The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Platform-style partnerships between global investors and Indian developers are expected to gain further traction over the next few years. This comes as institutional capital increasingly shifts from one-off asset acquisitions to scalable, long-term strategies.
Director of Unitech, Sanjay Chandra believes that with income levels and economy, both rising, the end-users or buyers are still there in the market and very actively still buying and does not expect any slowdown.
Sanjay Gupta, a 1988-batch IAS officer, has been appointed as the chief secretary of Himachal Pradesh amidst allegations of corruption, sparking controversy and criticism from opposition parties.
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
Lodha Developers plans to generate approximately 10,000 crore in sales over the next three to four years by monetising about 150 acres of land at its data centre park in Palava, part of the Mumbai metropolitan region (MMR). This strategy is a planned recurring pillar of their business, funding the build-out of 1 gigawatt of powered shell capacity and aiming for over 2,000 crore in annual rental income by FY32.
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
Urban ministry changes rule before public consultation by environment ministry
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
From Ajnabee to 2.0, Akshay Kumar has had plenty of fun playing the bad guy, but which of his villainous turns is truly khatarnaak?
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next 10 years.
We map the areas with great prospects for price appreciation in the six metros of Delhi & NCR, Kolkata, Hyderabad, Chennai, Bangalore and Mumbai.
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.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
The Enforcement Directorate has launched a money laundering investigation into the alleged embezzlement of 590 crore from Haryana government accounts held with IDFC First Bank, conducting searches across multiple locations.
Kabul Chawla's company in India is facing the ire of consumers.
India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.
A real estate businessman from Bengaluru was found dead in Tamil Nadu a day after being allegedly kidnapped. Police have arrested a suspect believed to be the mastermind behind the crime.
A real estate businessman from Bengaluru was found dead in Tamil Nadu a day after being allegedly kidnapped. Police have arrested a suspect believed to be the mastermind behind the crime.
A real estate businessman from Bengaluru was found dead in Tamil Nadu a day after being allegedly kidnapped. Police have arrested a suspect believed to be the mastermind behind the crime.
The BSE Realty Index is on a downhill journey.
New law could pose challenges of cost escalation, increased paperwork, fear developers.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
The Reserve Bank of India on Thrusday ruled out any concessional finance to developers and units in these zones, saying they should be treated on par with real estate projects.\n
The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.
Here is what influenced the realty picture of Kolkata in the 2016's first quarter that just went by:
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
The Government today said it has not directed public sector banks to cut exposure in real estate following the housing-finance bribery scam. "No why should we say this," Financial Services Secretary R Gopalan told reporters when asked if the government has given such directions to the state-run banks.
Real estate is largest employer after agriculture and is slated to grow at 30% over the next decade.
The bill would prohibit unaccounted money from being pumped into the sector and as now 70 per cent of the money has to be deposited in bank accounts through cheques.
Real Estate: Rejoices on cut in personal tax, 80IB (10) extension and interest subvention
