Stock experts opined that real estate shares face severe pressure to sell off. This was all the more infuriated by BSE closing its real estate index at 1,822.14 after a 3% drop. Stock market witnessed severe pressure for real estate shares to sell off. 7.8 % inflation of September had hurt the real estate investors’ […]
Tag: BSE
Unitech looks for $560 million from PE funds
January 14, 2009 – 3:47 pm
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. […]
Indiabulls Real Estate surges 22%
October 21, 2008 – 6:20 am
Shares of Indiabulls Real Estate surged over 22% to Rs 131.15 on BSE Tuesday, while Indiabulls Financial Services climbed over 7% to Rs 105.60 after the company assured of not having any non-performing loan in its portfolio. The financial services company reported a net profit growth of 21.4% to Rs 136 crore for the second […]
DS Kulkarni To Invest Rs 30 Million
September 30, 2008 – 4:00 am
The board of directors of DS Kulkarni Developers at its meeting held on Sep. 27, 2008, has approved the investment in DSK Global up to Rs 30 million to make it a subsidiary. The board has also approved the fixed deposit scheme of the company for the year 2008-2009. DS Kulkarni Developers is a real […]
Bombay Dyeing To Develop More Spare Land In Mumbai
September 2, 2008 – 11:03 pm
The Rs 1,000-crore textiles-to-real estate major, Bombay Dyeing, will develop eight lakh square feet of property on its surplus land in Mumbai. The company will construct a high-rise building for commercial and residential use. ”We will commence construction of a high-rise tower in two months. The entire project will be sold off in the next […]
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 […]
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 […]
Realty stocks gain ground
April 29, 2008 – 5:49 am
Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715. Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha […]
