DLF Ltd reports 4.8% drop in net profit for FY 2011, with a 19% decline in Q4 net profit.
A company plans to launch a luxury housing project in Gurgaon and expand into international markets while initiating new land development ventures.
Sayaji Hotels Ltd plans to invest Rupees 100 crore in Pune, expanding operations to include a sports club, restaurant, mall, and service apartments. The group also aims to grow in other cities like Bangalore, Chennai, and Gurgaon.
M3M India partners with Larsen & Toubro to build 'M3M Golf Estate', a luxury residence in Gurgaon. The project will feature modern amenities and a 9-hole golf course.
DLF Brands expands into fashion retail through a partnership with Mango and the launch of a new multi-brand showroom chain in India.
DLF Plans Rs 1000-Crore Infopark Project in Bhubaneswar, Phase One to Start with 5.4 Acres.
A high-end apartment in Gurgaon has been leased for Rs 1.2 lakh per month, reflecting the ongoing demand for rental properties in the region.
Realtors shift focus to luxury housing due to increasing demand, with major developers planning high-value projects across Indian cities.
Godrej Properties launches its first residential project in Gurgaon, partnering with Frontier Home Developers. The project spans 1.05 million sq. ft. and offers flats and penthouses near NH-8.
Ireo announces the launch of Victory Valley in Gurgaon, featuring the tallest residential towers in North India with apartments ranging from 2 to 5 bedrooms.
Emaar MGF Land launched Palm Hills, a mid-income housing project in Gurgaon's Sector 77. The project offers around 1250 units of 3BHK and 4BHK apartments, priced from Rs 48 lacs.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
The economic slowdown has led to significant price drops for homes in the National Capital Region, creating a buying opportunity despite project delays from developers.
Delhi NCR sees a significant drop in commercial real estate rentals as businesses shift from Gurgaon to more affordable locations, impacting transportation costs.
Office rentals in Gurgaon have skyrocketed, pushing companies to relocate to other cities like Delhi and seek furnished spaces at more affordable rates.
Real estate companies are promoting 2-bedroom apartments for around Rs 20 lakh to revitalize the housing market, leveraging lower home loan interest rates. However, buyers should be wary of hidden costs and remote locations.
Unitech plans to raise $300-500 million through convertible debt to repay Rs 2,700 crore debt, already seeking $200 million from residential projects.
16 new malls are set to open in the tricity within a year, despite existing malls like Uppal’s Centra Mall and DT Mall struggling with low footfalls beyond cinema visitors.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
Real estate player Unitech repays Rs 200-crore loan to Indiabulls Financial Services through asset monetisation and internal debt restructuring.
Unitech to Sell 6 Hotel Projects to Reduce Expenditure
The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
QVC Realty to raise ₹600 crore for land acquisition and project development in south India, primarily near new airports in Bangalore and Hyderabad.