Godrej Properties will raise up to Rs.750 crore through a shares issue over the next 6-12 months to bring down promoters’ shareholding in the company from the current 83.79% to 75%.
If the current economic conditions have proved nothing else, they certainly prove that investment in Indian residential real estate is impossible to write off, ignore or find an alternative to.
Ratings agency CRISIL has urged Housing Boards and State Governments to generate more awareness on the significance of ratings in developing a real estate project, to help create a level playing field.
Triangle Real Estate India Fund is looking to raise $200 million in the next few months through its second India retail-centric real estate fund.
Omkar Realtors & Developers has launched its boutique development, ‘Vayu’ in Mumbai.
This could be the best possible Diwali gift for common Mumbaikars—who want to spend a day with their families—with loads of fun and entertainment.
Encouraged by the number of Indians who have bought property in and around Kuala Lumpur, a Malaysian delegation is in the city to attract high net worth individuals to make Malaysia their second home.
Not far from Mukesh Ambani’s 27-storey tower, Antilia, may not be the tallest scyscaper in Mumbai as a competing skyscraper is making its way into Mumbai’s skyline.
The real estate market may be in a slump with developers innovating ways and means to increase sell, but the festive season seems to be bringing in good cheer for the country’s tallest tower — Lodha World One.
With slowdown signs looming large over the Indian economy, the effect on the job market and its subsequent effect on office space is getting visible now.