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.
The missing files of Aldeia de Goa throws open serious doubts on the Government authorities.
Government intervention is needed in India to bring regularization in unorganized real estate broking, says a report by Netscribes, a knowledge consulting solutions company.
Apparel firm Provogue India Ltd said on Thursday, August 11, it will demerge its real estate business into a newly incorporated entity.
Government of Goa had initially taken a firm stand against the DB Realty Goa Project on account of the Goa Bachao Abhiyan (GBA) fierce agitation in 2006.
Real estate along with information technology and financial sectors cornered nearly 52 per cent share in mergers and acquisitions (M&As) out of 68 deals during June and July.
DB Realty Ltd has reportedly sold off its 50% stake in a south Mumbai property to the Adani Group.
Tata Realty and M3M Developers are believed to be in the race to buy DLF’s Gurgaon plot for around Rs.400 crore.
AIG Global Real Estate (AIG GRE), the real estate fund of the global financial major, is looking to exit two projects of Bangalore-based RMZ and raise around $450 mn.
India’s largest textile firm, Alok Industries Ltd is divesting its real estate portfolio to ease debt.