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Real estate transactions for Sunday, Nov. 4, 2018

Following are seller, buyer, property description and price of property. Note: price is an estimate based on revenue stamps that are bought from the county. ROCK ISLAND COUNTY WARRANTY DEEDS Pure Industrial Real Estate Trust, c/o Piret, Toronto, Ontario, Canada, to BPP Pristine US, New York, N.Y.; 7800 Turkey Hollow Rd., Rock Island, industrial building; $19,000,000. Franks, John and Jan, ... Read More »

Share market update: Realty stocks subdued; HDIL, IB Real Estate top losers

NEW DELHI: Most realty stocks, including Housing Development & Infrastructure (HDIL)(down 1.53 per cent), Indiabulls Real EstateNSE -2.79 % (down 1.48 per cent) and Prestige Estates Projects (down 1.27 per cent), were trading with losses. The Nifty Realty index was trading 0.22 per cent down at 267 around 02:30 pm. Sobha (down 0.68 per cent), Phoenix Mills (down 0.63 per cent) and Brigade ... Read More »

Vietnam: The Next Frontier in Asia’s Luxury Real Estate Market

Ho Chi Minh city skyline PHUNG HUYNH VU QUI / GETTY IMAGES Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first quarter of 2018—the country’s strongest in a decade. In Hanoi, plots in Starlake City, a multimillion-dollar planned community of luxurious villas and landed ... Read More »

Developing airports like real estate business doomed to fail: IATA

The professional also said that privatisation of aviation infrastructure, including airports, is not always the solution. (Representative Image) India needs a comprehensive aviation infrastructure plan as air traffic is booming but developing airports like real estate business is “doomed to fail”, according to a top aviation professional. The professional also said that privatisation of aviation infrastructure, including airports, is not ... Read More »

Foreign investment in real estate down 20%

While global institutional investors’ interest in Indian real estate continues to show an uptick, the latest June quarter has shown a decline in their investment owing to delayed conclusion of a few large deals. Indian real estate has attracted investments worth $1.08 billion in the June quarter across 11 transactions, down 20% from a year ago, showed data from Venture Intelligence. However, ... Read More »

Mumbai’s Real Estate Will Take At Least A Year To Revive, Knight Frank Says

Maharashtra’s change in law allowing a reduction in ready-reckoner or benchmark property rates suggests that a revival from the disruption caused by the cash ban and a strict housing regulation may take another 12-18 months, Knight Frank India said. Most of the people who don’t need houses immediately in Mumbai, India’s second-largest property market, will prefer waiting to see a ... Read More »

Godrej Fund Management enters the commercial real estate private equity space

Godrej Fund Management, the real estate private equity arm of the Godrej Group, has announced the first close of its US $450 million office development fund and a US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over US $1 billion in value, a company statement said. With this development, the assets under management for GFM, ... Read More »

India’s real estate sector to reach $180 billion by 2020, says report

India’s real estate sector is projected to reach $180 billion by 2020 from $126 billion in 2015, according to a joint report by CREDAI and JLL.Investment inflows in the housing sector since 2014 have been Rs 590 billion, about 47 per cent of the total invested money in real estate, it said.The report also said that the contribution of the residential segment to the ... Read More »

RERA to rope in private entity to identify unregistered real estate projects

BENGALURU: In a bid to crack down on builders who are not complying with new real estate norms, the Karnataka Real Estate Regulatory Authority(RERA) is planning to employ a private entity to find unregistered housing projects. RERA has called for tenders to appoint a consultancy to identify ongoing and new real estate projects which haven’t registered with the authority. RERA, which ... Read More »

Real estate showing signs of revival; need for correction in land prices: Naidu

The real estate sector is showing signs of revival after a period of slowdown, Vice President M Venkaiah Naidu today said but expressed concern over high prices of land parcels especially in smaller cities. Addressing realtors’ body CREDAI annual conclave, he asked the association to adopt self code of conduct for members and keep distance from defaulting and fly-by-night operators. ... Read More »