Unitech profit plunges 98% as sales hit
Mumbai: Unitech Ltd, India’s No.3 real estate developer by market value, said its quarterly profit slumped 98 percent because of high borrowing costs and a slowdown in house sales.
Thirteen interest rate increases by the central bank between March 2010… Continue reading
Budget imposes 1% TDS on property sales
New Delhi: Tightening screws on black money in the realty market, the government has proposed one per cent TDS (tax deduction at source) on transfer of immovable property if the sale value exceeds Rs 50 lakh in urban centres and… Continue reading
Mumbai homes sales down 30% in Oct-Dec, at 3-year low
MUMBAI: Homes sales in Mumbai slipped over 30% in the quarter ended December from a year ago, making it the lowest in three years, says Liases Foras Real Estate Rating & Research.
In this period, home prices have gone up… Continue reading
3C Company expects sales realisation of Rs 18,000 cr in 7 yrs
New Delhi: Realty firm The 3C Company today said it is developing about 10 projects, largely residential, in Noida in Uttar Pradesh with an expected sales realisation of Rs 18,000 crore over the next seven years.
At present, The 3C… Continue reading
3C Company expects sales realisation of Rs 18,000 cr in 7 yrs
NEW DELHI: Realty firm The 3C Company today said it is developing about 10 projects, largely residential, in Noida in Uttar Pradesh with an expected sales realisation of Rs 18,000 crore over the next seven years.
At present, The 3C… Continue reading
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