Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Hit by Fall in Net Profit DLF to Hike Prices of Properties at Selective Locations

Posted: 25 May 2011 08:15 PM PDT

Hit by 19 per cent fall in net profit in the fourth quarter of 2010-11, realty giant DLF has said it will increase prices of its properties in selective locations to minimise the impact of rising input costs. The company also plans to launch 10-12 million sq ft of area this fiscal across the country. [...]

Emaar MGF in Talks to Sell Under-Construction 550-Flat Residential Complex Palm Drive to Tishman Speyer for Rs 1,200 crore

Posted: 25 May 2011 07:45 PM PDT

In the first real estate bulk deal in the National Capital Region, New Delhi-based realty major Emaar MGF is learnt to be in an advanced stage of selling its under-construction 550-flat residential complex Palm Drive in Gurgaon for Rs 1,000-1,200 crore to New York-based marquee realtor Tishman Speyer. For the beleaguered Emaar MGF, a joint-venture [...]

Govt to Amend Benami Transaction act

Posted: 25 May 2011 07:23 PM PDT

Women will be able to acquire assets in the name of their husbands without running the risk of the property being declared benami under the new Benami Transaction (Prohibition) Act. The government plans to amend the sections that deal with transactions carried out in the name of family members, Economic Times reported, citing a government [...]

DLF Q4 Profit Stands at Rs 345crores: Company Observes 19% Fall Due to Rising Costs

Posted: 25 May 2011 06:50 PM PDT

India’s top listed real estate developer DLF missed analysts’ estimates with a 19% fall in the fourth quarter profit due to rising costs. DLF’s net profit stood at Rs 345 crore in the quarter, compared to Rs 426 crore a year ago. Its revenues rose by 35% to Rs 2,683 crore from Rs 1,994 crore [...]

Shares of DLF Down to 2-Year Low

Posted: 25 May 2011 06:02 PM PDT

Shares of DLF hit a two-year low on Wednesday after the country’s biggest real estate firm’s fourth quarter net profit fell 19% to Rs 345 crore, further raising worries about the health of the sector. While the company’s January-March quarter revenues grew 34% year-on-year to Rs 2,870 crore, EBITDA fell sharply 26% y-o-y to Rs [...]

CHD Developers Ltd Reports 235% Growth in Net Sales

Posted: 25 May 2011 05:52 PM PDT

CHD Developers Ltd, one of North India's leading real estate companies, reported its all time highest net sales of Rs 86.11 crore for the quarter ended March 31, 2011, compared to Rs 11.21 crore of the corresponding period of last fiscal year, registering an impressive growth of 668%. Net Profit for the quarter stood [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

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

4.8% Drop in DLF’s Net Profit

Posted: 24 May 2011 07:36 PM PDT

India's largest real estate company, DLF Ltd, reported a marginal drop of 4.8% in its net profit for the year ending 31 March 2011. Company's consolidated net profit stood at Rs1,640 crore compared to Rs1,720 crore in FY10. The earnings per share for the year stood at Rs9.66 versus Rs10.13 in FY10. However, for the [...]

Fall in Office and Commercial Space Demand in Mumbai

Posted: 24 May 2011 06:50 PM PDT

Mumbai, India’s business capital, is witnessing a fall in demand for office and commercial space with transactions down by more than half since last year. Swanky office space in the heart of Mumbai, but it seems there are few takers. According to a Knight Frank India report, “office traction at a glance”, demand for [...]

AREIDA Urges Govt to Reduce Property Registration Fees

Posted: 24 May 2011 06:46 PM PDT

The Assam real estate and Infrastructure Developers Association (Areida) on Tuesday urged the new government to reduce registration fees while selling or buying property and reduce the duty fees to promote real estate business in the state. The people of the state have to pay 8.5 per cent registration charges, the highest in the country. [...]

Gurgaon Tops Registered Real Estate Agents List in Haryana

Posted: 24 May 2011 06:43 PM PDT

With 903 registered property dealers, Gurgaon has topped the list of districts in Haryana since the state started the registration of real estate agents. The registration of the dealers was started to make such intermediaries in the property business more accountable and responsible. Responding to a review meeting by the revenue secretary Naresh Gulati through [...]

ASK’s Chairman Forms New Real Estate Company ‘Pashmina Developers’

Posted: 24 May 2011 05:52 PM PDT

Asit Koticha, chairman of financial services firm ASK Investment Holdings Pvt Ltd, has floated a real estate company, Pashmina Developers, with an undisclosed investment from his personal funds.The Mumbai-headquartered venture aims to develop properties across India and has acquired land in Bangalore, Pune and Mumbai. Koticha will be Pashmina's chief investor. ASK Investment, named after [...]
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