The Mumbai-based Lodha Developers invested Rs 3,700 crore in the last fiscal on construction and has increased outlay for the 2017-18 fiscal to boost deliveries, its Managing Director Abhishek Lodha said.
Realty player Puravankara today said it has reduced its debt by Rs 450 crore bringing down the net debt-equity ratio to 0.74 from 0.94 as on December 31 2016.
Weak global markets, coupled with likely profit booking at home, bled the market on Tuesday. Pharma stocks such as Lupin and Cipla gained, while Bharti Airtel fell over 3 percent at close.
DLF, one of the country's largest realty developers, has entered into an exclusive pact with private equity firm GIC to sell a minority stake sale in its rental commercial property arm, DLF Cyber City.
In an interview to CNBC-TV18, Sumesh Mishra, COO of Sunteck Realty spoke about the results and his outlook for the company.
The realty firm's net loss stood at Rs 3.93 crore in the year-ago period, the company said in a regulatory filing.
JC Sharma, vice-chairman and managing director of Sobha Ltd, has been witness to the emergence of Bengaluru as the country‘s top realty destination. It is not just the business potential of the city that R
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.
Realty firm Omaxe today reported 13 per cent increase in its consolidated net profit to Rs 20.59 crore for the quarter ended December.
The real estate sector appeared to be in doldrums after the government's historic decision to undertake demonetisation. But the move appears to have infused a fresh lease of life in the country's budget housing segment.
It is no secret that the sector has been going through challenging times for the past couple of years. It was in dire need of proactive policy changes to take it out of the red zone.
In the coming few months, the real estate sector is set to undergo a revolutionary transformation with the onset of Goods and Services Tax (â€˜GST‘) and the Real Estate Regulation Act (â€˜RERA‘), both of which are expected to be significant game changers.
Speaking to CNBC-TV18. Baisiwala said realty prices had remained more intact in Tier-1 cities and it would be advisable to bank on established names in the sector.
Genuine buyers in the residential real estate market, appear to be holding back their purchase plans, on hopes that the interest rates would fall further and the property prices would plunge, post demonetisation, which R
Despite a 25 percent drop in sales due to demonetisation, Piramal Realty will meet its sales target for the current fiscal year - that's the word coming from Executive Director of Piramal Group, Anand Piramal.
Realty player Lodha Group today said it has launched its maiden investment fund with an initial corpus of Rs 50 crore for startups focused on smart city solutions and overall real estate sector .
Demonetisation is likely to affect realty space with a 10-30 percent drop in sales volumes over the next 12 months, even as no major price correction is expected in the metros, says a report.
Gurgaon-based realty firm Vatika group has raised Rs 495 crore from Axis Bank to fund its hospitality business expansion plans.
The Income Tax department, on December 26, 2016, said that it has detected undisclosed income amounting to Rs 169 crores, after it conducted searches on two groups of realty developers and mall owners in R
Australia-based Macquarie Group will put in Rs 1,400 crore while the Tata group firm will contribute Rs 600 crore.
In this project, Tata Housing is offering a plan under which buyers have to pay Rs 7.99 lakh now and nothing for the next 36 months for the 2-3 BHK apartments. Spread across 5 acres, Rio-De-Goa is a premium resort themed residential project.
BSE‘s fast-moving consumer goods (FMCG) and consumer durables indices, on Wednesday stood 9.8 per cent and 18.4 per cent lower, compared to their pre-demonetisation levels. The two indices have together lost Rs 1.2 lakh crore or 10.6 per cent of their market capital, the newspaper says.
The aftermath of demonetisation has engulfed the realty sector and ICICI Bank too is bearing the brunt. The bank's plan to sell its home financing unit has again taken a back seat this year. Private equity fund TPG has decided to not pursue this acquisition over valuation differences.
The government‘s recent demonetisation move, is likely to result in a steep correction in real estate prices across the country, making it a good time to buy property. However, if you are eyeing the R
State-run real estate company NBCC shares gained 5 percent intraday Tuesday on securing total business of Rs 24,694 crore in November.