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.
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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.
Ashiana launches lifestyle residency in Bhiwadi
Ashiana Housing has launched luxury apartments, Tree House Residencies in Bhiwadi. The project consists of thirty six apartments, spread over a total of nine stories in four towers in the area of 1 acre land.
JLL – Global Market Perspective – Q3 2012
Jones Lang LaSalle global property update for Q3 2012 shows edges towards recovery. It has released its quarterly Global Market Perspective, which captures in-depth data and analysis on the global property market in the year to date.
NRI real estate investment norms simplified
The purchase and sale of immovable properties in India by a Non Resident Indian (NRI) or by a Person of Indian Origin (PIO) is really a very simple and easy affair with not much hassles and problems.
New trends in Chennai residential real estate
Chennai is known for its conservative mind-set, which reflects visibly on its residential property market trends, as well. For instance, home buyers in Chennai have historically been driven by location over and above most other considerations, and this had put definite limits on the demand and potential for community living in the city.
India ranks low as destination of data centre operations—C&W and Hurleypalmerflatt
India emerged as the second most risk ridden Data Centre Location among the top 30 countries in a study conducted by Cushman & Wakefield and hurleypalmerflatt. The pioneering study ‘Data Centre Risk Index’ evaluated the risks to global data centre facilities and international investment in business critical IT infrastructure.
DLF struggles to cut debt, Q1 net falls 18%
Shares in DLF, India’s biggest real estate developer, traded higher in-line with the broader BSE realty index Tuesday, Aug 7, morning. At 11 a.m., the stock traded 1.3 per cent higher at Rs 214 on the BSE. The shares, up 15.4 per cent this year, are lagging a near-21 percent gain in the real estate index.