DB Realty to pick up 49% in hospitality arm
Dynamix Balwas (DB) Realty, the Mumbai-based realtor, has decided to buy upto 49 per cent stake in its hospitality arm, DB Hospitality Ltd, an unlisted arm where the promoters hold a majority stake.
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Unitech profit drops, DB Realty net rises
Unitech Ltd, India’s second largest real estate company, and DB Realty Ltd continued to struggle with sales in the June quarter amid rising interest rates and slowing demand—a seemingly unceasing plight they share with most of the sector.
HDIL Q1 profit falls 12.5%
Housing Development and Infrastructure (HDIL) has posted consolidated net profit of Rs.1.89 billion for the quarter ended June 30, 2011 as compared to net profit of Rs.2.16 billion for the quarter ended June 30, 2010, representing decrease of 12.50%.
Parsvnath Q1 net dips 19%, to raise Rs 2,000 cr
Parsvnath has reported 19.04% fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project.
Mumbai commercial property market – mid-2011 update
The Mumbai commercial property market has displayed resilience in the recent past.
Why files of DB realty still remain missing?
The missing files of Aldeia de Goa throws open serious doubts on the Government authorities.
Government intervention brings regularization in unorganized real estate broking
Government intervention is needed in India to bring regularization in unorganized real estate broking, says a report by Netscribes, a knowledge consulting solutions company.
Provogue to demerge real estate business into new entity
Apparel firm Provogue India Ltd said on Thursday, August 11, it will demerge its real estate business into a newly incorporated entity.
Pune residential property market – mid-2011 update
Much like in Bangalore, the primary catalyst for Pune’s residential real estate market are the Information Technology and Information Technology-Enabled Services sectors.
CM does a ‘U-Turn’ in Aldeia de Goa after meeting Balwa & Goenka
Initially the Chief Minister of Goa owing to the pressure brought on by the GBA decide to stand firm against the project and even got the Additional Collector – North Goa to issue of ‘Stop-Work’ order.