Indian realty firms to be affected due to Brexit: Fitch
The Dollar Business Bureau Indian realty companies having exposure to the property market in the London are going to be affected in the near future due to UK’s decision to exit the European Union, Fitch Ratings said. “The demand for commercial and luxury residential properties in London, the sectors in which some Indian real estate firms have invested, may stay sluggish for over the next 6 to 12 months as buyers delay their purchases and banks cut loans due to increased economic uncertainty,” the global rating agency said in a report. Lodha Developers and Indiabulls Real Estate (IBREL) have considerable exposure to the commercial and luxury residential property segments in London, where they had done significant investments in 2013 and 2014. Of these two companies, IBREL has ...
DLF to launch luxury property, The Chanakya in Delhi
The retail luxury real estate giant, planned to set in motion another luxury property, The Chanakya, in Lutyens Delhi and rope in international names The Dollar Business Bureau The Chanakya at Lutyens Delhi, is aimed at housing an amalgamation of luxury companies such as -- Tom Ford Women, Hermes and Valentino and serve as a path to brands that spell luxury such as -- Karen Millen, Reiss and Kate Spade Two years ago DLF had set a new trend with a new fundraising avenue in the corporate bond sector, it had successfully placed the countrys first Commercial Mortgage Backed Security (CMBS) issue in the stock market. The issue of Rs 525 crore was aimed towards fostering its luxury mall DLF Promenade in ...
