Tag: Fiscal Year

Unitech to announce telecom stake sale next week

October 24, 2008 – 2:50 am

Indian real estate firm Unitech Ltd will make an announcement regarding a stake sale in its telecoms business next week, Managing Director Sanjay Chandra told. Unitech was in talks to sell a stake in the telecom venture to Norwegian telecom group Telenor. Unitech is scheduled to announce its second quarter results on Oct 31. Chandra […]

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Omaxe Sees Financing Costs Up 300 Basis Points

July 30, 2008 – 6:35 am

Real-estate firm Omaxe Ltd sees borrowing costs rising by as much as 300 basis points this fiscal year as interest rates in the country rise. Executive Director Vipin Aggarwal said that the firm will raise 5 billion rupees in the year ending March 2009. A deteriorating sales environment for property companies may also weigh, he […]

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Sabarmati Project Is Coming Next Year

July 2, 2008 – 4:42 am

Real estate development at the eight hundred crore rupees Sabarmati River Front project is all set to begin by the end of this fiscal year. About 22% of the total 168 hectares of land reclaimed as part of this key landmark project will be open for developments in both commercial and residential segments. About 22% […]

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