Even though IVR Prime appears way too expensive going by the price-earnings multiple, it is reasonably priced for its net asset value.
Raghavendra Kamath reports on what ails India's real estate sector.
Surprisingly, the Omaxe issue is priced at a discount to its net asset value and a reasonable earnings multiple.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Cracking the whip on whistleblower IAS officer Ashok Khemka, the Haryana government has decided to charge sheet him for alleged administrative misconduct in cancelling the mutation of the land deal between Robert Vadra and real estate major DLF in Gurgaon.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
Amid the Bharatiya Janata Party governments at the Centre and in Haryana beginning to turn the heat on him, businessman Robert Vadra, also the son-in-law of Congress President Sonia Gandhi, recently ensured his companies filed their pending balance sheets.
Morgan Stanley has big plans to invest in India's real estate.
He is the man behind Blackstone's India strategy
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
Reit as an investment vehicle has a huge opportunity as the country has a rent-yielding office inventory of 537 million square feet valued in excess of $70 billion.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
Real estate loans could become NPAs for banks.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Approaches Morgan Stanley, GIC and Blackstone
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
Launches of new homes reduced drastically this year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
Few top honchos of India Inc did very well in 2014.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Broader gains were capped as investors awaited corporate results from major firms
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Phonemaker Apple is said to be in talks to take 30,000 sq ft retail space at plush property Maker Maxity, in Bandra Kurla Complex
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Rise in crude oil price and rally in global equities aided the sentiment
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
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.
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