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Property / C'struction

May 21, 2019, 06.24 PM IST
11,709.10-119.15
Stock Analysis, IPO, Mutual Funds, Bonds & More
Warburg, Runwal create $1-billion JV for realty play

An affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million of debt to create a total corpus of $1 billion.

Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

Piramal Realty sold nearly 1,000 apartments in the last fiscal, with South Mumbai accounting for more than half of the total sales.

Piramal Realty aims to double its portfolio

Real estate subsidiary of Piramal Group is also open to roping in more foreign investors to support its growth, going forward.

DivyaSree and ADIA to develop commercial projects together

While ADIA will put $200 million in the dedicated commercial office development platforms in India, the balance will be put in by KIAL and DivyaSree Developers.

NBCC’s revised Jaypee bid put to vote

“Both home buyers and financial creditors will start voting on NBCC’s revised proposal on Thursday and the process will conclude on Sunday,” said one of the persons mentioned above.

Jaypee Infratech lenders decide to put NBCC’s revised bid on vote

Earlier, the creditors' panel did not allow vote on NBCC's bid citing lack of approvals from the government departments. NBCC has now got all the necessary approvals.

NBCC decides not to dilute conditions in revised offer for Jaypee Infratech

On Friday, lenders wrote to the NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

Avanta India takes 20,000 sq ft office space on lease in Delhi to open co-working centre

The new centre will have 280 seats, he said, adding that the company charges anywhere between Rs 15,000 to Rs 50,000 per seat depending on location.

Institutional investors switch focus to entity-level exposure

Private equity funds pumped in $3.3 billion in Indian realty via such transactions between 2017 and 2018.

JIL resolution faces stalemate over NBCC bid conditions

Lenders of JIL asked NBCC in its meeting on Friday to withdraw some of its clauses, including that of exemption from a tax liability.

In relief to buyers, realtor told to refund 'excess' GST

In relief to buyers, realtor told to refund 'excess' GST

Several builders have not been passing on the benefit on tax credit on inputs such as cement, steel, paints and sanitary-ware, arguing that it will be done at the time of possession.

Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions

Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions

Clarification has been sought in the backdrop of Jaypee Infratech's Interim Resolution Professional flagging to the lenders that NBCC's bid was conditional and non-binding.

Can’t construct Amrapali projects: Noida authorities

Can’t construct Amrapali projects: Noida authorities

They said that as government entities keeping the interest of home buyers in mind they had not cancelled the lease agreements with Amrapali despite repetitive default of payment.

Irked over non-cooperation in forensic audit by Unitech, SC withdraws facilities of promoters

Irked over non-cooperation in forensic audit by Unitech, SC withdraws facilities of promoters

The top court said the Chandra brothers should be treated like ordinary prisoners as per the prison manual of Tihar jail here where they have been lodged since 2017.

Jaypee Infra Lenders Seek Clarity on NBCC’s Revised Bid, to take a call on Tuesday

Jaypee Infra Lenders Seek Clarity on NBCC’s Revised Bid, to take a call on Tuesday

The Committee of Creditors (CoC) met Thursday to discuss NBCC's revised offer after it rejected the bid of Mumbai-based Suraksha Realty on May 3 through a voting under the insolvency proceedings.

HDFC puts Jet Airways' office space for sale to recover Rs 414 crore

HDFC puts Jet Airways' office space for sale to recover Rs 414 crore

Jet Airways, which temporarily shuttered operations on April 17, owes around Rs 414 crore to HDFC.

PROPERTY / C'STRUCTION STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Infrastructure3151.9-36.2-1.140
DLF171.5-2.25-1.2912077133
Oberoi Realty555.45-11.15-1.97313595
Godrej Properties848.2-1.35-0.16312189
NBCC (India)56.3-0.9-1.575334904
Prestige Estates Projects265.44.81.84191763
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