Property News from IndianRealtyNews

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Godrej Properties all Set to Post Videos of Upcoming Projects on YouTube

Posted: 30 May 2011 07:00 PM PDT

Godrej Properties, the real estate development arm of Godrej Group, has launched its YouTube Channel with an aim to offer viewers an easy access to videos of its upcoming and ongoing projects pan-India. Walkthroughs of projects including apartments will be posted to highlight various amenities and facilities that the project would provide thus giving viewers [...]

Godrej Properties Plans to Post Videos of Upcoming Projects on YouTube

Posted: 30 May 2011 06:50 PM PDT

Godrej Properties, the real estate development arm of Godrej Group, has launched its YouTube Channel with an aim to offer viewers an easy access to videos of its upcoming and ongoing projects pan-India. Walkthroughs of projects including apartments will be posted to highlight various amenities and facilities that the project would provide thus giving viewers [...]

Hospitality Sector’s Profitability Goes UP

Posted: 30 May 2011 06:13 PM PDT

“Nationwide occupancy in 2010-11 was 68%, which matches the occupancy levels of 2007-08,” says Kaushik Vardharajan, MD of the hospitality industry consulting firm, HVS Consulting & Valuation Services. What’s more, revenue per available room, which indicates a hotel’s profitability, grew 10.7% in 2010-11. Nationwide revPAR had dropped by 14% and 11.6% in 2008-09 and 2009-10 [...]

Struggling with 2G Scam DB Realty Defers Announcement of Financial Results

Posted: 30 May 2011 05:57 PM PDT

With its promoters facing probe in the 2G telecom scam, DB Realty has deferred the board meeting to announce the financial results for the year ended March 31, 2011, citing delay in the audit process and consolidation of the financial statements. On May 21, the company had announced the board meeting would be held today [...]

Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

DFL to Collect Rs 7000crore via Sale of Developed Properties

Posted: 29 May 2011 06:50 PM PDT

In a significant shift in strategy, DLF plans to sell developed properties, including five IT parks and its hotel business, hoping to mop up 7,000 crore in the next two years and reduce its burgeoning gross debt of 23,990 crore. At 10:36 am, shares of DLF were trading 2.20 per cent up at Rs 230.15 [...]

Unitech Reports 15.91% fall in Net Profit

Posted: 29 May 2011 06:45 PM PDT

Unitech Ltd, the second largest real estate firm after DLF, reported a 15.91 per cent fall in net profits to Rs 567.25 crore for the year ended March 2011 even as its total income increased 9.18 per cent to Rs 3292.12 crore, Unitech revealed in its consolidate results for FY11. Unitech did not disclose results [...]

Godrej Properties comes up with Premium Designer Housing Project at Bengaluru

Posted: 29 May 2011 06:30 PM PDT

Godrej Properties Ltd, the real estate development arm of the Godrej Group, launched its premium designer row housing project named Godrej Crest at Hebbal, Bengaluru on the Airport road. Godrej Crest is developed over nearly 50,000 square feet of plot and offers 17 exclusive row houses ranging between 5,000–6,500 square feet. Milind Korde, managing director, [...]

20% Decline in DFL’s Sales Volume: Company sold 10million SQFT Area this Fiscal

Posted: 29 May 2011 05:55 PM PDT

The country’s largest realty firm DLF has sold 10 million square feet area worth Rs 6,658 crore in the housing segment during the last fiscal, lower by 20 per cent than that sold in the previous year. The company, however, said that the average sales realisation was higher by 14 per cent in 2010-11. “…10 [...]

Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

JP Morgan Invests $30million into Parsvnath Developer’s Residential Project

Posted: 26 May 2011 07:28 PM PDT

JP Morgan has invested $30 million in Parsvnath Developers’ residential project La Tropicana coming up in the Civil Lines area of New Delhi. The deal includes an additional funding for the real estate group through JP Morgan’s local NBFC in India. According to a source close to the development, part of the funds raised [...]

Mumbai Based Patel Realty Plans to Launch Projects worth Rs 300 cr

Posted: 26 May 2011 06:35 PM PDT

Patel Realty India Ltd, a wholly-owned subsidiary of Mumbai-based publicly-held Patel Engineering Group, plans to launch 3-3.5 million sq ft of projects valued around Rs 300 crore during the present financial year across the country. Presently, around 7 million sq ft of real estate space is under construction across verticals like residential, commercial and retail [...]

Chennai Based Yuga Homes Announces Launch of Rs 200 crore Residential Project

Posted: 26 May 2011 05:58 PM PDT

Yuga Homes Ltd, a Chennai-based real estate development firm, has announced the launch of its Rs 200-crore residential project, Alta Vida, located on Old Mahabalipuram Road (OMR). The company is planning to complete development of 1.6 million square feet with a project cost of Rs 600 crore in next five years. The first phase of [...]