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Mumbai: A number of builders in Mumbai are converting their office projects into residential ones amid poor sales and falling rentals in the commercial space. In the backdrop of tight liquidity, builders are also finding it easier to work on … Continue reading
Poor buying sentiments in the housing market of Ahmedabad seems to be pushing several large real-estate companies to explore business opportunities and diversify their risks in the tried and tested, ‘affordable,’ format of one-bedroom-hall-kitchen or 1 BHK. Godrej Properties on … Continue reading
MUMBAI: Godrej Properties has tied up debt of nearly Rs 500 crore for its commercial project Godrej BKC in Bandra-Kurla Complex in Mumbai, said a top company official. The debt will be part of total investment of Rs over 2,000 … Continue reading
Mumbai: Godrej Properties today posted a 23.97 per cent rise in net profit for the quarter ended December 31, 2012 at Rs 35.48 crore, mainly on improved sales resulting from new projects despite a flat sentiment in overall real estate … Continue reading
Mumbai: Realty firm Godrej Properties today said it has created a Rs 770-crore residential development platform with international investors led by Dutch firm APG Sparinvest Property Investors, to develop mid-income residential projects in the big cities. The initial commitments will … Continue reading
Mumbai: With limited availability of open land parcels in the city, major developers are now looking at venturing into the redevelopment space, say industry experts. “Due to scarce availability of unoccupied land, growth in real estate, particularly in terms of … Continue reading
There may be some respite for real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track project clearances that have been gathering dust for over one year, … Continue reading
Mumbai: Bullish on improvement in the real estate sector in the next couple of months, Godrej Properties, the real estate arm of Godrej Group, plans to continue its focus on residential space, a top company official said. “Though there is … Continue reading
Mumbai: With redevelopment becoming the in thing in the real estate sector, realty player Godrej Properties (GPL) plans to expand its project portfolio in this segment, a top company official said. “Mumbai requires a large number of redevelopment projects especially for … Continue reading
New Delhi: Real estate company Assotech and private equity firm Sun-Apollo today announced the development of a housing project in Gurgaon at an investment of about Rs 500 crore over the next three years. Sun-Apollo Real Estate Advisors has invested Rs … Continue reading