Property News from IndianRealtyNews |  |
- Increased Focus towards Affordable Housing Dips DLF’s Profit Margin
- Railway Decides to Cash in on its Real Estate-Plans to Lease Prime Land in Delhi
- Omaxe to Raise 400cr through Sale of Stakes
- Supply and Demand Gap Narrowing in Commercial Real Estate Segment
- 5% Fall in DLF’s Q2 Consolidated Net Profit
| Increased Focus towards Affordable Housing Dips DLF’s Profit Margin Posted: 10 Nov 2010 11:00 PM PST Increased focus on affordable housing over luxury has dented profitability of DLF, the country's largest real estate firm. The company's consolidated net profit declined 5% at `418 crore for the quarter ended September 2010 over the year-ago period. Low pricing of affordable housing has helped it bolster revenue by 39% to `2,510 crore in the [...] |
| Railway Decides to Cash in on its Real Estate-Plans to Lease Prime Land in Delhi Posted: 10 Nov 2010 10:56 PM PST Sitting over vast tracts of prime plots across the country, the railways has finally decided to cash in on its real estate. The ministry is now looking at earning Rs 1500 crore to Rs 2000 crore by leasing out its prime land 15.5 hectare in Sarai Rohilla in north Delhi for 90 years. This is [...] |
| Omaxe to Raise 400cr through Sale of Stakes Posted: 10 Nov 2010 10:52 PM PST Real estate developer Omaxe is planning to raise about Rs 400 crore through a stake sale to institutions, which is expected to be launched by January, a top company official said on Wednesday. “It’s (the proceeds) not much required for corporate purposes. Yes, it’s definitely required for retiring our debt,” Chairman and Managing Director Rohtas [...] |
| Supply and Demand Gap Narrowing in Commercial Real Estate Segment Posted: 10 Nov 2010 10:48 PM PST Demand for commercial real estate has not shown improvement in line with the residential segment in the past one year and has continued to reel under the pressure of oversupply across India, but improved economic activity has now started narrowing the gap between supply and demand in this segment. However, sustainability of the momentum is [...] |
| 5% Fall in DLF’s Q2 Consolidated Net Profit Posted: 10 Nov 2010 10:43 PM PST DLF Limited, India's largest real estate company, said on Thursday its consolidated net profit fell 5 percent to 4.18 billion rupees for the second quarter as compared to 4.4 billion rupees for the same quarter last year. Total income has increased to 25.20 billion rupees for the Q2 as compared to 18.10 billion rupees to [...] |
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