Realty News
Red Fort Capital Advisors Private Limited, based in Delhi, an India focused real estate PE firm, is planning to raise $500 million real estate fund next year to invest into residential and commercial properties across the country. The real estate PE fund had earlier raised $500 million in January from overseas investors. The firm’s institutional [...] Continue Reading »
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit. The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur. Also, during the quarter, it has acquired two [...] Continue Reading »
The escalated price of properties in Mumbai has been much speculated upon and as noticed by the analysts, real estate prices in Mumbai are unlikely to fall due to limited supply. According to the chairman of Oberoi Realty, a major realty player, the present scenario is due to the fact that input costs and raw [...] Continue Reading »
Big corporates have seemed to put emphasis on making their new projects accessible, comfortable and user-friendly for the elderly and the handicapped people. Ansal Unitech, DLF, Tata Housing, SVP Developers are designing their residential, even commercial buildings imbibed with barrier-free design with easy and convenient passage to different sections of the home in order to [...] Continue Reading »
Ghaziabad is fast becoming one of the hot spots of real estate growth in India. The reason being concerted effort put up by Ghaziabad Development Authority (GDA), UP Awas Vikas, the municipal authorities and various private developers to improve the social and physical infrastructure of the city . The city has witnessed an appreciation of [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
A lot of buyers find themselves in a fix before buying a flat because the developer does not hand over the project to the tenants despite its completion. Many factors can be behind this – there might not be a registered housing society, developer may not have received the occupancy certificate (OC) from the civic [...] Continue Reading »
Due to an exceptional income of Rs 607 crore from properties sale, Hindustan Unilever said its net profit soared over two-fold to Rs.1, 331.19 crore for the quarter ended June 30 this year. The company has announced a net profit of Rs 627.16 crore for the same period previous fiscal. Company’s net sales surged to [...] Continue Reading »
The leading UK-based industrialist The Hinduja Group has announced its entry into the real estate industry of India. The group with a global presence in core sectors like oil and gas, automotive, power, IT, banking and finance announced an investment of up to $ 15 billion in Indian realty. The group has already acquired a [...] Continue Reading »
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »
