News: Unitech Ltd (UNTE.NS)

UNTE.NS on National Stock Exchange of India

15.45INR
19 Dec 2014
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Thu, Oct 30 2014

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Real-estate, construction shares up after govt relaxes FDI rules

Reuters Market Eye - Unitech up 2.2 percent, DLF gains 3.3 percent while Sobha Developers advances 5.9 percent.

MARKET EYE -Indian real-estate, construction shares up after govt relaxes FDI rules

* Unitech up 0.8 percent, DLF gains 0.9 percent while Sobha Developers advances 2.7 percent. * Hindustan Construction Company gains 2.7 percent while NCC is up 1.1 percent. * India relaxes rules for foreign investment in construction. * Move seen providing funding to companies to cut debt, fast track projects. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

INDIA PRESS-Unitech to sell Noida plot to Gulshan Homz for 4 bln rupees - Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Chris Peters in Bangalore)

Factbox - Investors ready $1 billion war chest for office assets in India

NEW DELHI - Foreign private equity funds and pension funds are among investors that over the last 12 months have committed to invest more than $1 billion to buy or build commercial property in India as the government works to finalise rules governing real estate investment trusts (REITs).

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