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: Unitech
Noida: Unitech comes up with Gardens Galleria
April 14, 2012 – 6:36 pm
Unitech, one of the India’s leading integrated developers of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida. Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes […]
DLF and Unitech stocks up on mortgage cut.
April 4, 2012 – 11:13 pm
Real estate developers rallied after newspaper Times of India reported on Tuesday some banks were cutting home loan rates for new borrowers, sparking hope of increased property sales in the country. DLF and Unitech rose about 1% each on the report, which said that lenders Canara Bank and IDBI Bank had slashed these rates to attract new borrowers. The […]
Master Plan 2025 Revealed
December 20, 2010 – 11:13 am
The national capital’s satellite township of Gurgaon, is currently witnessing a growing trend of high rise residential apartments in its skyline. As much as 60% of the total population residing in Gurgaon lives in these high rise societies built by private developers like DLF, Unitech, Emaar MGF, among several others. Most of these colonies are […]
Loan Scam Backwash
December 2, 2010 – 4:38 pm
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 […]
Unitech raises fund from overseas PE
June 27, 2009 – 11:20 am
Unitech raised 575 million dollars by placing shares with overseas private equity funds at Rs 81 a unit. This clearly indicates the rising interest of foreign investors in the Indian real estate market. The company planned to raise only 200 million dollars, but as demand was huge, it decided to increase the issue size. The […]
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. […]
Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09
July 31, 2008 – 4:48 am
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 […]
Unitech’s Annual Profit Loss Statement
June 28, 2008 – 6:02 am
Unitech Limited, India’s foremost Real Estate Company on 27 June 08 announced its audited consolidated financial results for the FY ended 31st March 2008. Total income rose by twenty six percent to Rs. 42,801 million, as against Rs. 33,881 million during the preceding financial year. Profit after tax (PAT) also jumped by twenty seven percent […]
DLF To Get 5000 Acres Land Less Than Market Rate
June 23, 2008 – 12:17 am
Real estate developer DLF will soon get around 5000 acres near Greater Noida at less than market rate under the Taj Expressway Industrial Development Authority’s (TEA) scheme. Jaypee group, too, has qualified for allotment of 2,500 acres, while Unitech and Punj Lloyd are in queue for 2,500 acres each. TEA additional CEO C S Verma […]
Unitech To Launch A Mid-Income Project
April 29, 2008 – 5:48 am
Unitech Ltd plans to launch a mid-income project of 1,200 square feet houses in Greater Noida at Rs.2750 – sees potential demand. This will be followed by Residential launches in Chennai and Hyderabad shortly. The company is also accumulating more land parcels in Mumbai through slum rehab, will disclose once formalities completed.
Deutsche Bank Picks Up 40 Percent Stake In Ramprastha
March 29, 2008 – 2:27 am
Deutsche Bank has raise up close to 40 percent stake in Ramprastha Promoters and Developers. Ramprastha Promotors and Developers is a group company owned by Delhi-based Ramprastha Group for $80 million. Ramprastha Promoters and Developers have been primarily engaged in developing housing projects in the national capital region (NCR).
