non-core assets
Real estate firm Parsvnath Developers is apparently mulling plans to raise an amount of up to Rs. 1,000 crore via private placement of non-convertible debentures (NCDs). In addition, the company is also considering the sale of its non-core assets, so as to reduce an approximately Rs. 1,200-crore debt. In an attempt to seek the approval of the [...] Continue Reading »
There is a trend with the realtors which is visible for the last couple of years. Real Estate sharks like DLF and HDIL are trying to sell off their assets and pay off their debts, increase liquidity and pay less interest on debts. Bangalore-based Puravankara Projects also wants to reduce the debt burden, but by [...] Continue Reading »
New Delhi- DLF, a leading real estate developer of India, has planned to reduce its debts by 50 percent over the next three years. It is likely to achieve this through sale of its non-core assets, fresh equity shares and improved cash flows. Last week, the top executives of DLF had a meeting wherein they [...] Continue Reading »
Though it is found that the performance of DLF is slightly better than last quarter, they are still struggling to attract the investors. Most of their projects are still laying unoccupied due to high interest rate for funding. Most of the home buyers are looking for local builders for buying apartments in India. That is [...] 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 »
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 »
The country’s leading realty consultant Jones Lang LaSalle pointed out that the projects would be delayed, unsold housing stock will rise and developers might have to offer new projects at 10-15 per cent discount, all because of a slowdown in property demand. Indian real estate sector is likely to see a gloomy phase in the [...] Continue Reading »
