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India’s largest realty firm DLF’s sales bookings declined 2 per cent annually to Rs 14,778 crore during the last fiscal year due to a subdued March quarter, which did not see any major project launch despite strong housing demand. Its sales bookings stood at record Rs 15,058 crore in the preceding year. According to an […]
Hero Realty’s chief executive officer (CEO) Dharmesh Shah has resigned from the company and will float his own venture. Shah informed about his decision on social media platform LinkedIn on Monday. He became the CEO of Hero Realty, promoted by Sunil Kant Munjal’s Hero Enterprise, in March 2022. “As a corporate professional for over 25 […]
Private equity firm ASK Property Fund, which had invested Rs 80 crore in 2018 in a housing project built by Naiknavare Developers, has exited from this project at Rs 156 crore, almost doubling its investments. In a statement on Monday, the company said it has made a “successful exit of Rs 156 crore from Avon […]
Oberoi Realty’s sales bookings have declined 53 per cent to Rs 4,007 crore in the last financial year on higher base. The sales bookings of Mumbai-based Oberoi Realty stood at Rs 8,572 crore in the 2022-23 financial year and Rs 3,889 crore in the 2021-22. In a regulatory filing on Saturday, Oberoi Realty informed that […]
Ajmera Realty & Infra India Ltd on Tuesday reported a 21 per cent annual growth in its sales booking to Rs 1,017 crore during the last financial year, helped by strong housing demand. Its sales booking stood at Rs 842 crore in the year-ago period. In a regulatory filing, the Mumbai-based firm said that the […]
State-owned construction firm NBCC (India) on Wednesday said it has sold 4.8 lakh square feet of commercial space in South Delhi for Rs 1,905 crore on behalf of the government. In the 25th e-auction for commercial space at World Trade Centre (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization till date with […]
Realty firm DLF Ltd is raising Rs 600 crore through issue of non-convertible debentures (NCDs) to investors for refinancing of its existing debts. In a regulatory filing on Wednesday, DLF informed that the company’s wholly owned subsidiary DLF Home Developers Ltd has raised this amount. The Securities Allotment Committee of the Board of Directors of […]
Realty firm Godrej Properties Ltd on Thursday said it has bought around 3-acre land in Hyderabad to develop a housing project with an estimated revenue potential of Rs 1,300 crore. Last month, Godrej Properties forayed into the Hyderabad property market by purchasing 12.5-acre land for Rs 350 crore to develop a housing project having Rs […]
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Wednesday directed promoters in the state to provide project registration certificates embedded with QR code to existing and prospective homebuyers. UP RERA said it has recently redesigned the certificate for registration of projects. The certificate is now digitally signed by the secretary and has also […]
The annual property fair organised by realtors body CREDAI has received 302 bookings for various properties worth in total over Rs 260 crore, a top official said on Wednesday. FAIRPRO is the flagship event of the Confederation of Real Estate Developers’ Associations of India (CREDAI) Chennai. As many as 75 developers showcased over 200 projects […]