Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

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 [...]
No comments:

Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Govt to Keep Tight Vigil on End Use of FDI Inflows

Posted: 10 Nov 2010 02:46 AM PST

The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minister Pranab Mukherjee , has called for 'full disclosure' of FDI details by the industry. The department [...]

Brigade Announces Second Quarter Results

Posted: 10 Nov 2010 02:42 AM PST

Brigade Enterprises Limited, one of South India's leading real estate developers, has announced the unaudited results for the second quarter & half year ended September 30, 2010 (Q2). The total income for Q2FY10 stood at Rs. 1.24bn as compared to Rs. 855mn in Q2FY09; an increase of 45%. EBIDTA for Q2FY10 stood at Rs. 31.14 [...]

Wave Starts First Phase Allotment of its Ghaziabad Township Project

Posted: 10 Nov 2010 02:34 AM PST

As part of its commitment towards timely start and delivery of residential and commercial projects, Wave Infratech Pvt Ltd, part of Rs 2,500-crore industrial conglomerate Wave Inc (the erstwhile Chadha Group), has announced the commencement of the allotment of the first batch of applicants of its Wave Hi-Tech City, a high-tech township in Ghaziabad. The [...]

India Sees Growth in Real Estate Transaction Activity

Posted: 10 Nov 2010 02:29 AM PST

According to the latest RICS Global Commercial Property Survey (GCPS), property markets in emerging economies continued to outperform those in developed economies during the third quarter. Emerging markets that were relatively unscathed by the financial crisis are experiencing faster growth than developed economies such as the UK, Eurozone and US. Property markets in China, [...]
No comments:

Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

Property Price Correction Expected in Mumbai and Delhi

Posted: 09 Nov 2010 02:54 AM PST

Property prices in Mumbai and New Delhi are set to decline by almost 15 to 20 per cent in the next couple of months, according to an Indian real estate consultancy. "A correction is likely to happen in Mumbai and New Delhi property prices. We believe the fall could be in the range of [...]

Lemon Tree Planning Residential Apartments in Delhi-NCR

Posted: 09 Nov 2010 02:48 AM PST

The lucrative and fast growing affordable housing segment has attracted the attention of upscale Lemon Tree Hotels, which is looking to leverage its brand in the real estate segment. The company would spin a new entity for the realty venture to be called Lemon Tree Residences to focus on developing a million square feet of [...]

Developing Nations are the Most Lucrative FDI Destinations- ASSOCHAM

Posted: 09 Nov 2010 12:43 AM PST

Major developing economies like India and Saudi Arabia have emerged as the most attractive destinations for FDI after the global economic meltdown , industry body Assocham said today. “The FDI inflows into the developed countries registered a sharp decline of about 30 per cent in 2008, while the developing nations have experienced an increase of [...]

Obama Asks India to Lift Restrictions on FDI in Multi-Brand Retail

Posted: 09 Nov 2010 12:42 AM PST

President Barak Obama has asked India to lift its restrictions on the FDI on multi-brand retail. He explained that old concerns that small shopkeepers would be impacted ignore today's reality. "Going forward, commitment must be matched by steady reduction to barriers in trade and foreign investment from agriculture to infrastructure and from retail to telecommunications," [...]
No comments:
Subscribe to: Posts (Atom)