Property News from IndianRealtyNews |  |
- Parsvnath Reports 19.04% fall in Consolidated Net Profit
- Higher Lending Rates will Adversely Affect Real Estate Sector: DLF
- 15% Fall in Puravankara’s Q1 Profit
- Emaar Ready to Resolve Issues with Andhra Pradesh Infrastructure Corporation
- Provogue Plans to Demerge Real Estate Business
| Parsvnath Reports 19.04% fall in Consolidated Net Profit Posted: 11 Aug 2011 07:56 PM PDT Real estate developer Parsvnath has reported 19.04 per cent fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project. Meanwhile, the company’s board has approved to raise Rs 2,000 crore through issue of securities in the next 12 months. Parsvnath had [...] |
| Higher Lending Rates will Adversely Affect Real Estate Sector: DLF Posted: 11 Aug 2011 06:51 PM PDT Realty major DLF’s chairman KP Singh said the real estate sector will be affected adversely if lending rates for home loans do not come down to a moderate level. “It is not because of the global problem but the internal problem which is interest rate,” Singh told reporters when asked about the impact of financial [...] |
| 15% Fall in Puravankara’s Q1 Profit Posted: 11 Aug 2011 05:58 PM PDT Real estate company Puravankara Projects saw a 15 per cent decrease in its consolidated net profits, to Rs 31.14 crore (Rs 36.69 crore) in the quarter ended 30 June 2011. The company’s revenues however grew 64 per cent to Rs 190.45 crore (Rs 116.29 crore). In a BSE listing, Purvankara said it plans to launch [...] |
| Emaar Ready to Resolve Issues with Andhra Pradesh Infrastructure Corporation Posted: 11 Aug 2011 05:55 PM PDT A day after the Andhra Pradesh High Court ordered a full-fledged CBI inquiry into the alleged irregularities in the land dealings of Emaar Properties, the Dubai-based company said it is ready to resolve issues with the Andhra Pradesh Infrastructure Corporation “amicably”. Based on a petition filed by state Handlooms and Textile minister P Shankar Rao seeking [...] |
| Provogue Plans to Demerge Real Estate Business Posted: 11 Aug 2011 05:52 PM PDT Apparel firm Provogue India said it would demerge its real estate business into a newly incorporated entity. As a part of a corporate restructuring plan, the company will also merge its subsidiary Prozone Enterprises with the new entity. The proposed restructuring was discussed at the meeting Provogue’s board of directors on Thursday. “The company authorises [...] |
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