India’s second-biggest real estate developer Unitech is in talks with private equity (PE) funds for investments up to $560 million (Rs 2,750 crore). The realtor is also in negotiations with banks to restructure an additional Rs 500 crore of loans as part of its plan to cut debt and secure funding to complete existing projects. […]
Tag: Bombay Stock Exchange
Jaypee Group merges arms with Jaiprakash Associates
December 23, 2008 – 2:15 am
Diversified infrastructural industrial conglomerate Jaypee Group is merging its hotel, cement, real estate and construction subsidiaries Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). The merger will bring the group’s all cement companies under one roof enhancing economies of scale and […]
Realty stocks battered, Unitech down by over 51%
October 25, 2008 – 2:48 am
Real estate sector was the biggest loser in today’s stock market plunge, led by country’s second largest firm Unitech that witnessed a sharp fall of over 51%. The realty index witnessed a 24.4% decline, which is more than double the benchmark index Sensex fall of nearly 11%. The index has fallen by 31 per cent […]
DLF Board Of Directors To Approve Buy-Back Of Equity Shares
July 3, 2008 – 7:10 am
India’s largest real estate company, DLF Ltd, said on 02nd july that its board of directors would meet on July 10, to consider and approve a buy-back of equity shares. The buy-back proposal comes at a time when the company has seen a sharp erosion in its share price over the past few weeks. The […]
IPSL Signs MOU With Jharkhand
June 10, 2008 – 12:58 am
Indiabulls Power Services (IPSL), a subsidiary of Indiabulls Real Estate, has entered into a memorandum of understanding (MoU) with the Jharkhand government for setting up of 1,320 mega watt (MW) power project, a statement sent to the Bombay Stock Exchange said. In terms of the MoU, government of Jharkhand shall facilitate and extend all assistance […]
DLF Financial Year’08 Net Up 4-fold At Rs 7812 Crore
June 4, 2008 – 2:59 am
Real Estate major DLF announced a consolidated net profit of Rs 7,812.03 crore for the financial year ended March 31, a four-fold growth over the year-ago period. The company had a net profit of Rs 1,933.65 crore in 2006-07 fiscal, DLF said in a filing to the Bombay Stock Exchange. The total income rose to […]
Parsvnath Launches Commercial Mall Project In Jamnagar
April 25, 2008 – 5:12 am
Realty major Parsvnath Developers said it has launched its first integrated commercial mall project at a cost of Rs 120 crore in Jamnagar, Gujarat. Parsvnath Developers launched its first integrated group housing and commercial mall project in Jamnagar, which is being developed on total land area of 13,200 square meter with an expected realization value […]
Weak market to take toll on Real Estate
March 25, 2008 – 4:19 am
MUMBAI:Monday the stock exchange goes down by 950 points made the real estate industry jittery and on edge.Its really a bad news for the property investors to know the way market is reacting these days and really they would be facing some more problems till it become stable atleast. Pujit Aggrawal Developer from Orbit explains […]
DLF- Building India
January 28, 2008 – 5:58 am
DLF Ltd. has dominated the never before building boom in India. DLF has a corporate slogan “Building India”. The company is taking on a tough challenge in meeting its growth goals while counting, in part, on a relatively unknown and unpredictable market — residential developments for India’s growing number of middle-income families. Indian real-estate sector […]
