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Brookfield India Real Estate Trust to acquire 50% stake in four Bharti Enterprises assets
The acquisition by Brookfield India Real Estate Trust includes commercial properties totalling 3.3 million sq ft, at an enterprise value of c. Rs 60,000 million.
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Government proposes holding builders, brokers responsible for unsolicited calls
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MahaRERA proposes self-declaration of project quality by builders
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DLF's net profit increases by 61.49% in Q4 FY24
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NCLAT halts ATS project's insolvency process
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IL&FS seeks fresh MMRDA approval for transfer of headquarter in Mumbai
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Uttar Pradesh govt cancels allotment of two land parcels in Noida to M3M Group
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Delhi court refuses to extend Supertech chairman's interim bail
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DMart buys land in Mumbai's Chandivali for Rs 117 crore
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China’s property shares jump on report of government plans to buy unsold homes
Defaulted private developer Fantasia and KWG Group jumped 63% and 40% respectively, while state-backed Sino-Ocean Group surged 46%.
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No quick fix for housing shortage: Reserve Bank of Australia
In a speech on the housing sector RBA Assistant Governor Sarah Hunter said there were signs that builders were considering new projects given the strength of underlying demand, but high costs for products and labour were holding them back.
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New Zealand's Kiwi Property agrees to conditional sale of commercial tower in Auckland
Vero Centre, a flagship office asset in the company's portfolio, is being sold at a discount of 1.9% to its last year's September valuation, but at a property-level return of 11% from inception, Kiwi Property said in an exchange filing.
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Germany’s Aareal hikes provisions as property stress drags on in Q1 2024
The bank, which nevertheless posted an increase in quarterly profit, also announced that its finance chief would leave, news that comes weeks after a new chief executive was appointed.
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European Central Bank says stress in home loans manageable despite high rates
Record high interest rates, imposed by the ECB to bring down inflation, have taken a toll on house prices, particularly in countries where there had been boom when rates were low, such as Germany.
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Keystone Realtors' profit falls 60% to Rs 31 crore in Q4 FY24
Total income rose to Rs 826.15 crore in the fourth quarter of the last fiscal from Rs 357.63 crore in the corresponding period of the previous year, according to a regulatory filing.
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NCLT sets aside Syska LED Light insolvency process as company, lender settles matter
Syska LED Lights is part of the Pune-based SSK Group, an exclusive distributor of Samsung mobiles, accessories and tables for five states in Western India.
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LIC Housing Finance's net profit dips 9.14% in Q4 FY24
LIC Housing Finance's net consolidated total income stood at Rs 6,948.61 crore in Q4 FY24, a growth of 8.04 per cent from Rs 6,431.23 crore it recorded in the similar quarter last year.
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Signature Global (India) posts net profit of Rs 41.25 crore in Q4 FY24
Signature Global (India) board has approved the investment of Rs. 34.74 crore in the 3,47,49,900 equity shares of Rs 10 each of Gurugram Commercity for cash at par.
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Brookfield India Real Estate Trust to acquire 50% stake in four Bharti Enterprises assets
The acquisition by Brookfield India Real Estate Trust includes commercial properties totalling 3.3 million sq ft, at an enterprise value of c. Rs 60,000 million.
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Spain's ACS net profit rise by 16% in Q1 2024
The company booked a net attributable profit of 177 million euros ($191.11 million), above the average of analysts' expectations of 172.5 million euros in an LSEG survey.
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Home Depot sales drop more than expected as wary customers delay big projects
Customers have slashed discretionary spending and put pricey renovations on hold as they adjust to higher borrowing costs and elevated inflation, leading to a turbulent 2023 for home improvement retailers like Home Depot and Lowe's Cos.
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Germany's PBB reports $31.27 million profit in Q1 2024
The bank's quarterly profit was 29 million euros ($31.27 million), compared with 27 million a year earlier, while provisions for loan losses shot up to 47 million euros from 2 million euros last year, it said on Tuesday.
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Irish builders issue 17,600 commencement notices for homes in April
Housing has been the number one political issue for years in Ireland. A severe shortage of affordable housing has pushed rents to record highs with house prices growing at a rate of 6.1% year-on-year, despite a jump in borrowing costs.
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Aadhar Housing Finance shares ends over 5% higher on debut
On the BSE, the stock made its debut at Rs 314.30, a dip of 0.22 per cent from the issue price. In intra-day, it climbed 8.95 per cent to Rs 343.20. Later, it ended at Rs 329.55 each share, up 4.61 per cent.
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Government proposes holding builders, brokers responsible for unsolicited calls
Government proposes measures to crack down on pesky calls by holding entities accountable for contacting people through unregistered numbers.
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Big-name funds pile into real estate debt as banks retreat
U.S. fund firms PGIM, LaSalle and Nuveen, Canada's Brookfield and QuadReal, Britain's M&G, Schroders and Aviva, and France's AXA all told Reuters they plan to increase their credit exposure to property.
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DHFL scam: CBI arrests Dheeraj Wadhawan in Rs 34,000-crore bank fraud case
The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday.
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Oberoi Realty's net profit up 64.07% in Q4 FY24
Oberoi Realty's net consolidated total income stood at Rs 1,558.56 crore in Q4 FY24, a growth of 56.62 per cent from Rs 995.11 crore it recorded in the similar quarter last year.
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Bajaj Electricals' net profit down 43.4% to Rs 29 crore in Q4 FY24
Consolidated total revenue from operations in the quarter under review was Rs 1,188.08 crore as compared to Rs 1,291.97 crore in the same period a year ago, it added.