Real estate developers face tough market conditions with low sales and high inventory, according to experts and recent data from Colliers India and Cushman & Wakefield.
Jaypee Group's financial woes deepen with ₹4,500 crore unpaid to banks, delayed real estate projects in Noida.
Sahara Group to sell 4,700 acres of land across India, expected to earn Rs 6,500 crore
Godrej Properties buys back 49% stake in Kolkata IT Park from Red Fort Capital
Credai Maharashtra highlights concerns of a 22% sales dip in real estate, attributing it to inflation, high interest rates, and regulatory delays, while affirming Pune's relative stability.
Xander Group plans to invest ₹300 Cr in Nitesh Estates' Bangalore retail project on 8 acres in Koramangala. Xander has invested over $2 Bn in India.
Larsen & Toubro secures new construction orders worth Rs 1,485 crore, including international projects in power transmission and cement plant construction.
Godrej Properties, based in Mumbai, has reduced its net debt by 24% to Rs 1,470 crore in the second quarter, leveraging funds from a rights issue.
Sahara chief Subrata Roy seeks court approval to deposit property deeds with nationalized bank amid ongoing dispute with SEBI.
Omaxe promoters raised Rs 250 crore via Offer for Sale (OFS) to boost growth and meet SEBI's public shareholding norms. The company also announced a bonus share issue.
Omaxe Ltd reports strong sales growth for the first half of the fiscal year, with a 26% increase in property sales. The firm attributes its success to higher average realization rates.
Supreme Court restricts Sahara's Subrata Roy from flying abroad and selling properties, citing undervalued assets in OFCD refund case.
DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.
Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.
Japanese firms Hitachi, Takasago, and Ajinomoto plan to establish manufacturing facilities in OneHub Chennai, a 1,550-acre integrated industrial township.
Realty major Unitech Ltd reported a 50% decline in property sales during the first half of the current fiscal due to global market slowdown.
GMR Infrastructure reports 2.4x increase in net loss to Rs 398 cr in Q2, blaming idle power assets due to fuel scarcity.
Holcim receives FIPB approval to merge operations in India, including ACC and Ambuja Cements, for streamlining its India business.
Salarpuria Sattva Group is expanding to Coimbatore's real estate market despite slowdown, aiming to leverage upcoming projects and city growth.
Banks invest heavily in real estate despite slow demand, funding 56 projects worth Rs 65,000 cr in H1 2013-14.
Parsvnath Developers plans to list 2.5M sqft of shopping malls as REIT, awaiting SEBI & Govt. guidelines, to raise capital and reduce debt.
DLF and Oberoi Realty report decline in net profit in Q2 due to slow property market and high interest rates. Both companies sold assets to reduce debt.
Godrej Properties reported a 5% rise in net profit to ₹34.25 crore in Q2, primarily due to increased tax expenses, despite a 33% jump in total revenue.
Century Real Estate, a Bangalore-based firm, plans to raise ₹400 Cr to refinance existing debts. They are in talks with NBFCs and private equity funds, and part is raised through NCDs.
Reliance Infra plans to produce over 5 million tonnes of cement in Madhya Pradesh, expanding its presence in the cement manufacturing sector to bolster infrastructure services.
