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  • 24-Aug-2009 | Raghavendra Kamath & Neeraj Thakur

    Retailers ride out the storm

    Future no longer tense as consumer confidence improves and firms emerge leaner and more efficient.

  • 19-Aug-2009 | Neeraj Thakur

    DLF sole bidder in Haryana's recreation, leisure project

    The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has disqualified Unitech and Malaysia-based Country Heights Holdings on technical grounds from bidding for its 350-acre recreation and leisure project in Gurgaon, ...

  • 18-Aug-2009 | Mihir Mishra & Neeraj Thakur

    Gammon not barred from Gurgaon Metro

    Even after Gammon India has been held responsible for more than one mishap on Delhi’s Metro Rail construction, the company has been allowed to bid for the proposed Gurgaon metro, a private-consortium funded project.

  • 17-Aug-2009 | Raghavendra Kamath & Neeraj Thakur

    Food retailers take up to 50% hit on margins as prices shoot up

    Rapidly rising food prices is forcing food and grocery retailers to take a hit of up to 50 per cent on their margins in pulses and groceries.

  • 12-Aug-2009 | Neeraj Thakur

    I-Day holiday plans trump swine flu

    Even as swine flu is threatening the hospitality industry, travellers are taking advantage of the Independence Day holiday to pack their bags for a weekend trip. Most hotels at travel destinations, domestic and international, are packed for the ...

  • 11-Aug-2009 | Neeraj Thakur

    Vishal Retail's losses continue; says turning point by year-end

    With dwindling sales, Vishal Retail’s management is working hard to put the loss-making company’s sales back on track. Even as the company has posted a loss of Rs 90 crore in its net profit for the first quarter of FY10, the management ...

  • 04-Aug-2009 | Neeraj Thakur

    BPTP, Hyatt tie up for 5-star hotel in Noida

    Delhi-based developer BPTP has tied up with global luxury hotel chain Grand Hyatt to operate its five-star hotel in Noida’s Sector 94, now under construction, say sources.

  • 04-Aug-2009 | Neeraj Thakur & Raghavendra Kamath

    Realtors see rise in commercial inquiries

    In the past two months, property developers have reported an increased number of inquiries for their properties, indicating the economy is on its way up, clearly visible in companies’ recent quarterly results.

  • 02-Aug-2009 | Neeraj Thakur

    DE Shaw may retain stake in DLF Assets

    The promoters of DLF Ltd, the country’s largest real estate developer, have said hedge fund DE Shaw may retain a partial stake in DLF Assets Ltd (DAL) as the fund is seeing an improved opportunity in the commercial realty market.

  • 31-Jul-2009 | Neeraj Thakur

    Hoteliers see room rentals rising 25% during CWG

    The battered hospitality industry, which has seen a constant decline in its revenues over the past one year, is betting high on the shortage of hotel rooms during the Commonwealth Games (CWG) 2010. Hotel chains and travel agents are expecting a 25 ...

  • 29-Jul-2009 | Raghavendra Kamath & Neeraj Thakur

    FM's new subsidy prompts realtors to promise more sub-Rs 20 lakh homes

    Property developers plan more launches in the sub-Rs 20 lakh category of homes, after yesterday’s Budget concession.

  • 26-Jul-2009 | Neeraj Thakur

    Companies sublet space, realtors face the heat

    Rentals may go down by 10% in coming quarters: Cushman & Wakefield.

  • 17-Jul-2009 | Neeraj Thakur

    ITDC in talks with retailers for jointly running duty-free shops

    The India Tourism Development Corporation (ITDC), which runs hotels like the Ashok and Samrat, is in discussions with home-grown retail chains, as well as global retailers to form a 50:50 joint venture to run duty-free shops at international ...

  • 11-Jul-2009 | Neeraj Thakur

    DIPP wants to relax FDI rules for small constructions

    To encourage the flow of foreign direct investment (FDI) in smaller construction projects — integrated townships and hospitality projects — the Department of Industrial Policy & Promotion (DIPP) has recommended changes to the Press ...

  • 08-Jul-2009 | Neeraj Thakur

    Budget dissapoints realty sector players

    The woes of Indian real estate sector are expected to continue, post the Budget. Demand for fresh dwelling units is expected to remain weak and since no new incentives have been given for developers or new buyers, experts feel a revival, which was ...

  • 05-Jul-2009 | Neeraj Thakur

    Food chains hit the road

    After commercial districts, residential markets and malls, fast-food chains like McDonald's, Barista Coffee and Nirula’s have now trained their guns on highways. With the improved road network, brand-conscious Indians have begun to travel like ...

  • 29-Jun-2009 | Neeraj Thakur

    Unitech to retire a third of its Rs 7,800 cr debt by July

    After raising Rs 5,550 crore in less then three months time, Unitech , the second largest developer of the country , said it will bring its net debt down by 36 per cent in July 2009 as the company plans to use the money raised through second round ...

  • 29-Jun-2009 | Raghavendra Kamath & Neeraj Thakur

    Neighbourhood stores go off the beaten track

    They have graduated from just home delivery to SMS marketing, bulk buying alliances and credit extensions.

  • 27-Jun-2009 | Neeraj Thakur

    Unitech to raise $575 mn through QIP route

    Within less than three months of raising $325 million through Qualified Institutional Placement (QIP), Unitech Ltd, the second largest real estate company in the country, is raising $575 million (Rs 2,770 crore) through the same route. The fund ...

  • 22-Jun-2009 | Raghavendra Kamath & Neeraj Thakur

    Realtors believe home market can take a price hike

    After nearly 18 months of slowdown, property developers are looking at marginally increasing the prices of affordable homes. Whether it would help these cash-starved firms to improve their profit margins is yet to be seen, but such a move would send ...

  • 22-Jun-2009 | Kalpana Pathak & Neeraj Thakur

    Swine flu worries hotel, tourism players

    The increasing number of swine flu cases in the country — 56 affected people so far — is putting the hospitality industry on the edge. With the monsoon season to begin and hotels hoping for a robust business at leisure destinations, ...

  • 16-Jun-2009 | Neeraj Thakur

    Keep it simple

    With the market for high-priced houses crashing, real estate developers are seeking a fortune in affordable housing and devising ways to keep the costs down.

  • 09-Jun-2009 | Raghavendra Kamath & Neeraj Thakur

    Realtors cash in on the great Indian affordable home rush

    A fortnight ago, Jaypee Greens started bookings for its housing project — Aman — at the 70-acre residential township on the Greater Noida Expresssway. All the 3,000 flats, priced at Rs 2,100 a sq ft, were sold out by the first day. ...

  • 09-Jun-2009 | Raghavendra Kamath & Neeraj Thakur

    Developers build on low margins, high volumes

    Does low-cost housing make economic sense? It seems to. Developers believe the loss in margins (20 per cent in affordable housing, against 50-300 per cent in case of premium housing) can be made up somewhat by the sheer volumes of sales. Rajeev ...

  • 06-Jun-2009 | Neeraj Thakur

    Real estate developers homing in on residential projects

    While the sudden rise in demand for affordable residential housing in the last couple of months has given the much-needed relief to real estate developers, commercial and retail segments continue to face the heat of oversupply, combined with ...