Realty News
Andhra Pradesh High Court has approved the merger of subsidiary IVRCL Assets and Holdings with the parent company, infrastructure firm IVRCL. A composite Scheme of Arrangement has been made between IVRCL Ltd and IVRCL Assets & Holdings Ltd and two subsidiary companies RIHIM Developers Private Ltd and IVRCL TLT Private Ltd. As per Scheme of [...] Continue Reading »
DLF, the country’s largest developer, is all set to sell its 17.5-acre land in Mumbai’s Lower Parel to Lodha Group and a private equity (PE) player for about Rs 2,800 crore. The company is in the process of selling several non-core assets including land parcels, SEZs and some office buildings, to reduce its debt. DLF [...] Continue Reading »
Godrej Properties, the real estate arm of Godrej Group has registered 70.64 per cent growth in consolidated net profit at Rs 17.15 crore for the quarter ended June 30 due to strong sales. The company had registered net profit of Rs 10.05 crore in the corresponding period last year. The firm’s total income grew by [...] Continue Reading »
Federation of Indian Chambers of Commerce & Industry (Ficci), is organising a day-long South Indian Real Estate Conference 2012, on August 3, 2012, at the Hotel ITC Windsor, in Bangalore. The meet will be held in the backdrop of the real estate sector witnessing tremendous growth in recent years and the prospect of the sector’s [...] Continue Reading »
Delhi district consumer forum came up to stand for the rights of a consumer and directed leading real estate company Unitech Ltd. to pay back the booking amount and also imposed a fine of Rs. 15,000 on the company. The complainant alleged that he had paid Rs. 6.5 lakh as an installment amount to the [...] Continue Reading »
With real estate prices skyrocketing in metros, some particular areas in the metros are witnessing more hike than the others. According to a study on realty prices in the metros over the last three years, the North Bangalore corridor, especially the areas around Hebbal, seems to be developing into a very high demand realty zone. [...] Continue Reading »
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase. RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors. Many developers feels [...] Continue Reading »
Brigade group has started a mega integrated real estate project located at Devanahalli. It is named as Brigade Orchards and will comprise of luxury villas, value homes and premium apartments. The developer says the project will be completed in a span of five years involving Rs 2,000-crore investments, which will include 3,500 residential units [...] Continue Reading »
DLF Ltd has been in the process of selling a number of its non-core assets to reduce its debt. In the recent endeavor it has got approval from its shareholders to sell its wind power business. According to sources, of all the shareholders, 99.98 per cent were in favour of the resolution to sell off [...] Continue Reading »
Notwithstanding the current predicament about the effect of recent court order on the real estate market of Gurgaon, studies reveal that Gurgaon has witnessed issuing of around eight licenses every month.Two out of three licenses granted in the state of Haryana are from Gurgaon, which include commercial, residential and plotted projects, as being highlighted in [...] Continue Reading »
