
Rate hike adds to debt burden of real estate companies
Continuous rise in interest rates by the banks is dampening the effort of the real estate companies to reduce debt by selling non-core assets.
Continuous rise in interest rates by the banks is dampening the effort of the real estate companies to reduce debt by selling non-core assets.
The real estate sector in Pune has taken the Reserve Bank of India’s (RBI) announcement to increase the repo rates in their stride without much cribbing.
The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
While the real estate carries home the point that the very nature of business has gone for a change with second generation taking over the business, professionals driving the show and efforts for an overall image makeover.
The Competition Commission of India (CCI) penalty of Rs.630 crore on DLF has raked up the old debate in the sector as to whether the business falls under the service sector.
Residential prices in Asia continue to increase, contrary to the pattern elsewhere, according to the Global House Price Index for the second quarter of 2011 by property consultant Knight Frank.
‘Winning the decade,’ is the focal theme of the fourth edition of GIREM, Global Initiative for Restructuring Environment and Management, the flagship urban development and real estate conference to be held at The Zuri White Sands, Goa.
DLF has sold a 28-acre plot in Gurgaon to M3M India for Rs.440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt.
While the land acquired by the Uttar Pradesh Government along the Expressway has snowballed into a political slug fest, the National Highways Authority of India (NHAI) still believes that is the way to go.
Aerens Gold Souk International (AGIL) has appointed Devasish Dutta as President for its retail division.