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Web exclusive: Paradigm shift in realty19-NOV-09
People in India swear by the success of the real estate sector, understandably so, for it is the country’s second largest employer and contributes to approximately 5 per cent to its GDP. The sector received foreign direct investment (FDI) of about Rs 21,370 crore between April 2007 and March 2009, second only to the services sector.
Sensex rangebound; DLF down 2%17-NOV-09
The Sensex is volatile in a narrow range. The index is now at 17,004, down 28 points.
PVR gains 2% on DT Cinemas buy16-NOV-09
PVR finally ended with marginaly gains of 2% at Rs 143 as against the day's high of Rs 153. The counter clocked a volume of around 168,150 shares on the BSE.
KMDA still to come to terms with DLF walk-out in Dankuni14-NOV-09
The 4,840-acre Dankuni township project near Kolkata, with an investment requirement of Rs 33,000 crore is still in the list of public private partnership (PPP) projects on the Kolkata Metropolitan Development Authority (KMDA) website, even though DLF, the private partner, has abandoned it long back.
DLF sells multiplex chain to PVR14-NOV-09
Leading theatre chain PVR Ltd today announced a cash-and-stock deal to buy out realtor DLF group’s national multiplex chain, DT Cinemas.
PVR to acquire DLF's DT Cinemas13-NOV-09
Leading theatre chain PVR Cinemas has announced its agreement with DLF Group’s DT Cinemas to acquire their cinema business on a slump sale basis. PVR will fund the acquisition through part stock and part cash payout. PVR will issue 25.57 lakh shares to DT Cinemas representing 10 per cent of the fully diluted paid up share capital and make a payment of Rs 20.2 crore to fund the acquisition.
Multi-product SEZs kick-off demand for service apartments11-NOV-09
While the recent upswing might have hinted at buoyancy returning in hospitality, real estate developers believe the initial demand for service apartments may come from upcoming industrial locations. According to industry experts, of these industrial locations, it is the multi-product special economic zones (SEZs) that may boost such demand.
Sensex may fall 10%09-NOV-09
India’s stock market may fall by as much as 10 per cent within six months as company earnings fail to meet expectations, according to Pankaj Tibrewal, manager of the country’s best performing equity fund this year.
Low rentals make mall developers, retailers opt for revenue sharing06-NOV-09
With slowdown seemingly slipping away from sight, an increasing number of mall developers and retailers are now opting for rental revenue sharing model. As vacancy levels and rentals continue to dip especially in the metros, developers are banking on this 'performance based sharing' scheme to make up for the damages.
DLF net drops substantially on sluggish real estate demand30-OCT-09
The country’s top real estate player, DLF Ltd, registered a 77 per cent drop in its net profit during the quarter ended September, as demand for real estate continued to be sluggish compared to last year.
DLF back on hiring ways, to add headcount to match growth29-OCT-09
Buoyed by the recovery in the real estate sector, realty giant DLF today said it will hire people to sustain growth of the company.
I-T Department serves fresh notice on DLF27-OCT-09
The Income Tax (I-T) Department has issued a fresh notice to realty major DLF even as it’s appeal against an additional tax liability imposed on it by the I-T Department is being heard.
Will it last?26-OCT-09
While there are visible signs of a recovery in the real estate market, price hikes by developers and any increase in interest rates could halt this momentum.
DLF tops combined value chart21-OCT-09
DLF has topped the combined value chart with a turnover of Rs 429.03 crore, followed by Sesa Goa (Rs 266.21 crore), Jaiprakash Associates (Rs 258.3 crore), Jindal Steel (Rs 255.82 crore) and Reliance (Rs 245.48 crore).
Mothercare enters JV with DLF Brands16-OCT-09
Global retail player Mothercare has entered into a joint venture with realty major DLF's retail managaement firm, DLF Brands, to open standalone stores of the UK-based company in the country.
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