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…
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…
Even as the domestic economy is showing clear signs of a pickup, the Indian real estate sector is not out of the woods yet as oversupply of residential and commercial projects will continue to haunt realtors for the next 12-18 months, DLF Limited chair…
The global rating agency Fitch on Wednesday warned that hardening of interest rates could jeopardise the prospects of the real estate sector in the coming months. “Any significant increase in property prices and a tightening monetary policy, could ha…
Rating agency Crisil has revised its outlook on the long-term debt and bank facilities of the country’s largest real estate company, DLF Ltd, to ‘stable’ from ‘negative’ with a rating of ‘A+’. The revision reflects Crisil’s expectation …