Monday , 17 January 2022
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Real Estate

Real estate industry disappointed with RBI pressing the halt button

Contrary to the expectations, the Reserve bank of India (RBI), decided to keep the repo rate unchanged at 5.15 per cent, after five consecutive rate cuts. Real estate industry watchers were disappointed by the move. As the sales are declining in the sector, they were expecting RBI to cut interest rates further. “RBI’s decision to not lower interest rate has ... Read More »

Global pension funds are eyeing Bengal’s real estate market

International institutional investors, including large pension funds like The CPP Investment Board, officially the Canada Pension Plan Investment Board, Mirae Asset of Korea, couple of Japanese as well as Middle East funds are eyeing Kolkata’s real estate market to grab a slice of its retail, IT and logistics growth cycle. With REIT opening up giving these foreign funds an opportunity to exit, the ... Read More »

Government mulls more relief for real estate sector, NBFCs

NEW DELHI : In a bid to help the NBFCs and real estate companies, the Centre is considering more relief measures for both stressed sectors. In the past few months the government has announced few measures to ease liquidity and the credit crunch in the economy. According to sources, the government is weighing the option of unburdening some of the major ... Read More »

Real estate package easy to implement in the short term: Samir Arora of Helios Capital

Indian markets on November 26 touched new milestones but failed to hold on to gains and ended moderately lower. The Sensex hit 41,000 for the first time, rising to 41,120 at day’s high before settling 68 points lower at 40,821. The broader Nifty also touched a new intra-day high of 12,132 though settled 0.30 percent lower at 12,037. In an interview ... Read More »

Search for good picks in real estate and chemical sectors: Anshul Saigal, Kotak PMS

Do you believe that the softness that we have seen in demand when it comes to the revenue growth in Q2 is likely to percolate into the coming quarters or are you expecting some sort of reprieve in Q3? Our belief is that this result season has been a polarised one, based on results particularly. What we do see is ... Read More »

Kharghar: A compelling Real Estate option?

Traditional investment options rally around mutual funds, the stock markets and gold. The real estate sector, has, over time, yielded good returns over medium and long-term horizons, but with a large inventory overhang in the ready and near-ready segments, the portfolio is in a bind these days. Let us align ourselves to credible real estate investment opportunity, in a micro-market ... Read More »

All you wanted to know about Real Estate Category II AIF

In a bid to boost the ailing real estate sector, which is sitting on a large inventory of unsold and incomplete projects, the Centre last week proposed to create a Category II Alternate Investment Fund (AIF) to provide last-mile funding to the sector. The Centre plans to invest ₹10,000 crore in the fund, while ₹15,000 crore will be pooled from domestic institutions ... Read More »

Rs 25,000 crore real estate stress fund to exclude major NCR projects

Although finance minister Nirmala Sitharaman’s announcement of Rs 25,000 crore fund for stalled projects brought relief to the real estate players and distressed home buyers, a section of home buyers rue their exclusion from the special aid. Significantly, the major stalled projects under public gaze in the National Capital Region (NCR) — the projects of Jaypee Infratech, Amrapali and Unitech ... Read More »

Govt’s massive Rs 25,000 crore relief for real estate sector: What this means

Finance Minister Nirmala Sitharaman announced on Wednesday that the Centre has committed up to Rs 10,000 crore for completing housing projects that have been stuck for years. This special window, which will function as an Alternative Investment Fund (AIF), would provide priority debt financing for the completion of stalled housing projects in the affordable and middle-income housing sector. While Rs ... Read More »

Real estate projects involved in fraud won’t get anything from Rs 25,000 crore fund

Government has clarified that housing projects involved in fraud or diversion of funds may not be considered for the real estate distress fund. This is meant to avoid any misappropriation or cornering of funds by builders. Real estate sector breathed easy after a long time as Finance Minister Nirmala Sitharaman announced a bailout fund worth Rs 25,000 crore on Wednesday. ... Read More »