Real estate in India
GMR Infrastructure has reported net loss of Rs 3.66 billion in the financial year 2011-12. According to a company spoke person the loss is due to poor performance of the power segment due to shortage of gas and delay in the process of monetization of real estate at DIAL (Delhi International Airport). GMR Infrastructure is [...] Continue Reading »
In a recent study made by a real estate research firm it is revealed that the cost of properties in Delhi-NCR have increased by an average of 25 percent. Properties in Noida record the highest property inflation rate in the region, with a 48 percent increase in prices. The research was made over 40,302 residential [...] Continue Reading »
In the present real estate market scenario the home buyers are younger than they were before. Most of the home buyers buy their dream home in their twenties. Buying a second house in India is a new trend and has been recognized as a growing market in the past few years. As an investment, real [...] Continue Reading »
L&T Infrastructure Development Projects has signed the concession agreement with National Highways Authority of India (NHAI) to build-own-operate two road projects worth a total of Rs 4,800 crore. L&T IDPL signed agreements with the NHAI for both the projects which will have a concession period of 20 years, including a construction period of 30 months. [...] Continue Reading »
DLF builder has planned to focus on building luxury homes and continue selling non-core assets to reduce debt. DLF, which saw a 37 percent erosion in its share price in 2011, is struggling to meet a target of selling non-core assets worth 60-70 billion rupees by 2012-13 to pare its debt. Since 2007-08, DLF’s interest [...] Continue Reading »
Real estate in India has become a trend of non-performing asset classes. Real estate has outperformed equities, currency and bonds by a wide margin. It is noticed that the factors that go into driving real estate prices are definitely negative and will continue to remain negative going forward. The factors include lending rates and terms, [...] Continue Reading »
Emaar MGF Land Limited has raised $404Mn through a private placement of bonds. The funds raised will be used to redeem fully convertible debentures and to repay accumulated premium. The Emaar MGF is also planning to sell few of its land parcels to reduce debt which stand around R4100Cr. The real estate group has developed [...] Continue Reading »
Raising debt amount is becoming a burden for the DLF builders. To ease its debt burden, the real estate group is focusing on luxury home projects in India. In a report it is found that the company has faced serious construction delays which had a drastic impact on its ability to reduce its huge debt. [...] Continue Reading »
Hines India Real Estate Pvt. Ltd, the local unit of a US-based realty firm, plans to invest into residential development projects in India and warehousing and logistics sector. Hines has built many landmark towers such as the Bank of America Center in Houston and the EDF Tower in Paris. In 2007, Hines set up a [...] Continue Reading »
The commercial property markets in India is showing indications of a slight turnaround with investments and rentals moving up in first quarter of this financial year. Developers for their part are gearing to tap the commercial property market with faster completion ratio and refurbishing existing properties in India. According to the RICS India Commercial Property [...] Continue Reading »
