Out of the proposed 74 malls in key eight cities at the beginning of 2008, only 34 were delivered through the year, the study showed. Developers in the National Capital Region lagged the most with a supply of 4.7 million sq ft compared with the earlier target of 7.1 million sq ft. Developers may continue to restrict their supply, or go slow on retail space by a similar amount in 2009 across key major cities, the study showed.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
The NSE Nifty is at 5,148, up 82 points. The prominent gainers were HDFC Bank, Wipro, HUL, NTPC, Sterlite and Tata Power, up 1-2% each.
Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX)owing to the liquidity crunch in the global markets. Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts.
New services will bring the IPL to mobile phone screens.
The team, owned by Emerging Media, has been christened as 'Rajasthan Royals'.
India's fourth biggest realty company (by market cap) Indiabulls Real Estate (IBREL) on Tuesday said that it was planning to launch an initial public offering (IPO) for its property trust Indiabulls Properties Investment Trust (IPIT) on the Singapore Stock Exchange (SGX).
According to industry estimates, around Rs 8,000 crore of real estate projects covering over 40 million square feet are facing delays.
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash Associates, Jet Airways, Suzlon Energy and Idea Cellular. Realty majors DLF Ltd, Unitech, Parsvnath, Sobha Developers, Omaxe and Puravankara also plunged to their all-time lows.
India's C Muniyappa, an unheralded golfer from Bangalore, upstaged stars like Arjun Atwal to enjoy a share of the halfway lead in the US$1.25 million Hero Honda Indian Open on Friday.
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Some major property companies based in South India, such as Puravankara and Sobha Developers, are spreading their wings in the high-growth National Capital Region market.
Virender Sehwag of Delhi Daredevils is currently the best performing captain. Shane Warne of Rajasthan Royals and V V S Laxman of Deccan Chargers offer the next best value for money, partly because they carry smaller price tags than the other captains.
A day after the Board of Control for Cricket in India announced that players can be transferred for the second edition of the DLF Indian Premier League team, owners are already drawing up their wish lists.
Insurance Regulatory and Development Authority (IRDA) on Thursday said ten new players have applied for licences to enter into this fast growing sector.The Shriram group, Ranbaxy-promoted Religare Securities and real estate major DLF, have sought regulatory approval for entering the insurance sector, Muralidharan said.
The viewership numbers of the DLF Indian Premier League have thrown up a new trend that challenges conventional advertising wisdom. No less than 36 per cent of the television viewership for the first two matches played on April 18 and April 19 was contributed by women, according to TAM Media Research. All told, 8.2 million women in six metros (Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bangalore) watched cricket on television those nights, giving serials the miss.
Investors will maintain a cautious stance.
Kingfisher Airlines will be the Official Umpire Partner for the Indian Premier League and will also sponsor all third umpire decisions during the 59 action packed games in the Twenty20 tournament beginning next month.
World Sport Group India (WSG), the sports marketing partner of the Board of Control for Cricket in India (BCCI), is in talks with three more sponsors, one each from the banking, petroleum and airlines industries to sign deals worth $200 million (about Rs 800 crore) for ground sponsorship of the Indian Premier League (IPL) matches. These sponsors will have an opportunity to exclusively advertise their brands on the grounds for five years.
The meteorological department has forecast more rains through the day and relative humidity at 100 per cent in Delhi.
Move aimed at reducing tax exemptions ahead of Budget 2008-09.
Most IPL team captains need to be told that respecting your people is not some fuzzy new-age management fad.
It is curious that while 'low cost' medium and fast bowlers have performed almost as well as their 'auctioned' counterparts, 'low cost' batsmen have been unable to match the performance of their more successful seniors
Jeev Milkha Singh retained his 60th place to remain the highest ranked Indian golfer but compatriot Jyoti Randhawa slipped two rungs to 108 in the latest world golf rankings issued on Monday.
