Real estate

Aug 20, 2008 at 12:50 o\clock

UNITECH: REALTY CHECK

by: vprashantkumar   Keywords: commercial, plots, Real, Estate, India, residential, flats

  In its balance sheet for the year to March 2008, the Unitech management has sounded a cautionary note. "It is quite clear that after a fairly long bull run, the real estate sector in India has begun to show signs of slowing down to more realistic equilibrium rate of growth. The first signs of market slackening were evident in the second half of FY088. The correction has become more pronounced thereafter." In the June 2008 quarter, revenues for the developer were up a somewhat disappointing 19 per cent to Rs.1000 crore y-o-y although the operating profit margin improved 114 basis points y-o-y to 59 per cent due to increased contribution from the residential segment. The profit after tax was pushed up by lower outflows on interest and a lower provisioning for tax. The company has been able to rope in an investor for a project being executed by Shivalik Ventures - a joint venture between unitech and local Mumbai developers.Lehman Brothers Real Estate will invest Rs.740 crore for a 50 per cent stake in the first phase of the project to develop one million square feet in Mumbai. The inflows should help ease Unitech's cash flows - the company's gross debt is estimated at around Rs.8,600 crore and analysts estimated that the average cost of the debt should be about 12 per cent. Outflows on interest had increased to Rs.280 crore in FY08 from Rs.120 crore in the previous year. It is believed that a couple of the firm's projects in Chennai and Hyderabad may have been pushed back because of delays in approvals. The firm has a strong presence in the eastern and northern parts of the country and residential projects account for close to 75 per cent of its land bank. Of the approximately 55 million sq feet under construction currently, about 30 million sq ft is in the residential segment. Analysts estimate the net asset value of the firm at around Rs.200 per share for FY10. The stock currently trades at Rs.165/-.  

                                                                                                                                                                                   Courtesy:-Business Standard dt.20.08.2008

Aug 20, 2008 at 12:47 o\clock

Join The Real Estate In NCR And Delhi For the Best Future

by: vprashantkumar   Keywords: Real, Estate, India, buy, Property, residential, flats

   

Join the best growing sector of India the Real Estate now-a-day the market of real estate is going too high in NCR and Delhi. Many cities are also included in investors list such as Bangalore, Pune, and Jaipur etc. These are the main investment point and mostly people like to invest in these cities because the results of the last three-five years are attracting them. But some wise investors are not feel good to invest in these cities they know well the growth level is comes on the top. So they are invested in the new developing area such as Haridwar, Vrindaban, Pune, Jaipur and the many cities are available which have less price form the NCR, Delhi.

 

The cost of Residential flats in NCR & Delhi is too high and the commercial space as well as. The cause of this higher rates is Industrial development in NCR but some builders are provided you the commercial space and the residential flats in cheap rates.

 

But the future of the Delhi and NCR’s future is too bright and this brightness is developed the rate of property in the NCR& Delhi. Many famous builders are going to launch the Shopping mall at the NCR and Delhi this step can change the commercial market of NCR and Delhi.

 

It is clear the future of the NCR & Delhi is too high because the top most builders are launched their projects in this area and many new builders are going to launch the new projects.