Relief for home buyers as banks cut home loan rates
Real estate developers rallied on Tuesday, April 3, as some banks have cut home loan rates for new borrowers, sparking hope of increased property sales in the country.
Search Results: DLF Ltd (124)
Verdict may open Pandora’s Box for real estate sector
The country’s competition regulator is planning to initiate an investigation next week to find whether the practices for which it fined DLF Rs.630 crore on Tuesday are the norm at other real estate companies too.
Realty sector blames rising costs for performance slippage
The net profit in the June quarter is down for all major listed real estate companies is a matter of worry for the sector in general.
Real Estate shares cheap yet untouchable
This week has been a good one for investors in real estate shares, who had seen their investments lose 30%-55% in value over the past six months in the wake of a number of corruption allegations involving the sector.
Realty stocks plunge over 3 pc on rate hike fears
Stocks of real estate companies suffered widespread losses on the BSE today dragging down the sectoral index by 3.14 per cent on all-round selling by funds on fears of rate hike by RBI to curb inflation.
Branded housing share increases to 56% of overall supply
Highly-established developers are known to conduct careful research on their locations and are therefore able to pinpoint the most happening growth corridors. They know what product works best, and where it works best. While end-users are assured that they are buying into a well-researched area, this fact also ‘raises the bottom’ for investors who are looking for the right product to back.
NCLT Delhi Court issued contempt of court Notice to Rohtas Goel, CMD, Omaxe
Court has also directed that financial statements, bank details, any important resolutions by Board of directors of the company be placed on record along with minute books and attendance register w.e.f 1st April 2015 onwards. Also notices along with the proof of dispatch of the Board meetings and attendance registers be filed.
Challenges of real estate market expansion
In India, when the going was smooth a number of leading developers tried to foray into multi-city operations. Most of them had to exit the expansion strategy sooner than later. It rather proved to be the first nail in the coffin for some of these market leaders by size.
Co-promoter files petition against Omaxe CMD
Sunil Goel, the second largest promoter and shareholder of Omaxe Group has alleged for financial fraud at Omaxe Group. He has filed a legal petition against Rohtas Goel, Chairman & Managing Director, Omaxe Ltd for malpractices and financial mismanagement carried out in the company allegedly by Rohtas Goel.
When builders turn zamindars
Competing against DLF, the company won the auction and soon made plans to construct a grant 18-hole golf course surrounded by luxury apartments and villas, to be marketed as the plush “Unitech Golf and Country Club”. Flashy advertisements were immediately published and huge booking amounts were collected from aspiring buyers who looking forward to their dream homes in the project.