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.
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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.
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.
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.
US State Department blames real estate, election campaigns in India for routing black money
Money generated through illegal means is laundered through various means including real estate and election campaigns in India, a report of the US State Department has said.
Runwal Group to take over Birla property
Runwal Group, has reportedly purchased Neosym Industry Ltd, a metal manufacturing company located on LBS Marg in Bhandup owned by Kolkata industrialist C K Birla’s family.
Reality of Convention & Habitat Centres in India-III
The institutional projects in India are normally working in a PPP model because such projects have long payback periods and require large capital investment. Further, they are large in size and hence require number of approvals, making Government participation relevant to secure initial approvals, clearances and get the project going.
KUL to invest over Rs 250 crores in shopping complexes
Kumar Urban Development Limited (KUL) has launched a series of shops at different locationsof Pune at an investment of about over Rs 250 crores.
New housing project launches decline by 44% in 2Q 2012: Cushman & Wakefield
An estimated 17500 residential units were launched by organised developers in the second quarter of 2012 in major cities across the country, registering a decline of nearly 44% over the previous quarter, says a report by global real estate consultancy, Cushman & Wakefield (C&W). This decline in launches can be attributed to a number of factors such as delay in approvals, significant inventory in certain locations as well as postponement of project to coincide new launches with the festival season.