Unitech, one of the India’s leading integrated developers of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida. Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes […]
September 14, 2010 – 11:19 am
In India, it seems like real estate companies are following a different trend for compensating their top management. During 2009, many company CEOs took massive pay hikes, but now they have chosen to either forego their hikes, or at least take modest ones this year, when the sector is doing much better. Last year, CEOs […]
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Also tagged company ceos, Godrej Properties, Hdil, increment, new strategy, Puravankara Projects, Recession, salary levels, Sanjay, Sarang, Sobha Developers, top management
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After the success of ‘Affordable homes’, realtors are now moving towards the launch of luxurious housing. The demand for luxurious houses indicates that there is big scope for realtors there. With this increase in demand, many developers including Ansal API, Unitech, DLF, Emaar MGF etc are jumping into this business and plan to launch huge […]
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Also tagged Ansal Api, DLF, Emaar MGF, Gurgaon, Housing Projects, Hyderabad, luxurious houses, Realtors, Recession, shravan, single unit, Vice Chairman
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September 25, 2009 – 1:01 pm
The maximum demand currently is for 2BHK residential apartments and finally supply is following demand. Such has been the response that there are developers who claim as much as 55% of their inventories comprise two bedroom units. According to Atma Sharan, GM-Marketing, Ashiana Housing Ltd, “About 55-60% inventory would be 2BHK. This definitely is the […]
September 16, 2009 – 11:57 am
Unitech Developers are now concentrating on Kolkata. They present new stylish affordable residential apartment Unihomes at Kona Expressway Kolkata with lots of modern amenities. Unihomes offers one and two bedroom apartments that are suitable for contemporary urban living. A desirable and contemporary place within the reach of your pocket. Apartments Price is starting at eighteen […]
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’ […]
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, Parsvnath, Real Estate Boom
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December 30, 2008 – 3:49 am
Shares of real estate companies were up, but gave back a portion of early gains, as investors booked profits in choppy trades. Analysts said the spurts of strength in realty stocks in recent days can be attributed to hopes of further cuts in interest rates. “Most of the strength in selective stocks is due to […]
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Also tagged Banks, Exorbitant Prices, Gainers, Institutional Investors, Interest Rates, Parsvanath, Prospective Clients, Real Estate Companies, Real Estate Sector, Realty Stocks, Selective Stocks, Spurts, Stocks Shares, Trades
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November 26, 2008 – 6:00 am
The demand in the housing sector fell by 35% in tier-II and tier-III cities in the first half of this fiscal due to the high cost of borrowings, says an assessment by an industry lobby. According to the assessment of Assocham, over 20 million people in about 25 tier-II and tier-III cities, who want to […]
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Also tagged April, Assocham, Borrowers, Borrowings, Brick, Cement, Chambers Of Commerce And Industry, Cost Assessment, DLF, Dwelling Units, Indore, Industry Lobby, Interest Rates, Meerut, Property Purchases, Raw Materials, Real Estate Developers, Slew, Tier II, Urban Centres
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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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Also tagged Chandra, Fiscal Year, Indian real estate, Norwegian Telecom, Oct 31, Profits, Real Estate Firm, Stake, Telecom Group, Telecoms Business, Telenor
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September 16, 2008 – 2:28 am
Lehman Brothers’ bankrupcy is likely to cost Indian real estate. It may impact the financial major’s existing investments worth $500 million in realty firms, including DLF and Unitech, besides drying up another $500-million worth of potential investment which was expected to flow into Unitech’s Mumbai projects. The news of Lehman’s collapse brought the BSE realty […]
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Also tagged Baliga, Country Allocations, Credit Crisis, DLF, Fire Sale, Global Fund, Group Company, Hyderabad, Initial Investment, Lehman Brothers, Market Situation, New Projects, Promoter Group, Realty Firms, Sensex, Stock Broking
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September 8, 2008 – 1:47 am
Slump in the residential real estate sector in tier-1 cities seems to have spread over to tier-2 and tier-3 cities. Housing demand in small cities got down by 25% during February-July this year because of higher cost of borrowing. Besides rising cost, unavailability of inputs and power shortage also cause excessive delays in project completion. […]
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Also tagged Assocham, BPTP, Budget, Cost Of Borrowing, Inflation, Interest Rate, Majors, Omaxe, People, Power Shortage, Project Completion, Rawat, Real Estate Sector, Residential Real Estate, Secretary General, Slump, Tier 1, Tier 3, Unavailability
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An uninspiring opening and an even worse close towards the end of the day marked Indiabulls Properties Investment Trust’s debut on the Singapore Exchange on 11th june. During the day, it went down to as low as 0.88 cents and closed 10% below the issue price of S$1. The stock could not breach its issue […]
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Also tagged DLF, Global Markets., Indiabulls, Interest Rate, Investment Trust, Mumbai, Property, REIT, Selling Shares, Singapore, Stock
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After the US, India is worst-hit market when it comes to the postponement of IPOs in the first quarter of 2008. Out of the twenty four billion dollar worth of IPOs that were postponed, US accounted for $6.12 billion while the figure for Indian companies stood at $5.98 billion. The decision to defer or shelve […]
Goldman Sachs, Deutsche Bank and another financial investor are thinking to make a shared investment of eight hundred million dollar in three special purpose vehicles being created by real estate major Emaar MGF. Each SPV will have one financial investor. Delhi-based developer is in advanced talks with private equity players and is likely to close […]
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Also tagged Current Market, Emaar MGF, Financial Investor, goldman sachs, Indiabulls, Investment, Investor, Market, Private Equity, Real Estate, Real Estate Investment Trusts, Real Estate Sector, Special Purpose vehicle, Spv
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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 […]
Just fort night back we have seen many Indian promoters figured in the worldwide billionaire list. The Sensex’s climb previous year saw the likes of DLF’s KP Singh coming out of nowhere and becoming the third richest Indian for sometime. And there was much rumour as to when, rather than if, Mukesh and Anil Ambani […]
MUMBAI: When the Indian economy was on an upswing, brokerage and real estate stocks were said to be the darlings of equity bourses. When the going was good, some also made their debut on stock exchanges and were a big hit with the investing community. Never mind the fact that some of these stocks were […]
February 1, 2008 – 2:07 am
January 31, 2008, NEW DELHI: Unitech posted 39 percent increase in consolidated net profit. It got an increment from 377.84 crore to 525.78 crore in a quarter. Total income of Unitech group during the quarter under review was Rs 1165.11 crore, which is 19% high from last year. Mr. Sanjay Chandra, Managing Director, Unitech Ltd, […]
