The IPO lane will continue to be busy in December as 10 companies have lined up initial share-sale plans worth more than Rs 10,000 crore, merchant banking sources said on Wednesday. Moreover, the initial public offerings of Star Health and Allied Insurance and Tega Industries are currently open for public subscription. This comes after 10 firms successfully concluded their initial public offerings (IPOs) in November. Among the companies that scheduled their IPOs in this month include RateGain Travel Technologies, travel and hospitality technology services provider, and Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi.
Companies are either taking small government projects alone or bidding for larger ones with consortium partners. The companies, which had 18-75 per cent of their order books in property development, say they are facing payment delays of 20-90 days from some of the private developers, blocking their working capital requirements. Some of them take a week's advance payment from developers to execute their projects.
'We were taking the Starbucks experience from the store to the home.'
Tata Housing to take up around 13 projects for constructing homes for the old.
Sotheby's International Realty was founded in 1976.
The logistics segment is becoming a hot favourite of private equity, of late.
Offers 12.60% in revenue share to Cidco, while only other bidder GMR offered 10.44%.
The major cause of the floods in Mumbai in 2005 and in Chennai in 2015 has been the reclamation of reservoir areas and rapid, unplanned, urbanisation.
Its effort to stave off bankruptcy by selling spectrum to Reliance Jio got scuttled after the long legal and government delays for approvals.
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As home deals are down to a trickle, most are looking at life beyond broking.
Realty FII norms, which were recently put outside the purview of Press Note 2 (2005), are vague about pre-IPO investments.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
Looking at Salman's party pictures.
Given that some reputed builders are also present in this segment and the cheap rates, does affordable housing make a good investment option?
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
Speculators often leveraged volume discounts on property purchases to re-sell them at prices lower than those available to individual buyers. This created problems for realtors when demand slowed, since it put pressure on them to take a hit on margins and lower prices still further. The lock-ins are expected to be introduced mostly for mid-income projects that offer prices 20 to 30 per cent below the market and, therefore, attract more undercutting from bulk discount buyers.
'If we keep losing such institutions, we will soon become a city and culture of short-term memory.' 'Nothing to remind us of the years gone by and eventually with nothing to remember.'
With the latest relaxation on withdrawal, more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance, the RBI said.
Patel has already been questioned by the ED in an another money laundering case linked to the aviation scam.
The Kushan Pal Singh-led realty major has halted construction work on nearly 16 million sq ft of office and retail mall space out of the 62 million sq ft of planned construction. In the office space, the developer has stalled construction on nearly 12 million sq ft of office space out of the 36 million sq ft of space being planned.
The central government, in its typical sledgehammer style, has unleashed the might of its investigative agencies like the Enforcement Directorate against NCP and Shiv Sena leaders.
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.
The plea, filed by Delhi-based Bejon Kumar Misra, said the Centre and RBI should be directed to ensure complete insulation and insurance of the hard-earned deposited money of people in various co-operative banks, including nationalised banks, by enacting an appropriate measure of 100 per cent insurance coverage towards the deposited amount.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
Meet Anand Kumar, a government clerk who transformed into a real estate and hospitality baron.
The arrest of Shiv Sena MP Sanjay Raut in a money laundering case by the Enforcement Directorate (ED) was "illegal" and a "witch-hunt", a special court in Mumbai said on Wednesday while granting him bail in the Patra Chawl redevelopment matter.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
India's limited-overs skipper Mahendra Singh Dhoni has offered his support to Amrapali residents protesting in wake of the company's failure to complete the project, saying that promises made to the people should be met, irrespective of the problems being faced by the real estate group. The first phase of project 'Sapphire', launched in 2009, at Noida Sector 45 has been completed, but civil and electrical work in many towers is yet to be done. Amidst the chaos, Dhoni received outbursts among the Amrapali residents, who took to social media asking the skipper to disassociate himself as its brand ambassador. "At times you have situation where the expectation levels are not met. It is something that keeps on happening. So we will see what can be done. We will get in touch with Amrapali people and see what exactly is happening. If you see the economy rate, it is quite tough for the builders as of now. But at the same time, whatever is promised irrespective of where they stand, I think it needs to be met," Dhoni, who is the brand ambassador of Amrapali, told the media here.
Housing sales jumped over 4.5 times year-on-year in April-June across eight cities to 74,330 units on lower base effect, while demand was up 5 per cent from the previous quarter, according to PropTiger data. Housing sales stood at 15,968 units in the April-June period last year and 70,623 units in the January-March quarter of 2022. The price of residential properties rose 5-9 per cent annually, driven by rise in input costs, inflationary pressures and premium attached with ready-to-move-in inventory. Pune and Chennai saw maximum appreciation at 9 per cent each.
The movie has garnered an estimated Rs 21 crore even before its release.
Leasing of office spaces witnessed a sharp uptick in the July-September period at 12.5 million square feet across top eight cities on better demand, especially from the IT sector, with economy coming back to normalcy and corporate workforces slowly returning to work from office, according to Knight Frank India. The gross absorption of office space stood at 4.7 million square feet in the corresponding period of the previous year and 3.6 million square feet in the previous quarter, according to Knight Frank's India Real Estate Update - Q3 2021 that was released on Monday through a video conference. The consultant noted that the total office transactions of the eight India markets in Q3 2021 have improved and reached 83 per cent of the 2019 quarterly average level.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
Maharashtra's "radical" lockdown move will have an economic impact of Rs 40,000 crore, with the trade, hotels and transport sector to bear the biggest dent, Care Ratings said on Monday. The rating agency said the loss of economic activity will have a 0.32 per cent impact on the gross value added (GVA) growth at the national level. It revised down its national GDP growth estimate to 10.7 - 10.9 per cent from the 11 - 11.2 per cent given a week ago. Maharashtra has been contributing nearly 60 per cent to the daily COVID-19 infections nationally and had over 57,000 new cases on Sunday.
Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
