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Real Estate

Godrej’s bold real estate bet in Mumbai — a swank project at steep prices in the suburbs

As a long-time witness to scores of real estate projects in Mumbai over the years, I have reduced the number of visits to new projects. Part of the reason is that there is hardly anything new to choose from because of the sharp reduction in launches. More importantly, today almost all projects look the same in Mumbai. Yet, I was ... Read More »

Can you bet on real estate stocks?

The contraction in consumer demand has affected almost all industries in the last couple of quarters, but the real estate sector has been the worst affected. The ongoing slump in the aftermath of demonetisation and the implementation of Real Estate (Regulation and Development) Act (RERA) has been further exacerbated due to economic slowdown and muted consumer demand. The risk associated ... Read More »

Top 5 Real Estate Trends for 2020

2019 has been a strong year for Indian real estate, with many milestones like the first REIT launched in March, the continued rise of exciting new sectors like co-working and managed offices, and consolidation of the market into a more structured, transparent investment space after a transition period in the wake of RERA. Not only return from real estate outperforming ... Read More »

PE investment in real estate up 3 pc at Rs 43,704 cr during 2019: Report

Warehousing witnessed Rs 3,810 crore worth investment in 2019 as compared with Rs 2,870 crore in the previous year. Private equity (PE) investment in the real estate sector rose 3 per cent to Rs 43,704 crore during the last calendar year on increased interest of foreign investors in commercial properties, property consultant Cushman & Wakefield said on Thursday. According to ... Read More »

UBS reportedly racing to curb outflows at landmark real estate fund

UBS is reportedly racing to stanch outflows at its landmark $20 billion real-estate fund amid worries about its retail holdings and extended underperformance. Investors are standing by to withdraw some $7 billion from the UBS Trumbull Property Fund as a growing number move away from more cautious funds, a person familiar with the matter told the Wall Street Journal. Hoping to ... Read More »

Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT

New Delhi: In a relief to realty players, the National Company Law Appellate Tribunal (NCLAT) has held that any insolvency process initiated by a flat buyer or financial institution would be limited to the project concerned only and not impact other projects of developers. An NCLAT bench headed by Chairman Justice SJ Mukhopadhaya said that the entire insolvency process initiated over ... Read More »

Three capitals only for real estate business: Andhra BJP chief Kanna Lakshminarayana

VIZIANAGARAM: BJP State chief Kanna Lakshminarayana on Sunday said the government was establishing three capitals only for supporting real estate business. Speaking to reporters here, he said that no development would take place in north coastal Andhra Pradesh even after the Secretariat comes up in Visakhapatnam. “The previous TDP government indulged in a land scam in Amaravati in a big ... Read More »

Real Estate Industry Lawsuit Seeks To Block New York City Broker Fee Ban

In the wake of the New York Department of State’s (DOS) recent headline-grabbing clarification of regulations passed months ago that effectively banned tenants from paying broker fees connected to apartment listings, several major real estate trade associations and brokerage firms plan to file a lawsuit against the state on Monday. According to a news release distributed Friday by the Real Estate ... Read More »

RBI eases norms for stressed real estate developers

The central bank’s leeway to lenders on reclassification of these loans is expected to positively impact the profitability of banks, India Ratings and Research associate director Karan Gupta said. Granting relief to lenders and real estate developers, the Reserve Bank of India (RBI) on Thursday allowed a one-year extension of the date of commencement of commercial operations (DCCO) for project ... Read More »

Real estate startup Homie plans to expand to more cities with $23 million in Series B funding

Homie has made an impression among younger, first-time home buyers in the Utah and Arizona markets for cutting out the traditional closing costs, 6% real estate commissions and arduous paperwork associated with traditional home sales. It now plans to explore opening up in three new markets and will begin a Vegas launch in March with a fresh infusion of $23 million ... Read More »