Indiabulls Real Estate
Many leading developers are joining the league where sales volume has pushed down, some with marginal increase in net profit, some with no money and no buyers while some with declining profits. Oberoi realty, Mumbai based real estate company, reported a net profit of Rs 145.2 crore in last quarter of the 2012-13 fiscal against [...] Continue Reading »
Indiabulls Group has put a step forward to acquire global footprint. The real estate firm has entered into an agreement with Qatar‘s Doha Bank for offering mortgage loans to the bank’s NRI customers for acquiring properties in India. The tie-up with Indiabulls will provide an opportunity for Doha Bank NRI customers to approach for housing [...] Continue Reading »
Indian real estate companies seem to take a hit due to imposition of VAT in Maharashtra. The shares of most big players dropped for a second day as confusion kept arousing about who would end up paying a proposed retrospective value-added-tax(VAT) from the state of Maharashtra. The drop was caused by worries about a stringent [...] Continue Reading »
There may be good days in the offing as per real estate market in India is concerned. According to data from property research firm PropEquity, home sale volumes remained stable in the month of May in key cities across the country. Mumbai has seen slight increase and the sales have been moderate in Gurgaon. The [...] 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 »
