In the last quarter, home sales had fallen 13 per cent on a yearly basis
Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.
The group is reportedly looking to sell stake in Eureka Forbes to shore up liquidity.
GPL has entered into a joint venture to develop a township project of over 100 acres in the well-established and growing residential market of Navi Mumbai
With this, Piramal would also be facilitating external capital (on a fund or co-investment basis) alongside its lending business
Currently, VRSA has 5.4 million sq ft of properties across Surat, Bengaluru, Chennai, and Punjab.
It also has real estate funds with Brookfield of Canada, thus, becoming one of the first companies to start a trend of real estate company co-investing with a global fund manager
Residential sales have seen a slowdown for the past five years and prices have stagnated due to poor demand
The JV had an equity base of $250 million. Four years since the signing of the pact, people in the know say the JV may invest just $100 million
Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail
The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk
The Mumbai Metropolitan Region and the NCR are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, respectively
Motilal Oswal is raising Rs 1,200 crore for its fourth real estate fund
Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities
The western cities of Pune and MMR raced far ahead and clocked in 33% jump in sales
It will invest $250 million (Rs 1,750 crore) in logistics, warehousing, and industrial assets in the key industrial corridors
Morgan Stanley has also set up a platform with Bengaluru-based developer Puravankara Projects for industrial parks
Firms with strong brands and track records are launching a slew of projects this season
Assisted promoters to retain control of real estate company
In talks with Abu Dhabi Investment Authority, NIIF