Reeling under high input costs and 40% labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress.
According to a survey conducted by the Gujarat Council of the Associated Chambers of Commerce a…
Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Indian Real Estate Companies - Financial June quarter
Indian Real Estate Companies - Financial Round Up, June quarter 2011-12 Unitech down 45%
India's second-largest realty firm, Unitech has reported a 45% decline in consolidated net profit at Rs 98.36 crore for the quarter ended June on lower sales. The company had pos…
Prayag group to develop integrated film city in WB
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 …
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…
