Property News from IndianRealtyNews

Property News from IndianRealtyNews

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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 [...]

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