Real Estate Companies
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet. Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water [...] Continue Reading »
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
Real estate companies in Maharashtra are facing a stern directive from Supreme Court to clear value added tax dues by the end of October. As a result, most of them are almost turning into collection agents, as they have to rush to comply with the Supreme Court directive. Any body who bought a home in [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
DLF, the country’s biggest real estate developer, has been on the road to sell off its non-core assets for few months now. On Tuesday the developers revealed that it expected to close sale of three non-core assets, which will cut its debt by about 5,000 crore, by the end of the current fiscal. The sell-off [...] Continue Reading »
The slowdown in the Indian realty sector has been reflected in the books of DLF, the largest player in the segment. The net profit of DLF, India’s largest real estate company, fell 18 per cent to Rs 292 crore for the quarter ended June. The dip is quite huge compared to Rs 358 crore for [...] Continue Reading »
The heat of mall culture across national capital region (NCR) seems to be gradually cooling off. As per Cushman & Wakefield’s (Q&W) recent report on the national retail real estate market, the region has been witnessing the highest ever deferment of new floor space additions and vacancy levels within its malls. The region has observed [...] Continue Reading »
Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged. There were no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time around. Experts maintain that the sector urgently needs cut in interest rates to boost housing demand. [...] Continue Reading »
