DDA receives 30,978 applications for the 2021 Housing Scheme offering 1,350 flats in locations like Jasola, Dwarka, Vasant Kunj, Rohini, and Manglapuri.
Jaypee Group's financial woes deepen with ₹4,500 crore unpaid to banks, delayed real estate projects in Noida.
The Bombay High Court directed a Hirco Plc arm, Hiranandani Palace Gardens, to disclose assets amid a loan repayment dispute with Tata Capital Financial Services over a defaulted Rs 76 cr loan.
PwC stated at a conference that due to the global financial crisis, emerging markets' GDP may exceed advanced economies' sooner than anticipated, requiring real estate investors to adapt.
Bank lending to commercial real estate sees 12.2% growth, driven by unlisted developers taking a larger share, despite claims of credit shrinkage from listed firms.
Real estate sector faces financial and regulatory challenges in the first quarter, impacting both projects and investors.
Retail investors show cautious approach towards recent IPOs while institutional and high net worth investors demonstrates higher interest. Several IPOs deemed overvalued, according to investment recommendations.
Unitech, India's second-biggest real estate developer, is in talks with private equity funds for $560 million investments and restructuring loans to cut debt.
Unitech seeks to restructure Rs 800-crore loan from public sector banks, amid debt burden of Rs 2,500 crore due by March '09
Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.
Indian property firms face pressure from lenders to sell assets and repay loans amidst rising default risks and falling property prices.
JP Morgan Chase eyes 18% stake in Core Hotels Ventures for $14m, subject to final approval from Finance Minister P Chidambaram. FDI received previously from Indus Hotels Mauritius.
LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.
DLF announces Rs 500 crore share buyback amid significant market cap loss, aiming to stabilize investor sentiment