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HCC Announces Rs 2,000 crore IPO

Posted: 04 Aug 2010 02:31 AM PDT

Hindustan Construction Company has announced that its subsidiary Lavasa Corporation, obtained board approval for an IPO of up to Rs 2,000 crore of fresh equity shares, subject to market conditions and obtaining necessary regulatory approvals. Lavasa’s revenues during the quarter reached Rs 181 crore which has increased by 94 per cent. Its net profilt went up [...]

Puravankara’s Q1 Consolidated Net Profit Zooms 258% at Rs 37 crore

Posted: 04 Aug 2010 02:28 AM PDT

Leading real estate group Puravankara Projects has announced that its consolidated net profit went up 258 per cent at Rs 36.7 crore in the quarter ended June, compared to Rs 10.2 crore in the corresponding period last fiscal. The company’s revenue for the quarter increased by 108 per cent over last year at Rs 116.3 crore. It [...]

Indiabulls Infra Bags Prime Property in South Mumbai for Rs 474 crore

Posted: 04 Aug 2010 02:27 AM PDT

Indiabulls Infratech has bagged the 2.39-acre south Mumbai property of National Textile Corporation’s Poddar Mill bidding Rs 474 crore. The reserve price for the sea-facing property at Worli, the first to be routed on the e-auction platform, was Rs 250 crore. It had attracted a bid of Rs 316.15 crore on Friday, the second day of [...]

Debt Struck DLF to Keep Away from Affordable Housing

Posted: 04 Aug 2010 02:25 AM PDT

Realty major DLF may withdraw from the much-hyped affordable houses, stating low margins under the scheme are unattractive as the firm grapples with 25 per cent rise in net debt to Rs 18,463 crore. Talking to analysts, DLF executive director Saurabh Chawla said that along with other realty firms and associations, the company has approached the [...]

Relaince (ADAG) Set to Finalise Deal with Universal to Build $1.5 Billion Theme Park

Posted: 04 Aug 2010 02:21 AM PDT

The Reliance-Anil Dhirubhai Ambani Group (R-ADAG) is close to a deal with Universal Studios of the US to build a $1.5-billion, 400-acre theme park and resort. The company is scouting for locations at Mumbai and Delhi. According to a report published in Business Standard, Reliance Big Entertainment and Universal, a unit of General Electric's NBC Universal, [...]

Credai Kochi to Organise Kerala Property Expo 2010 from August 6-8

Posted: 04 Aug 2010 02:20 AM PDT

Kochi is organising the new edition of Kerala Property Expo 2010 on August 6-8 at Marine Drive, Kochi. One of the biggest and finest of property shows in Kerala, the Property Expo seeks to offer a unique platform for Kerala's property developers and builders. During the exhibition, a host of developers in Kerala would showcase [...]

29 pc Slump in Realty Focused PE Funds

Posted: 03 Aug 2010 08:24 AM PDT

Money raised by realty focused private equity funds tanked to a six year low of USD 7.3 billion across the globe in April-June period of this year as institutional investors remained hesitant about committing capital. According to a report by global research firm Preqin, “this was the lowest quarterly fundraising total since Q3 2004, when [...]

Ashiana Housing Reports 32% Rise in Q1 Net Profit

Posted: 03 Aug 2010 08:21 AM PDT

Real estate firm Ashiana Housing Ltd today reported a 32 per cent rise in net profit at Rs 11.71 crore for the quarter ended June 30 against Rs 8.9 crore in the year ago period. The revenue grew by 47 per cent to Rs 42.85 crore during the first quarter of this fiscal against Rs [...]

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