Omkar Realtors & Developers has announced a Rs.250 crore commitment by Red Fort Capital to its premium residential project in Mumbai’s suburb of Malad, named Omkar Alta Monte.
Dewan Housing Finance Corporation Limited (DHFL), India’s second largest housing finance company in the private sector, announced on Monday, Nov 14, the re-alignment of its asset management business.
Unitech Ltd reported a 47 per cent fall in its net profit for the second quarter ended September 30 on the back of rising input cost and interest rate hike, among other factors.
Textiles’ major Alok Industries is looking for a Rs.900-1,000 crore deal; discussions with global realty funds, however, is stuck as slowdown upsets valuation matching.
Targeting the growing corporate sector in India, global serviced-residence owner-operator The Ascott International aims to double its presence by 2015 at an investment of about USD 250 million.
While 560-odd investors were duped by Emaar MGF, banks too were defrauded.
It may well go down as one of the biggest real estate scams in the country. The controversial Commonwealth Games village builder, Emaar MGF, has fraudulently sold off over 560 plots it did not own to unsuspecting buyers in Mohali (Punjab).
DLF has said its net debt increased by nearly Rs.1,000 crore in the July-September quarter to Rs.22,519 crore, mainly due to delayed receipt of payments related to non-core asset sales.
The two Sahara Group companies have moved the Supreme Court challenging the sectoral tribunal’s order asking the Group to refund around Rs.24,000 crore to investors.
DLF Limited has recorded consolidated revenues of Rs 2,577 crore for the quarter ended September 30, 2011, an increase of 2% from Rs.2,520 crore in Q2 FY11.