Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Nagarjuna Records 17.98 per cent rise in net profit

Posted: 13 Aug 2010 12:42 AM PDT

Nagarjuna Construction today posted a 17.98 per cent rise in net profit to Rs 56.22 crore for the first quarter of the current fiscal compared to the year-ago period. The company had a profit of Rs 47.65 crore in the same period a year ago. The leading construction firm had a net sales of Rs [...]

Zuri Group Looking at an Investment of Rs 1,200 crore to Expand its Presence in Hotel Industry

Posted: 13 Aug 2010 12:38 AM PDT

Zuri Group Global, the multinational conglomerate, has chalked out a multi-pronged expansion approach for its hotel chain, Zuri Hotels and Resorts, in India and abroad over the next five years. The company is looking at an investment of Rs 1,200 crore in the hospitality sector to set up its own brands and take up management [...]

VME Realty to Start Residential Project in Chennai

Posted: 12 Aug 2010 11:27 PM PDT

VME Group, which has its presence in the real estate market from more than two-decade with focus on infrastructure, especially highway and railway bridges, has now turned its attention on property development. Construction is about to begin on its maiden residential apartment project that will offer a total of 302 apartments through a mix of [...]

Realty firm Parsvnath Reports Two-Fold Jump in Consolidated Net Profit

Posted: 12 Aug 2010 11:25 PM PDT

Realty firm Parsvnath has reported an over two-fold jump in its consolidated net profit at Rs 31.82 crore on robust demand from its housing projects. The company had posted a net profit of Rs 13.81 crore in the corresponding quarter of the last fiscal. The total income during the first quarter also increased by [...]

Bombay Dyeing Focuses on Real Estate to Clear of Debt

Posted: 12 Aug 2010 11:20 PM PDT

Textile major Bombay Dyeing & Manufacturing Co may clear off its debt in the next few years with greater focus on real estate business, chairman Nusli Wadia has said. Bombay Dyeing's debt stands at 1,775 crore. "Debt has been a major concern and we will be close to becoming a debt-free company in the [...]

Vigneshwara to Launch Commonwealth City development Project in Gurgaon

Posted: 12 Aug 2010 11:14 PM PDT

Vigneshwara a leading Infrastructure developer has joined hands with Common Wealth Games as Official Licensee in the Real Estate category for Common Wealth Games, Delhi 2010. Vigneshwara is preparing to launch its first Commonwealth City development Project in Sector-74 Gurgaon in September 2010. For this, it plans to call the ambassadors, chief de mission [...]

Property Oversupply can Lead to another Real Estate Bubble

Posted: 12 Aug 2010 11:10 PM PDT

With India's real estate market brimming with new launches, investors need to exercise caution while choosing projects. Leading private equity investor Gaurav Dalmia , founder chairman of realty-focussed Landmark Holdings that is investing $225 million in specific projects, feels speculative buying can act as a downtrend. In an interview Dalmia tells why he feels some [...]

Birla Mills Plans Real Estate Development at its Delhi Land

Posted: 12 Aug 2010 11:02 PM PDT

K K Birla Group firm Texmaco Ltd looks set for a windfall from its real estate in Delhi. Texmaco chairmanSaroj Poddar told reporters, after the annual general meeting of the company, that it is hoping to develop over one million square feet in one of Delhi’s prime locations that belongs to Birla Mills. “We are [...]

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