Indiabulls Real Estate
`The Real Estate of Indiabulls in sunk into debt of 67% that is around Rs. 5,083 Crore, that is recorded by the end of this present fiscal. The main reason behind this indigenous debt is obviously the acquisition of the chief property at Central London. The developers from Mumbai stepped into the London Real Estate [...] Continue Reading »
Indiabulls Distribution Services, powered by Indiabulls Securities has invested Rs. 600 Cr., in buying a huge commercial building in Chennai. This tends to be one of the remarkable property deals of South India. The complex was previously owned by a hedge fund Americorp under India Land and Properties. There are three towers of the complex, [...] Continue Reading »
Indiabulls Asset Management, part of Indiabulls group, has stated that they have appointed Mr.Ambar Maheshwari, as CEO of its alternate investment funds business which it is under the process of being up. The AIF team will be investing primarily in real estate. Maheshwari was previously the Managing Director of Corporate Finance at Jones Lang LaSalle. [...] Continue Reading »
As the central union cabinet approved the relaxation of FDI norms in real estate and constructions, stocks of nearly all real estate companies surged amid the Bull Run in the stock markets. The new rules have reduced the minimum built up area requirement to 20,000 square meters from 50,000 square meters while the minimum capital [...] Continue Reading »
Now that the elections are over, property deals have once again begun at Lutyens Delhi. The co founder of Indiabulls Group Rajiv Rattan has decided to buy himself a bungalow costing rupees 220 crore in the Lutyens Bungalow Zone on Amrita Shergill Marg. Two people who have been working on this deal have mentioned that [...] Continue Reading »
The corporate earnings for the January-March 2014 quarter offered notable positive surprises; with a Bloomberg compilation revealed that a positive earnings surprise of 16 percent – as against consensus estimates – was posted collectively by a sample of 169 listed companies. According to Bloomberg, the list of companies collectively posting the positive earnings surprise for [...] Continue Reading »
On Wednesday, shares of real estate firms fell by up to 9 percent; thanks to selling pressure. While the benchmark index – the S&P BSE Sensex – witnessed a 0.22 percent plunge, some sectoral indices cracked almost 5.3 percent. The top loser among the sectoral indices was the S&P BSE Realty index. Prior to the [...] Continue Reading »
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in [...] Continue Reading »
Lenders trying to find a way to recover loans from financially troubled Deccan Chronicle. Of the 100-crore loan exposure to the financially-troubled Deccan Chronicle Holdings Ltd, Indiabulls Housing Finance Ltd has recovered Rs. 77 crore. DCHL’s properties were auctioned online by Indiabulls. Last year, DCHL defaulted on its loan payments, resulting in Indiabulls taking possession [...] Continue Reading »
New Delhi: Even though real estate prices have increased rapidly in the leading cities, Reserve Bank of India (RBI) governor D Subbarao opines that there is no housing price bubble building up in India. After capturing prices in nine cities, RBI has recorded in its macro-economic and monetary development report released recently that there are [...] Continue Reading »
