Roberto Cavalli plans to open a 3,500 sq ft store at the ground floor of Delhi's DLF Emporio Mall in May, a person familiar with the matter told ET.
If the social networking site gets a valuation of $100 billion in its upcoming initial public offer, Narendra will be richer by about $20 million.
The company had earlier bought a commercial plot of land from DLF in 2010-11 in Gurgaon's sector 65 on which it is developing an office building.
Parsvnath Developers has reported a drop of 28% in its consolidated net profit because of higher inflation, input costs, administrative and manpower cost.
India's largest real estate developer, DLF Ltd, said it is banking on the sale of Aman Resorts and wind energy venture to significantly reduce its Rs 22,758 crore debt.
The country's biggest real estate company DLF has said its consolidated net profit for the third quarter fell 44.6% and cautioned that it would take another few quarters for it to regain full momentum.
Deutsche Bank has exited the country's biggest FDI in real estate sector - a Rs 1,640-crore investment it made in Mumbai's Lodha Developers.
The commercial office space market in India has slowed down in the October-December quarter of 2011, after a few strong quarters.
For the past few months Nitesh Shetty has been chasing the Japanese power-dining brands Nobu and Hakkasan, and Michelin multi-starred chefs like Alain Ducasse.
Companies averse to buying, renting space in central business district due to high costs & poor quality
Famed and feted for its sales prowess, India's top consumer goods company, Hindustan Unilever, appears to be struggling to close one deal.
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