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…
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…
Investors are more likely to choke on a glut of India property IPOs set to hit the market this year than gobble them up. Even though Godrej made a strong debut this month in the first Indian property listing in two years, IPOs of other developers could…
Sobha Developers, which was in talks with Shriram Properties for the sale of around 400 acres in four cities, is learnt to have called off its negotiations following differences over price. While Sobha confirmed that talks have been called off, it did …
New-Delhi-based Parsvnath Developers is in the process of raising Rs 100 crore by way of refunds from various state governments due to cancelled or stalled projects. The developer wants to monetise the delayed projects since it sees no possibility of g…
The recent Supreme Court ruling on the “forest land” matter has triggered a frenetic activity in the realty sector in some of the Mumbai’s prominent suburbs. Though the interim ruling on January 13 does not allow resuming construction, developers…
After a lull last year, demand for commercial property is steadily rising. Realtors and developers feel market conditions should return to normal, although no one knows how long it will take. “It is definitely en route to revival. There may not be ma…
Recession-hit Indian real estate sector is crawling towards recovery with the return of end-users as well as institutional investors in the market, consultancy firm Ernst & Young has said. “The real estate sector is generally looking positive now. En…
The country’s largest real estate developer, DLF, sold apartments worth Rs 1,000 crore in December. This is the highest monthly sale the company has recorded in its history. There are many developers like DLF who have seen a surge in the sale of apar…
Given the affable atmosphere and right policies, the Confederation of Real Estate Developers’ Association of India (Credai) believes the real estate sector in the country could contribute around 3-4 per cent towards India’s GDP. Credai Vice Preside…