Debt in real estate
The real estate giant Unitech Limited planned to raise Rs 1100 crore funds by renting and leasing office space in Gurgaon region. The company will utilize the amount raised in the construction of projects in Kolkata and NCR. The fund will help to increase the construction pace of the SEZ projects and the construction of [...] Continue Reading »
The realty builder Parsvnath Developers planned to sell its commercial land in Connaught Place, New Delhi. The Sahara group and the ICICI are the major contenders for the land. It’s a 1.18 acre land at kasturba Gandhi Marg. Parsvnath Builders were bought the land in 2008, and planned to construct a retail cum office complex [...] Continue Reading »
DLF considered as the largest real estate builder in India, is struggling with debt amounting more than Rs.22 crore. The sales and the net profit has also reduced in last two years, resulting the high debt amount in the real estate property market. DLF is aiming to raise funds by dis-investing its non core assets. [...] Continue Reading »
