Thursday , 21 February 2019
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Real Estate

PE Investment In Retail Real Estate At Rs 1,000 Crore In January-May: Report

New Delhi: Indian retail real estate has become attractive again for global investor as private equity (PE) investment in this segment has reached $149 million in the first five months of this year and likely to break previous record of 2008, according to property consultant JLL. During the entire 2008 calendar year, PE investment in retail real estate stood at ... Read More »

House Price Inflation To Edge Down Further: Nomura

New Delhi: Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report. According to the Japanese financial services major, elevated housing prices amid a sluggish job market have likely curbed end-user demand. “Even as lower interest rates and an ... Read More »

Donald Trump vs Hillary Clinton Race Is Like Imaginary Past vs Future: Barack Obama

President Obama said he values Hillary Clinton’s experience and judgement. (AFP Photo) WASHINGTON, UNITED STATES:  US President Barack Obama has thrown his weight behind Hillary Clinton as he likened the presidential race between the former Secretary of State and real estate tycoon Donald Trump to a choice between “future and imaginary past”. “This is a choice between whether we are ... Read More »

NBCC Secures Rs 587-Crore Projects In June

New Delhi: State-owned construction firm NBCC on Tuesday said it has bagged projects worth Rs 587.47 crore in June. In a filing to the BSE, NBCC Ltd informed that it has “secured a business of Rs 587.47 crore in the month of June, 2016”. In May, the company had secured business worth Rs 1,900.79 crore in May. NBCC, under the administrative control of the Ministry of Urban ... Read More »

PE Investments Halve In 6 Months; Investors In Wait And Watch Mode

New Delhi: After a ‘dream run’ last year, private equity investments eased in the first half of this year with deals worth $5.8 billion, down nearly 46 per cent as investors went on a ‘wait and watch’ mode. According to News Corp VCCEdge, PE investments in India, excluding real estate, deals worth $10.6 billion were recorded during the January-June period of ... Read More »

Jaypee Hikes Value Of Asset Sale To UltraTech To Rs 16,189 Crore

New Delhi: Faced with lenders invoking the strategic debt restructuring (SDR) option, debt-ridden Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm UltraTech to Rs 16,189 crore. The decision was taken on Monday at the board of directors meeting, convened at a short notice, of Japyee Group flagship firm Jaiprakash Associates to discuss the ... Read More »

Housing Sales Up 7% In Eight Indian Cities: Property Consultant

New Delhi: Showing signs of revival, housing sales rose by 7 per cent in the country’s eight major cities at 1.35 lakh units during January-June period of this year, leading to a decline in unsold inventories, according to real estate consultant Knight Frank India. In the Delhi-NCR property market, however, housing sales and launches dropped by 8 per cent and ... Read More »

Brexit Vote Seen Shaking London Property Market

London: The Brexit vote could cool London’s super-heated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed. After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 per cent higher ... Read More »

Pay Compensation To Flat Buyers Or Face Jail: Top Court To Unitech

New Delhi: The Supreme Court on Friday directed real estate major Unitech Ltd to deposit an amount of Rs 5 crore in its Registry for failing to hand over apartments in Noida area in the national capital region to consumers which was to be given three years ago. A bench comprising Justices Dipak Misra and C Nagappan also warned the ... Read More »

India Has Improved In Transparency Ranking In Real Estate: Report

Mumbai: Owing to policy measures taken by the government, India has improved in global rankings in terms of transparency in real estate sector in Asia Pacific, says a report. As per a study titled Global Real Estate Transparency Index (GRETI) 2016 by property consultant, Jones Lang LaSalle, the country has improved in overall transparency scores across all markets, and has ... Read More »