September 30, 2008 – 1:32 am
Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore [...]
By Rajani
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Posted in Property News
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Also tagged Ansal Properties, Baliga, Current Market, Goel, Hdil, Industry Executive, Liquidity, Market Scenario, Parsvnath, Previous Announcement, Real Estate Sector, Realty Firms, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments, Unitech
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September 1, 2008 – 5:52 am
Singur may be grabbing headlines, but it isn’t the only project where the West Bengal government has ‘landed’ itself in a mess. Another storm is developing just 20 km away from Singur, where DLF is growing annoyed with its proposed Dankuni township.
The real estate giant has threatened to pull out of the thirty three thousand [...]
By manish
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Posted in Property News
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Also tagged Dankuni, Development Minister, District Administration, Estate Projects, Ppp Project, Public Private Partnership, Real Estate, Singur, Township Project, Urban Development, West Bengal Government
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August 27, 2008 – 2:53 am
The largest real estate company by market share DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30.
According to a DLF spokesperson, “This is a normal procedure to [...]
By manish
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Posted in Property News
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Also tagged Agm, Chennai, Earning Per Share, Equity Share, Gurgaon, Indore, Market Share, Maximum Price, Proposal, Rajarhat and Kochi, Share Price, Shareholders, Stock Exchange, Stock Prices
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August 21, 2008 – 5:13 am
Leading hotel chains and top real estate developers are understood to be bidding for the beleaguered UK investment group Dawnay Day’s four-star hotel chain Ten Hotels and other real estate assets in India. ITC, Royal Orchid, Pride Hotels, Sarovar group, Lemon Tree, DLF and Paraswanath have made a pitch for the deal, which is valued [...]
By Rajani
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Posted in Property News
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Also tagged Business Restructuring, Construction Activities, Dawnay Day, Estate Assets, Four Star Hotel, Hotel Chains, Investment Bankers, Investment Group., Jaipur, Lamba, Leading Hotel, Lemon Tree, Mandeep, Real Estate Developers, Suitable Buyer, Top Real Estate Developers, Uk Investment
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August 12, 2008 – 4:23 am
With the stock markets down in India, the realty market here offers a reliable investment avenue.
There are three reasons why NRIs invest in India — they remit money for family expenses or investments or for maintaining their bank accounts and investments here.
According to RBI records, NRIs’ annualised remittances to India have grown from $26 billion [...]
By Rajani
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Posted in Property News
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Also tagged Ahmedabad, Asset Class, Bank Accounts, Family Expenses, Goa, Investment Destination, Investments, Joshi, K Raheja, Mumbai, Non Residents, Prominence, Real Estate Investment, Real Estate Investment Company, Realty Market, Remittances, Stock Markets
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AMBALA : A historical district of Haryana, may still be longing for true genesis of its nomenclature but the city is slowly opening up to real estate investments that were non-existence till a couple of years ago.
The city, divided between Ambala Cantt and Ambala City, is bringing up a few group housing schemes and commercial [...]
By manish
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Posted in Property News
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Also tagged Ambala Cantonment, Ambala Cantt, Ambala City, Chandigarh, Commercial Projects, Dera Bassi, Housing Project, Housing Schemes, Land Banks, Omaxe, Real Estate Investments, Reliance Industries, Residential project, Transit City, Vatika Group
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Unitech International Real Estate Fund is learnt to have raised $300 mn which will be deployed in Unitech’s residential projects. The new fund will help the country’s second-largest, listed developer tide over the liquidity crunch dogging almost all real estate firms.
A senior Unitech executive, who didn’t wish to be named, told that an European pension [...]
By manish
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Posted in Property News
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Also tagged Finance Model, Free, Housing Sales, Independent Fund, Japanese Bank, Largest Realty, Management Arm, Real Estate Sector, Realty Advisors, Realty Firms, Residential Projects, Unitech
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Kumar Builders stood tall at the Pune Real Estate Summit & Excellence Awards 2008 presented by Amicus Enviro Consultancy, a Delhi-based environment consultancy firm, at a function at Le Meridien on Saturday evening.
