More than 1,000 registered attendees from around the world will converge in Shanghai next week for the 2012 ICSC Retail Real Estate World Summit. More than 70 speakers around the globe from companies ranging from Apple and Walmart to India-based K Raheja Corp. will be discussing the latest trends transforming the international retail real estate industry.
Kerala Chief Minister Oommen Chandy has said that investors, who attend the Emerging Kerala meet, with real estate motives will have to return empty handed. “Not an inch of land will be sold for projects approved in the meet. Can you think any secret business deal is possible in Kerala?,” he asked the editors of various media organisations in the state during an interaction ahead of the Emerging Kerala meet on Thursday, Sep 6.
The Revenue department on Thursday, Sep 6, said it will soon come out with accounting standards for the real estate sector to bring about uniformity in reporting of financial results.
Can meat & eggs offered to God resolve realty crisis? Well, the real estate community in Coimbatore thinks so. More than 1000 members of the real estate sector, including key promoters, sought diving intervention on Wednesday, Sep 5, to bail them out of the crisis they were in, caused by decreasing demand and prices.
The fifth edition of Global Initiative Restructuring Environment & Management (GIREM) Leadership Summit, the international forum for urban planning and corporate real estate, would be held at New Delhi on October 18 and 19.
The US Government has hired property consultancy Knight Frank to assess the valuation and strategic review of all its real estate properties in India. The properties, which house embassies, consulates, offices, residences, schools and libraries at prime locations across Delhi, Mumbai, Hyderabad, Chennai and Kolkata, were acquired over the years and are estimated to be approximately worth thousands of crores.
Cushman & Wakefield has appointed Randall Hall as Executive Managing Director, Greater China. Based in Hong Kong, Randall will be responsible for providing executive leadership for Cushman & Wakefield in the Greater China region, which includes China, Hong Kong & Taiwan.
In Q2 2012, the retail landscape in India was characterized by subdued demand coupled with restrained supply of mall space and largely stable rentals, says a DTZ report. While continued high inflation levels have restrained consumer spending and delayed purchase decisions, the slowdown in economic growth and weak consumer sentiments have resulted in a sense of uncertainity amongst retailers thereby putting expansion plans on hold.
Reacting to the Veritas recommendation of a ‘blanket’ sell on Indiabulls stocks, the company has reacted sharply blaming Veritas report to be factually incorrect. The group responded to the report by saying it will initiate ‘appropriate criminal proceedings on the authors of the research report for publishing false and factually incorrect data.’
Purvankara Projects have reported its revenues at Rs. 248 Crores; up 30% in Q1 FY ’13. Profit After Tax (PAT) stands at Rs 50 Crores; up 61%, with EBITDA up 34% and EBITDA margin at 48%. Profit Before Tax (PBT) at Rs. 73 Crores; up 66%.