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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 »

Leading Cause of Death of Startups: Real Estate

Ross Mayfield, CEO of SocialText, and a long-time blogger himself, is finally getting an office. For two years his company has operated virtually, with employees working from their homes across the United States. He calls it “net-enabled bootstrapping” because the company has used technology tools to operate at a low cost and grow from within. He says real estate is the ... Read More »

The Problem With Expensive Real Estate

The U.K. Office for National Statistics has recently begun to track the value of land as part of the national accounts — and it turns out that dirt is now just about the biggest thing going in Britain: Land Takes Over the U.K. Balance Sheet Value as a percentage of gross domestic product Source: U.K. Office for National Statistics I was tipped off to this development ... Read More »

CREDAI-MCHI real estate exhibition to be held from November 16-19, 2017, in Mumbai

The post CREDAI-MCHI real estate exhibition to be held from November 16-19, 2017, in Mumbai appeared first on Housing News. CREDAI-MCHI will be holding its ‘28th Real Estate & Housing Finance Exhibition’, from November 16-19, 2017. The exhibition, which will be held at the MMRDA Grounds, at BKC, in Mumbai, is set to be the first major property expo, post-RERA and will showcase ... Read More »

RERA and the cleaning up in real estate

At the RICS Real Estate Conference in Delhi on November 15, the talk was about transparency – what you see is what you buy. The Real Estate (Regulation and Development) Act, which came into force this year, is forcing many developers to revamp their business models. The industry, some said, was in a “phase of cleaning up”. Here are the key takeaways: ... Read More »

Maharashtra not keen on bringing real estate under GST

The government of Maharashtra is not keen on bringing real estate under the Goods and Service Tax (GST) regime, and has asked the GST council to take a decision after conducting an in-depth study including impact on the state finances, reports DNA. State Finance Minister Sudhir Mungantiwar told the paper he had sent a letter to the Centre about two weeks ... Read More »