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…
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…
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 …
Construction firm Unity Infraprojects today said it will develop two mixed-use housing projects aimed at middle-to-high income segments in Kolkata and Bangalore with an investment of around Rs 500 crore. “We have already acquired 37 acres of land in …
Real Estate Firm Oberoi Realty today filed for its initial public offer (IPO) with the market regulator SEBI through which it plans to raise an estimated Rs 1,500 crore. The city-based company has filed the draft red herring prospectus (DRHP) with the …
The micro-market of Nariman Point was among the few in the country where office space rentals fell over the last quarter in an otherwise stabilising commercial real estate market. According to a report by commercial real estate services firm CB Richard…
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 Rs 60 crore-acquisition of DLF-owned DT Cinemas by entertainment firm PVR Ltd is stuck over differences between the two firms, said two persons familiar with the matter. The deal has hit a roadblock with PVR not issuing shares on preferential basis…