Q:Yes, property developer Oberoi Realty is in advanced stage to take the corporate office of Crompton Greaves Ltd at Worli in Mumbai for some Rs.200 crore.
Latest Answer: Right Abhi,
In case Oberoi Realty gets the property, they may demolish and rebuild it into another luxury property, which can create higher value to them. It could be another logic for a developer to get a ready-to-move in property is that they might get extra floor space index, which can be utilized.
Q:Hi,Most of the company reported that a marginal rise in the net profit for the second quarter ended September, 2014 and the silent market continues for the real estate player.
Latest Answer: And the Bangalore-based Sobha Developers reported a 5% rise in its consolidated net profit at Rs 59.5 crore. Sobha's Vice Chairman and Managing Director told that there was a recovery in the real estate sector. He added that the governments step to introduce REITs, and easing of FDI rules would be a sign of good for the realty sector.
