January 13, 2009 – 1:21 am
Some of India’s largest real estate firms such as DLF, Unitech, Omaxe and Parsvnath that launched multiple projects at the peak of the real estate boom are now under pressure from buyers and investors who look to exit these projects. Already in a difficulty due to unavailability of bank loans and a fall in sales, […]
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Also tagged Allegations, Apartment, Bank Loans, Commercial Plots, Commercial Projects, Developers, Industrial Plots, Initial Deposits, Installments, Kolkata, Launch, Marg, Omaxe, Real Estate Boom, Unitech
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October 1, 2008 – 7:29 am
Real-estate firm Parsvnath Developers Ltd said on 30 september that it expects revenue of 2.10 billion rupees from a new housing project it launched at Dharuhera in the northern state of Haryana. The project, spread over thirteen acres, is likely to be completed by 2011, the company said in a statement. Earlier in the day, […]
September 6, 2008 – 6:24 am
BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year. According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional […]
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Posted in Property News
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Also tagged Bse, Developers, Domestic Financial Institutions, FIIs, Foreign Institutional Investors, Foreign Investors, Investment Companies, mutual funds, Real Estate Companies, Shareholding, Stake, Unitech Ltd, Uti
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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, Hotel Projects, Input Costs, Interest Costs, Private Equity Deals, Real Estate Developers, Real Estate Developers In India, S Central, Special Economic Zone, Unfinished Projects
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Touted as a entrance to Rajasthan, Bhiwadi, falling in Alwar district and bordering Haryana is a key industrial growth centre in the NCR with over 2500 operational industries. Bhiwadi enjoys huge location advantage with IGI Airport, New Delhi, just fifty five kilo meter away and Gurgaon forty kilo meter away. Being close to Delhi and […]
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Posted in Property News
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Also tagged Bhiwadi, delhi, Gurgoan, Haryana, Housing Projects, Housing Scheme, Industrial Corridor, Manesar, Mumbai, Real Estate Boom, Real Estate Developers
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Sobha Developers Ltd leading real estate company said on 02nd July it has sold forty percent stake in an forthcoming Bangalore project to Dubai’s Pan Atlantic LLC for ten million dollar. Sobha plans to develop a 1.7-million-sq ft residential township at the plot in south Bangalore. A senior company official said the present value of […]
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Posted in Property News
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Also tagged High Interest Rates, India Real Estate, Indian real estate, Lehman Brothers, Mumbai Market, Private Equity Deals, projects, Real Estate Company, Real Estate Fund, Real Estate Sector, Saffron, Sobha
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MUMBAI – Real estate firm Parsvnath Developers Ltd has sold thirty percent stake in a Mumbai project to foreign funds for 1.86 billion rupees, the company said in an announcement on Thursday. Shares in the company hit a high of 217.65 rupees on the news, and were trading 4.57 % higher at 216.30 rupees. Parsvnath […]
