Debt
17-acre plot of DLF in Mumbai’s Lower Parel area might be sold at Rs 2900 crore. India’s biggest real estate firm DLF has planned to sale the land to reduce its debt burden. It is said by a DLF official that the Mumbai-based builder Lodha Group and American private equity fund Vornado Realty Trust had [...] Continue Reading »
Godrej properties is planning to acquire 14 acre land in Bangalore from Housing Development and Infrastructure Ltd. The cost of the property is estimated at Rs 100 crore. According to sources, the Godrej Property may pay up to Rs 105 crore in case if HDIL obtains all permissions for construction on the land. HDIL plans [...] Continue Reading »
The largest real estate builders in India DLF will sale its Aman Resorts. The builder took the decision to reduce its rising debt. DLF is trying to reduce the burden of $4.2 billion debt by selling its non-core assets. DLF is hoping to get a value close to $ 400 million from the Aman Resorts [...] Continue Reading »
Parsvnath’s 1.2-acre plot at Kasturba Gandhi Marg in New Delhi can be acquired either by ICICI Bank’s domestic real estate fund or Indiabulls Real Estate. In a bid for the land, the two real estate financier have quoted the bid between Rs 500 crore and Rs 600 crore. The main attraction for the plot is [...] Continue Reading »
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 real estate wing of the Godrej Group, “Godrej Properties Limited” will soon be raising Rs 500-600 crore fund through institutional placement program (IPP). The Godrej Properties experts are planning to dilute the stake from 84 per cent to 75 per cent through the IPP. The main agenda behind the fund raising is to reduce [...] Continue Reading »
DLF, India’s biggest real estate firm will be selling two plots in Noida measuring 25 acres to Bharti Realty. This 25 acre land will be sold to the realty firm Bharti Enterprises, for 250 crore. The Bharti Realty who is showing keen interest in expanding their footprints in these lands. Also they have seeked permission [...] Continue Reading »
Indian real estate market has been forecasted to be dull in 2012 also. The negative mindset was seen in Fitch Ratings who think that due to less demand and hike in property prices, real estate sector in the country is again to see a downfall. The firm has also quoted that high construction costs and [...] Continue Reading »
Housing Development & Infrastructure Ltd (HDIL), a renowned real estate developer is to sell a two acres plot in Andheri, Mumbai. The deal has been stuck at around Rs 300 crore between HDIL and another real estate group. This plot was already a part of the land on which its residential project Metropolis was being [...] Continue Reading »
Greater Visakhapatnam Municipal Corporation is talk of the town due to bad collection of property tax and large debt this year. Apart from this, it is also facing problem in completing the projects in stipulated time under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The debt has also risen to Rs 130 crore and for [...] Continue Reading »
