The company's exposure to redevelopment projects was 11 percent at the time of its IPO and may go up to 30 percent in the coming months, said Irani.
The company’s initial public offering had seen lacklustre response from investors as the offer was subscribed just 2.01 times during November 14-16
For Q1FY23, the company’s consolidated revenue stood at Rs 168.5 crore and net profit came in Rs 4.22 crore
Mt K Kapital will focus on residential and mixed use development projects in Mumbai Metropolitan Region. In the future, the fund will invest in completed mixed use commercial assets across various cities.
Tata Power, one of India’s largest electric vehicle charging solutions providers, has collaborated with real estate developer Rustomjee Group to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR), the statement said.
Mumbai-based developer Rustomjee Group had emerged as the lone bidder in the first round of bidding
There has not been any precedence of major interest rate cuts, ahead of the union budget‘s presentation. On the contrary, major financial policy decisions are put on hold or deferred, ahead of the budget. R
Many within the Indian real estate fraternity, privately admit that the government‘s demonetisation drive, has done more damage to the real estate business than even the Lehman Brothers crisis. “The sector has suffered badly, R
The central government has repeatedly stated its intent to deal with benami transactions. It is, hence, expected that several concrete steps and financial curbs on benami transactions may be announced in the Union Budget R
The Indian property market has always been quite attractive for non-resident Indians (NRIs). The only concern, has been with the opaque nature of the business, with its lack of information and scientific process of R
Although developers have publicly welcomed the Real Estate Regulation Act (RERA), there seems to be definite concern, as the deadline for its implementation by states, by May 1, 2017, fast approaches. With numerous projects R
A survey by Track2Realty in 2014, among NRIs, HNIs and other wealthy and influential investors, found that Singapore, Malaysia, New York, Sydney, UK (London) and the Middle East (Dubai), were the preferred destinations for R
Non-resident Indians (NRIs) may often find it impractical to physically come and see a property, while scouting for one, even if they have a keen interest in the Indian property market. Hence, developers are R
Humans are social beings, who crave relationships and a sense of belonging. The extent to which we are successful in forging long lasting relationships in adulthood, is determined to a great deal, by the R
Rekha Parihar, a non-resident Indian (NRI) from Dubai, had finalised the purchase of a luxury sea-facing apartment in Worli, Mumbai. However, when she surfed the internet to check the credentials of the developer and R
Some of the recent trends in the Indian property market, seem to suggest that non-resident Indians (NRIs) are shifting their investment from Bengaluru to Coimbatore and Kochi, owing to the lower ticket size in R
With limited space for expansion, Mumbai has very few property locations that have evolved to meet the requirements of modern home buyers. Thane, on the other hand, is one location that perfectly suits the R
Alka Rajpurohit, a non-resident Indian (NRI) from Dubai, wanted to sell her luxury apartment in Gurgaon and instead, buy a premium apartment in Noida. Rajpurohit‘s decision, reflects the changing dynamics of NRIs‘ investments in R
Home buying requires a high level of financial preparedness. In places like Mumbai, Bengaluru, Delhi-NCR and other metro cities, the EMI on home loan is normally very high due to higher property prices. Therefore, R
Technologically, behaviourally and culturally, the dynamics of the real estate market are rapidly changing. Apart from the top eight metro cities, even tier-1 and tier-2 locations have witnessed considerable growth. Among these markets, one R
Project delays, not only cause inconvenience to home buyers but also hurt the credibility of developers. Consequently, developers are increasingly turning to smart and extensive use of technology, to overcome project delays and deliver R
The realty market in India, has always seen considerable interest from the Indian diaspora, as an investment avenue.
Here is the latest on the brewing battle between Mumbai based real estate company, the Rustomjee group and global private equity firm, Sun Area.