
Alok Industries divesting realty assets to ease debt
India’s largest textile firm, Alok Industries Ltd is divesting its real estate portfolio to ease debt.
India’s largest textile firm, Alok Industries Ltd is divesting its real estate portfolio to ease debt.
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
Shipra Group has appointed Manik Dhodi as their Vice President, Retail and Hotels. Manik has been associated with Shipra Group since June 2009 as Head – Mall Operations.
Unitech Ltd is expanding its retail development business and plans to invest around Rs.2,000 crore over the next three years to develop about 2 million sq. ft of premium and luxury shopping malls.
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sales look to cut assets.
The Keventer Group is planning to step up its activities in Bengal & Bihar, including a major foray into real estate.
Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or heavyweight HNIs could invest in.
Patel Realty India Ltd plans to launch 3-3.5 million sq ft of projects valued around Rs.300 crore during the present financial year across the country.
Israeli conglomerate Elbit Imaging and its subsidiary Plaza Centers NV will make fresh investments of at least $500 million to develop real-estate projects in India.