BSE
After Housing and Urban Development Minister M Venkaiah Nadu spoke about cutting down on interest rates for home loans, it wasn’t just news; it was a flavour of things to come for the Indian realty sector. With property sales on the rise, projects being completed in a hurry, and availability of cheap sources of funding, [...] Continue Reading »
Close on the heels of real estate firm Unitech recently reported consolidated loss of Rs 51.55 crore for the January-March quarter, the shares of the company plunged by over 3 percent on Thursday. As an apparent result of the consolidated loss posted by Unitech, the company’s scrip closed at Rs 27 on Thursday, underscoring a [...] Continue Reading »
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »
GMR spokesperson says that GMR and its partner plan to double the passenger capacity to 14 million per year in the next three-four years. The consortium consisting of GMR and Philippines’ Megawide Construction Corp was recently awarded a 25 year contract for the development of the country’s second largest airport. The spokesperson says that the [...] Continue Reading »
As per BSE data, the fund has sold 34, 64,000 equity shares for Rs 325 each which aggregates to an amount of Rs 112.59 crore. The fund had 61, 92,100 shares which is 9.96 percent the total shares in the home finance company by the end of December 2013. At the same time Jupiter PAF [...] Continue Reading »
The Gammon Infrastructure and NHIA have stopped the concession pacts for two road projects because of the lack of land clearances. The 2 projects allotted to Gammon in 2012, consists of the Yamuna agar Panchkula project in Haryana and the Birmitrapur Barkote project in Orissa. Gammon Infrastructure informed that the terminations were done by the [...] Continue Reading »
Godrej Properties, the real estate development arm of the Godrej Group, has entered into a partnership with Oxford Group and Ekta World to develop a residential project in Mundhwa, Keshavnagar and Pune. Spread over 43 acres, the project will offer approximately 2.8 million square feet of saleable area and will be build up as a [...] Continue Reading »
The infrastructure company, Sadbhav Engineering informs that it has bagged a project from NHIA for development of highways. The company also informed that it is a successful bidder by National Highways Authority of India (NHAI) for the development of Jodhpur- Barmer Section of NH-112. This project comes under the National Highway Development Project (NHDP) and [...] Continue Reading »
The major real estate firm won contracts worth Rs. 1,981 crore in housing sector including major order in Bangalore. The company says that the building and factory business of L&T has grabbed the housing order of value Rs. 1,981 crore in March 2014. A main residential order is taken up in Bangalore from one of [...] Continue Reading »
As per the source the 25 acre Tata Steel land parcel that Mumbai-based Oberoi Realty bagged is anticipated to have sales potential of Rs 6,500-Rs 7,000 crore. Tata Steel announced Oberoi Realty as the highest bidder for the Borivali land located to the north of Mumbai on the basis of its final bid of Rs [...] Continue Reading »
