The pandemic caused construction delays at its ongoing projects due to several factors such as lockdowns enforced by government agencies, work-stoppage orders, disruptions in the supply of materials and shortage of labour resulted in failure to meet development milestones.
Securities and Exchange Board of India and the Association of Mutual Funds In India are working together towards forming guidelines and regulations for real estate funds.
India's largest private equity fund management company IL&FS Investment Managers Ltd said on Tuesday it will invest $100 million in QVC Realty making it the first venture capital-backed real estate start-up in the country.
Electric vehicle market is likely to attract investments of Rs 94,000 crore over the next five years and is expected to generate business opportunities in the real estate sector, according to a joint report by Colliers India and Indospace. The report 'Electric Mobility in Full Gear' mentioned that the electric vehicle (EV) industry in India is currently at a nascent stage but it is likely to grow, backed by government initiatives and a move towards recognising climate change. "India is taking a step towards sustainability and has vowed to cut its carbon emissions. "At the recently concluded CoP26 summit, India pledged to reach net-zero carbon emissions by 2070. "In India, the transport sector is currently the third-largest emitter of CO2. This is leading to increased thrust on EVs in India," it said.
Dev Chatterjee & Raghavendra Kamath in Mumbai
Amar Ghosh, a real estate broker, is negotiating a deal with a Mumbai-based company for 65 acres around Singur, 40 km from Kolkata, at Rs 22.5 lakh (Rs 2.25 million) per acre.
Demand for Grade A office space is rising across the country.
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
Looking for a way out, property developers deal in banned notes.
Transformed! The Mahim Reti Bunder Beach gets a facelift.
Rs 15,000-cr investment planned to protect vendors from rising realty prices
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
With Muthappa Rai's death ended a life that highlighted the dark side of Bengaluru's often delirious growth to become India's IT capital
Real estate stocks spurted by 6 per cent as news of the Maharashtra Assembly's approval of the proposal to repeal the Urban Land Ceiling and Regulation Act (ULCRA) trickled in. The BSE Realty Index shot up by 1.54 per cent or 154 points to end the day at 10,223.93 points.
'The consolidation of the world's fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.'
Searches were also conducted at the residential premises of top company officials, the source said.
London has become the world's most expensive city to live and work, overtaking Asian hotspot Hong Kong, according to study by real estate adviser, Savills.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
It also expects to get its REIT listed on the Singapore stock exchange next year.
Though launched in 1996, the slum replacement scheme has more or less bombed. Builders have not found the slum spaces attractive enough to build, harvest extra FSI for sale in open market thereby subsidising the rehabilitation, says Mahesh Vijapurkar.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
The National Investigation Agency has seized Rs 1.4 crore, believed to be terror money, in Bangalore. The agency sources told Rediff.com that the money was sourced through modules in North East and was sent to Bangalore.
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
The Rs 100 crore infusion will well-capitalise the company to drive its new strategy and growth plans.
Government officials be under confusion.
The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
Jefferies, IIFL, and JM Financial - none of which were in the top five last year - have now claimed the top spots in the league tables for equity capital markets (ECM) during the first nine months of calendar year 2023 (CY23), a period characterised by small- and mid-sized transactions. This shift marks a significant change, with these firms outperforming the bulge-bracket investment banks. According to data provided by Refinitiv, Jefferies leads the domestic ECM market, having handled share sales worth $2.3 billion, representing 12.4 per cent of the total volume of $18.4 billion for ECM transactions.
Here are some amusing anecdotal experiences that buyers and sellers of residential units witness every day. Share yours!
The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock. The company's stock price is 52 per cent in the last 12 months beating the broader market by a huge margin. The benchmark BSE Sensex is up just 6.5 per cent during the period.
Indian property markets are not in the pink of health.
HUL has achieved few milestones in the fiscal gone by and hence is performing good on revenues front.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
Housing sales across seven major cities in the country fell 35 per cent year-on-year to 50,983 units during the July-September period even as the demand recovered post lockdown, according to data analytics firm PropEquity. Sales stood at 78,472 units in the year-ago period in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
