Real estate firm
A consumer forum in New Delhi has compelled the Durga Builder Pvt. Ltd, a real estate firm, to pay compensation money of 4 Lakh to agitated customer for having unfair business means. Durga Builder, a Delhi based real estate firm is asked to pay 4 Lakh to a woman who resorted to consumer forum after [...] Continue Reading »
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 »
Again in another hearing by the District Consumer Disputes Redressal Forum, the builders were found guilty. The District Consumer Disputes Redressal Forum has directed Ansal Properties and Infrastructure Limited to pay Rs 50,000 as compensation to a New Delhi resident. Sudhir Khosla the complainant alleged that in 2006, he had applied for a residential plot [...] Continue Reading »
Even though there are 60% of the international retailers currently staying in India, the growth has been significantly deterred because of the lack of good managing skills at malls and high rentals. An analysis was made by the multinational real estate firm on more than 300 international retailers in order to understand the operating trends, [...] Continue Reading »
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise. [...] Continue Reading »
The major real estate firm won contracts worth Rs. 1,981 crore in housing sector including major order in Bangalore. The company says that the building and factory business of L&T has grabbed the housing order of value Rs. 1,981 crore in March 2014. A main residential order is taken up in Bangalore from one of [...] Continue Reading »
Announcing the first closure of its second real estate fund, India Realty Excellence Fund (IREF) II LLP, Motilal Oswal Real Estate (MORE) has raised Rs 225 crore in three months. The fund was launched in November 2013, with a target to raise Rs 300 crore and with a Green Shoe option of Rs 200 crore. [...] Continue Reading »
Bangalore- Nitesh Estates Ltd is planning to raise Rs.400 crore from private equity (PE) firms, for developing residential projects. Nitesh Housing Developers, which is a subsidiary of the company will be raising the big fund. The developer has been planning to launch five new projects of which, two will be luxury residential projects while the [...] Continue Reading »
In a recent announcement by the real estate firm Supertech, it was stated that they have merged with the hospitality chain The Leela Palace, Hotel and Resorts for the management of its luxury hotel in Noida which has been planned to develop with an investment of Rs 450 crore. The hotel containing 250 rooms is [...] Continue Reading »
Brys Group a real estate firm is to develop a 300 metre tall residential tower in Noida at a price range of up to Rs 9 crore per unit. The firm has an investment of Rs 1,000 crore to develop 285 premium apartments over the next four years. The Group Chairman of Brys Rahul Gaur [...] Continue Reading »
