Monday , 17 January 2022
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Real Estate

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 »

Co-living: The Future Of Real Estate?

A relatively nascent trend in the real estate world, co-living has been picking up immense interest in the last year. Co-living is a modern take on shared housing, where like-minded individuals can reside in a fully furnished house, specifically designed to create an environment for people to interact and share experiences. For many in India, this trend has caught on ... Read More »

Indiabulls Real Estate to merge certain Embassy Property projects with self

MUMBAI: Realty developer Indiabulls Real Estate has approved merging Bengaluru-based Embassy Property Developments with itself. Apart from bringing its ongoing, completed and planned projects into the company, Embassy is in talks with investors such as Blackstone Group and others to raise up to $200 million before the said merger. This equity investment of $200 million is expected to support the merged entity to expand ... Read More »

Budget 2020: Bold fiscal measures needed to boost real estate sector

New Delhi: Given the policy reforms undertaken by the government over the last few years, we are hopeful that the upcoming budget will provide a much-needed stimulus to the real estate sector. We expect the budget to push for investment in infrastructure, relax income tax slabs, assist the private sector and announce more measures that will boost the real estate industry. ... Read More »

Real Estate in 2020: Green shoots are too visible to be ignored

I If the real estate industry does well, around 200 other sectors, including steel, cement, paints and bricks among many others, stand to benefit. A look at any unfinished concrete tower scraping the Indian sky is enough to gauge the state of the domestic real estate industry in 2019 — a lot of effort invested into it, but not enough ... Read More »