Godrej Properties, part of the Godrej group and one of the most promising Indian real estate companies, posted its worst ever quarterly performance after the September 2010 quarter when compared year on year. The company has registered a subdued growth of 8% in its consolidated net sales and 17.4% drop in operating profit. The company’s performance was impacted by […]
Tag: Godrej Properties
Godrej Properties: After September 2010, it presents Its Worst Ever Quarterly Performance
Assotech and Sunapollo to Build a Housing Project in Gurgaon worth Rs500cr
Real estate Company Assotech and private equity firm Sun-Apollo Friday announced the development of a housing project in Gurgaon at an investment of about Rs 500 crore over the next three years. Sun-Apollo Real Estate Advisors has invested Rs 75 crore to pick up nearly 50 percent stake in Assotech’s subsidiary firm which would develop […]
Trump scion says India is a top focus for realty mogul.
Trump’s eponymous real estate group expects to sign multiple deals for Indian residential projects and hotel contracts over the next five years, despite a market riddled by regulatory uncertainty and bureaucratic red tape. “India, among other emerging markets, is the biggest push for our organisation,” Donald Trump Jr, an executive vice president of The Trump […]
Loan Scam Backwash
After the loan scam was unearthed last week, realty developers and companies providing home loan are finding it difficult to raise money from retail investors through corporate fixed deposits, despite offering coupon rates close to the maximum permissible limit of 12.50%. The retail investors have become very cautious of the investments they make in the […]
Red Fort Capital Joined Hands With Godrej Properties
Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India. The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital […]
Real Estate Projects Become Attractive Due To Foreign Architects
In their bid to score over their rivals, many developers are now going abroad to hire noted architects who can design their new projects. Not withstanding the fact that currently the realty sector is seeing downward trend, still some of the noted design companies from other countries are opening their Indian offices to cater the […]