Tag Archive | "Unitech"
Unitech all set to Acquire New Projects
Buoyed by an over 14 per cent jump in its consolidated quarterly net profit, the country’s second largest realty firm Unitech is all set to explore possibilities for acquiring new projects in the coming months. The company had reported its consolidated net profit for the quarter ended June 30 at Rs 180.04 crore compared to Rs [...]
Continue reading...Unitech makes bulk of its Apr-June sales in NCR
Monday, August 9, 2010
Unitech Ltd, the second largest real estate developer in the country, sold properties worth Rs 1,299 crore during the first quarter of this financial year, predominantly for housing. The company sold areas worth 3.01 million sq ft in the quarter, of which 2.61 million sq ft were sold in the residential space. The residential segment contributed [...]
Continue reading...Unitech Ends Joint Venture with Mumbai-based Omkar Realtors Developers
Friday, August 6, 2010
Unitech Ltd, India’s No. 2 realtor by market capitalisation, is completely exiting Unitech Omkar, its joint venture with Mumbai-based Omkar Realtors Developers, DNA has reported, citing sources close to the development. Though the venture had fallen apart in May, the partners were believed to have decided to continue the projects launched by the company as individual [...]
Continue reading...Unitech offers to acquire London-listed group firm
Wednesday, July 28, 2010
Realty major Unitech today said it has offered to acquire London-listed Unitech Corporate Parks through an all cash deal worth nearly Rs 700 crore, which is 22 per cent more than the current market valuation. UCP, which was formed in late 2006 by Unitech, among others, to invest in Indian commercial real estate, had raised 360 [...]
Continue reading...DLF, Unitech, Emaar & Ansal plan to launch Rs 2 cr plus homes
Tuesday, July 27, 2010
Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand. Sensing this turnaround, a [...]
Continue reading...Unitech FY10 net down 44% at Rs 675 cr
Saturday, May 29, 2010
Unitech, the country’s second-largest realty firm, today reported 43.64 per cent decline in its net profit for 2009-10 fiscal at Rs 675.05 crore, mainly due to lower margin in affordable housing projects. It had posted a net profit of Rs 1,197.71 crore in the previous financial year. The net sales, however, rose marginally to Rs 2,931.33 crore [...]
Continue reading...Realty firms diversify to boost cash flows
Friday, May 14, 2010
Developers are looking at infrastructure construction and civil contracts as regular sources of income A recent announcement by Hiranandani Constructions Pvt. Ltd that it would set up a Rs10,000 crore power plant near Pune is just the latest in a trend that has seen real estate developers diversify into infrastructure construction and civil contracts. “Diversifying into other [...]
Continue reading...Unitech sold properties worth Rs 7,033 cr in 2009-10
Tuesday, April 27, 2010
Unitech Ltd, the country’s second largest realty firm, sold properties worth Rs 7,033 crore during the last fiscal on the back of a revival in housing demand, particularly in the affordable segment. In a presentation to investors, the company said it has become a key player in all four metros. Earlier, Unitech had a greater presence [...]
Continue reading...Unitech floats Rs 300-crore Mumbai redevelopment fund
Monday, April 19, 2010
Unitech Group, which runs the country’s second-largest developer, Unitech Ltd, launched a Rs 300-crore venture capital fund to raise funds for its slum redevelopment projects in Mumbai, a top group executive said. Called Mumbai Redevelopment Fund I, the fund will have an initial target of Rs 200 crore and a greenshoe option of Rs 100 crore, [...]
Continue reading...Ansal properties to raise Rs70 crore
Saturday, April 17, 2010
However, Ansal Properties has now deferred the plan as sales and prices have recovered from their downturn troughs Ansal Properties and Infrastructure is set to sign a private equity deal to raise Rs700 million for one of its residential projects, a top official said on Friday. “We are signing private equity in a project. The deal is [...]
Continue reading...Singapore turns on its charm for Indian real estate firms
Tuesday, April 13, 2010
HONG KONG | SINGAPORE: The success of Singapore’s first real estate trust offering this month has prompted talk that other similar, previously shelved, offerings are now being dusted off. India’s top real estate firms, DLF and Unitech may revive their Singapore IPO plans, banking sources said, while the Embassy Group is actively looking into raising funds [...]
Continue reading...Unitech appoints E&Y, two others as advisors for demerger
Tuesday, April 6, 2010
Realty major Unitech today said it has appointed Ernst & Young and two other adviser for exploring opportunities for potential restructuring of its businesses to unlock value for shareholders. Further, the company’s board of directors has constituted a ‘restructuring committee’ for evaluating opportunities for “potential merger of subsidiaries, demerger and other forms of restructuring, or acquisition, [...]
Continue reading...Unitech board to discuss appointment of advisors for demerger
Wednesday, March 31, 2010
Unitech Ltd, the country’s second largest realty firm, said on Wednesday that its board will meet on April 6 to discuss appointment of advisors for exploring opportunities for a potential restructuring of its businesses to unlock value for shareholders. In a filing to the BSE, Unitech said the board will “consider appointing advisors for exploring opportunities and [...]
Continue reading...Property rates likely to come down in Haryana
Monday, March 22, 2010
REDUCTION Buyers to benefit from lower development charges All those who purchased apartments, plots or built-up houses in Gurgaon and other Haryana towns in 2006 and later, may get some refunds from their respective develop- ers as the Haryana government might reduce the rate of external development charges (EDC) it charged from developers dur- ing this [...]
Continue reading...Realty: Slowdown in demand in long term likely
Monday, March 8, 2010
The Union Budget 2010 has not been able to do much for the realty sector. Though some announcements were made, a lot remained unsaid. Proposals like a one-year extension for completing housing projects to claim tax benefit or allowing a larger proportion of commercial space in township projects or one-year extension for interest rate subvention [...]
Continue reading...
- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Monday, August 16, 2010
0 Comments