Ongoing Projects
Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 percent and improve cash-flows for faster execution of ongoing projects, company’s chairman Ramesh Chandra has said. Unitech currently has over 100 ongoing projects, totalling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the [...] Continue Reading »
Developers are using different strategy to lure property buyers and increase sales as the Bangalore residential market did not do well as it was expected in the last quarter. Bangalore real estate market has seen the price point of 50-60 lakhs for a 2 BHK apartment in the booming market. Some of the announcement [...] Continue Reading »
Sai Sumukha is an ongoing project by Sri Sai Venkateshwara Builders which is located at Mysore road. The project is spread over 600 acres of land. Sai Sumukha offers 2 and 3 BHK apartments coming up on stilt + 5 floors, available in sizes ranging from 1045 sq.ft to 1450 sq.ft. The project is expected [...] Continue Reading »
Many Bangalore developers have lowered prices to lure buyers mid to upper-mid segment as the premium property segment struggled a lot to sell last year. Sale in luxury segment did not even meet 50 percent of the target despite promotions, pre-launches and launch offers which has created a fast change in the set of offerings [...] Continue Reading »
Century Real Estate, one of the leading realty players of Bangalore, is likely to buy at least half the investment from Fortress Capital, a global private equity fund that had invested about $100 million in 2007. The company is one of the largest land-bank owners in Bangalore. It had embarked into developing various commercial and [...] Continue Reading »
The Mumbai-based real estate developer DB Realty Ltd has posted lower revenues in the quarter ended 31 March. It is found that the total revenue earned by the builder is reduced to Rs. 97.71 crore from Rs 391.8 crore, while the net profit has increased by 152 percent to Rs 20.26crore. The company has also [...] Continue Reading »
The District Collectorate has decided to upload on the Internet details of all ongoing projects in Pune and the status of various permissions granted to these. The status of the pending government permissions of all major ongoing construction projects that require approvals from the District Collector can be checked online. Permissions for areas outside the [...] Continue Reading »
