NEW DELHI: Indiabulls Housing Finance on Wednesday reported nearly 54 per cent decline in its consolidated net profit to Rs 323.20 crore for the second quarter ended September 30. The company had posted a net profit of Rs 702.18 crore in the corresponding quarter of the previous financial year. Compared sequentially, the company’s net profit […]
NEW DELHI: Homebuyers seeking an exit from Amrapali Developers’ projects will now be able to do so as the court receiver has issued guidelines for resale of flats. Some 40,000 apartments across Amrapali’s housing projects remain incomplete due to financial mismanagement. About a quarter of these homebuyers want to sell their yet-to-be-ready apartments but had […]
GHAZIABAD: After Covid lockdown woes, the cash-strapped Ghaziabad Development Authority (GDA) seems to be finally finding takers for its properties. Between July and October, GDA sold properties worth Rs 125 crore, officials said on Tuesday. This comes as a major respite for the GDA as the auction process had to be stalled between April and […]
NEW DELHI: Prime Minister Narendra Modi will inaugurate a state-of-the-art office-cum-residential complex of Income Tax Appellate Tribunal (ITAT) in Cuttack on Wednesday via video conferencing. Union Law Minister Ravi Shankar Prasad, Union Petroleum Minister Dharmendra Pradhan, Odisha Chief Minister Naveen Patnaik, chief justice and judges of Orissa High Court, along with other dignitaries would also […]
NEW DELHI: Retail shops in malls and high street markets in Gurgaon will not be harassed to pay property tax even though the Gurgaon municipal corporation has decided to auction over 50 such properties to recover Rs 15 crore dues. The municipal corporation of Gurgaon has issued auction notice for shops who have defaulted on […]
NEW DELHI: Irrespective of several short-term disruptions and challenges, increased demand from large enterprises, will support the growth of the flex space market to more than 50 million sq ft by 2023, according to a recent report by JLL India. The current market penetration of flex spaces into India’s total office stock stands at 3% […]
NEW DELHI: Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore. Bengaluru-based Prestige has signed term sheets on Monday with the Blackstone group, and the deal is likely […]
GURUGRAM: The homebuyers of CHD 106, Golf Avenue in Sector 106 are unsure about the funds required for the completion of the project after the Haryana Real Estate Regulatory Authority (HRera) ordered a forensic audit of the accounts of the developer and floated the possibility of takeover by the buyers. In a recent order, HRera […]
NEW DELHI: With economic activity gradually improving post lockdown, PNB Housing Finance is closely monitoring the inventory levels of builders and asking them to start selling as demand for home loans is nearly getting back to normal, its MD and CEO Hardayal Prasad said. “Economic activity is still at a low ebb, but it has […]
NEW DELHI: Realty firm Godrej Properties’ net debt rose 56 per cent during the July-September period to Rs 2,733 crore from the previous quarter and is likely to rise further as the company continues to invest in acquiring new projects. In an analyst presentation, the company said its net debt stood at Rs 2,733 crore […]
NEW DELHI: Real estate brokers in Gurgaon are planning to challenge in court a directive issued by the HaryanaReal Estate Regulatory Authority (RERA) capping the brokerage on real estate transactions at a maximum of 1%, a move that may have far reaching consequences for the broker community. Haryana RERA, in a directive last week, had […]
NEW DELHI: State-run NBCC (India) is expected to raise Rs 478 crore by auctioning six assets of Amrapali group. The money will be used in completing the stuck projects of the real estate developer. The six assets that will be auctioned include floor area ratio with a reserved price of Rs 55 crore with capacity […]
