Author: xperthomez

Realty firm Sobha Ltd on Tuesday reported a 65 per cent decline in its consolidated net profit at Rs ₹17.9 crore for the quarter ended March 32, 2021. Its net profit stood at ₹50.7 crore in the year-ago period. Total income fell to ₹588.9 crore in the fourth quarter of last fiscal year from ...

The All-India HPI increased by 2.7 per cent year-on-year (yoy) in Q4FY21 vis-a-vis 3.9 per cent growth a year ago, according to the Reserve Bank of India’s quarterly HPI. HPI growth showed large variation across major cities, from an increase of 15.7 per cent (Bengaluru) to a contraction of (-)3.6 per cent (Jaipur). HPI ...

Aparna Enterprises Limited has announced plans to invest ₹100 crore to build its aluminium window and door system brand Alteza in the next 4 years. The investments will be used for strengthening its product portfolio, manufacturing facility and retailing. It also launched its latest range of slim aluminium sliding door system ACA M-19 Series. ...

Bhaskar T Nagendrappa has taken charge as the 15th President of Credai Bengaluru. He has a tenure of three years (2021-2023) and has taken charge from outgoing president Kishore Jain. Suresh Hari will continue to be the Chairman of Credai Bengaluru till 2023 and Anil Nayak continues to be the CEO. The following are ...

Arihant Superstructures, an affordable housing focused real estate company has reported that its net profit jumped 95 per cent to ₹13 crore (₹7 crore) on reduction in inventory. Income during the quarter was up 98 per cent at ₹124 crore (₹63 crore) with the Ebitda increasing 35 per cent at ₹21 crore (₹15 crore). ...

JSW Cement has entered the Ready Mix Concrete (RMC) business with its first commercial unit in Chembur. The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects. As part of its commitment to reduce carbon emissions, JSW will use ...

Having tasted success with redeveloping an iconic building in the United Kingdom, the Old War Office (OWO), the Hinduja group has created a new business vertical to undertake similar development projects in different parts of the world. “Our development company Westminster Development Services will be our twelfth vertical of the group. Now we are ...

JLL launched an exclusive Pune city report titled ‘Real Estate in Post Pandemic Pune – Opportunities in the making’ which highlights that the city attracted institutional investments of ₹9,600 crore during 2015-20. The report further states that office assets accounted for the highest share of 49 per cent of the total institutional investments due ...

Demand in peripheral areas in major cities which were muted before the Covid-19 pandemic is now seeing renewed demand and supply. “The previous desire to live in city centres — closer to workspaces, children’s school, etc — has reduced markedly with the advent of work from home (WFH) and e-schooling options in the post-pandemic ...

Brigade REAP, a real-estate accelerator programme by Brigade Enterprises, has announced its first PropTech syndicate fund – PropTech@REAP on LetsVenture, full stack private marketplace that helps in facilitating fund-raising for start-ups. Brigade REAP also has invited applications from start-ups for its 10th cohort with specific focus on robotics and automation, sustainability and alternate material. ...