Company News Archives - Page 30 of 98

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July 31, 2012

Emaar net operating profit up 45% at $332 mn in Jan-June

Emaar Properties has reported a 44.35% jump in net operating profit of $332 million for the first six months of this year. The company had posted an operating profit of $230 million in the January-June period of last fiscal. However, total income for the first six months of 2012 remained flat at $1.068 billion, Emaar Properties said in a statement.

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July 29, 2012

Consumer forum penalises Emaar MGF for ‘service deficiency’

The UT District Consumer Disputes Redressal Forum has penalized Emaar MGF Land Limited Sector 17, for ‘gross deficiency in services’ and ‘unfair trade practice’.

Company News

July 23, 2012

Real-estate firm to pay Rs 7.7 lakh for non-delivery of flat

No leniency should be shown to “unscrupulous litigants” who file “meritless” petitions in different foras to cover up their faults, the apex consumer commission has held while asking a real-estate firm to pay Rs 7.7 lakh for not handing over possession of flat in time.

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July 22, 2012

Hindujas to foray into India’s real estate sector

The Hinduja Group, with a global presence in core sectors such as oil and gas, automotive, power, IT, banking and finance, today announced a major foray into the real estate sector in India involving an investment of up to $15 billion.

Company News

July 19, 2012

Godrej Properties signs MOU with Axis Bank

Godrej Properties Ltd. (GPL) has signed a Memorandum of Understanding (MOU) with Axis Bank to offer a special scheme to customer of all GPL projects which have been approved by Axis Bank for home loan purposes.

Company News

July 16, 2012

Godrej Properties to develop 110 acre township project in Panvel, Mumbai

Godrej Properties (GPL) has announced that it has entered into a joint venture agreement to develop approximately 110 acres of land in Panvel. The project will have an estimated saleable area of 3.5 million square feet.

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July 16, 2012

DLF plans to lower debt to Rs 17,000 cr

DLF on Sunday, July 15, said it planned to cut its Rs 23,000-crore debt to about Rs 17,000 crore in this financial year and asserted that it was not unduly “perturbed” by the massive load.

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July 13, 2012

Lanco to seek sale of Rs 27 billion real estate business

Lanco Infratech Ltd, the power producer, is reportedly seeking buyers for a real estate business it values at 27 billion rupees ($483 million). According to the sources close to the development the company has asked investment banks to submit proposals to manage the sale.

Company News

July 13, 2012

CHD Developers acquires Empire Realtech

CHD Developers has acquired Empire Realtech, a company holding about 12.34 acres of land at Sector 106 in Dwarka Expressway, Gurgaon. This land is licensed and has all approvals in place. CHD Developer acquired entire shareholding of Empire Realtech, pursuant to which it has become a wholly owned subsidiary of CHD Developers Ltd.

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July 13, 2012

CBRE Group, Inc. ranks #4 among all outsourcing firms

CBRE Group, Inc. has announced that the company has been recognized as the #4 outsourcing services provider across all industries, and the highest-ranked real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100. CBRE is the first real estate services firm to break into the elite top 5 on IAOP’s list. The firm improved its ranking from #6 in 2011.

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