Kolkata based Prayag group is now well set to put up what the group claims to be the largest integrated film city at Chandrakona in East Medinipur district of West Bengal. The integrated film city spread over 2,700 acre will also tap the big fat Indian wedding, tourism and …
Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Unitech follow DLF, for to cut its debt
Indian real estate firm Unitech will sell non-core assets such as land, IT parks and SEZs to pay off debt, which is at Rs 5,300 crore. The company has also managed to tie up debt of about Rs 550 crore from two public sector banks in the last few months, after facing signifi…
India's Steel imports at Rs 26,387 crore in 2010-11
India's imported finished steel products worth Rs 26,387 crore in 2010-11, a 3% rise in comparison to 2009-10, Parliament was informed.
The country had imported finished steel worth Rs 25,623 crore in 2009-10, Steel minister Beni Prasad Verma said in a written reply to…
IDFC mulls acquisition of DLF's stake in Noida IT park
Infrastructure Development Finance Company (IDFC) said it was in talks to buy the entire stake of the country's largest real estate player DLF in an IT park in Noida in Uttar Pradesh.
IDFC said in a filing to the Bombay Stock Exchange (BSE), "IDFC is in talks with…
DLF in talks with IDFC to sell Noida IT park shares, reduce debt
India’s largest real estate company DLF, is in talks with IDFC to sell the entire 70% stake it holds in DLF IT Park, Noida.
The move is part of the company’s strategy to reduce debt. DLF is looking to raise around Rs. 950 crore through the sale.
If the talks bear fruit, ID…
CARE downgrades DB Realty arm's bank facilities
Indai's leadig rating firm CARE Ratings has downgraded the ratings for Rs 73 crore long term bank facilites of Neelkamal Realtors and Builders, a unit of DB Realty group.
CARE has revised the ratings 'CARE BB' to 'CARE D' due to delays in servicing of th…
L&T Construction bags Rs 1,340 crore orders
The Indian engineering major L & T Construction had secured new orders worth Rs 1,340 crore in building and factories segment during the second quarter of this 2011-12 fiscal.
According to L & T Construction in a statement, The company has secured new orders aggr…
DLF plans to cut debt by Rs 3,000 cr by 2012 March
According to India’s largest real estate developer, DLF's group executive director Rajeev Talwar, DLF plans to cut its debt by Rs 2,500-3,000 crore by the end of this 2011-12 financial year.
The company aims to reduce debt through the divestment of noncore assets, inclu…
Credai Pune opens Virtual Realty Fair - e - PROFEST
The CREDAI (Confederation of Real Estate Developers Associations of India) Pune Metro Chapter has opened 'e - PROFEST 2011", Pune's Virtual Realty Fair. The virtual expo promises to showcase over 500 projects from Pune, Pimpri-Chinchwad Municipal Corporation a…
IT sector rules Bangalore real estate : Knight Frank
The Karnataka capital Bangalore has once again emerged as the city with the largest office space absorption, with the IT (Information Technology) and ITeS (Information Technology enabled Services) sector ruling the roster.
According to research firm Knight Frank's repor…
Spree Hotels plans all India expansion
Bangalore based a start up hospitality venture, Spree Hotels is planning to go pan India by setting up 10 hotels across the country in tier I and II cities in the next 2 years. Mr. Keshav Baljee, MD of Spree Hote l said “We want to launch a total of 10 hotels across the cou…
Bangalore expects 35 more hypermarkets : CB Richard Ellis
According to CB Richard Ellis, an International real estate consultant, Karnataka capital Bangalore is witnessing a big change in its retail stores with a number of hypermarkets getting operational. The city is expected to witness addition of about 35 in 3 to 5 years.
C…
Special Economic Zones to meet on September 9, 2011
The Board of Approval (BoA) for Special Economic Zones (SEZs), headed by commerce secretary Mr, Rahul Khullar is scheduled to meet on 2011, September 9 to discuss matters like setting up of new such enclaves in the country.
The 19-member inter-ministerial BoA in its last…
Videocon’s hotel project on hold and plans realty
Videocon Group, the Indian MNC consumer durable goods company, has put its hotel project on hold. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road. The Videocon Group has already s…
Chennai's Akshaya Homes to enter pan-India
Chennai-based property developer Akshaya Homes proposed to enter the Karnataka and Kerala realty market by 2015.
Mr T. Chitty Babu, Chairman and CEO, Akshaya Homes Said, "The company would also have pan-India presence in another five years" .
He was speaking after…
GVK Infra Q1 net up 76% to Rs 59 crore
The Hyderabad based infrastructure developer GVKPIL (GVK Power & Infrastructure) has posted about 76% up in net profit for the June quarter at Rs 60 crore as against Rs 33 crore in the same period last year. Net sales for the period stood at Rs 632 crore, a 27% rise o…
Ashiana Housing net up 11% during Apr-June quarter
Indian realty firm Ashiana Housing has reported 11% up in its net profit at Rs 13.04 crore for the quarter ended June as against Rs 11.71 crore in the year-ago period. The revenue, however, declined marginally to Rs 42.51 crore during April-June period of this fiscal agains…
DLF's net debt up to Rs 21,500 crore
India's leadig Real estate company DLF's net debt had increased by Rs 100 crore during the Apri l-June quarter this 2011-12 fiscal to Rs 21,524 crore. Same time it expects that borrowing would start moderating from this quarter onward. DLF, which reported a 13% …
DHFL - Dewan Housing Finance net profit up to Rs 67 crore
One of the India's leading Housing Finance company, Dewan Housing Finance Corporation (DHFL) has posted a 28 per cent jump in net profit at Rs 66.78 crore for the first quarter ended June 30, 2011. DHFL had a net profit of Rs 51.24 crore for the corresponding quarter of…
DLF’s debt rescue - Plotted development strategy comes
Indian Realty major DLF Ltd’s strategy to go for plotted development -- a move aimed at weathering the blow from the rising input cost and inflation -- seems to have clicked. To further strengthen its cash flow, the company is also looking at asset monetisation worth around…
