory to fall to 8-year low by end of 2021. The brokerage firm has selected Godrej Properties and DLF as top picks in the real estate sector.