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Home registrations in MMR up 35% this month; best performance in 10 years for September: Knight Frank

Home registrations in MMR up 35% this month; best performance in 10 years for September: Knight Frank
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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Listed realty companies shed 37% of debt in 18 months: ICICI Securities

Companies such as DLF, Sunteck Realty, Sobha and Brigade Enterprises relied on the organic route to bring down net debt in FY21 while Oberoi Realty was able to maintain its balance sheet, which already had low debt even before the Covid pandemic, said the report. ....

West Bengal , Sunteck Realty , Brigade Enterprises , Macrotech Developers Lodha , Blackstone Group , Oberoi Realty , Phoenix Mills , Island Star , Godrej Properties , Prestige Estates , Icici Securities ,

debt levels: Listed developers' net debt levels have declined by 37% post Covid: Report

This has been achieved through a combination of reduction in cost of debt by 80-160bps, reduction in corporate overheads by 20-40% from pre-Covid levels, operating cash surpluses, asset sales and equity capital raises either through the QIP route or through dilution at the SPV level. ....

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Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company

Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Macrotech Developers Lodha , Macrotech Developers ,

Macrotech Developers (Lodha) update on dispute with World Crest society

Macrotech Developers (Lodha) announced that the company has outstanding claims from the World Crest society (society) members towards payment of maintenance charges of approximately Rs. 9 crore.
The society/its members have not made payment of these amounts in spite of constant follow-up. It is understood that the society has filed a suit in the National Company Law Tribunal (NCLT) for payment of Rs. 7.2 crore from the Company.
The Company has been advised that this is a contractual dispute and intends to defend these proceedings and take appropriate measures to recover the moneys due to it from the society.
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