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Construction & Contracting - Real Estate News

  • Note ban to augur well in long run, says DLF Chief Rajeev Talwar

    Note ban to augur well in long run, says DLF Chief Rajeev Talwar   

    DLF Chief Rajeev Talwar is optimistic on the future of real estate segment. His optimism stems from the need for construction and housing. To spur GDP growth, there is a need for construction, Talwar said.

    11 Jan 2017, 6.48 pm  |  Source: CNBC-TV18

  • Realty to stage a strong comeback in H2 in 2017: Pirojsha Godrej

    Realty to stage a strong comeback in H2 in 2017: Pirojsha Godrej   

    In an interview to CNBC-TV18 Pirojsha Godrej, MD and CEO of Godrej Properties said growing incomes, negative interest rate growth and increasing real estate affordability coupled with zero price increases can help the realty secto...

    05 Jan 2017, 11.47 am  |  Source: CNBC-TV18

  • Godrej Properties sells 300 units in Pune during last 2 months

    Godrej Properties sells 300 units in Pune during last 2 months  

    This represents more than 75 percent of the 400 apartments that were opened for sale, making it one of the most successful recent residential launches, the Mumbai-based developer said in a statement.

    04 Jan 2017, 1.22 pm  |  Source: PTI

  • Godrej Properties to develop residential project in Pune

    Godrej Properties to develop residential project in Pune  

    Spread across 5.5 acres, the project will offer 5.6 lakh sqft of saleable area and will be developed as a modern residential development comprising apartments of various configurations, the company said in a statement issued here.

    30 Dec 2016, 12.04 pm  |  Source: PTI

  • Optimistic about Q4; don`t expect prices to fall: Puravankara

    Optimistic about Q4; don't expect prices to fall: Puravankara   

    Although the second half of November and December has been subdued in terms of demand, the first half of November was strong in new sales, said Anand Narayanan, President Sales, Marketing & CRM, Puravankara Projects.

    29 Dec 2016, 7.42 am  |  Source: CNBC-TV18

  • Godrej Properties` BKC project in Mumbai gets LEED rating

    Godrej Properties' BKC project in Mumbai gets LEED rating  

    LEED (Leadership in Energy and Environmental Design) Platinum certification is globally recognized the highest rating for sustainable buildings.

    27 Dec 2016, 3.34 pm  |  Source: PTI

  • Phoenix Mills` to sell up to 49% stake in Bengaluru mall

    Phoenix Mills' to sell up to 49% stake in Bengaluru mall  

    In a filing to the BSE, Phoenix Mills informed that its subsidiary ISML entered into a non-binding term sheet with Canada Pension Plan Investment Board, which would acquire up to 49 per cent stake in ISML.

    22 Dec 2016, 5.34 pm  |  Source: PTI

  • DLF boss` daughter buys Rs 435 cr abode in Lutyens` Delhi

    DLF boss' daughter buys Rs 435 cr abode in Lutyens' Delhi  

    Brightening the dull for the Lutyens' Delhi, Renuka Talwar, daughter of DLF Chairman KP Singh, has acquired a bungalow on Prithviraj Road for Rs 435 crore in one of the biggest deals in Lutyens Bungalow Zone, reported Economic Tim...

    19 Dec 2016, 11.26 am  |  Source: Moneycontrol.com

  • Have 3 operational hotels, plan to add 2 more: Brigade

    Have 3 operational hotels, plan to add 2 more: Brigade   

    In an interview with CNBC-TV18, Suresh Kris, CFO of Brigade Enterprises said that the company took this decision as its hospitality business had grown with a substantial number of rooms.

    16 Dec 2016, 9.46 am  |  Source: CNBC-TV18

  • Phoenix Mills raises stake in Alliance Spaces to 36.7 pc

    Phoenix Mills raises stake in Alliance Spaces to 36.7 pc  

    The Phoenix Mills today said its shareholding in Alliance Spaces Private Limited has risen to 36.76 per cent following a 3.75 per cent stake purchase from K2A Hospitality Limited.

