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.
'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.'
Around 576,000 housing units, worth Rs 4.64 trillion, are delayed in seven major cities of the country
Shoppers Stop plans to open five or six department stores and 10-12 beauty stores this year
At least 50,000 units of new residential property are set to come up over the next three years
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
Retailers, especially food and grocery chains, are clearly unhappy, saying the ban is impractical
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
GIC entered Indian real estate in 2005, when it did a deal with residential developer XS Real, a Chennai-based developer
Online retail in the country is expected to grow to $200 billion by 2026, up from $15 billion in 2016.
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
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.
In the 2017 budget, the government accorded infrastructure status for affordable projects to help such projects raise loans at lower rates
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.
Office space on mill land in central Mumbai expected to reach 16 mn sq ft by 2021.
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.
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