Supertech to expand geographical presence before IPO
Supertech Limited plans to expand its geographical presence before filing DRHP with market regulator SEBI for its IPO in around a year’s time.
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DLF shares fell to 2 year low
India’s top listed real estate developer DLF Ltd missed analysts’ estimates with a 19 percent fall in quarterly profit due to cost rises.
Sahara realty gets notice for using third-party account
Sahara group companies, which raised Rs.4,843 crore by issuing optionally fully convertible debentures (OFCDs), is not using its own bank account to handle this money.
Sahara directed to provide details on OFCD Scheme by SC
Seeking more clarity on the Optionally Fully Convertible Debentures (OFCDs) scheme, the Supreme Court on Monday directed Sahara India Real Estate Corporation Limited (SIRECL) to submit an affidavit containing the format of OFCD scheme and the list of agents working on its behalf.
South Mumbai property goes northwards in demand
When a property dealer suggested Kartik Shah to set up his office at Navi Mumbai, instead of South Mumbai market, it seemed to be a sound business sense.
CREDAI blames taxes & delays as hurdles in affordable housing
“Reduction in taxes and flexibility in approval process will provide affordable homes to the masses. If these two elements are addressed by the government, selling price of the homes will be reduced by at least 33%,” said Lalit Kumar Jain, President of CREDAI.
CBDs losing sheen to PBDs
Central Business Districts (CBDs) are supposed to be the lifeline of the city and a mirror of the economic activity and real estate market trend.
Global financial meltdown leading to realty boom in Punjab
Global financial meltdown and the NRIs fear psychosis with the collapse of financial institutions seems to have by default been the catalyst to the realty boom in Punjab.
Kerala realtor in Doha to promote project
SFS Homes, a noted builder from the south Indian state of Kerala, is in Qatar to promote its latest projects at Thiruvananthapuram, Kochi, and Guruvayoor.
IT notice to MMRDA, CIDCO
The Income Tax department has sent notices to real estate companies, MMRDA, CIDCO stating that all land lease sales or transfers attract a 10% tax, sources said.