Omaxe defers mega fund-raising plan
Delhi-based real estate developer Omaxe has postponed its plan to raise Rs 1,500 crore through private placement until a favourable time. This follows Unitech’s decision to put on hold $1.5-billion...
View ArticleDeteriorating IT Boom Affects Real Estate
Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and...
View ArticleDouble whammy for high-end luxury realty market
The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market...
View ArticleIndian Firm In S And P Asia Property 40 Index
The sharp fall in shares of realty majors in India has meant that not a single Indian real estate company figures in Standard & Poor’s Asia Property 40 Index. The index comprises forty Asian realty...
View ArticleForeign Investors May Avoid Real Estate
Foreign investors may shun the Indian real estate market as lower asset prices in the US and the potential to earn better returns skew the risk-reward equation against emerging markets such as India....
View ArticleRetailers Eye Lower Rentals, Freeze Expansion
The real estate market is increasingly behaving like the stock market these days. Just like buyers on the Street are putting off their purchases in anticipation of the market falling further, a...
View ArticleGulf Parent Comes To Emaar MGF’s Rescue
In what would be the first major fund infusion into the Emaar MGF Group after a failed IPO, one of its promoters, Dubai-based Emaar is learnt to be investing $150 million to pick 20-25% stake each in...
View Article