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Author Archives: Loknath Das

Samsung Introduces its First 5G-Integrated Mobile Processor, the Exynos 980

Samsung Electronics, a world leader in advanced semiconductor technology, today announced its latest mobile processor, the Exynos 980, which combines the best-in-class connectivity with an integrated 5G modem and intelligent processing performance in a single chip. “With the introduction of our 5G modem last year, Samsung has been driving in the 5G revolution and paved the way towards the next ... Read More »

Centre likely to announce big package for real estate

Finance minister Nirmala Sitharaman has called a meeting today to finalise a relief package for real estate sector. Sitharaman is likely to soon announce measures to boost the sector as the government faces a big jolt on the economic front with the country’s Gross Domestic Product (GDP) growing at its slowest pace in over six years at 5% during April-June ... Read More »

CII-CBRE releases report on real estate

Hyderabad: CII in association with its knowledge partner CBRE, on Friday released a joint report ‘Real Estate – A Relook’ at the XV edition of its flagship conference on Real Estate – CII CBRE REALTY 2019. Unveiling the knowledge paper, Hardeep Singh Puri, Minister of State for Housing and Urban Affairs, Civil Aviation (I/C) and Commerce & Industry, Government of ... Read More »

This piece of the US real estate market is flashing a warning sign

The US market for commercial real estate flashed a warning sign in the first half of 2019. For the first time in seven years, overseas investors in office buildings and retail space became net sellers of properties, according to a new report from Real Capital Analytics, which tracks the sector. This follows a strong 2018, when cross-border acquisition of commercial real estate hit near-record levels. ... Read More »

Motilal Oswal Real Estate garners $73m from seven exits: Report

Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, has garnered about $73 million (Rs 525 crore) from exits across seven investments, which were routed through its India Realty Excellence Fund II (IREF II) and India Realty Excellence Fund III (IREF III), The Economic Times reported. The projects that the company has exited include Casagrand Builders in ... Read More »

RBI’s inability to ensure transmission of repo rate cut is hurting real estate sector

Reserve Bank’s policy rate cuts have not reduced interest rates for retail borrowers. Reserve Bank of India’s 110 basis point cut in the Repo rate this year has failed to uplift the mood in the real estate sector that has been grappling with the problems of high GST on construction materials like cement and steel and subdued demand due to ... Read More »

Office real estate is defying the slowdown

Bengaluru: A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the ... Read More »

Overseas offer: Foreign firms invest in Indian real-estate

Several Indian projects have been stalled and that’s adding up to the unsold inventory. There’s lack of confidence in buyers. That’s where the international firms have the opportunity to fill the void.(Shutterstock) International real-estate developers have long looked forward to investing in India. But with the global market in a slump for the past few years, the opportunities were fewer. ... Read More »

Slump in real estate sector hits Mumbai hard

Mumbai is riddled with unfinished and unsold units in the city and suburbs (India Today photo) The real estate sector in India is arguably going through one of the worst phases in recent times. The country’s financial capital Mumbai is riddled with a large number of unfinished projects and an equally large number of unsold units in the city and ... Read More »

Monitoring of mobile phones – rights groups challenge police

 It is alleged that the Met has been using covert data capture technology that can masquerade as phone networks. Photograph: Lauren Hurley/PA The refusal by police forces to disclose whether they are exploiting covert surveillance technology to track mobile phones is to be challenged at a tribunal next week. Privacy International, represented by lawyers for the civil rights organisation Liberty, ... Read More »