Leela Group to sell Leela Resorts to ease debt burden
The Leela Group is set to sell its marquee property in Kovalam, a famous beach on the outskirts of the capital of Kerala, as part of an ongoing exercise to ease its debt burden.
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No takers for 1.3 crore sq ft of office space in Mumbai
Real estate stock of office premises in Mumbai has been going through a slump for the last 14 financial quarters.
Why a CBI enquiry was not conducted for missing files in Aldeia de Goa project?
Government of Goa continued to go soft on the developer despite of objections by the administration, NGOs and the civil society.
Oberoi, Mukesh Ambani join hands to build hotels, luxury homes
Prithvi Raj Singh Oberoi and Mukesh Ambani are set to join hands for development of hotel properties, and even luxury apartments, both within and outside the country.
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.
ATS Group forays in Gurgaon
ATS Group, the Noida-based developer has announced its foray to the Gurgaon property market with residential projects.
Videocon’s hotel project in Ahmedabad on hold
Videocon Group has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road.
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.
Why did Goa Government go soft on DB Realty?
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.
KUL gets Rs 50 crore by private investors
Kumar Urban Development Ltd (KUL) has raised Rs.50 crore from two private investors, taking its total fund-raising this year to about Rs.300 crore.