Track2Realty-Agencies: DLF aims to cut its net debt by half over the next three years to Rs 10,000-11,000 crore with the help of fresh issue of equity shares, sale of non-core assets and improved cash flows.
Track2Realty Exclusive: Moderation in new supply brought the vacancy down
During 2012, the new supply dropped by a whopping 40% y-o-y to 18 million sq ft, as across many cities, the slow adjustment of supply with the changing demand patterns took effect. Bangalore was the only exception to this, where the new supply rose by a whopping 35% y-o-y, as a number of developments which had been fast tracked in response to the sharp recovery in demand in the city since 2010, got completed during the period.
Track2Realty Exclusive: Reforms as the very philosophy of a sector demands that all stake holders agree to function in a transparent manner. With the growth of real estate over the last decade, while it is heartening to note that both the developers and the government have realised the importance of transparency in the sector, there are still challenges galore.
Track2Realty: DLF lost 2.85% to Rs 246.70 at 11:09 IST on BSE after the company after market hours on Thursday, 14 February 2013, reported weak Q3 December 2012 results at operational level.
Track2Realty: Despite an 83% drop in supply of organised retail space across key cities in the country, 2012 continued to witness an increase in transaction activity and retailer expansion. According to the findings of CBRE’s latest report “Indian Retail Market View H2, 2012”, approximately 2.5 million sq.ft. of fresh retail space entered the market in 2012, mainly concentrated in Bangalore, Kolkata and Pune, as against over 15 million sq.ft. in 2011.
Track2Realty Exclusive:
India Offices 2012
Markets remained cautious but poised for an upturn
The year 2012 began on a cautious note, in the wake of a slowdown in domestic economic growth and a tepid outlook on the performance of the world economy. So far during this year (Q1 2012 to Q3 2012), the overall performance of the office real estate market in the country remained mute compared to the same period in 2011.
Track2Realty-Agencies: The Federation of Indian Chambers of Commerce and Industry (FICCI) has demanded industry status to be granted to real estate sector in the upcoming Budget 2013-14.
Track2Realty: Omaxe has reported nearly 50 per cent increase in consolidated net profit at Rs 28.85 crore in the third quarter of this fiscal.
Track2Realty: In India, labour shortage is pegged to go up by 65 per cent by the next decade with more workforce moving from traditional brick and mortar industry like the construction and real estate sectors to more lucrative industries such as IT, ITeS, Banking and Telecom.
Trck2Realty Exclusive: Western suburbs of Mumbai are bursting at its seams, and its infrastructure facilities are outdated. Draining systems built in the times of the British era are still prevalent in the city. There is a dire need to overhaul this system.