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Indian infrastructure firms aim to raise debt for project financing
ATS Homekraft sells 340 flats on Dwarka Expressway for Rs 825 cr
Realty firm ATS Homekraft has successfully sold all 340 luxury homes in the first phase of its new project along the Dwarka Expressway in Gurugram for ?825 crore, driven by strong demand from end-user customers. The project, named 'Sanctuary 105,' was launched earlier this month and has received an overwhelming response, with over 700 expressions of interest from potential buyers. The housing project spans 13 acres and features 334 units. Udaivir Anand, Managing Director of ATS Homekraft, noted that the company aimed to offer this luxury housing project at an affordable price to target end-u..
Godrej Properties acquires 6 land parcels in Q2
Realty firm Godrej Properties has acquired six new land parcels during the July-September quarter, aiming to develop housing projects valued at ?9,650 crore amid robust demand. As one of India’s leading real estate developers, Godrej Properties has a strong presence in key markets including Delhi-NCR, the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. To enhance its housing business, Godrej Properties employs a strategy of outright land purchases and partnerships with landowners for joint development. In its recent operational update, the company revealed that it added eight new la..
Coal India's Contribution to Govt Exchequer Drops by 0.6% in H1 FY25
Coal India Ltd (CIL), the state-owned coal giant, reported a slight decrease of 0.6% in its contributions to the government exchequer for the first half of the current fiscal year. According to provisional data from the coal ministry, CIL paid Rs 289.3 bn in levies during the April-September period of FY25, down from Rs 291.22 bn during the same period last year. CIL, which produces over 80% of India’s domestic coal, saw its total payments to the exchequer for September drop significantly by 11.1%, from Rs 48.79 bn in FY24 to Rs 43.35 bn in FY25. These payments are derived from various levie..
