DLF to cut debt by Rs 5,000 crore by selling three non-core assets
DLF on Tuesday, Aug 7, said it expects to close sale of three non-core assets, which will help pare its debt by about 5,000 crore, by the end of the current fiscal.
Search Results: real estate business (1678)
Ashiana launches lifestyle residency in Bhiwadi
Ashiana Housing has launched luxury apartments, Tree House Residencies in Bhiwadi. The project consists of thirty six apartments, spread over a total of nine stories in four towers in the area of 1 acre land.
India ranks low as destination of data centre operations—C&W and Hurleypalmerflatt
India emerged as the second most risk ridden Data Centre Location among the top 30 countries in a study conducted by Cushman & Wakefield and hurleypalmerflatt. The pioneering study ‘Data Centre Risk Index’ evaluated the risks to global data centre facilities and international investment in business critical IT infrastructure.
DLF struggles to cut debt, Q1 net falls 18%
Shares in DLF, India’s biggest real estate developer, traded higher in-line with the broader BSE realty index Tuesday, Aug 7, morning. At 11 a.m., the stock traded 1.3 per cent higher at Rs 214 on the BSE. The shares, up 15.4 per cent this year, are lagging a near-21 percent gain in the real estate index.
Future lies in housing for poor
Need for a revolution that will see the poor get access to housing is more eminent than ever before, and that, in such a revolution lies a great business potential for the realty sector. This was one of the strong messages that emerged from the South India Real Estate Conference, 2012, inaugurated in Bangalore on Friday, July 3.
KUL to invest over Rs 250 crores in shopping complexes
Kumar Urban Development Limited (KUL) has launched a series of shops at different locationsof Pune at an investment of about over Rs 250 crores.
Sahara buys controlling stake in New York’s Plaza Hotel
Sahara Group has agreed buy a controlling stake in the city’s iconic Plaza Hotel for USD 570 million from the Israeli-owned real estate company Elad Properties.
DLF in talks with Lodha to sell Mumbai land for Rs 2,700 cr
DLF is in advanced stages of negotiation with Lodha Developers to sell its prime land in Mumbai for about Rs 2,700 crore and a deal is expected to be finalised shortly.
Emaar net operating profit up 45% at $332 mn in Jan-June
Emaar Properties has reported a 44.35% jump in net operating profit of $332 million for the first six months of this year. The company had posted an operating profit of $230 million in the January-June period of last fiscal. However, total income for the first six months of 2012 remained flat at $1.068 billion, Emaar Properties said in a statement.
After short lived rebound in commercial property, Indian market sees rental outlook slip again in Q2
According to the latest RICS India Commercial Property Survey, sentiment in the Indian real estate market has been adversely affected in the second quarter, as the economic picture in the country continues to remain bleak with the declining value of the rupee and growth forecasts being revised lower, along with a deteriorating global climate.