Track2Relty-Agencies: Dubai-based private developer DAMAC Properties has said it is launching phase two of a $1 billion project of luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
Track2Realty-Agencies: While the promoters of realty firms in India are wary of selling stake and instead choosing institutional placement programme (IPP) over share auction to bring down holding to comply with regulatory norms, Bangalore-based Puravankara Projects has also plans to raise around Rs 450 through IPP route.
Track2Realty Exclusive: Consultancy firm DTZ India believes with abundant quality supply scheduled in next 2-3 years and fast paced development of infrastructure, Golf Course Extension Road in Gurgaon and Greater Noida Expressway are the emerging markets for office space.
Track2Realty-Agencies: Indiabulls Real Estate Ltd has tied up with Doha Bank to offer its NRI customers exclusive deals on properties in India.
Track2Realty-Agencies: Real estate firms, including market leader DLF, are taking a contrarian view on preferred route for selling promoter shares, as they are opting for Institutional Placement Programme (IPP) as against the much sought-after Offer For Sale (OFS) mechanism.
Track2Realty-Agencies: Ansal Properties & Infrastructure (Ansal API) has achieved a sales bookings of Rs 2,361 crorein the first 11 months of this fiscal, slightly down from the year-ago period.
Track2Realty-Agencies: IDFC Alternatives, real estate arm of Infrastructure Development Finance Corp. Ltd (IDFC) has bought assets worth about Rs. 250 crore in Pune’s real estate developer Paranjape Schemes (Construction) Ltd’s Hinjewadi Special Economic Zone (SEZ) for information technology (IT) and information technology-enabled services (ITeS) firms and luxury residential space.
Track2Realty-Agencies: DLF aims to cut its net debt by half over the next three years to Rs 10,000-11,000 crore with the help of fresh issue of equity shares, sale of non-core assets and improved cash flows.
Track2Realty: DLF lost 2.85% to Rs 246.70 at 11:09 IST on BSE after the company after market hours on Thursday, 14 February 2013, reported weak Q3 December 2012 results at operational level.
Track2Realty: Omaxe has reported nearly 50 per cent increase in consolidated net profit at Rs 28.85 crore in the third quarter of this fiscal.