Tag: Debt

India Steel selling off its 2 acre plot

September 14, 2010 – 11:18 am

India Steel Works plan to sell its 2 acre plot in Navi Mumbai. Firm has thought of this step in order to unlock value from its real estate. Also, in order to use the proceeds to reduce its debt by half. The Executive Chairman of India Steel Works’, Mr. Ashwin Gupta informed media that they […]

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Sale of non-core assets is DLF’s Plan

May 17, 2010 – 11:07 pm

DLF, India’s leading real estate developers, plan to raise an amount of Rs. 2700 cr. this financial year by selling non-core assets in order to reduce its debt of over Rs 16,421 cr. by about 33%. The realty giant plans Rs. 5000 cr. to be cut from its debt. Out of these, Rs. 2700 cr. […]

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DLF to sell more land and wind power business

July 15, 2009 – 2:28 pm

Debt-ridden realty player DLF said that it will sell more land and wind power business this financial year to raise Rs 1,900 crore and lowered the sales figure for flats. With a total debt of over fourteen thousand crore rupees to start the year 2009-10, DLF had been doing everything conceivable, including sale of promoters’ […]

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Realty Space To Gain From Real Estate MFs

May 1, 2008 – 7:48 am

The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI’s move to allow Real Estate Mutual Funds, says global consultancy giant KPMG. Mr. Jai Mayani, KPMG’s Executive Director and real estate head in India, said, […]

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