HC strikes down civic body showcauses to 6 developers
Mumbai: In a breather to six realty majors, the Bombay High Court has stuck down the notices issued by the Brihanmumbai Municipal Corporation (BMC) to their projects constructed under the parking FSI policy.
These include luxury residential projects like DB… Continue reading
Parsvnath Developers Q3 net profit down 28%
New Delhi: Real estate major Parsvnath Developers today reported a 28 per cent decline in net profit to Rs 22.54 crore for the quarter ended December 31, 2011.
The company had posted a net profit of Rs 31.37 crore for… Continue reading
Deutsche Bank exits Lodha Developers, gains Rs 900 crore
NEW DELHI: Deutsche Bank has exited the country’s biggest foreign direct investment in the real estate sector – a Rs 1,640-crore investment it made in Mumbai’s Lodha Developers in 2007 – making a return of 55%, or Rs 900 crore,… Continue reading
Deutsche Bank exits Lodha Developers
Mumbai: Germany’s Deutsche Bank has gained Rs 9 billion ($183.09 million) after exiting from a four-year investment in Mumbai-based builders Mangal Prabhat Lodha-led Lodha Developers, the Indian company said.
Deutsche Bank was paid Rs 25.42 billion, 55 percent more than… Continue reading
Sobha Developers launches two projects in Chennai
Chennai: Bangalore headquartered Sobha Developers Limited today announced their foray into Chennai residential market launching two ventures with a combined project size of over Rs 400 crore.
Company Managing Director J C Sharma announced the launch of Sobha Merrita and… Continue reading
Sobha Developers launches Rs 400 crore projects in Chennai
Bangalore-headquartered Sobha Developers today announced its foray into Chennai residential market by launching two ventures with a combined project size of over Rs 400 crore.
Company Managing Director J C Sharma announced the launch of Sobha Merrita and Sobha Serene… Continue reading
Developers going extra miles for customers in Mumbai
The Mumbai real estate market has undergone several changes over time. Earlier, buyers were satisfied simply with the four walls of a home. Gradually, as aspirations rose, developers started providing various external and internal amenities, adding to the ‘luxury’ factor… Continue reading
Developers want �force majeure� in draft Realty Bill
New Delhi: Real estate developers, smarting from the Greater Noida debacle where the Allahabad High Court halted construction of disputed projects, have sought inclusion of
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Sobha Developers targeting Rs 1,500 crore of sales in FY2011-12
Bombay stock exchange
BANGALORE: Bangalore-based real estate developer Sobha Developers is expecting to achieve new sales of Rs 1,500 crore in financial year 2011-12.
In a real estate operations update for the quarter ended December 31, 2011, the developer has… Continue reading
Maha govt new regulations to hurt margin of Mumbai-based realty developers
Mumbai
MUMBAI: The Maharashtra government’s recent amendments to development control regulations are likely to result in higher construction cost and hurt margin of Mumbai-based realty developers, analysts said.
Under new Rules, areas of balcony, flower beds, terraces etc. will be… Continue reading