January 11, 2009 – 11:32 pm
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 […]
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Also tagged Bank Of India, Commercial Real Estate, Company Executive, Debt Burden, Debt Restructuring, Gurgaon, Land Banks, Land Dues, Land Parcels, Non Performing Assets, Private Equity, Public Sector Banks, Rbi Directive, Rbi., Reserve Bank Of India, Unitech
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November 21, 2008 – 12:01 am
Real estate companies seem little inclined to listen to the government’s call to reduce prices. Even as realty firms such as DLF, Parsvnath and Emaar MGF demand rollback of taxes, they are reluctant to commit any price cut. An association of developers, Confederation of Real Estate Developers Association of India (Credai), has asked member developers […]
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Also tagged Confederation, Credai, Delhi Chapter, Economic Sentiment, Emaar Mgf, Home Buyers, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Realty Cos, Residential Market
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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 […]
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Also tagged Cash Crunch, Delhi India, Delhi Market, Delhi Office, Hdfc, New Delhi, Ramesh Chandra, Real Estate Developer, Real Estate Firms, Saket, Unitech
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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 […]
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Also tagged Ansal Properties, Baliga, Current Market, Dlf, Goel, Hdil, Industry Executive, Liquidity, Market Scenario, Parsvnath, Previous Announcement, Real Estate Sector, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments, Unitech
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September 3, 2008 – 9:34 am
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 […]
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Also tagged Bandra Kurla, Bangalore, Bkc, Chennai, Construction Projects, Crunch, Enam Securities, Industry Experts, Inflationary Trends, Land Parcels, Metros, Mumbai, Pune, Puravankara Projects, Raw Material, Real Estate, Tier Ii
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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 […]
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Also tagged Dlf, Finance Model, Free, Housing Sales, Independent Fund, Japanese Bank, Largest Realty, Management Arm, Real Estate Sector, Realty Advisors, Residential Projects, Unitech
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In what would be the first major fund infusion into the Emaar MGF Group after a failed IPO, one of its promoters, Dubai-based Emaar is learnt to be investing $150 million to pick 20-25% stake each in three real estate projects of Emaar MGF. This would be separate from its equity contribution in the JV […]
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Also tagged Commercial Projects, Commercial Retail, Emaar Mgf, Gurgaon, Home Buyers, Hospitality Sector, IPO, JV Partner, Lehman Brothers, Market, Private Equity, property, SPV
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BANGALORE: Realty marketing and consultancy firm Asipac Projects is close to putting together a real estate fund, in association with a few institutional investors. The move by the company , aimed at widening the scope of the company’s services is part of a series of initiatives that will roll out in the coming months. According […]
February 19, 2008 – 6:29 am
According to industry body Assocham Real estate companies mopped up a large amount amount through early public offers on stock exchanges during 2007.V. Dhoot president of Assocham chamber states that although high interest rates, the real estate sector remained buoyant during 2007 primarily due to the well-built underlying demand, aggressive marketing, entry of fresh players […]
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