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Construction & Contracting - Real Estate News

  • Omaxe Q3 sales bookings up 2% at Rs 282 cr

    Omaxe Q3 sales bookings up 2% at Rs 282 cr  

    Realty firm Omaxe Ltd's sales bookings rose marginally by 2 per cent to Rs 282 crore during the third quarter of this fiscal on higher realisation despite demand slowdown after demonetisation move.

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • DLF to invest Rs 3,500 cr in 2017 to complete running projects

    DLF to invest Rs 3,500 cr in 2017 to complete running projects  

    India's largest realty firm DLF Ltd will invest about Rs 3,500 crore this year to complete construction of almost all of its existing housing projects, a senior company official said.

    19 Feb 2017, 11.12 am  |  Source: PTI

  • Phoenix mills raises stake in Pallazzio Hotels & Leisure

    Phoenix mills raises stake in Pallazzio Hotels & Leisure  

    The Phoenix Mills has acquired all the compulsorily convertible debentures representing 14.47 percent holding in its subsidiary Pallazzio Hotels and Leisure Limited.

    17 Feb 2017, 8.20 pm  |  Source: PTI

  • DLF promoters in last leg of talks for Rs 12-14Kcr sale deal

    DLF promoters in last leg of talks for Rs 12-14Kcr sale deal  

    Realty major DLF's promoters are in the final stage of discussion with potential investors to sell their 40 per cent stake in the company's rental arm DCCDL Ltd for an estimated Rs 12,000-14,000 crore.

    15 Feb 2017, 8.20 pm  |  Source: PTI

  • HDIL pre-sales down by 35-40% due to note ban

    HDIL pre-sales down by 35-40% due to note ban   

    Realty firm HDIL reported 84 percent decline in its consolidated net profit at Rs 16.22 crore for the quarter ended December on lower sales. “Pre-sales of HDIL in the third quarter were significantly lower and we have seen at le...

    15 Feb 2017, 3.49 pm  |  Source: CNBC-TV18

  • DLF net debt up 5.43% to Rs 24,397 cr on lower sales

    DLF net debt up 5.43% to Rs 24,397 cr on lower sales  

    DLF projected net debt to rise further as "weak sales and collections" would lead to operating shortfall of Rs 750-1,000 crore per quarter, according to an analyst presentation.

    15 Feb 2017, 2.50 pm  |  Source: PTI

  • DLF Q3 profit slides 46% to Rs 98 cr, sales fall 30%

    DLF Q3 profit slides 46% to Rs 98 cr, sales fall 30%  

    India's largest realty firm DLF today reported a 46 percent decline in its consolidated net profit at Rs 98.14 crore for the quarter ended December on lower sales and higher finance cost.

    14 Feb 2017, 8.34 pm  |  Source: PTI

  • HDIL Q3 profit down 84% at Rs 16 cr

    HDIL Q3 profit down 84% at Rs 16 cr  

    Realty firm HDIL today reported 84 per cent decline in its consolidated net profit at Rs 16.22 crore for the quarter ended December on lower sales.

    14 Feb 2017, 7.00 pm  |  Source: PTI

  • Prestige Estates to scale down guidance for FY17

    Prestige Estates to scale down guidance for FY17   

    Speaking to CNBC-TV18, Irfan Razack, CMD of Prestige Estates said that the company will not be able to meet its FY17 new sales guidance and will have to scale it down.

    14 Feb 2017, 1.39 pm  |  Source: CNBC-TV18

  • Prestige Estates Q3 net profit nosedives 76% to Rs 68 cr

    Prestige Estates Q3 net profit nosedives 76% to Rs 68 cr  

    Realty firm Prestige Estates Projects today reported per cent decline in its consolidated net profit at Rs 68.3 crore for the quarter ended December 2016.

    13 Feb 2017, 9.22 pm  |  Source: PTI

  • Sunteck Realty says 7-8 projects currently under execution

    Sunteck Realty says 7-8 projects currently under execution   

    In an interview to CNBC-TV18, Sumesh Mishra, COO of Sunteck Realty spoke about the results and his outlook for the company.

    13 Feb 2017, 3.18 pm  |  Source: CNBC-TV18

  • Sunteck Realty Q3 net profit jumps over 3-fold to Rs 20.6 cr

    Sunteck Realty Q3 net profit jumps over 3-fold to Rs 20.6 cr  

    Income from operations increased to Rs 83.68 crore in the third quarter of this fiscal from Rs 77.11 crore in the corresponding period of previous year.

    13 Feb 2017, 1.48 pm  |  Source: PTI

  • Puravankara Q3 profit up 15% at Rs 20 cr

    Puravankara Q3 profit up 15% at Rs 20 cr  

    Realty firm Puravankara Ltd today reported 15 percent increase in its net profit at Rs 20.09 crore for the quarter ended December, even as its revenue declined.

