January 8, 2013 – 6:17 pm
Real estate shares face heavy pressure of selling due to the sluggish real estate market. The pressure was all the more accelerated when the BSE real estate index closed at 1,822.14 in last week. Real estate shares fall by 3% and this sector faced the biggest fall in the share- market. Due to profit booking […]
Unitech, one of the India’s leading integrated developers of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida. Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes […]
October 5, 2009 – 1:16 pm
Realty industry is all set to be lift up this Diwali. At least 12 public offerings, a slew of new projects and the return of private equity funds that had turned away proposals due to the global slowdown last year. ‘After weathering the worst funds crisis for one and half year, the realty sector has […]
Mumbai seems to be the next destination for realty giants DLF and Unitech. Both companies are trying to restart some of their projects in Mumbai which were on hold. Unitech, said, “We have a number of slum redevelopment projects in Mumbai. We also have a focus on affordable housing and some projects will be announced […]
Diversified equity mutual funds are betting big on realty, the best performing category in the past one month. The construction segment has shown the highest growth in exposure in value terms in May spurting 95.53% to Rs 7565.76 crore. Construction has now emerged as one of the most favoured sectors for mutual funds and now […]
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., Realty Firms, Reserve Bank Of India
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January 7, 2009 – 7:23 am
Controversial mega projects in Chandigarh worth billions of rupees under prevailing market prices are under the scanner of the Central Vigilance Commission (CVC). The CVC has sought all files pertaining to the mega-projects from the Chandigarh administration to investigate alleged corruption in land deals. Using its powers as a court, the CVC has announced the […]
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Also tagged Administrative Head, Alleged Corruption, Allotments, Ambitious Projects, Capital Of Punjab, Central Vigilance Commission, Chandigarh Administration, Congress Leaders, Film City, Realty Companies, Renowned Companies, Sentosa, Sentosa Island, Union Territory, Worth Billions
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December 23, 2008 – 11:42 pm
Unitech is planning to raise $300-500 million through an issue of convertible debt instruments to multiple private equity investors. According to a person with direct direct knowledge of the company’s plan, Unitech, which is desperately looking for a cash infusion to repay a debt of Rs 2,700 crore in three months, is holding negotiations with […]
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Also tagged Asset Sales, Attractive Price, Cash Infusion, Conversion Price, Convertible Debt, Debt Instruments, Debt Issue, Equity Stake, Institutional Investor, Market Capitalization, Och Ziff, Private Equity Investors, Purpose Vehicles, Realty Firm, Residential Projects, S Board, Tpg Axon
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December 15, 2008 – 4:28 am
Realty stocks gathered momentum Monday on media reports that state-run banks will unveil special home loan plans as part of the federal government’s stimulus package. Under the package to be announced by the Indian Bank Association, housing loans up to Rs 500,000 will be priced at 8.5%, and borrowers in the 5-20 lakh category will […]
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Also tagged Borrowers, Dlf, Home Loan, Housing Loans, Loan Insurance, Loan Plan, Margins, Realty Stocks, Segments, sobha developers, Stimulus Package, Upfront Payment
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November 18, 2008 – 3:44 am
Unitech repays Rs 200-crore loan to Indiabulls Financial Real estate player Unitech has managed to raise around Rs 200 crore through partial monetisation of assets and internal debt restructuring within the group to pay back the 45-day debt taken from Indiabulls Financial Services (IBFSL). The deadline to pay back the debt was November 17. Sources […]
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Also tagged Assets, Avenues, Bombay Stock Exchange, Collaterals, Debt Restructuring, Escrow, Gurgaon, Home Loan Rates, Indiabulls Financial Services, New Delhi, Private Equity, Real Estate Developers, Real Estate Sector, Saket, Slowdown
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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, Realty Firms, Saket
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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, Realty Firms, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments
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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, Realty Firms, Residential Projects
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Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in Business school campuses in the past two years in a move to have a more professional image. The move coincides with the growing interest of business school graduates in the real estate sector. The real estate firms have sold […]
Bangalore-based real estate developer Vaishnavi Infrastructures has received an investment of $25 million from private equity investor Actis for its Rs 350 crore Bangalore project, an investment bank official said. The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high-end residential and retail space at Yeshwantpur, a […]
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Also tagged Actis, Bangalore, India Real Estate, Industry Experts, Infrastructures, Investment Bank, Lehman Brothers, Pradeep Jain, Private Equity Investor, Real Estate Developer, Realty Market, Retail Space
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Buoyed by an exciting real estate market, investors in Britain increasingly prefer India for investment looking for higher profits on the back of a slowdown in Britain’s realty market. Navyroof.Com, a company that emphasizes investment prospects in the most upcoming areas of India to the UK investors, Managing Director A. Fassnidge said: “All the economic […]
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Also tagged British Citizens, Credit Crunch, Development Finance Corporation, Foreign Investment., Gujarat, Housing Development, indian government, Indian Origin, Jaipur, London Property, Market Investors, Merrill Lynch, NRIs, Pune, Realty Market, Uk
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India’s second-biggest property firm, Unitech, has scrapped plans to list a US$600 million ($824 million) real estate investment trust here.Its big rival, DLF, which is India’s biggest developer, did likewise in March, announcing it would delay its listing plans.
Leading real estate players together with DLF, Parsvnath, Omaxe, TDI, Ansals and Unitech have shown interest in joining hands with the Punjab government in its bid to provide ‘reasonable houses costing not more than One lakh rupees each’ in the state. Real estate and infrastructure players who attended a conference with Punjab chief minister Parkash […]
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Also tagged Ansals, Development Authorities, Housing, Housing And Urban Development, Management Members, Parsvnath, Punjab, Punjab Government, Real Estate Company, Real Estate Developers, Urban Planning
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Real estate giant Unitech Limited is likely to finalize by the end of June the entity which will pick up a 25-30 % stake in its new telecom venture. The country’s second largest real estate developer by market capitalization, which has been awarded start up spectrum in five telecom circles, will open next week the […]
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Also tagged Global Telecom, Market Capitalization, Mobile Operators, Mobile Subscribers, Mtn, Real Estate Developer, Telecom Business, Telecom Circles, Telecom Firms, Telecom Italia, Telecom Market, Telecom Venture, Telenor
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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 […]
March 18, 2008 – 12:15 pm
As home sales continuously going downward, real estate developers are changing their strategy and showing more interest in luxury home segment by targeting non-resident Indians and high net worth individuals keen on buying that exclusive villa in India. Such business strategy also seems to be supported by market as demand in the luxury home segment […]
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 […]
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Also tagged Bpo, Delhi, Dlf, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Wipro
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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 […]
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