Tag: Land Parcels

Unitech is looking for restructuring loan

Unitech, India’s second largest listed real estate company, is looking at restructuring a Rs 800-crore loan from public sector banks, as it attempts to save itself from sinking under the huge debt burden. The company is pinning its hopes on debt restructuring, asset and stake sales to private equity (PE) funds to pay a debt […]

Real estate cos hope govt help will revive demand

The Union government’s recently announced stimulus package, coupled with the Reserve Bank of India’s (RBI) move allowing banks to provide special treatment to the real estate sector are likely to change the fortunes of Indian real estate sector, which has been struggling to survive for the past six months. Monday’s interest rate cut on housing […]

Realty Firms Consider Joint Development For Construction Projects

Real estate firms will enter into joint development for construction projects by selling land parcels to other builders, given the drop in sales of apartments and inflationary trends. Pankaj Jaju, head-real estate practice, Enam Securities told FE, “Metros and Tier II towns having a huge pipeline of projects have witnessed a 60% drop in sales […]