Realtors worried over repayment of bank debt
The impending closure of the financial year has the listed real estate developers scurrying to make final repayments or get debt refinanced.
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Hotel Leela to foray into realty business
Hotel Leela is all set to foray into real estate development in order to cut its debt. The conversion of land banks into upmarket residential homes in Bangalore, Hyderabad and Pune is believed to raise Rs.950 crore for the company.
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.
Realtors trip to knowledge share at Singapore
Around 1,000 developers will be flying to Singapore to attend a two-day knowledge-sharing event on March 28 and 29.
BNP Paribas raises ratings on real estate
BNP Paribas has raised its ratings on Indian real estate developers, citing a discounted value and improving outlook.
CREDAI to focus on image management of real estate
Real estate developers are trying to change perceptions. A new team of office bearers which took charge at the Confederation of Real Estate Developers’ Associations of India (CREDAI) has announced to work on a set of measures that will help builders deliver projects on time, redress customer grievances and improve governance to change image and perception of the sector.
CREDAI Tamil Nadu says commercial realty going up
Confederation of Real Estate Developers’ Associations (CREDAI) Tamil Nadu unit has said that enquires for commercial real estate property has picked up in the last couple of months following decent growth in the IT industry.
Realtor Hasan Ali sent to ED Custody
Pune-based real estate developer Hasan Ali Khan, who was arrested on late Monday night by the Enforcement Directorate, was remanded by the sessions court to ED’s custody on Tuesday. Khan was kept at JJ Hospital for most part of the day, as he complained of high blood pressure.
Realty under IT scanner
Suspecting the use of black money to finance deals in the country’s booming real estate sector, the Income Tax Department is keeping close tabs on the sources of funding for developers’ lucrative projects.
Balwa’s resignation led to DB Realty’s shares nosediving a record low
Shares in developer DB Realty hit a record low on Monday after its Managing Director Shahid Balwa, embroiled in a widening telecom corruption investigation, resigned from his position.