Indiabulls Real Estate on Monday reported 2-fold increase in consolidate net profit at Rs 141.6 crore for the quarter ended September.
As buyers struggle to get their flats registered due to non-payment of dues and delays by builders, the Noida, Greater Noida and Yamuna Expressway authorities have proposed a fast-track scheme for grant of NOCs for finished units even if the entire project is yet to be completed - a move that may benefit at least 50,000 buyers.
Mumbai-based Oberoi Realty has clocked sales of residential properties worth Rs 504.34 crore during the second quarter of the current fiscal, up over three times from the year-ago period.
Oberoi Realty has reported 12 percent increase in consolidated net profit at Rs 83.72 crore for the quarter ended September on higher sales.
The Minister of State for Information and Broadcasting had booked a flat in Parsvnath`s Exotica project in Gurgaon in 2006 paying around Rs 70 lakh for it. The flat was to be delivered by 2008-09.
Indiabulls Housing Finance on Friday reported a rise of 23.2 per cent in net profit at Rs 684.31 crore for the second quarter ended September 2016.
Mumbai featured on the 14th place in the list with a total wealth held in the city worth USD 820 billion.
LIC Housing Finance has reported an increase of 20.2 percent in net profit at Rs 494.76 crore for the second quarter ended September 30.
The apex court directed to refund the money to 38 buyers as buyers refuse to rely on the assurance of possession by 2017 and has directed Unitech to deposit Rs. two crore more in registry in the next four weeks.
Office space leasing in seven major cities touched a 10 quarter high at 11 million sq ft during July-September with corporates remaining upbeat on their expansion plans, according to property consultant CBRE.
The financial city of India, Mumbai was the only city from the country to feature in the latest Global Power City Index that was released by the Mori Memorial Foundation's Institute for Urban Strategies.
Real-estate firms today got a rap on their knuckles from the Supreme Court for making tall claims to purchasers which remained unfulfilled due to inordinate delay in completing the housing projects.
For the fifth consecutive year, British capital London has topped the 2016 Global Power City Index with India's financial hub Mumbai coming in at 39th position on the list that ranks the world's cities on business, innovation and culture.
Concerned over the rising land cost, realty experts believe that growth in infrastructure development will result in bringing the prices down.
India will require investments of USD 1 trillion over the next 5-7 years to meet demand from infrastructure and housing with banks, private equity and NBFCs likely to be main sources of funds, says a report.
Realtors' body NAREDCO today demanded tax relief and increase in land supply to develop affordable homes so as to help achieve the government's 'Housing for All' objective.
Mumbai-based realty firm Lodha Group on Thursday said it has sold homes worth Rs 690 crore during last 10 days in its township project at Palava.
PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.
CBI has filed a case of corruption, cheating and conspiracy against the Managing Director of Repco Housing Finance Limited and three other top officials besides two persons of a partnership firm and seized incriminating documents in searches.
Taking its experience in selling properties of Sahara and PACL for Sebi a step further, real estate advisory firm HDFC Realty is considering helping banks sell properties of defaulters and recover loans.