    15 Dec 2016, 9.14 pm  |  Source: PTI

  • Court notice to real estate major Indiabulls on cheating plea

    Court notice to real estate major Indiabulls on cheating plea  

    A Delhi court has issued notice to Indiabulls Real Estate Ltd and its subsidiary firm Athena Infrastructural Ltd on a criminal complaint seeking lodging of an FIR against them for allegedly cheating buyers and embezzling funds.

    14 Dec 2016, 5.00 pm  |  Source: PTI

  • Omaxe Q2 profit up 92% at Rs 24 cr

    Omaxe Q2 profit up 92% at Rs 24 cr  

    Income from operations also rose to Rs 326.74 crore in the July-September period of this fiscal from Rs 300.95 crore in the corresponding period of the previous year.

    14 Dec 2016, 9.14 am  |  Source: PTI

  • HDIL Q2 net profit down 35% at Rs 37 cr

    HDIL Q2 net profit down 35% at Rs 37 cr  

    Its net profit stood at Rs 57.1 crore in the same quarter of last fiscal, said the Mumbai-based developer in a regulatory filing.

    13 Dec 2016, 2.40 pm  |  Source: PTI

  • Co completed 75% of sales across 3 projects in BKC: Sunteck

    Co completed 75% of sales across 3 projects in BKC: Sunteck   

    Speaking to CNBC-TV18 Sumesh Mishra, President & COO of Sunteck Realty said that people are postponing their buying decisions by 1-2 quarters. But he is confident of strong bookings in the next 2-3 quarters.

    13 Dec 2016, 11.27 am  |  Source: CNBC-TV18

  • Sunteck Realty Q2 net profit jumps over 6-fold to Rs 97.28 cr

    Sunteck Realty Q2 net profit jumps over 6-fold to Rs 97.28 cr  

    Its net profit stood at Rs 15.53 crore in the year-ago period, the Mumbai-based firm said in a BSE filing.

    13 Dec 2016, 7.00 am  |  Source: PTI

  • COMMENT: Five takeaways from DLF’s Q2 results

    COMMENT: Five takeaways from DLF’s Q2 results  

    Last week, DLF reported a flat consolidated net profit at Rs 207 crore for the second quarter of this fiscal against Rs 206.18 crore in the year-ago period.

    12 Dec 2016, 7.01 pm  |  Source: Moneycontrol.com

  • DLF`s Q2 net debt jumps Rs 1,021 cr to Rs 23,140 cr

    DLF's Q2 net debt jumps Rs 1,021 cr to Rs 23,140 cr  

    According to an analyst presentation, the net debt of DLF -- the country's largest real estate firm -- increased to Rs 23,140 crore at the end of July-September quarter of 2016-17, from Rs 22,120 crore in the previous quarter.

    09 Dec 2016, 3.18 pm  |  Source: PTI

  • Puravankara Q2 profit up 56% to Rs 42 cr

    Puravankara Q2 profit up 56% to Rs 42 cr  

    The company's income from operations fell however by 11 percent to Rs 377.53 crore during the second quarter of the current 2016-17 fiscal, from Rs 423.94 crore in the year-ago period.

    09 Dec 2016, 9.30 am  |  Source: PTI

  • Prestige Estates` Q2 net profit down 58% at Rs 64.51 cr

    Prestige Estates' Q2 net profit down 58% at Rs 64.51 cr  

    Income from operations fell by 29 percent to Rs 1,151.79 crore in the second quarter of this fiscal from Rs 1,628.68 crore in the corresponding period of last fiscal.

    08 Dec 2016, 2.40 pm  |  Source: PTI

  • No new launches likely in current quarter: Prestige Estates

    No new launches likely in current quarter: Prestige Estates   

    No new launches are expected in the current quarter, says Irfan Razack, CMD of Prestige Estates Projects in an interview to CNBC-TV18.

