November 18, 2008 – 3:44 am
Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon […]
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Posted in Property News
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Also tagged Affordable Housing, Capital Expenditure, Crore, Development Sector, Divestment, Economic Scenario, Economic Summit, Estate Assets, Finance Market, First Hotel, Gurgaon, Hospital Chains, Hotel Business, Hotel Project, Hotel Properties, Housing Finance Companies, Housing Loans, Housing Market, Mahindra And Mahindra, Mahindra Group, Mid Market, Mr Chandra, New Houses, Ongoing Projects, Private Equity Funds, Private Equity Investor, Private Equity Investors, Rs 250, Target, Tie Ups, World Economic Forum
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A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block. A developer has put on the block a 200-room hotel project […]
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Posted in Property News
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Also tagged Akshay, Cushman And Wakefield, Foreign Hotel, Glamorous Hotel, Hospitality Business, Hospitality Sector, Hotel Business, Hotel Chains, Hotel Project, Hotel Room Rates, Knight Frank, Management Contract, Payback Period, Rajeev Menon, Realty Cos, Realty Firms
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Real estate firm Parsvnath Developers Ltd expects stake dilution in individual projects to help it control its debt and hold margins in a rising interest rate regime, a top official said. The New Delhi-based developer reported a 16% drop in first quarter net profit at 712.9 million rupees. Net sales were also disappointing, up just […]
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Posted in Property News
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Also tagged Basis Points, Cost Of Borrowing, Home Loans, Input Costs, Interest Costs, Parsvnath, Private Equity Deals, Real Estate Developers, Real Estate Developers In India, S Central, Special Economic Zone, Unfinished Projects
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Indonesian company Lippo Group declared that it is not discouraged by a slump in Asian property markets and increasing financing costs, and decides to invest ten billion dollar on projects and acquisitions over the next half decade. The group is aiming various kind of projects such as retail, residential, hospital and hotel projects, and also […]
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Posted in Property News
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Also tagged Asian Countries, Assets, Distressed Property, Downturn, Economic Cycle, Emerging Markets, Group President, Indonesian Company, Internal Resources, Lippo Group, Property Markets, Reits, Shopping Malls, Stephen Riady
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Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.
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Posted in Property News
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Also tagged Banglore, Cash Crisis, Four Star Hotels, Hospitality Project, Hospitality Sector, Hotel Companies, Hotel Group, Indian Ocean Region, Property Developers, Real Estate Developers, Real Estate Sector, Wyndham Hotel
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Mumbai, Apr 28 Real estate developers in India are planning alternative measures to reduce costs of construction by around 15 to 20% owing to the current hike in raw material inputs costs for construction, particularly, cement. Red Fort Capital, in association with Nagarjuna Constructions and DLF, has replaced the use of cement in residential and […]
