Realtors have been adding Rs14 crore debt a day
The debt load of 11 listed real estate companies in the country has risen 15%, or by Rs.5,000 crore, to Rs.38,500 crore in the last 12 months.
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ASK Property Investment Advisors to raise Rs 10 bn by December
India’s ASK Property Investment Advisors aims to raise a Rs.10-billion ($219 million) fund by December in a bet on the long-term case for property in Asia’s third-largest economy, said a top official.
Verdict may open Pandora’s Box for real estate sector
The country’s competition regulator is planning to initiate an investigation next week to find whether the practices for which it fined DLF Rs.630 crore on Tuesday are the norm at other real estate companies too.
Realty sector blames rising costs for performance slippage
The net profit in the June quarter is down for all major listed real estate companies is a matter of worry for the sector in general.
Omaxe sees net debt down at Rs 880-890cr
Omaxe Ltd expects net debt to fall to Rs.880-890 crore by March 31 as it plans to repay debt over the next three quarters, mainly from operations, a top official said on Tuesday, August 9.
Realtors exploring alternative channel of funding
As India’s realty sector goes through a liquidity crunch with banks tightening lending norms and property sales dropping, real estate developers are turning to alternative channels of funds.
Quantitative – Running the numbers using Cap Rate
One needs to look at three key figures when considering an investment. Cap rate, is the first of these tools.
CRISIL report says Jaipur real estate a goldmine
The global research agency CRISIL has termed Jaipur as a goldmine for the real estate investment.
DLF net falls 13% in Q1
DLF on Tuesday, August 2, reported a 12.81 per cent decline in its consolidated net profit for the first quarter ended June 30 at Rs.358.36 crore.
LIC Housing Finance plans to launch Rs 500 cr fund in Sept
LIC Housing Finance Ltd plans to launch a Rs 500 crore venture capital (VC) fund for urban infrastructure development by September, according to its Director and Chief Executive Officer, V K Sharma.