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Discussions At Advanced Stage With Gaz de France Suez and Akuo Energy Two Euporean companies, including the world’s second largest energy utility, are in advanced discussions with DLF to buy the property developer’s wind energy business, a person familiar with the development said. Gaz de France (GDF) Suez, which has a market capitalisation of $80 billion, and renewable energy group Akuo Energy have completed due diligence and a final decision on pricing will be taken by the end of this month, the source added. While the size of the deal is not known, DLF hopes to raise at least Rs 900 crore from the transaction which is being advised by Ernst & Young. A DLF representative told ET NOW that several bids have been received, but declined to disclose the identity of prospective buyers. Akuo Energy and GDF Suez did not reply to emails. Last month, DLF created a separate subsidiary called DLF Wind Power for its wind energy business as a precursor to the sale. The sale of the business is part of DLF’s efforts to reduce its debt, which totalled around Rs 14,000 crore at the end of March. Earlier this year, vice chairman Rajiv Singh said DLF plans to raise Rs 10,000 crore through asset sales over 2-3 years. It recently completed the sale of assets worth Rs 1,000 crore and sold its stake in the joint venture with Ackruti City for Rs 200 crore. It is also negotiating a land sale deal which is expected to yield Rs 1,000 crore this fiscal. Apart from the sale of land and other non-core assets, the company has received Rs 336 crore from the West Bengal government after it exited the Dankuni township. The management had also indicated that DLF will be refunded Rs 850 crore from the Delhi government for exiting the Delhi Convention Center project. DLF has been hit hard by the slowdown in the real estate market, forcing it to sell assets and generate cash to meet funding needs. The company has also been forced to scale down its development plans. DLF’s total developable area has fallen by more than 40%, from 751 million sq ft to 425 million square feet, mainly due to its exit from the Bidadi township project in Karanataka and the Dankuni project. The area under development has fallen from 61. 4 million sq ft to 36 million sq ft, with DLF putting several of its office building projects on hold. The company plans to resume these after demand picks up. Courtesy:- ET dt:- 18-07-09
Feng Shui (pronounced "Fong Shway") principles for the orientation of houses and offices is becoming increasingly popular. The overall objective of Feng Shui in harmony with the environment and promote the "lifestyle of positive energy." The approach here is to assign a clear nirvana where life and life in the order in the fall with the whims of "Chi". Some advice that Feng Shui is the seller at home makes sense. It's a good idea to clean your clutter and remove air from the house to fresh air. "Green" or "eco-friendly cleaning products can be another positive point – they often feel better and are better for you and the environment. Balancing the colors in the home may also be useful if you find a room that is also a "color". But what can Feng Shui followers attribute to positive energy, only the result of cleaning the mess, cleaning your house until it shines and share a few touches of green here and there – things that suggest that the majority Hare private already. It does not esoteric experts suspect that a house is simple, it is moving, which is characteristic of other potential buyers will be more attractive. Feng shui has a dark side as well, with people, as hundreds of feng shui expert "to collect thousands of dollars for work that cost more money in the end, they recommend people get rid of "bad feng shui" and from the sale of expensive renovations or walking on a house, because the "Chi" is bogus. This may in the end people cost a lot of money for something as simple as it is clean and de-clutter. "Some websites that promote or inform the public about the feng shui consultants always recommend price of $ 500 for a single consultation of up to $ 300/hr. They suggest that Feng Shui consultant $ 20,000 to $ 250,000 can win. Although it is to compete in the arena of home design and staging, to someone who has studied a book on feng shui, the hand seems ridiculous. But people do every day. It is important not to forget the Feng Shui and other practices at the prison who claims a button is all the energy "," chi "or something else, can not be quantified, if you do not have the same amount could spend the money for a conventional house rabbit, do not go to someone who promises you the best of luck out of the ether. Many principles of Feng Shui are good ideas, but also makes an amount not exceeding the market principles that make good sense.
Your bathroom is one room, renovations were noted in all cases. Given the equipment replacement and repair, can paint a subordinate position, but it's amazing when painting a room can be mobilized, especially a smaller room, as most bathrooms are in good standing. Choosing the right color and the color gives you a long way to produce a beautiful bathroom, leave a good impression on potential buyers at home. Buying a good kitchen / bathroom paint which is formulated for humid environments. These colors have specific and mildew resistant properties mildew prevent water from the shower / bath / promoting the growth of unsightly and unhealthy bodies sink. There are many brands in most of the same color that is painted on a regular basis in. If you put your heart to a certain color for some reason, there are packages Mold / mildew proof mix, you can add a Standard – Bucket. The specially developed color is usually best, however. When choosing colors for a bathroom, remember the principle of neutrality. You want to raise the bath to a variety of people. Light, airy colors such as blue or green are good, the old standby, white. A good policy is going in the smaller rooms and more dramatic and darker colors for large pieces of light. Bright colors make small bathrooms appear to be less restrictive. Dark colors can appear comfortable with a large room, but be careful about their use. You want to impress the bathroom, should not the home buyers who have their own bathroom accessories and color schemes in my head. Neutral does not have to be boring. There are many attractive borders and stencils that you can use to make your bathroom seem more interesting too. Removable labels can also give your bathroom an air easily replaceable. Buy one or two plants, and to a number of attractive pictures of coordination or pictures on the wall that show images of nature or aquatic themes. Regardless of the color you use, it is accented with matching accessories – towels, mats and shower curtains. You can also use a system that goes with the overall theme of the house, if you've painted and designed in this spirit. One idea is that the color of accessories bathroom paint in other rooms and use the color of the main theme of the accessory. A few dollars spent, a dollar store you can find fairly good net towels and soap dishes that turn your bath. Make sure you get good ventilation when painting your bathroom. It is not only better for the lungs, it is better for the paint adhesion. It helps if someone uses the bathroom to take a shower or bath for a few hours before painting. A dry place will help to cover a good color.