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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
Haryana's Indian Administrative Service officer Ashok Khemka, who blew the lid on the deals between Robert Vadra and DLF, has accused the state government of victimising him and sitting over his performance appraisal report for the period 2012-2013.
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
It was bumper-to-bumper traffic at many spots in Gurgaon.
The Delhi government has been directed to respond to a cricket board plea challenging a notice asking it to pay entertainment tax on the money received so far from the sponsors for the IPL and T20 matches held since 2008.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
Bigger companies are signing equity JVs with global investors.
Yes Bank CEO's daughter Radha Kapoor -- the woman who brought New York's iconic Parsons School of Design to India -- now brings French luxury label Longchamp to Indian shores.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
Few top honchos of India Inc did very well in 2014.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
The board would take a decision on these applications on February 20.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
Analysts say worst seems over but RBI's helping hand needed in form of rate cuts.
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
The home rental market is facing a slowdown.
If Aldo, Charles & Keith, Hush Puppies, Steve Madden can do it, why can't Woods?
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
The Enforcement Directorate moved a special court in Mumbai on Monday seeking issuance of a non-bailable warrant (NBW) against former Indian Premier League chief Lalit Modi in alleged money laundering case registered against him.
Increase in service tax would make properties costlier to buyers.
Real estate biggies unhappy with status quo on RBI rate cut.
They sought further cut in interest rates as well as reforms.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.
Sales have picked up in the past few days for retailers in the apparel and consumer durables segments.
Demand for Grade A office space is rising across the country.
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
Manavi Kapur visits Worldmark in New Delhi's Aerocity, which promises to become the state's ultimate foodie destination.
Though the developments are positive, analysts say the benefits will accrue only in the long run
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
Feel the pinch of predatory pricing by e-tailers
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