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…
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…
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…
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…
LS Retail has chosen Gurgaon based Dynamic Vertical Solutions (DVS) to be its ‘Retail Centre of Excellence’ in India. The proposed retail centre is an initiative to provide retailers of all sizes insights into usage and application of cutting edge …
Large business families in the US, Europe and West Asia are increasing their allocations to private equity funds focused on India, reposing their faith on the India story at a time when traditional investors in such funds are refraining from committing…
According to survey conducted by Association of Foreign Investors in Real Estate (AFIRE), India is 3rd behind China and Brazil to attract foreign investment in real estate. China is heads and shoulders above the others as the preferred country for Fore…
The domestic investment announcements of India Inc. registered a growth of 16 per cent during the calendar year 2009 over 2008 with Gujarat garnering a lion’s share followed by Orissa and Andhra Pradesh in domestic investment plans during the period …