real estate

Realty firm Supertech is in talks to sells its office complex in Noida for around Rs 1,000 crore as it aims to cut debt significantly and save interest cost, sources said.

ASK Property invests Rs 326 cr in housing projects of TVS group, QVC Realty, Tridhaatu Mar 19 2019

Mumbai-based ASK Investment Managers Ltd, the holding company, is a leading asset and wealth management firm and it soon plans to launch Initial public Offer (IPO) to raise an estimated Rs 2,000 crore.

Ashoka Buildcon emerges lowest bidder for Rs 443 cr railway project in Punjab Mar 05 2019

Infrastructure firm Ashoka Buildcon Tuesday said its joint venture firm has emerged as the lowest bidder for a Rs 443.23 crore worth railway project in Punjab.

Housing market to cool down despite govt support: Poll Mar 05 2019

With non-performing loans rising at major banks and financial institutions, bank lending - the main source of borrowing for developers and buyers - has dwindled, reining in a rampant property market.

SC allows Delhi Police to arrest Amrapali group CMD, 2 directors Feb 28 2019

The Supreme Court Thursday allowed Delhi Police to arrest Amrapali group CMD Anil Sharma and two directors forthwith in a criminal complaint filed against them. The apex court also directed attachment of personal properties of Sharma and other directors.

Realty market size to hit $650 bn by 2040: Niti Aayog Feb 22 2019

Indian real estate market is expected to jump over fivefold to USD 650 billion by 2040 and its share in the country's gross domestic product (GDP) is set to double from the current seven per cent, Niti Aayog Vice-Chairman Rajiv Kumar said on Friday.

Ashoka Buildcon wins Rs 1,382 cr contract from NHAI in Karnataka Feb 21 2019

The contract to build 56 km highway stretch is under hybrid annuity mode (HAM) under which the government provides 40 per cent of the project cost to start work, while the remaining investment is made by the developer.

Mahagun to invest Rs 600-cr on commercial project in Greater Noida Feb 19 2019

Realty firm Mahagun Group will invest over Rs 600 crore in the next four years to develop a commercial project in Greater Noida West near here, a company official said.

Treating home buyers as creditors increases default risk for developers Feb 19 2019

The time-bound nature of the insolvency process provides a limited window for developers to reach settlement with the aggrieved buyers, failing which the resolution professional takes over the management, rating agency Icra said in a report Tuesday.