Tag Archive | "Unitech"
Realty: Slowdown in demand in long term likely
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...Unitech to launch 13 new projects in 2-3 months
Thursday, February 11, 2010
Real estate major Unitech today said it plans to launch 12-13 new projects, most of them residential, in the next few months. We will be launching 12-13 new projects, predominantly in the residential side, in next 2-3 months across the country,” Unitech Managing Director Sanjay Chandra told reporters here. The total space of these new projects would [...]
Continue reading...Real Estate Major Unitech Withdraws Proposal to Raise Rs 3200cr via FCCBs
Wednesday, January 20, 2010
Unitech, India’s second largest real estate company, has withdrawn its proposal to raise $700 million (Rs 3,200 crore) through foreign currency convertible bonds (FCCBs). The Indian realty segment was hit bad by the recent financial slowdown as demand for new homes dried up even as cost of finance went up. Feeling the pinch, Unitech had [...]
Continue reading...Unitech sells properties worth Rs 5,553 cr during Mar-Dec 2009
Tuesday, January 12, 2010
Unitech Ltd, the country’s second largest realty firm, has sold properties worth Rs 5,553 crore in ten months till December 2009 on the back of improved demand for affordable housing. The company is well on course to exceed the targeted Rs 6,000 crore of sales in 2009-10 fiscal. In a presentation to investors, Unitech said it has sold [...]
Continue reading...Unitech to invest Rs 4,000 cr in Construction of 30 mn-sq-ft Residential and Commercial Space
Saturday, December 5, 2009
The country’s second largest real estate developer Unitech today said it will invest Rs 4,000 crore in construction of up to 30 million sq ft of residential and commercial spaces to be launched by next year. The company is also planning to hike the prices of its upcoming properties by 10-12 per cent in 2010. [...]
Continue reading...Orrisa Government may Cancel Agreement with Unitech
Thursday, December 3, 2009
The Orissa government today said that it may cancel the agreement with ‘Unitech’ for a 10.74 acre land in Bhubaneswar, if any developer bids more than the reserve price for the land, which has been put up for retendering after the real estate major defaulted in its payment to the Bhubaneswar Development Authority (BDA) Unitech [...]
Continue reading...No impact of Dubai crisis on Indian realty market: Developers
Friday, November 27, 2009
A majority of big real estate developers in India today said they are insulated from the financial crisis in Dubai and it will not have any impact in the country’s property market. DLF, Unitech, Parsvnath Developers and Emaar MGF all said they have no exposure in Dubai, while Omaxe said it has an investment of Rs [...]
Continue reading...Realty index slumps after policy review
Tuesday, October 27, 2009
By 11:54am DLF, the top listed firm was down 4.9% at Rs409.05 and rival Unitech fell 6.7% to Rs86.6 India’s real estate index slid almost 8% to a two-month low on Tuesday, after the central bank withdrew some liquidity measures and raised banks provisioning requirements for commercial real estate exposure. Real estate firms, who were propped up [...]
Continue reading...FIR filed against real estate firm Unitech
Sunday, October 25, 2009
Unitech sold its apartments in the Grande project in Noida in 2007 without getting the requisite layout and building plan sanctioned alleges an FIR registered by the Economic Offences Wing (EOW) of Delhi Police. Interestingly, the developer had bought the land from the Noida Authority in an auction to develop a township in June 2006. The [...]
Continue reading...Low-cost home projects may save the day for realty
Thursday, October 22, 2009
DLF and Unitech, the two biggest real estate developers, are poised to lead the sector in reporting that profits plunged in the September quarter Brick by brick as sales were lower than a year ago due to high prices. But earnings may be better than the June quarter as sale of low-priced homes brought in [...]
Continue reading...Unitech sells property worth Rs 4,000 crore since March
Wednesday, October 14, 2009
Unitech Ltd, the country’s second-largest realty firm, has sold properties worth about Rs 4,000 crore. This includes nearly two-third from the housing segment, at its projects launched since March this year. In seven months, the company has launched more than 30 projects, with a saleable area of 21.3 million sq ft. Of this, it has already [...]
Continue reading...Buyers raid house Unitech office
Friday, October 9, 2009
More than hundred people from Delhi and National Capital Region towns — Faridabad, Gurgaon, Noida and Ghaziabad — attempted to gatecrash the Gurgaon office of real estate developer Unitech on Thursday. The protestors said Unitech’s Habitat Apartments in Greater Noida was supposed to be ready and handed over to the buyers by June this year. The buyers [...]
Continue reading...Realty firms start raising prices
Wednesday, September 16, 2009
DLF, the country’s largest property developer, will soon conduct a poll among property brokers to decide the pricing and number of apartments to be offered in the second phase of its Capital Greens project in West Delhi. It’s a novel experiment, but property brokers in Delhi say the company is trying to test the waters in [...]
Continue reading...Demand up for NCR budget houses
Friday, September 11, 2009
New Delhi: Even as the economic recession is running its course, there is one area where the shadow of gloom has not fallen. The demand for affordable houses in the NCR has, in fact, gone up as more and more people are coming forward to buy their dream house. According to reports by leading property consultant [...]
Continue reading...DLF bid for leisure project accepted
Friday, August 28, 2009
The Haryana government has accepted the bid of DLF Ltd for setting up the 350 acre Recreation and Leisure Project in Gurgaon. The project comprises commercial, residential, sports and golf course facilities. DLF had quoted a bid price of Rs 12,000 per square metre as against the reserve price of Rs 11,978 per square metre. Officials [...]
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- NOIDA : Circle Rate may be increase by 20 percent
- Rainwater harvesting: 600 property owners seek tax concession
- Building plan for luck
- Encumbrance certificate discloses charge on property
- Rights of a mortgagor
- Bangalore : Reduction in Stamp Duty to benefit buyers
- Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
- Emaar MGF to invest Rs 500cr on Gurgoan housing project
- Metro Rail take four years to go Greater Noida
- Tallest Indian skyscraper gets its act together
Monday, March 8, 2010
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