August 28, 2008 – 5:45 am
DLF Ltd, India’s biggest listed property developer, has sought shareholders consent to raise up to one hundred billion rupees by selling shares to institutional investors.
The New Delhi-based company said in its yearly report for a shareholders meeting on Sept. 30 it estimated to complete the share sale within 1 year of getting shareholder consent.
“This is [...]
By manish
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Posted in Real Estate News
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Also tagged Bse Index, india, Initial Public Offer, Initial Share, Institutional Investors, Market Slide, New Delhi, Property Developer, Property Singapore, Property Trust, Shareholder, Shareholders Meeting, stock market
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Realty firms seem to have lost their appetite for properties in Kolkata, where developers such as Emaar MGF Land Ltd and DLF Ltd were fighting to secure plots for building luxury hotels.
For the first time, a tender to lease out a prime 10-acre plot on the western fringes of the city is being scrapped because [...]
By manish
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Posted in Real Estate News
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Also tagged Emaar MGF, Five Acres, Kmda, Kolkata, Land Ltd, Life Insurance Corporation, Life Insurance Corporation Of India, Luxury Hotels, Metropolitan Development, Properties In Kolkata, Realty Firms, Star Hotel, Storey Towers
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Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations.
Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income segment [...]
Suffering from low margins, Indian developers are entering fresh businesses like retail and hotel to expand revenue stream and offset slowing demand for real estate projects due to six year high lending rates and severe financing norm. Below are a few recent investments in the hospitality sector
Yatra Capital, a Jersey-based private equity firm, will invest [...]
By manish
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Posted in Real Estate News
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Also tagged Casino Group, Copthorne Hotels, Hilton Hotels, Hospitality Group, Hospitality Sector, Hotel Investment, Lotus Hotel, Nirmal Lifestyle, Parsvnath, Private Equity Fund, South Indian Cities, Taj Hotel, Warburg Pincus
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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 announcement [...]
By manish
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Posted in Real Estate News
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Also tagged Accruals, Billionaire, Bombay Stock Exchange, Bourses, BSE, Buyback, Capital Values, Inflation Numbers, Intrinsic Value, Real Estate Sector, Stock Value
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As oil prices continue to rise, stock markets across the world are finding it difficult to find any support. The recent fall in Indian market has been very quick. Market experts were expecting technical bounce, but the markets lost further ground.
On 9th june(today), Stock markets opened lower and BSE benchmark Sensex dropped below 15,000. Real [...]
By manish
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Posted in Real Estate News
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Also tagged BSE, Bse Sensex, Hdfc Bank, Market Experts, Metal Stocks, ONGC, Ranbaxy Labs, Rcom, Reliance Industries, Stock Markets, Tata Motors, Tata Steel
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Amanora Park Town, the first township which got the sanction from the State Government, is all set to have another first in the field of ‘Environment Conservation’.
The township’s ‘Temple of Environment’ is in the final stages of completion, said Mr Aniruddha Deshpande, Managing Director, City Corporation Ltd.
The temple would be unveiled on the Environment Day [...]
By manish
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Posted in Real Estate News
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Also tagged Corporation Ltd, Gardens, Government Of Maharashtra, Granite, Jewellery, Maharashtra, Prism, Sanction, State Government, United Nations, Water Body
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Kolkata, which had lost out to other metros in the frenzied run for realty, is catching up big time.
This week the Apeejay group, which owns The Park Hotels, bagged a prime 3.35-acre property along Kolkata’s eastern metropolitan bypass for Rs 135.77 crore. The group, which already has a hotel on Park Street in downtown Kolkata, [...]
April 24, 2008 – 10:31 am
Almost twenty three leading real estate firms are looking the Thatipur project in Gwalior. Reliance, DLF, Parsvnath and Gammon are in the tussle to bid for the jumbo project, of which the bid submission will stop on May 7.
The MP government has not set a reserve cost for the project. The bidders have been asked [...]
This led to the expansion of the Delhi Mass speedy Transit System, or Delhi Metro as it is known. The success of this transport network that began procedure in December 2002 now sees it as not only the public transportation of choice, but the model itself has become the standard for the development of other [...]
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