After its Rs 462-crore (Rs 4.62 billion) initial share sale, the real estate developer Godrej Properties on Tuesday said it plans to raise around Rs 3,000 crore (Rs 30 billion) through debt or equity to fund its expansion plans over the next two-three years.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
Indian real estate developers, enjoying boom times, want your capital.
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
'For them life is very difficult since there has been no universalisation of PDS.' 'And let's understand that there are people who need ration instead of cooked meals.'
The central probe agency is looking at Kundra's purported dealings with Ranjeet Bindra and a firm called Bastian Hospitality in connection with this case.
Developers are battling sales slowdown due to rising interest rates and tighter lending norms, spurt in input costs and a lending squeeze from banks hurts.
Lenders, with Rs 600-cr exposure to telco, want it to sell properties to repay loans.
Real estate portals in India are on a roll, despite the relative slump in the market.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
Office space rentals in India are expected to fall up to 20 per cent in the next three quarters, with key cities like Delhi and Mumbai slated to witness a sharp decline of 50 per cent.
After Rs 1-lakh people's car Nano, the Tatas have unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.
After Rs 1-lakh people's car Nano, the Tatas on Wednesday unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.Tata Housing, the real estate development arm of the Tatas, will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.
A forecast by this international real estate consultancy suggests that 'in Mumbai, rentals will fall for some more months and bottom out in the second half of next year, while in the national capital region, rents may bottom out in the second half of the current financial year in most areas.' In both metros, the correction in rents would be between 40 to 60 per cent by the first half of next year of their peaks in 2007-08.
As many as 26 of 50 urban hubs across the country have shown a moderate upturn in housing prices between December 2016 and March 2017
Indian Railways under Piyush Goyal has chalked out a new plan for station redevelopment. Railway stations in 15 cities may soon offer residential apartments.
Infra experts say govt will first need to figure out how to exploit real estate along the proposed routes.
The Express group is expected to get around Rs 500 crore (Rs 5 billion) from the deal.
Tatas' drive into Sanand area for their Nano project has given a major fillip to Mumbai-based real estate major K Raheja Corp to set up its support infrastructure projects in the area.
TSI Ventures (India), a real estate joint venture between US-based Tishman Speyer and ICICI Venture, is planning to invest over $1 billion (about Rs 4,600 crore) in next 8-10 years to develop commercial and residential properties in the country.
Many companies and their executives are seeking solace from new-age motivational gurus.
The Enforcement Directorate, probing the case, has claimed Yusuf had assisted Mirchi in buying properties in India using money earned through illegal activities.
Leading property developers have made offers for this prime property, which real estate industry sources suggest could fetch Fiat more than Rs 300 crore (Rs 3 billion).
Mumbai-born real estate developer Sunil Puri, like the other Obama delegates from Illinois, Ann Lata Kalayil and Selma D'Souza, has also known Barack Obama long before his run for the United States Senate in 2004 'through mutual friends who are also state legislators'.
Emerging out of the ED grilling in Mumbai, Rohit Pawar denied any wrongdoing and asserted struggle was imminent in fight for ideology while declaring he wasn't scared.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Mumbai's Bandra Kurla Complex (BKC), which houses the offices of some of the biggest banks in the country, however, slipped to 26th position from the 16th position.
Almost all the big mall developers/investors - such as Raheja-owned Inorbit Malls, Xander-APG joint venture Virtuous Retail South Asia (VRSA), property developer Prestige Estates Projects, and Blackstone-owned Nexus Malls - are looking to double their space in a year or two.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
For instance, in the last quarter of the previous financial year, Emaar MGF sold 650 flats, priced at Rs 48-80 lakhs (Rs 4.8-8 million), in its Gurgaon project within a day of launch.
Genesis Colours, popular for its high-end fashion label Satya Paul, is in advanced negotiations with Moet Hennessy-Louis Vuitton for bringing luxury apparel and perfume brand Kenzo to India.
Apartment prices at Planet Godrej, a premium residential property developed by Godrej Properties in the tony Mahalaxmi area of Mumbai, had come down to as low as Rs 17,000 to Rs 18,000 a sq ft in the property market slowdown last year.
Rentals of retail space in these seven cities showed a mixed trend, according to CBRE's 'India Retail Market View' report for H1 2014 on the status of organized retail real estate spaces in the country's leading cities.
Most of these projects were launched between 2008 and 2010
The demand for affordable housing is 535,400 units.
Indiabulls Properties, the real estate arm of Indiabulls Financial Services, is planning to file an appeal in the Supreme Court against the Bombay High Court order setting aside the sale of land owned by National Textile Corporation in Mumbai.
The report is based on data collated from 5 large angel groups.
