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Realty firms opting for IPP route to meet shareholding norms

Last Updated: Sunday, March 10, 2013, 20:13

Real estate firms, including market leader DLF, are taking a contrarian view on preferred route for selling promoter shares, as they are opting for Institutional Placement Programme (IPP) as against the much sought-after Offer For Sale (OFS) mechanism.

Real estate firms under lens for alleged service tax evasion

Last Updated: Thursday, January 03, 2013, 17:57

The sleuths have searched various real estate firms and builders offices in the national capital and in suburban areas including Noida, Ghaziabad, Bhiwadi, Mumbai, Hyderabad, Kolkata, Vishakhapatnam and Chennai among others, they said.

Realty cos turn to facility mgmt outsourcing to reduce costs

Last Updated: Monday, September 19, 2011, 15:49

Amid intense pressure to reduce costs and stay competitive, global realty firms are looking to hand over facility management operations to third parties and expect to see substantial growth in outsourcing such jobs over the next 12 months, according to a KPMG survey.