The FY13 fourth quarter (Q4) earnings, however, fell short of analysts' expectation, as debt was still high at Rs 21,730 crore (Rs 217.3 billion), with much of the targeted non-core sales done.
With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
A farmhouse colony would be a cluster of 20-30 farmhouses, each with an area of 1-2.5 acres, spread over at least 100 acres.
The project will have 28 floors, with 324 apartments spread over 16 acres, and is likely to be announced in the next one or two months
Costs on the outskirts soar 50-100% through past year
At Rs 10-25 crore each, with star design and promotion, the segment is supposed to be recession-proof.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money.
The tie-up with IBM for Wave City, to be spread over 4,500 acres, is meant to provide information on traffic management through SMS alerts and billing usage.
With the recent Budget announcements, the sales in the affordable segment are expected to increase.
A day after the Budget, the industry estimates the sale of affordable homes could increase up to 20 per cent this year due to an additional exemption granted to first-time buyers.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Policy could end land acquisition and green nod problems, and encourage foreign investors.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
He says he's now confident of arresting its decline through various measures, including renewed focus on landline and mobile services, sorting out procurement problems and outsourcing unutilised space and tower management.
The telecom industry, with a cumulative debt of around Rs 2,75,000 crore (Rs 2,750 billion), has been mired in various controversies, besides facing intense competition, low tariffs and falling margins.
The Department of Telecommunications (DoT) expects to finalise the norms for mergers and acquisitions and spectrum sharing by the end of June. It also plans to approve the National Telecom Policy (NTP), 2012, by the end of July.
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
The paying capacity of telcos will not be the same over the next two decades. J S Sarma, chairman of the Telecom Regulatory Authority of India, says after the regulator recommended a high reserve price for the auction of 2G spectrum.
The paying capacity of telcos will not be the same over the next two decades. J S Sarma, chairman of the Telecom Regulatory Authority of India, says after the regulator recommended a high reserve price for the auction of 2G spectrum.
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