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.
Property prices in NCR's micro markets have nearly doubled, with notable growth in areas like Gurgaon's Golf Course Extension and Dwarka Expressway.
West Indian cricketer Chris Gayle signs an endorsement deal with Agrani Homes, a Patna-based real estate firm. The announcement was made by Alok Kumar, CMD of Agrani Homes.
Bollywood actress Sagarika Ghatge has filed a case against a realty firm for using her photos for promotion after their contract ended in 2011.
Siva Group acquires 13.88% stake in Chennai-based Arihant Foundations and Housing
Mantri Developers launched Mantri Square, one of India's largest malls, in Bangalore. The mall features metro connectivity, 252 retail outlets, and a public-private partnership with BMRCL.
Indian real estate firms are increasingly adopting technology and ERP solutions to enhance productivity and manage resources amidst a market slowdown.
Omaxe reported a consolidated net profit of ₹495 crore for FY 2007-08, a significant increase from the previous year, alongside a 60.26% revenue rise.