Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore
Raghavendra Kamath reports on what ails India's real estate sector.
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
In the 2017 budget, the government accorded infrastructure status for affordable projects to help such projects raise loans at lower rates
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.
In 2017, absorption in co-working/serviced offices was 2.83 million sq ft, about 186 per cent higher than that of 1.52 million sq ft in 2016.
US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
Office space on mill land in central Mumbai expected to reach 16 mn sq ft by 2021.
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
While brick-and-mortar retailers have been the most vocal in their protests, e-tailers do not seem to be in a hurry.
India's MRP and Packaged Commodities Acts are dated and not in line with the modern world's digital price mechanisms and comparisons.
China Development Bank takes Reliance Communications to NCLT over loan default
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
While Gurugram sees biggest drop in house prices, housing sales in Bengaluru dropped by 45 per cent followed by Kolkata, a 44 per cent decrease, and Ahmedabad, a 42 per cent decline.
'Financial independence will help unlock the full potential of these businesses.'
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