Property News from IndianRealtyNews

Property News from IndianRealtyNews

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HDIL Posts 187% Jump in Q4 net

Posted: 31 May 2010 08:16 PM PDT

Housing Development and Infrastructure Ltd (HDIL) has posted a 187 per cent jump in profit after tax in the January-March quarter of FY 10. The company has posted a net profit of Rs 177.84 crore for the quarter ended March 31, 2010 as compared to Rs 61.92 crore for the quarter ended March 31, 2009. [...]

Unitech Reports 43.64 Per Cent Decline in Net Profit

Posted: 31 May 2010 08:13 PM PDT

Unitech, the country’s second-largest realty firm, has reported 43.64 per cent decline in its net profit for 2009-10 fiscal at Rs 675.05 crore, mainly due to lower margin in affordable housing projects. It had posted a net profit of Rs 1,197.71 crore in the previous financial year. The net sales, however, rose marginally to Rs 2,931.33 [...]

Omaxe Sees Surge in Profits

Posted: 31 May 2010 04:20 PM PDT

New Delhi-based property developer Omaxe Ltd reported a profit of Rs45.12 crore in the three months ended 31 March, compared with a loss of Rs41.62 crore a year earlier, as it benefited from increased demand from buyers in small cities. Net sales increased almost sixfold to Rs378.20 crore in the term from Rs64.01 crore in [...]

32 SEZ Developers Seek Time Extension to Execute Projects

Posted: 30 May 2010 09:38 PM PDT

As many as 32 SEZ developers, including Reliance Haryana SEZ of RIL, Indiabulls, Unitech and TCS, have sought extension of time to execute their projects. The inter-ministerial board of approval (BoA) will take up these cases at its next meeting scheduled for June 8, an official said on Tuesday. Besides the extension cases, five [...]

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