Raghavendra Kamath

All stories by Raghavendra Kamath

Pandemic, a wake-up call for city planners: Tata

Pandemic, a wake-up call for city planners: Tata

Rediff.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 year

Residential builders stare at a bleak year

Rediff.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 spread

Mall operators' revenues may take 30% hit amid coronavirus spread

Rediff.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 2022

India to see mall space addition of more than 65 million square feet by 2022

Rediff.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 India

Canadian pension manager CPPIB may invest more in India

Rediff.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'

'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 festivities

Realty majors hope to cash in on festivities

Rediff.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 ended

How HDIL MD Sarang Wadhawan's party ended

Rediff.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?

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 deal

Japan's Sumitomo inks India's biggest land deal

Rediff.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 deal

Blackstone inks India's biggest office property deal

Rediff.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 tread

Places where even rich Mumbaikars fear to tread

Rediff.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 malls

Warbug Pincus, Runwal form JV to build malls

Rediff.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 Studios

Godrej Properties buys a piece of film history: RK Studios

Rediff.com4 May 2019

Swanky flats, mall to replace the iconic property.

Now, Japanese firms are keen to develop Indian realty

Now, Japanese firms are keen to develop Indian realty

Rediff.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 Tata

All about the media-shy half-brother of Ratan Tata

Rediff.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 help

Recent tax sops to realty sector will actually be of little help

Rediff.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 slowdown

Realty barons' net worth shows spike despite slowdown

Rediff.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'

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 dream

Why More failed to give shape to Aditya Birla group's retail dream

Rediff.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 pipeline

In Maharashtra, projects worth trillions stuck in pipeline

Rediff.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 growth

Shoppers Stop to focus on beauty to drive growth

Rediff.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 NCR

Mumbai builders make a beeline to launch projects in NCR

Rediff.com29 Jun 2018

Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region

Why China's realty firms can't invest in India

Why China's realty firms can't invest in India

Rediff.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 year

It's raining malls in India this year

Rediff.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 months

GIC has mega plans for Indian realty; invests Rs 12,600 crore in 8 months

Rediff.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'

'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'

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 space

Mumbai's hot property: Rs 100-crore office space

Rediff.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 ups

The reality of Indian realty: More downs than ups

Rediff.com28 Mar 2018

Raghavendra Kamath reports on what ails India's real estate sector.

How much GST to charge for affordable homes?

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 leasing

Mumbai, Bengaluru see spurt in office leasing

Rediff.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 cities

PE firms are betting big on malls in tier-II cities

Rediff.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'

'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 index

Connaught Place ranked 2nd in prime office rental index

Rediff.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 realty

JPMorgan, Morgan Stanley cool off Indian realty

Rediff.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.

Demo impact: Real estate prices are dropping and how!

Demo impact: Real estate prices are dropping and how!

Rediff.com14 Nov 2017

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.

How Arvind's demerger will play out

How Arvind's demerger will play out

Rediff.com13 Nov 2017

'Financial independence will help unlock the full potential of these businesses.'

Logistics ventures are the hot new thing

Logistics ventures are the hot new thing

Rediff.com6 Nov 2017

It is raining private equity funds in the logistics and warehousing space.

In India, Walmart plans to open 50 stores by 2020

In India, Walmart plans to open 50 stores by 2020

Rediff.com3 Nov 2017

The firm is likely to spend $600 million in total for the new stores. The average size of its stores is about 55,000 sq ft.

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