Realty News
In the past few weeks a slew of land deals for property firms in the city have brought in a mixed bag of results. Even as the bigger, cash-rich firms are raking in the moolah, quite a few others in the face of an economic downturn are still struggling with slow sales and delayed projects. [...] Continue Reading »
Essel Financial Advisors and Managers (EFAM), the private equity arm of Essel Finance, is making two real estate-focused funds – a domestic fund of Rs 500 crore and a foreign fund of $200 million (Rs 1,200 crore).The focus of both the funds will be on investing in residential projects in top six cities in the [...] Continue Reading »
NPI is a weighted average of supply and values across 11 cities in India. Across cities property values have either dropped or remained stable. With a 3 per cent increase Pune and Hyderabad recorded the highest rise in the city index this quarter while Ghaziabad and Ahmedabad saw a drop of 1 per cent each. [...] Continue Reading »
Whilst the India’s first double-decker flyover— Santa Cruz-Chembur Link Road (SCLR) — has started providing much-needed east-west connectivity, experts suggest that around the stretch the real estate market is most likely to go up, which is being seen as a good sign. There has already been a jump of close to 25 per cent in [...] Continue Reading »
Delta Corp is India’s largest and only listed company in the gaming and casino segment. It is under the lens of income tax authorities on Tuesday for alleged tax evasion. Peninsula Land Limited, the real estate arm of the Ashok Piramal Group is also under the scanner. Around 25 residential and official premises, in Mumbai [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
GMR Infrastructure has made an upfront 14.4 billion Philippine Pesos (about USD 320 million) payment in an agreement to develop and operate the Mactan Cebu International Airport in the Philippines. The company has won an international bid, together with Philippines based construction firm Megawide. The bid involves developing and operateing the Mactan Cebu International Airport [...] Continue Reading »
Larsen and Toubro (L&T) has strengthened its presence further in the overseas market, especially the Gulf region. The company has won Rs 4,510 crore order for design and construction of the Golden Line of the Doha metro project. The company has secured order along with its joint venture partners Aktor – Greece, Yapi Merkezi Insaat [...] Continue Reading »
The shifting of Kathputli Colony residents to the transit camp in Anand Parbat was resumed after a hiatus of nearly a month. The Election Commission of India (ECI) gave its nod to the Delhi Development Authority (DDA) to proceed with the relocation project for which the latter has reconstituted a team. On March 24 the [...] Continue Reading »
According to a top official at the company, Godrej Properties Ltd is looking for a partner to develop a housing project and is keen on entering the Noida real estate market. in joint venture with land owners, The real estate arm of the Godrej group is budding 3 premium housing projects in Gurgaon and not [...] Continue Reading »
