Delhi property market scores on top-of-the-mind recall value
Vibrant cities for vibrant economy-II By: Track2Media Intellisearch Delhi-NCR has…
Author Track2Realty
Track2Realty
Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg
Godrej Properties to raise Rs 600 cr
Godrej Properties Limited, the real estate arm of the Godrej Group, is planning to raise Rs 500-600 crore through the institutional placement programme (IPP). The move is aimed at reducing its outstanding debt, which is around Rs 2,000 crore.
Hospitality industry hobbled by land costs, taxes, delays: CII
High real estate costs, lack of any tax incentive and bureaucratic hurdles are huge problems for the growth of the hospitality industry that is one of the country’s top job earners, a survey has revealed.
Funding limbo in Indian realty a major challenge
India is the ninth largest construction market in the world according to a Global Construction 2020 report by Oxford Economics. Growing at an estimated cumulative annual growth rate of 8.9%, it is expected to become the third largest market by 2020 and is globally acknowledged as an extremely lucrative business opportunity.
Adani family keen to hold real estate business
Immediately after Ahmedabad-based power, port and mining company Adani Enterprises Ltd (AEL) decided to part with its real estate business a day ago, the Adani family clarified that they are keen on retaining Adani Infrastructure Development Pvt Ltd (AIDPL).
DLF Q3 net profit down 31% at Rs 258 cr
DLF, India’s largest real estate firm by market cap, reported a profit after tax of Rs 258 crore in the October-December quarter of FY12, a massive fall of 30.65% as compared to Rs 372 crore in the previous quarter.
More than real estate destinations
Traditional real estate study ranks cities in terms of demand-supply of inventories, absorption across the asset class and price appreciation & correction.
Purvankara posts strong 9M FY12 results with 31% YoY increase in revenues; EBITDA margin improves 300 basis points to 26.4% in Q3FY12
Purvankara Projects has recorded 31% increase in consolidated revenues to INR 5,825 Million for the 9-month period ended 31 December 2011 compared to INR 4,440 Million for the nine-month period ended 31 December 2010.
Godrej Properties announces the launch of its first project in Chennai
The Mumbai-based Godrej Properties, the real estate development arm of the Godrej Group, announced on Friday, Feb 10, the launch of its first residential project, Godrej Palm Grove, in Chennai.
Home buyers expect EMI burden to ease after CRR cut by RBI
When the Reserve bank of India was announcing the CRR rate cut by 50 base points, the house wife Sugnadha Dubey, glued to TV news channels, couldn’t resist the temptation to call up her husband to know whether the EMI burden on this middle class home owner is going to ease out from next month. With no background of the world of financial jargon, her husband could only assure her with a wishful thinking.