Omaxe Ltd., a premier real estate development company in India today reported Consolidated Net Sales of Rs. 280.20 crore for the quarter ended December 31st 2009 as compared to Rs. 1.8bn for the quarter ended December 31st 2008, registering a growth of…
Real estate company Vatika Group plans to raise up to Rs 1,000 crore from an initial public offering (IPO) in May by selling around 20% stake, joining a parade of developers looking to wriggle out of the slowdown-induced IPO drought. The company will f…
A parcel of land close to the Bandra-Kurla commercial hub in Mumbai has been put up for sale again by the Railway Land Development Authority (RLDA). The reserve price of the 45,371-square-metre plot was last pegged at Rs 3,960 crore. This is the fourth…
DLF Ltd, the largest real-estate developer in the country by market value, is looking at raising Rs 1,250 crore by exiting projects, selling land plots and a refund from the Haryana government. The company said it is looking to divest assets at fair ma…
Mumbai-based real estate company DB Realty Limited, has received bids for Rs. 270 crore towards the Anchor Investor Portion of its IPO which opened today. The anchor investors to whom equity shares have been allocated pursuant to the Offer include Janu…
India’s largest real estate firm by market value, DLF Ltd, will be able to raise only half of the targeted Rs5,500 crore this fiscal—by selling assets that are not central to its business of developing property. DLF is selling non-core assets to re…
Anil Dhirubhai Ambani Group company Reliance Big TV today said it has reached deals with real estate developers to market its Direct-To-Home television services in their residential building projects. The company has signed multi-dwelling units (MDU) a…
Despite a substantial jump in revenue, India’s largest real estate company DLF posted a 30% decline in net profit to Rs 468 crore for the quarter ended December 31, 2009, compared to Rs 671 crore from a year-ago period. This is primarily due to subst…
Fitch Ratings in a Special Report, said that its 2010 Outlook for the Indian real estate sector remains Negative; however, the sector could exhibit signs of stability by the second half of the year. Fitch notes that the fundamentals of India’s real e…
Shares in DLF Ltd, India’s top listed real estate firm, rose more than 3 percent on Thursday after it reported a sequential rise in quarterly profit, signalling a recovery in the realty market was gaining momentum. DLF said late on Wednesday consolid…