Unitech Ltd.'s Q4 profit plummeted 98% due to high interest rates and property prices impacting demand. The company expects improvement in the current fiscal year with increased funding availability and lower interest rates.
Indian companies face profit declines and slower revenue growth, as rising costs and falling demand impact earnings, particularly among major industry players.
Mumbai land prices, already the highest in India, are expected to continue their 15 percent decline this year due to high borrowing costs and the need for developers to sell.
IL&FS Investment Managers Ltd (IIML) intends to launch a new fund under Yatra Capital, an India-focused real estate investment firm, pending shareholder approval and market conditions.
LIC Housing Finance has successfully closed Rs 250 crore for its first real estate private equity fund, targeting Rs 500 crore total investment.
Godrej Properties experienced its worst quarterly performance since 2010, reporting a drop in profit and subdued sales, but management remains optimistic about future growth.
IL&FS Investment Managers Ltd (IIML) is planning to launch IL&FS India Realty Fund (IRF) III with a targeted corpus of $500 million in the current FY.
Mumbai builders cancel their planned strike after negotiations with the Chief Minister regarding delayed project approvals and the establishment of a housing regulator.
A report by Jones Lang Lasalle highlights how Indian youth are pursuing real estate courses to enhance professionalism in the booming sector, underlining the industry's evolving demand for skilled talent.
Tata Housing has won five prestigious Asia Pacific Property Awards 2012, including the five-star award for La Montana, reaffirming its leadership in residential real estate.
ASK Property Investment Advisors plans to invest in Indian real estate projects via its new offshore fund, committing $40 million initially.
DLF shares increased by 3.2% after Goldman Sachs upgraded the stock's rating to "buy", citing increased residential launches and commercial property recovery.
DLF in talks to sell Mumbai land for ₹30bn, buyers negotiate lower
Paracor Capital invests $20Mn in Hallmark Infrastructure's Chennai residential projects
Indian real estate sector faces liquidity concerns due to global debt worries, with 2012 expected to be a challenging year with expensive debt, cautious private equity, and a rise in structured debt deals.
Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.
Mirah Group consolidates real estate business, eyes large townships in Mumbai, Pune, and Nagpur, alongside expanding F&B and hospitality ventures.
Dhanlaxmi Bank denies plans to close branches, focusing on cost control and growth strategies amid pressure from declining margins and net losses.
Indian real estate sees 3-year high in Q1 PE deals despite lower investment values
Mr. Lalit Jain from CREDAI advocates for reforms to boost housing construction, urging the Central Government to address delays, land costs, and taxation issues.
CREDAI president Lalit Kumar Jain highlights Bihar's efficient real estate approvals, contrasting it with Maharashtra's slower system. He discusses challenges like approval delays and the 20% EWS reservation policy.
Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Shares of Mumbai-based real estate firms fell sharply following reports of a proposed stamp duty hike by the Maharashtra government, prompting concerns over market demand.
Indian companies saw a 58% surge in PE investments in February 2012, reaching $922.7 million across 51 deals, with real estate leading the way.
IMF chief Christine Lagarde emphasizes the need for a robust financial sector to drive economic growth, citing it as a key lesson from the global slowdown.