Indian global telecommunications company Tata Communications is all set to sell two prime properties (residential, staff quarters) in Mumbai for Rs 400 crore
The real estate's focus is back on tier II and III cities as a report by India Ratings observes that launching projects in these cities makes them more affordable.
The mood in the commercial real estate sector is downright doleful. Companies are going slow on expansion and industry reports suggest office absorption rates have declined by 37 percent this year from 2012 levels. CNBC-TV18‘s Priyanka Ghosh reports.
Land parcels in prime areas in the Mumbai city are drying up, and that's putting more pressure on real estate companies to ramp up their margins. So, this is driving many players to actively pursue redevelopment projects reports CNBC-TV18‘s Priyanka Ghosh'
On December 12, 2012 Ajay Piramal owned Piramal Realty had a rethink on Mumbai's iconic building, famous studios in Mahalaxmi. Now DB Realty is back in the running for this property, reports CNBC-TV18‘s Priyanka Ghosh.
There is a new twist in the ongoing battle between Mumbai-based developer Rustomjee and private equity player Sun Apollo. According to sources, the RBI has intervened in the case and stated that both parties have violated ECB guidelines.
Tough times continue for the realty space and adding to it, are the Mumbai Development Control Regulations or DCR guidelines, doled out five months back. So much so, that both consumers and developers are up in arms against the implementation of the new guidelines, reports CNBC-TV18's Priyanka Ghosh.
Pre-slowdown IT companies were the biggest consumers of office space. But with the tech sector now shaken by global jitters - the impact is also weighing down on the commercial real estate sector. Office transactions have plummeted more than 21% in 2012 so far, reports CNBC-TV18's Priyanka Ghosh.
Debt ridden companies are increasingly resorting to selling assets to dig themselves out of the hole, reports CNBC-TV18's Priyanka Ghosh.
DLF is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 PAT is seen down 29% at Rs 243.93 crore versus Rs 344.5 crore, year-on-year, YoY.
Home buyers are returning to make purchases despite developers announcing a fresh round of price hikes, reports CNBC-TV18's Priyanka Ghosh.
While the recent CRR cut raised fund-raising hopes among real estate companies, the budget though has come as a reality check. With the government tightening regulations for capital raising the sector is now once again worried about a credit crunch.
HCC is working hard to tackle its debt burden by planning to sell its stake in its Mumbai headquarters, reports CNBC-TV18's Priyanka Ghosh.
Banks may be tightening their purse-strings for real estate companies, but private equity funds seem to be gearing up to inject the sector with a dose of capital, reports CNBC-TV18's Priyanka Ghosh.
Mumbai no longer features among the top ten most-expensive office destinations in the world, a position it has firmly held onto for the last six yrs. CNBC-TV18's Priyanka Ghosh finds out what's going on in India’s business capital.
The debt reduction drive of India's top real estate companies have gone off track, reports CNBC-TV18's Priyanka Ghosh.
Real estate firm DLF is expected to report a net profit of Rs 511 crore in the third quarter of FY12, a massive growth of 37.4% as compared to Rs 372 crore in the previous quarter.
When the Maharashtra government revamped the new Development Control Regulations (DCR) a month ago, it was to increase transparency in real estate transactions. But CNBC-TV18's Priyanka Ghosh reports that these guidelines mean home buyers will have to shell out more.
With developed economies still in the grips of the slowdown, the search for future markets has taken Indian FMCG companies to the Global Emerging Middle (GEM) nations. Nations which are home to the ''next four billion''— that is, a large and emerging consumer base on whom companies can bank on. CNBC-TV18’s Farah Bookwala and Priyanka Ghosh report.
At just thirty, he is the youngest scion of the real estate industry. Pirojsha Godrej, the youngest son of Adi Godrej has been appointed the managing director and CEO of Godrej Properties.
Six months after the arrest of its promoters, DB Realty continues to fight a tough battle for its survival, reports CNBC-TV18’s Priyanka Ghosh and Gopika Gopakumar.
This festive season, home buyers in Mumbai may be starved for options as several developers have put new launches on hold but not so in Bangalore or the national capital region (NCR). However, CNBC-TV18's Priyanka Ghosh reports that price reductions are not on the cards.
Mumbai-based HDIL is looking to sell development rights in two of its suburban projects. The exercise could fetch the company about Rs 450 crore, according to street estimates.
DLF is expected to report a profit after tax of Rs 430 crore in the quarter ended June 2011 as against Rs 411 crore in the corresponding quarter last fiscal and Rs 345 crore in the previous quarter.
The housing market is caught in a slump, but looks like its once again business-as-usual for the commercial or office space segment. Here, absorption rates are up by a whopping 30 percent in the past three months. CNBC-TV18’s Priyanka Ghosh reports.