    08 Dec 2016, 12.24 pm  |  Source: CNBC-TV18

  • Kolte Patil Developers Q2 net profit up 54% at Rs 19 cr

    Kolte Patil Developers Q2 net profit up 54% at Rs 19 cr  

    Realty firm Kolte Patil Developers Ltd today reported 54 per cent increase in consolidated net profit at Rs 19.32 crore for the quarter ended September 30.

    03 Dec 2016, 3.42 pm  |  Source: PTI

  • Parsvnath posts Rs 6.21 cr net loss for Q2

    Parsvnath posts Rs 6.21 cr net loss for Q2  

    Realty firm Parsvnath Developers Ltd today reported Rs 6.21 crore standalone net loss during the second quarter of the current fiscal.

    02 Dec 2016, 7.24 pm  |  Source: PTI

  • Sobha Q2 profit flat at Rs 38 crore

    Sobha Q2 profit flat at Rs 38 crore  

    Bengaluru-based realty firm Sobha Ltd's consolidated net profit remained flat at Rs 38.4 crore for the September quarter of the current fiscal.

    21 Nov 2016, 7.16 pm  |  Source: PTI

  • Godrej Properties Q2 net profit down 77% at 23 cr

    Godrej Properties Q2 net profit down 77% at 23 cr  

    Its net profit was Rs 103.91 crore in the year-ago period, the company said in a regulatory filing.

    09 Nov 2016, 3.18 pm  |  Source: PTI

  • Indiabulls Real Estate Q2 profit doubles to Rs 142 cr

    Indiabulls Real Estate Q2 profit doubles to Rs 142 cr  

    Indiabulls Real Estate on Monday reported 2-fold increase in consolidate net profit at Rs 141.6 crore for the quarter ended September.

    24 Oct 2016, 5.40 pm  |  Source: PTI

  • Oberoi Realty Q2 net up 12% at Rs 83.72 crore

    Oberoi Realty Q2 net up 12% at Rs 83.72 crore  

    Oberoi Realty has reported 12 percent increase in consolidated net profit at Rs 83.72 crore for the quarter ended September on higher sales.

    22 Oct 2016, 5.42 pm  |  Source: PTI

  • Prestige Estates Q1 profit down 58% to Rs 48 cr

    Prestige Estates Q1 profit down 58% to Rs 48 cr  

    Its net profit stood at Rs 114.64 crore in the year-ago period, Bengaluru-based firm said in a regulatory filing.

    15 Sep 2016, 2.24 pm  |  Source: PTI

  • Rs 2200 cr worth inventory ready to be monetised: Sunteck Realty

    Rs 2200 cr worth inventory ready to be monetised: Sunteck Realty   

    In an interview with CNBC-TV18, Sumesh Mishra, President and COO of Sunteck said that seven projects having an inventory value around Rs 2,200 crore are complete and can be liquidated right away.

    15 Sep 2016, 12.02 pm  |  Source: CNBC-TV18

  • Revenue recognition should be good in coming quarters: DB Realty

    Revenue recognition should be good in coming quarters: DB Realty   

    After a weak Q1 FY17, the coming quarters should be good in terms of cash flows and revenue recognition, Anil Kumar, Chief Financial Officer, DB Realty, told CNBC-TV18. He expects pre-sales to go up 20 percent on quarterly basis.

    15 Sep 2016, 10.36 am  |  Source: CNBC-TV18

  • Will meet FY17 sales guidance of Rs 3250 cr: Prestige Estates

    Will meet FY17 sales guidance of Rs 3250 cr: Prestige Estates   

    In an interview with CNBC-TV18, Irfan Razack, CMD of Prestige Estates said that the revenues fell due to less recognition in this quarter but he is confident to meet the sales guidance of Rs 3,250 crore in FY17.

    15 Sep 2016, 10.07 am  |  Source: CNBC-TV18

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