Ascott opening its doors to India
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. Analysts believe Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.
DLF plans to reduce its debt by Rs.2,500-3,000 crore by the end of this financial year, according to Group Executive Director Rajeev Talwar.
In Mumbai sales registrations for July 2011 are down 31% to 5,047 as against 6,500 in July 2010, pointing to the continuing downtrend, said real estate analysts for Prabhudas Lilladher.
Real estate giant DLF may have to pay Rs.900 crore extra penalty if the Competition Commission of India (CCI) finds it guilty of abusing its dominant market position in three more projects in Gurgaon.
Defying any ears of a market slowdown, liquidity crunch and rising inventories, the April-June period saw a 65% growth in retail mall space supply across India over the previous quarter
Shares of DLF rose six per cent in Monday’s trading on expectations the company’s debt reduction strategy was falling in place, said analysts tracking the stock.
India’s top listed real estate developer DLF Ltd missed analysts’ estimates with a 19 percent fall in quarterly profit due to cost rises.
It’s not just the residential real estate market in Mumbai that is going through a slump, the commercial office segment, too, is reeling under a slowdown.
When Rishi Patil bought his first property in Mumbai a decade back, he followed the advice of family astrologer and deliberately waited for 7 months to book the flat on the day of Akshay Tritiya.