All stories by Raghavendra Kamath
Singapore's Mapletree Investments buys land in Mumbai for Rs 525 croreRediff.com12 Oct 2020
The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal Industries for Rs 363 crore in 2018.
Fuelled by demand in southern markets, office leasing risesRediff.com6 Oct 2020
The Q3 office rebound growth was led by Bengaluru and Hyderabad, which together accounted for nearly 80 per cent of the net absorption in Q3.
Collections, cash flows of top-3 realtors hit in Q1Rediff.com7 Aug 2020
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
Realty prices crash in Mumbai as buyers go missingRediff.com14 Jul 2020
Mumbai's property markets, where prices earlier crossed Rs 1 lakh per sq. ft in South Mumbai, are seeing a 20-25 per cent markdown from last year's levels.
Pandemic, a wake-up call for city planners: TataRediff.com21 Apr 2020
'High-value homes are designed and built on slum lands and slums are given residue. They do not have access to free air and live in close proximity of others.'
Residential builders stare at a bleak yearRediff.com9 Apr 2020
CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year. This is the second highest fall in residential sales in the past five years, after Q1, 2017, when the decline, due to the note ban, was 37 per cent.
Mall operators' revenues may take 30% hit amid coronavirus spreadRediff.com20 Mar 2020
The analyst said since servicing of principal and interest on loans will beome challenging for mall operatos in the next couple of months.
India to see mall space addition of more than 65 million square feet by 2022Rediff.com30 Dec 2019
Almost all the big mall developers/investors - such as Raheja-owned Inorbit Malls, Xander-APG joint venture Virtuous Retail South Asia (VRSA), property developer Prestige Estates Projects, and Blackstone-owned Nexus Malls - are looking to double their space in a year or two.
Canadian pension manager CPPIB may invest more in IndiaRediff.com5 Dec 2019
CPPIB, which started investing in the country in 2009, has invested in Kotak Mahindra Bank, L&T Infrastructure Development Projects, online education firm Byju's, energy company ReNew Power, logistics firm Delhivery, among others.
'Home prices will be flattish for another 12 months'Rediff.com26 Nov 2019
'After that, volumes and prices would move up.'
Realty majors hope to cash in on festivitiesRediff.com21 Oct 2019
Whether it is DLF in the National Capital Region, or Godrej Properties and Oberoi Realty in Mumbai or Sunteck Realty, Prestige Estates and Sobha Realty in Bengaluru, most top players have launched or lined up a slew of new project launches during this season.
How HDIL MD Sarang Wadhawan's party endedRediff.com11 Oct 2019
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
Will student housing become cheaper?Rediff.com30 Jul 2019
Goldman-HDFC JV and OYO Hotels & Homes are betting big on student housing, says Raghavendra Kamath.
Japan's Sumitomo inks India's biggest land dealRediff.com9 Jul 2019
The plot C-65 in the G Block of Bandra Kurla Complex was leased to Goisu Realty (a unit of Sumitomo) for 80 years by MMRDA.
Blackstone inks India's biggest office property dealRediff.com19 Jun 2019
Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.
Places where even rich Mumbaikars fear to treadRediff.com5 Jun 2019
50% of south-central Mumbai's high-end apartments remain unsold. The reasons include rocketing prices and a demand-supply mismatch. Of the unsold stock in south-central Mumbai, 38 per cent comprise units sized above 2,000 sq ft carpet area - too high for even wealthy Mumbaikars.
Warbug Pincus, Runwal form JV to build mallsRediff.com21 May 2019
Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.
Godrej Properties buys a piece of film history: RK StudiosRediff.com4 May 2019
Swanky flats, mall to replace the iconic property.
Now, Japanese firms are keen to develop Indian realtyRediff.com25 Mar 2019
Big conglomerates of Japan, including Mitsubishi Corporation, Sumitomo Corporation, and Mitsui Group, are looking to both build and buy commercial properties in key Indian cities.
All about the media-shy half-brother of Ratan TataRediff.com25 Feb 2019
Noel Tata likes to relax at his Alibaug beach home on weekends, but he is equally passionate about driving on the Mumbai-Pune Expressway at a speed of over 100 kilometres per hour.
Recent tax sops to realty sector will actually be of little helpRediff.com4 Feb 2019
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
Realty barons' net worth shows spike despite slowdownRediff.com29 Nov 2018
The total wealth of top 100 real estate barons accounted for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against 2017's cumulative wealth of Rs 1.87 trillion ($28.6 billion).
Samara-Amazon bags Aditya Birla Group retail chain 'More'Rediff.com20 Sep 2018
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Why More failed to give shape to Aditya Birla group's retail dreamRediff.com4 Sep 2018
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
In Maharashtra, projects worth trillions stuck in pipelineRediff.com4 Sep 2018
Around 576,000 housing units, worth Rs 4.64 trillion, are delayed in seven major cities of the country
Shoppers Stop to focus on beauty to drive growthRediff.com31 Jul 2018
Shoppers Stop plans to open five or six department stores and 10-12 beauty stores this year
Mumbai builders make a beeline to launch projects in NCRRediff.com29 Jun 2018
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
Why China's realty firms can't invest in IndiaRediff.com18 Jun 2018
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
It's raining malls in India this yearRediff.com9 Jun 2018
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
GIC has mega plans for Indian realty; invests Rs 12,600 crore in 8 monthsRediff.com17 May 2018
GIC entered Indian real estate in 2005, when it did a deal with residential developer XS Real, a Chennai-based developer
'Walmart has taken a back-door entry to retail'Rediff.com8 May 2018
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
Rera @ 1: It's miles away from being a 'reality'Rediff.com30 Apr 2018
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
Mumbai's hot property: Rs 100-crore office spaceRediff.com29 Mar 2018
Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore
The reality of Indian realty: More downs than upsRediff.com28 Mar 2018
Raghavendra Kamath reports on what ails India's real estate sector.
How much GST to charge for affordable homes?Rediff.com12 Mar 2018
In the 2017 budget, the government accorded infrastructure status for affordable projects to help such projects raise loans at lower rates
Mumbai, Bengaluru see spurt in office leasingRediff.com12 Feb 2018
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.
PE firms are betting big on malls in tier-II citiesRediff.com12 Jan 2018
US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore.
'Wonder how fire engines will enter here in case of emergency'Rediff.com31 Dec 2017
Office space on mill land in central Mumbai expected to reach 16 mn sq ft by 2021.
Connaught Place ranked 2nd in prime office rental indexRediff.com8 Dec 2017
The index that tracked 20 key international markets in Asia, recorded 0.6 per cent increase in the September-ending quarter over Q2 2017.
JPMorgan, Morgan Stanley cool off Indian realtyRediff.com22 Nov 2017
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.