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Realty firm Ansal Properties and Infrastructure (Ansal API) has reduced its net debt by nearly Rs 252 crore during the last fiscal on improved cash flow. At the end of the financial year 2012, the company’s net debt stood at Rs 1,209.6 crore. In the year 2011-12, Ansal achieved a sales booking of 22.70 million [...] Continue Reading »
DLF Brands has announced the launch of its first multi-brand retail venture AVE.NEU and plans to open 25 outlets across India at an investment of up to Rs 125 crore in the next three years. The retail stores will be opened in cities like Mumbai, Pune, Chandigarh, Surat and Lucknow. According to the planning 10 [...] Continue Reading »
A two-day property show is arranged by Vihan Events at Clube Gaspar Dias in Miramar. Over 100 real-estate properties in Goa spread across the city will be presented by fourteen builders in the fair. Properties from Panaji, Pilerne, Margao, Siolim, Vasco, Mapusa, Dona Paula, and Canacona will be displayed in the property fair. Some of the [...] Continue Reading »
The Chennai Metropolitan Development Authority (CMDA) has planned to develop a satellite commercial corridor along the proposed Outer Ring Road. It is a 62-km six lane state highway connecting Vandalur in the south with Minjur in the north. CMDA also planned to appoint a consultant to evaluate the commercial potential and suggest a road map [...] Continue Reading »
Banks are the major source of funds for the realty sector in India. Due to steady downfall in demand, the real estate companies were not able to repay their bank loans. In a report submitted to the Lok Sabha, it is reported that almost 7 lakh crore of bank loans are still to be paid [...] Continue Reading »
The real estate sector in India will witness a flow of new or follow-on private equity (PE) funds in the market. Though funds launched last year found it tough to raise money, 2012 has seen more firms jumping on the fundraising program. According to data it is seen that PE deals in realty have come [...] Continue Reading »
Four months before the Karnataka High court has asked to stop using the residential areas as commercial places. The implementation of the verdict became a big challenge for the authority. It is being noticed that the residential properties in Bangalore are converted to bookshops, restaurants and coffee joints. Many of these shops are operating without [...] Continue Reading »
The Andhra Pradesh Government is encouraging the use of Robo sand, a natural sand substitute for construction purpose. As the Government is in the process of streamlining sand quarrying and prevent its indiscriminate use, the promotion will overcome the shortage of sand supply impacting the construction sector in the State. In a meeting of owners [...] Continue Reading »
NHAI once targeted to construct 20 Km road in a day. But the authority is lagging in pace for completing the projects. According to an official of The Parliamentary Standing Committee on Transport, Tourism and Culture, NHAI is not in a position to complete any project within the scheduled period. It is also reported that [...] Continue Reading »
Godrej Properties is considered as the most promising Indian real estate companies.The company has published its last quarterly performance report. The report shows that the consolidated net sales has grown by 8% while the operational profit of the company has dropped by 17.4 percent. The majority of the income of the company came from the [...] Continue Reading »
