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.
DLF plans to raise ₹1000 crore by mortgaging retail assets to reduce its ₹19,508 crore debt. This involves a new Commercial Mortgage Backed Security product, attracting investors like pension funds and insurance firms.
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.
DLF to raise ₹2000 Cr by selling 81 million shares through institutional placement program to reduce debt and meet SEBI's public shareholding guidelines.
DLF to raise Rs.2100 Cr via Institutional Placement Program to reduce debt and meet SEBI's 25% public shareholding norm.
DLF, India's largest real estate company, plans to reinvest in Delhi's real estate market after selling its stake in Aman Resorts. This move aims to reduce debt and refocus on core business, with new projects expected within four months.
Lodha Group in talks to buy DLF's Mumbai plot for $500 million.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.
Godrej Properties Reduces Net Debt to Rs. 4 Billion, Achieves Comfortable Debt-Equity Ratio
DLF plans to raise Rs. 2700 cr. by selling non-core assets to reduce debt by 33% this financial year.
DLF aims to raise Rs 300-500 crore by selling its stake in a joint venture with Akruti City for a commercial project in Andheri, part of a larger debt reduction strategy.
Parsvnath Developers eyes stake dilution to control debt amidst rising interest rates, reports 16% drop in Q1 net profit.