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Author Archives: Loknath Das

Indiabulls Real Estate sells London property to promoters for ₹1,830 cr

New Delhi: Indiabulls Real Estate Ltd (IREL) on Saturday said it has sold its property in London to a promoter group firm for 200 million pounds (about ₹1,830 crore) as part of its plan to focus on the India business and cut debt. At its annual general meeting (AGM) on September 28, the company’s shareholders had approved a proposal to sell its London ... Read More »

We Really Can’t Live Without the Internet

The internet came to life 50 years ago this week, with a simple message sent from the University of California, Los Angeles to the Stanford Research Institute. The system crashed only two characters into the transmission of the word “login”: SRI received only “lo” — “as in ‘lo and behold!’” in the words of UCLA’s Leonard Kleinrock. The UCLA terminal operators’ logbook, ... Read More »

Indian real estate attracts Rs 39,182 cr PE investments in first 3 quarters of 2019

Private equity firms’ interest in Indian real estate continues unabated as their investment in the sector during the first three quarters of 2019 rose to Rs 39,182 crore, up 19% from a year ago period. Over 83.5% of these funds were infused by them as equity capital indicating their appetite for Indian real estate sector. Private equity investment volumes for year to date ... Read More »

Real estate broker HelloOffice expands to Los Angeles after closing on $6.5 million

HelloOffice, a new real estate brokerage business out of San Francisco, has nabbed $6.5 million in new financing and is absconding down to Los Angeles to open its first regional office. The company provides software to expedite the often painful (especially in San Francisco) task of finding office space (not the Mike Judge movie, which is available to stream on ... Read More »

These Are The Top Real Estate Tech Trends In 2020

Dock 72 stands under construction at the Brooklyn Navy Yard in the Brooklyn borough of New York, … [+] Deloitte’s 2020 Commercial Real Estate Outlook surveyed 750 owners, operators and investors in 10 different countries across various commercial real estate sectors to gauge to top tech trends for 2020. Jim Berry, a partner at Deloitte & Touche LLP, said that real estate is no longer about ‘location, location, location’ ... Read More »

PE funds pump $3.8 billion into Indian real estate

With banks and NBFCs turning their back on real estate, private equity funds are coming to the rescue of the cash-starved sector. On the backdrop of the liquidity squeeze, private equity funds have invested $3.8 billion in Indian real estate in the first nine months of the calendar year, 19% higher than the $3.2 billion invested during the same period ... Read More »

Real estate developers look to boost sales, woo buyers with Diwali freebies

Driven by the recent repo rate cut by the Reserve Bank of India (RBI) and recent measures by the government, real estate developers are expecting a big boost in their sale numbers. The boost will also be driven by festive offers. Diwali is traditionally the time when most homebuyers purchase their dream homes. As a result, real estate developers who ... Read More »

DHFL lent Rs 2,186 crore to Sunblink Real Estate with links to Iqbal Mirchi; under ED scanner

Dewan Housing Finance Limited has come under the scanner of Enforcement Directorate (ED) after the federal probe agency found that a loan given by them reached the D-company in Dubai. Top sources within the agency maintain that investigators are reviewing the documents and soon DHFL will be called for questioning for giving loans to Sunblink Real Estate Private Limited which ... Read More »

SBI launches contactless mobile payment facility for credit card holders

The SBI Card on Wednesday launched ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones. “SBI Card Pay is aimed at redefining the payments experience for our customers. Using cutting-edge technologies such as HCE. We want to provide seamless yet swift payments at a speed ... Read More »

Severe cash crunch in real estate leaves beleaguered banks exposed

India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks. A slump in the residential property market is leaving many builders struggling to repay loans to shadow lenders – housing finance firms outside the regular banking sector that account for ... Read More »