NEW DELHI: Indiabulls Real Estate Ltd Friday announced plans to sell 50 per cent stake in two office assets in Gurugram to a global investment firm. In a regulatory filing, the Mumbai-based developer said it has “entered into a non-binding term sheet with a globally renowned real estate investor to divest its 50 per cent…
NEW DELHI: India’s largest realty firm DLF will wait for capital market to stabilise to launch its QIP for raising about Rs 4,000 crore. “We are waiting for a calmer market to launch QIP (Qualified Institutional Placement),” DLF’s group CFO Saurabh Chawla said in a conference call with analysts. DLF plans to issue up to…
MUMBAI: Dewan Housing Finance (DHFL) has bought back about Rs 2,000 crore worth of commercial papers, or short term debt instruments, before their scheduled maturities in a move aimed at instilling confidence among investors.The company approached institutional investors over the past few days to buy back these short-term papers ahead of their scheduled maturity dates,…
File photo NEW DELHI: The Supreme Court Thursday came down heavily on the Delhi Development Authority and other civic agencies for keeping “their eyes closed” on misuse of residential premises for commercial purpose since 2006 that has led to a “mess” in the national capital. The apex court said authorities, including the court-mandated monitoring committee,…
NEW DELHI: State-owned NBCC Thursday said it will submit a detailed project report (DPR) of Amrapali Group’s 16 stalled projects to the Supreme Court next week and is mulling developing similar projects of other real estate firms. In September, the Supreme Court had appointed NBCC to develop stalled projects of the Amrapali Group following the…
File photo The Noida Authority on Thursday gave its in-principal approval to conversion of land holding rights from “lease hold” to “freehold” subject to nod from the Uttar Pradesh government, according to officials. The decision which could have a significant impact on real estate and property in the city adjoining the national capital was taken…