    10 Feb 2017, 7.50 pm  |  Source: PTI

  • Margins won`t be dented due to affordable housing bet: Sunteck

    Margins won't be dented due to affordable housing bet: Sunteck   

    Speaking to CNBC-TV18, Kamal Khetan, Chairman and MD of Sunteck Realty said that the company has strong cash flow which will help it get in the affordable housing segment.

    10 Feb 2017, 4.14 pm  |  Source: CNBC-TV18

  • Omaxe Q3 net profit up 13% at Rs 21 cr

    Omaxe Q3 net profit up 13% at Rs 21 cr  

    Realty firm Omaxe today reported 13 per cent increase in its consolidated net profit to Rs 20.59 crore for the quarter ended December.

    09 Feb 2017, 5.10 pm  |  Source: PTI

  • Q3 miss due to cash ban; volumes in pain for next 2 qtrs: Sobha

    Q3 miss due to cash ban; volumes in pain for next 2 qtrs: Sobha   

    Speaking to CNBC-TV18, JC Sharma, VC and MD of Sobha said that the company saw an impact on operational performance due to demonetisation.

    09 Feb 2017, 10.00 am  |  Source: CNBC-TV18

  • HDIL launches `Budget Homes` brand

    HDIL launches 'Budget Homes' brand  

    Realty player Housing Development Infrastructure (HDIL) is planning to launch 'Budget Homes' brand under which it will develop affordable housing projects in the megapolis.

    07 Feb 2017, 7.32 pm  |  Source: PTI

  • Expect good jump in home sales post April: Brigade

    Expect good jump in home sales post April: Brigade   

    Brigade Enterprises expects the infrastructure status awarded to affordable housing in Budget to pump up sales in the April-June quarter.

    06 Feb 2017, 11.36 am  |  Source: CNBC-TV18

  • Godrej to sell commercial assets in 6 months; add new projects

    Godrej to sell commercial assets in 6 months; add new projects  

    Realty firm Godrej Properties Ltd expects to monetise commercial properties worth about Rs 1,500 crore at Mumbai, Kolkata and Chandigarh over the next six months and reduce net debt, which now stands at Rs 3,278 crore.

    05 Feb 2017, 1.42 pm  |  Source: PTI

  • Godrej Properties sees leadership reshuffle; Adi is Chairman

    Godrej Properties sees leadership reshuffle; Adi is Chairman  

    Pirojsha Godrej becomes Executive Chairman while Executive Director Mohit Malhotra takes over from Pirojsha as Managing Director and Chief Executive.

    02 Feb 2017, 2.20 pm  |  Source: PTI

  • Godrej Properties Q3 profit jumps 3-fold despite demonetisation

    Godrej Properties Q3 profit jumps 3-fold despite demonetisation   

    Mumbai-based real estate firm Godrej Properties reported healthy growth in third quarter earnings despite currency demonetisation. Profit on consolidated basis increased nearly 3-fold year-on-year to Rs 77.2 crore on strong respon...

    02 Feb 2017, 1.02 pm  |  Source: Moneycontrol.com

  • DLF Noida mall in CBRE list of 22 best global retail projects

    DLF Noida mall in CBRE list of 22 best global retail projects  

    In April last year, DLF formally opened its 2 million sq ft shopping mall in Noida, touted as one of the biggest in the country and built at an investment of Rs 1,800 crore.

    30 Jan 2017, 8.28 am  |  Source: PTI

  • Consolidation in realty sector to gain momentum post notes ban

    Consolidation in realty sector to gain momentum post notes ban  

    The real estate sector is likely to witness further consolidation as property sales and demand have been affected post demonetisation, according to realty consultant JLL India.

    26 Jan 2017, 10.26 am  |  Source: PTI

  • Oberoi Realty Q3 profit down 60% to Rs 84.92 cr

    Oberoi Realty Q3 profit down 60% to Rs 84.92 cr  

    Oberoi Realty today reported 60 percent decline in consolidated net profit to Rs 84.92 crore for the December quarter of the current fiscal on a sharp dip in sales against the backdrop of demonetisation.

    25 Jan 2017, 7.58 pm  |  Source: PTI

  • Indiabulls Real Estate Q3 net down 14 pc to Rs 59 cr

    Indiabulls Real Estate Q3 net down 14 pc to Rs 59 cr  

    Indiabulls Real Estate today reported 14 percent decline in its consolidated net profit at Rs 58.58 crore for the quarter ended December on lower sales.

    25 Jan 2017, 5.58 pm  |  Source: PTI

  • Indiabulls Real Estate arm gets Rs 701 cr refund from DDA

    Indiabulls Real Estate arm gets Rs 701 cr refund from DDA  

    Indiabulls Real Estate today said that its subsidiary firm has received Rs 701 crore refund from the Delhi Development Authority (DDA) following a judgement from the Supreme Court of India.

    18 Jan 2017, 5.46 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

  • 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

  • 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

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