DLF plans to cut debt by Rs 3,000 cr
DLF plans to reduce its debt by Rs.2,500-3,000 crore by the end of this financial year, according to Group Executive Director Rajeev Talwar.
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NAREDCO presents its pre-budget memorandum to the government
National Real Estate Development Council (NAREDCO has requested Government to address the key concerns of the real estate industry and home buyers, offer tax incentives across housing segments and boost buyer’s confidence through a slew of measures in the upcoming interim Union Budget 2019-20.
Mixed reactions on Union Budget 2016-17
Industry players’ have given mixed reaction on the Union Budget…
DLF announces retirement of T. C. Goyal, MD of the company
The Board of Directors of DLF Ltd has placed on record appreciation on retirement of T.C. Goyal, Managing Director of the Company, from the services of the Company. He shall cease to be the Managing Director of the Company with effect from close of business hours on 31st March, 2015 upon completion of his term, as was approved by the shareholders of the Company at the extra-ordinary general meeting held on 4th April, 2013.
Developers crib rate hike to dampen housing demand in festival season
Track2Realty-Agencies: Real estate companies have expressed disappointment over the RBI’s decision to hike the short-term lending rate, saying this could hurt economic growth and adversely impact property demand in the ongoing festival season.
No unsold inventories in books of account: DLF
Track2Realty-Agencies: DLF said on Sunday, Sep 29, that it has no unsold inventories despite slowdown in the property market as the company mostly sells flats before the start of construction of projects.
Cabinet clears, sector debates and home buyers apprehensive about housing prices
Track2Realty Exclusive: The Union Cabinet has cleared the Land Acquisition Bill, the realty sector is debating its pros & cons but the home buyers are apprehensive whether the house prices will shoot up in proportion of the higher cost of fresh land acquisition. The Bill cleared by the Union Cabinet makes the consent of 80 per cent of owners mandatory for private projects.
Housing prices to go up after land acquisition bill approval
Track2Realty-Agencies: Land prices will escalate leading to rise in housing price if the Land Acquisition Bill is passed by Parliament, real estate developers and property consultants have said.
Real estate disappointed at holding of rates
Track2Realty-Agencies: Realty firms and property consultants have expressed disappointment over RBI’s decision to keep key policy rate unchanged and said it was the right time to bring down the borrowing cost for home buyers as well as developers.
Realty welcomes retail FDI decision
The government’s decision to operationalise FDI in multi-brand retail would help the realty sector as the move would create demand for retail space and boost mall development in the country, real estate developers and property consultants said.