Shane Watson currently tops the list, with Adam Gilchrist in second place. Michael Hussey and Matthew Hayden are still in the top 10 although they played just four matches.
Commercials aired during the original show time will also be re-run without charging advertisers additional fee, said sources. In other words, an advertiser will get three times more air time on Star Plus for the same amount it had paid originally.
"We are looking at how we can bring back skill sets developed by Indians overseas," Rajiv Singh, vice-chairman of DLF, said in an interview with the Financial Times. "Our desire is to have a very highly motivated and trained labour force come back and work for us."
After the playing ground and television, the marketing of the DLF Indian Premier League has moved to cyberspace. Some of the teams have drawn up plans to beef up their web presence with new interactive features. GMR Holding's Delhi Daredevils team plans to introduce a 3D interactive feature on its portal for e-learning in sports.
Infrastructure and real estate prominently feature as wealth destroyers.
The consortium of Sony Entertainment Television and World Sports Group, which paid BCCI $60 million (Rs 240 crore) as the telecast rights fee for the first season of the Twenty 20 league has already recovered its money. Sony-WSG will together earn around Rs 380 crore (Rs 3.8 billion) worldwide from the league. Sony is confident of selling 11,800 seconds across 59 matches, at a premium. Vodafone, Godrej, Hyundai, Coca-Cola & Max New York and StanChart has already booked spots.
Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
India's booming real estate sector has more than doubled the number of billionaires from this space in just 12 months, with DLF's Kushal Pal Singh emerging "the world's richest real estate developer." Among 54 Indian billionaires identified by Forbes magazine, there are seven real estate developers with a net worth of over a billion dollar each.
Marylebone Cricket Club and the DLF Indian Premier League on Wednesday announced a ground-breaking partnership to support the MCC Spirit of Cricket initiative at the inaugural season of the highly anticipated league to be held across eight cities in India between April 18 and June 1. The pioneering agreement will see each of the eight Indian franchises sign an MCC Spirit of Cricket Declaration at the opening ceremony.
In a notice to the stock exchanges a few days ago, DLF declared that it was going to consider international acquisitions and investments in development projects abroad. Ansals API tied up with Malaysia's UEM Group to form a 60:40 joint venture company, Ansal Api-UEM Contracts Pvt Ltd, which could bid for government projects in Malaysia, as also projects worldwide.
Powered by surging markets, seven companies, Reliance Communications (R-Com) and stock market debutant DLF among them, have joined the Rs 1 trillion (Rs 1,00,000 crore) club in terms of market capitalisation. New entrants are hard-core engineering and mining companies like National Mineral Development Corporation (NMDC) and Bhel - both in the public sector - and L & T. Bharti Airtel, SBI and ICICI Bank are other entrants.
Dinesh Karthik topped the bidding in the fifth round of the players' auction in the DLF Indian Premier League after Delhi bought him for US $5,25,000 ahead of South African veteran Mark Boucher. Boucher, one of the top wicketkeepers in world cricket and renowned for his hard-hitting batting, was second-best in the fifth round after Bangalore purchased him for US $4,50,000 against his base price of US $2,00,000, the same as Karthik.
South African all-rounder Jacques Kallis stole the show in Round 4 of the DLF Indian Premier League players' auction with a winning bid of US $9,00,000 by billionaire Vijay Mallya's Bangalore franchise. Kallis, who was priced at US $2,25,000, beat West Indies' dashing opener Chris Gayle, who was bought by Kolkata franchise for US $8,00,000.
The Board of Approval on Tuesday cleared 10 special economic zone proposals, including three Mukesh Ambani-promoted IT zones in Navi Mumbai.
High lending rates triggered by Reserve Bank's tight monetary policy have tranquilized the country's property market, but demand will surge once rates dip, real estate firm DLF Ltd's chairman K P Singh said on Tuesday.
Designed in-house by Orra, a jewellery house that specialises in diamonds, the IPL trophy is pure bling.
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