Tag: Real estate projects

Godrej Properties adds 8 new projects worth Rs 16,500 cr so far in FY23

NEW DELHI: Enthused by strong housing demand, Godrej Properties is aggressively acquiring land for future development and has added eight new projects so far this fiscal with an estimated revenue potential of Rs 16,500 crore. With four months still left in 2022-23 financial year, Godrej Properties Executive Chairman Pirojsha Godrej is hopeful that the company […]

Gurgaon MNCs may have to work from home till July end, some real estate projects can resume work

NEW DELHI: MNCs, BPOs and IT enabled services (ITES) in Gurgaon may have to allow their employees to work from home till the end of July, says Gurgaon Metropolitan Development Authority CEO V S Kundu. Kundu, who is also additional chief secretary of Haryana, added that several real estate projects, including those of DLF, have […]

About 450 real estate projects are facing insolvency proceedings

NEW DELHI: Representing 12500 members, 21 state and 204 city level chapters, CREDAI, whole heartedly supported the government in its endeavour to develop a roadmap for accelerated development of the sector, at the first ever National RERA Conclave, organised by Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA) along with Government of India and Government […]

Danger ahead: $63 billion stalled real estate projects a threat for Indian banks

By Suvashree Ghosh & Dhwani Pandya  NEW DELHI: Ashish Shah is caught in the middle of India’s latest financial crisis. As chief operating officer of Radius Developers, he’s struggling to fund construction of apartment complexes because of a liquidity crunch in the nation’s bloated shadow-banking sector. “Real estate is a sitting duck,” said Shah. “The […]

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