India is slowly emerging as a real estate powerhouse of the world. Reaching new heights, the real estate sector, at the beginning of 2020 was hit by the Covid-19 pandemic. But now as economies around the world are reviving themselves, this sector too has met with a renewed vigour, and the demand for properties is at an all-time high, claim leading property developers
It will no longer just be about the asset. The real value of it will unfold when customer service wrapper, focussed on both tenant and owners, is added to the residential asset. And, the most critical enabler of the service wrapper is technology — to ensure efficiency and consistency in implementing the business process
The company is proposing to raise Rs 165 crore through NCDs, which will also be backed by the Puravankara Group. At the end of 2019-20, Melmont had Rs 130.2 crore of debt outstanding, which was held entirely by the parent, the ratings agency said.
In the last set of results under Chris Grigg, British Land on Wednesday said its loss after tax widened to 730 million pounds ($970.10 million) for the six months ended Sept. 30 from 404 million pounds.