Property Dealers and Real Estates in Mumbai

Unitech, the second largest realtor by market capitalisation, plans to repay over Rs 1,000 crore of debt in FY11 and its main focus for the year would be Mumbai. Sanjay Chandra, managing director, Unitech Ltd, said on the sidelines of Fitch debt market conference: Whatever surplus cash flows we ...

The promoter Wadia family at Bombay Dyeing — a textile company, which also owns vast tracts of land in Mumbai — is considering raising its stake through a preferential issue of warrants. In a communique to the Bombay Stock Exchange, Bombay Dyeing said its board is meeting on February ...

TOI has learnt that PACL's registered office is in Jaipur and it also maintains a corporate office at Barakhamba Road in Delhi. What is intriguing is that although PACL claims that its basic operations are centred around agricultural activities, the nearly 400 sq km of land that it has bought ...

India's property market is in a downturn. After nearly four years of a real estate boom, prices have dropped 20-40% since their peak, property sales have fallen over 50% year-on-year (y-o-y), and developers are burdened with many unsold and unfinished projects. The economic recession has taken hold, and bank lending ...

Unitech Ltd, the second-largest real estate developer in the country, has been able to generate sales of Rs 5,553 crore in the first nine months of the current fiscal. According to operational update released by developer for investors, the company delivered area of 5.62 million square feet by December and ...

The property market crash has foiled the plot for the Mumbai Metropolitan Region Development Authority (MMRDA), which relies on selling the land in its possession at market rates to fund infrastructure projects. Worried that the trend will continue, the authority is toying with a new revenue stream — of leasing ...

The 269-room property is located on the Western Express Highway, close to Mumbai International Airport and the Film City. The hotel offers a spa, fitness centre, outdoor pool, an Indian speciality restaurant and an Italian restaurant. The 900sqm of event space includes nine meetings rooms. Starwood's additional Westin launches will include: The Westin New ...

Mumbai-based real estate company Royal Palms, which is developing a 240-acre mixed-use project at suburban Goregaon here, is offering commercial space at Rs 2,999 per sq ft, at a 35 per cent discount on current rates, in an attempt to clear commercial space inventory. In August, the developer sold residential space ...

Godrej Properties Ltd (GPL), a realty firm promoted by Godrej Industries Ltd and Godrej & Boyce Manufacturing Company Ltd, will enter the capital market with its proposed initial public offer (IPO) on December 9. The offer will close on December 11. GPL has fixed the price band between Rs 490 ...

A federation of housing societies, claiming the rights to use a property at Juhu Vile Parle Development Scheme, failed to get any relief from the Bombay High Court after the court upheld the Maharashtra Housing and Area Development Authority (MHADA)’s decision to allot the plot to another housing society in ...