Cash Crunch - India Real Estate Monitor

Tag Archives: Cash Crunch

DLF requests Haryana to refund licence fees

November 20, 2008 – 1:29 am

In a bid to seemingly boost its cash reserves, DLF, India’s largest real estate company, has requested the Haryana government to refund license fees worth Rs 235 crore for various commercial and residential projects in Gurgaon.
In two separate letters to the state government’s director of town and country planning department, DLF requested the authority to [...]

By Rajani | Posted in Property News | Also tagged Agricultural Land, Cash Reserves, Commercial Projects, Country Planning Department, Government Charges, Gurgaon, Haryana Government, K P Singh, License fee, Partial Withdrawal, Residential project, Residential Projects, Town And Country | Comments (0)

Unitech puts Delhi office on block

November 12, 2008 – 11:56 pm

India’s second-largest property firm Unitech has put on the block its 2-lakh square feet office at upmarket Saket in New Delhi. Market buzz
suggests Unitech is in talks with HDFC to sell the property.
Both Unitech and HDFC admitted the property was on the block, but refused to confirm the deal. “I cannot confirm till we sign [...]

By Rajani | Posted in Property News | Also tagged Delhi India, Delhi Market, Delhi Office, Hdfc, New Delhi, Ramesh Chandra, Real Estate Developer, Real Estate Firms, Realty Firms, Saket, Unitech | Comments (0)

HDFC Funds Look At Troubled Realty Projects

September 5, 2008 – 7:34 am

Chairman Deepak Parekh said that the property funds of Housing Development Finance Corp (HDFC) and its asset management unit have more than $1 billion of available funding and will look to buy distressed real estate projects.
The funds are yet to buy any projects, but he said there could be opportunities within six months if the [...]

By Rajani | Posted in Property News | Also tagged Available Funding, Buyouts, Citigroup, Deepak Parekh, Development Finance, Distressed Real Estate, Downturn, Estate Projects, Exorbitant Prices, Housing Development, Management Unit, Mortgage Lender, Portfolio Management Services, Real Estate Portfolio Management, Reconstruction Fund, Rising Interest Rates, Services Business, Takeovers, Top Mortgage | Comments (1)