DB Realty registers net loss of Rs 2.07 cr in Q1
DB Realty on Saturday reported a consolidated net loss of Rs 2.07 crore for the first quarter ended June 30, due to lower sales.
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Indiabulls accuses Veritas analyst of money extortion
Indiabulls Real Estate has dropped a bombshell with the claim of having submitted ’email evidence’ to the police regarding money demanded by a Veritas analyst for holding back a scathing report against the group.
DLF closes NTC land deal
DLF has reportedly sealed Mumbai’s NTC Mill land deal with the Lodha group on Thursday, Aug 9. According to sources close to development the top management of the Lodha Group are in Delhi for signing of the memorandum of understanding with DLF.
Yamuna Expressway to open today
The 165-km long Yamuna Expressway connecting Greater Noida with Agra will be inaugurated today, aug 9, by Uttar Pradesh Chief Minister Akhilesh Yadav.
DLF plans new projects in Ludhiana, Jalandhar & other parts to strengthen its presence
DLF has plans to roll out new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli as part of company’s strategy to strengthen its presence outside Gurgaon.
Indiabulls Group to initiate criminal proceedings against Veritas
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.’
Tata Housing and Arvind launches ‘New Haven Compact’
Tata Housing and Arvind Real Estate, the real estate arm of Arvind Limited has announced the launch of the phase-II of the 135 acre integrated sustainable township in Ahmedabad.
Purvankara revenue up 30% in Q1FY13
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%.
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.
Panchshil Realty launches Trump Towers Pune
American property mogul Donald Trump’s maiden real estate project in the country, being developed by Pune-based Panchshil Realty, has been launched.