LODHA DLF DEAL
Indians not hesitant to buy homes in newly-launched projects, under construction projects back in demand: Report
With the implementation of RERA, homebuyers are now more confident in buying newly-launched projects. Strong sales have been reported by developers like DLF, Godrej, Sobha, Brigade, Lodha, TARC, Signature Global, and Max Estates. The NCR real estate market is undergoing a transformation.
Stocks in the news: RIL, Adani Enterprises, TCS, DLF, DMart and Tata Power
GNA Axles, 5Paisa Capital, Vikas Lifecare, Ganga papers India, Excel Realty and Add-Shop ERetail are among the companies that will announce their December quarter results today.
Renewed business confidence prompts top realtors aim higher sales, acquisitions
While land prices and deal terms are yet to turn very attractive, most developers believe that with no support to smaller developers in terms of interest moratorium from banks this year, unlike the relief offered last year, acquisition opportunities could be strong over the next 12-24 months.
Lodha may raise Rs 700 cr from Canadian fund CDPQ for township project Palava City
The talks are in advance stages and the deal is likely to be concluded soon, they added.
New accounting rules may deal Rs 20k crore blow to builders
The new accounting standard could hit the balance sheets of firms, many of which are still recovering from their debt-fuelled spending binges of the past decade.
Realtors tap big data to grow businesses
The Lodha Group, which also develops properties in downtown London, is using the tool at two of its key Mumbai projects — the New Cuffe Parade and Palava City.
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Even Trump Building is not immune to India’s real estate woes
The 75-floor Trump Tower Mumbai, which includes a 24-hour resident manager, has so far sold about 60 percent of the units since launching the project in 2014.
DLF exits cinema business, sells 7 screens to Cinepolis for Rs 64 crore
DLF Ltd had in May entered into an amended agreement to sell its 32 screens of DT cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore.
Clariant Chemicals completes Rs 1,154-crore land deal with Lodha Group
Clariant Chemicals (India) has completed the sale of 87 acres of land near Mumbai to realty major Lodha Group and received Rs 1,102.5 crore in full and final payment.
DLF net rises 10 per cent but sales drop 36 per cent
India's biggest real estate firm's net profit for the October-December 2012 quarter grew 10.1% from .
DLF to sell Gujarat wind biz to Bharat Light for Rs 282.30 cr
Country's largest realty firm DLF today said it will sell its wind turbine business in Gujarat to Bharat Light & Power for Rs 282.30 crore
Lodha announces buying US Consulate property Washington House for Rs 341.82 cr
Lodha will build a 30-storey tower housing sea-view apartments, the developer said in a statement. The project will be launched by March 2013.
DLF to raise up to Rs 3,000 crore by this fiscal-end
The company will launch three-four projects by March 2013, which would generate about Rs 15,000 crore sales realisation over the next three-four years.
Timely sale of non-core business critical for DLF's financial performance
In the September quarter, DLF sold its NTC mills land parcel in Mumbai to Lodha for Rs 2725 crore. The cash from this deal will bring down the company's debt by 13%.
DLF reduces debt by Rs 2,000 crore, to launch new projects
The net debt went up by Rs 540 crore during the July-September period to Rs 23,220 crore. Its net debt stood at Rs 22,680 crore as on June 30.
Deal with Lodha significantly positive for DLF: Edelweiss
Edelweiss has maintained ‘buy’ recommendation on realty major DLF after reports said the company got the balance Rs 725 crore as the final tranche.
Lodha Group pays balance Rs 725 crore to DLF for land parcel in Lower Parel
Lodha had earlier paid Rs 500 crore to DLF as an upfront towards equity component of the total consideration.
Lodha to expand presence in retail sector
Premium residential property developer Lodha plans to expand its presence in the sector by adding more malls to its profile.
DLF in discussion to sell Amanresorts for $350 million
DLF is in advance stage of discussion to sell luxury hospitality business Amanresorts for around $350 million (about Rs 1,900 crore).
Lodha Developers to rope in PEs to part-fund DLF land buy
DLF has signed a binding agreement with Mumbai-based Lodha Developers to sell its 17.5-acre NTC mill land in Mumbai's Lower Parel area for Rs 2,700 crore.
DLF sells plot at Lower Parel in Mumbai for 2,750 crore
DLF, has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha Developers for Rs 2,750 crore, making a profit of over 2,000 crore over seven years.
DLF Q1 net down 18% on high interest cost
India's biggest developer DLF has reported a 18%profit for the quarter ended June 30, 2012 to Rs 293 crore.
DLF Q1 net down 18% on high interest cost
India's biggest developer DLF has reported a 18% drop in its net profit for the quarter ended June 30, 2012 to Rs 293 crore.
DLF PAT seen down 23% on interest costs, margins fall
The realty major is expected to report a 23% YoY fall, weighed down by interest costs and margin contraction, according to ET Now estimates.
DLF to sell its 17.5-acre land in Mumbai's Lower Parel to Lodha Group and a PE player for Rs 2,800 crore
The deal will help the Delhi-based builder pare part of its burgeoning debt that had reached Rs 22,725 crore by March 31.
DLF, Lodha near agreement on Mumbai Textile Mills plot
Real estate analysts believe the JV, as an alternative, spells good news for Lodha and DLF, whose cash flows are quite stretched.
Lodha Group, US PE offer Rs 2,900 cr for DLF plot
Real estate experts said the higher offers could be credited to the new development control rules recently notified in Mumbai.
Despite crunch, realty sector splurges on advertising
While home sales are down and cash flows are drying, advertising spends of the real estate industry are growing at 30% year-on-year.
Cash-strapped developers wary of Street play
Real estate prices are soaring, but there are hardly any takers for developers' IPOs, thanks to slowing sales & high debt.Gainers, losers | Top picks | Mid-term Picks
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