Last month, Prestige Estates Projects Ltd announced a joint venture with DB Group to develop a large hotel and convention centre project at Aero City in the national capital with an investment of Rs 2,000 crore.
Prestige Group has been looking to enter Mumbai’s office market for several years and has explored similar deals in the past. The firm is in talks with DB Realty to enter into a joint development pact for two of the latter’s projects
Its net loss stood at Rs 12.39 crore in the year-ago period, the Mumbai-based developer said in a regulatory filing.
The company did not disclose the deal value. The NRTPL is a subsidiary of the company (54.31 percent of the total paid up capital), having 'One Mahalakshmi' project at Mahalaxmi, Mumbai.
The Nifty Realty index was the only major gainer among sectoral indices, rising nearly 2 percent intraday.
468 stocks hit lower circuit intraday on Tuesday as Rs 4.95 lakh crore of investor's wealth was washed away led by Sensex and Nifty plunging over 2 percent.
In a filing with the BSE, DB Realty informed that the company and LIC Housing Finance have "arrived at a settlement and have executed a debt settlement agreement".
On July 25, 2017 IIRF Holdings VI sold 38,38,190 shares of DB Realty at Rs 38.96.
Unable to complete construction of two flagship Mumbai projects in time, DB Realty is looking to exit or sell stake in both these projects but this may just be the tip of the iceberg. More projects may be on the block.
DB Realty's arm Neelkamal Realtors Tower has entered into a development management agreement with Indo Global Soft Solutions and Technologies Pvt Ltd for the development of its Orchid Height project in Mumbai.
DB Realty subsidiary signed an agreement with Sanjay Chhabria Venture for construction of residental project in Mumbai.
CNBC-TV18 learns from sources that DB Realty is looking to exit its Rs 5000 crore DB Crown project in Prabhadevi, Mumbai.
Rajat Bose of rajatkbose.com recommends holding United Spirits and believes that the stock over the long-term would give a lot of money.
Sharmila Joshi of sharmilajoshi.com is of the view that one may sell DB Realty.
When Housing News analysed the impact of demonetisation over the property prices, some of the critics disagreed and even took it as an endorsement of black money in real estate. Nevertheless, the theory that R
ICICI Bank | SBI | Central Bank of India | Bank of Baroda | Siemens | DLF | Quess Corp | UPL | IRB Infrastructure | Axis Bank | IFCI | Lanco Infratech | Jagran Prakashan | Titagarh Wagons | Maithan Alloys | DB Realty | NMDC and Jaiprakash Power are stocks, which are in the news today.
SP Tulsian, sptulsian.com explains why he would not prefer buying Axis Bank even at reduced levels. He also tells why one must book profits on Sharda Cropchem rather than wait for further gains.
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.
M&M | JSPL | Hindalco | Reliance Communications | Tata Power | GPT Infra | NBCC | Hotel Leela | Yes Bank | Edelweiss Financial | Ashok Leyland | Hinduja Foundries | Ajanta Pharma | Shelter Infra | National Fertilizers | Patel Engineering | Rolta India | Educomp | DB Realty | BEML and Supreme Infra are stocks, which are in the news today.
In a filing to BSE, the Mumbai-based developer said that "Nagamallesh Gattu resigned as CFO and key managerial personnel (KMP) of the company".
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the listing of Mahanagar Gas on the Indian bourse.
CA Rudramurthy is of the view that one may buy Balrampur Chini Mills with a target of Rs 119.