As many as 28 companies vied for honours for the prestigious awards. Amongst the big names in the nominees were Kumar Builders, Goel [...]
By manish
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Posted in Property News
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Also tagged Behl, Environment Consultancy, Kruti, Kumar Builders, Mudaliar, Paranjape Schemes, Pune Real Estate, Real Estate Developer, Real Estate Marketing, Retail Project, Vascon
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Despite of doubt over the fortune of the township project at Dankuni, real estate major DLF, in charge of executing the project, is hopeful of going ahead with it. According to DLF officials responsible for the Dankuni project, “The company remains committed to the project. The government has not briefed DLF about any of its [...]
The fate of the prestigious Rs 33,000-crore DLF township at Dankuni has become uncertain.
“The project will not be implemented if the Opposition party and landowners are not ready for it,” urban development minister Asok Bhattacharya said on Tuesday as Trinamool Congress chairperson Mamata Banerjee demanded that the state withdraw the acquisition notice.
The proposed township is [...]
For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in [...]
By Rajani
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Posted in Property News
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Also tagged , Brokerage Houses, Industry Experts, Omaxe, Parsvnath Developers, Property Developer, Realty Stocks, Record Highs, Riding The Wave, Share Trading, Unitech
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DLF Assets, the property fund of DLF Ltd, plans to launch an initial public offer of its office trust in Singapore by June to raise over Rs 8,000 crore. DLF is India’s leading real estate company in terms of market evaluation.
By manish
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Posted in Property Articles, Property Events
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Also tagged Commercial Projects, De Shaw, Estate Investment Trust, Global Investment, Investment Firm, Lehman Brothers, Real Estate Investment, Real Estate Investment Trust, Realty Company, Singapore Authority
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March 28 –DLF Ltd, India’s biggest developer, will spend $5 billion in the next seven years to build about 125 hotels in the world’s fastest-growing tourist destination.
In Delhi Rajiv Singh vice chairman of DLF Ltd. said in an interview that DLF plans to build 25,000 rooms including 4,000 in the first three years.
Spending and investment [...]
Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just [...]
By Rajani
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Posted in Property News
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Also tagged , Bpo, Delhi, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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March 12, 2008 – 12:21 am
Delhi-based Business Parks and Town Planners (BPTP) bagged a 95-acre commercial plot at Sector 94 in Noida for incredible Rs 5006 crore from the Noida authority. It is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
February 16, 2008 – 5:46 am
Power, real estate, capital goods and oil and gas indices gained over 7 per cent each and led the Sensex rally on Thursday.
The Bombay Stock Exchange’s Sensex recorded the 3rd highest single-day gain of 817.49 points for the duration of the current calendar year, taking the index from 16,949.14 on Wednesday to 17,766.63 points on [...]
February 16, 2008 – 5:44 am
MUMBAI - Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said.
Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict ownership [...]
February 1, 2008 – 1:38 am
30 January, 2008, New Delhi: DLF Ltd. has reported a quarterly consolidated net profit of 21.45 billion rupees ($544.4 million) on Wednesday. It assured that the growth will remain robust on strong demand. Mr. Rajiv Singh, Vice Chairman, told the reporters “There is no decrease in demand. People have realized that while interest rates may [...]
January 28, 2008 – 6:29 am
DLF is discussing with Ikea, world’s largest home furnishings retailer, for a bid to bring the Swedish brand into India. The developer is looking into the prospects of a joint venture with Ikea on a sharing ratio that was yet to be decided by the time this information had been published. The purpose of this [...]
By Rajani
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Posted in Property News
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Also tagged Better Life, Business Strategy, Foreign Retail Brands, Franchisee, Furnishing Products, Future Group, Gucci, Home Furnishing, Home Furnishings Retailer, Home Furnishings Stores, Home Improvement Stores, IKEA, Ikea Stores, Joint Venture, Malls, Retail Brands, Salvatore Ferragamo, Versace
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