Page 4 - Real Estate Firms
CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case
The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, officials said.
 "CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case")
Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr
Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development
 "Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr")
Signature Global raises Rs 400 cr from HDFC Capital's real estate fund
The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital
 "Signature Global raises Rs 400 cr from HDFC Capital's real estate fund")
New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report
Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers
Higher number of project launches, new deals positive for Godrej Properties
The gains for Godrej Properties are from new launches, are however, is factored into the price.
 "Higher number of project launches, new deals positive for Godrej Properties")
Investment bankers add weight to Jhunjhunwala's take on realty IPOs
Top private property developers say IPOs are just one source of fundraising
 "Investment bankers add weight to Jhunjhunwala's take on realty IPOs")
DB Realty shares hit 5% upper circuit on favourable ruling from SC
Shares of DB Realty hit the 5 per cent upper circuit on Wednesday as the company informed the stock exchanges that the firm has won the title of a land owned by it in Mumbai
 "DB Realty shares hit 5% upper circuit on favourable ruling from SC")
Realtors hail RBI policy, say low interest rate to drive housing demand
Housing demand increased by around 50-70 per cent during the last calendar year across 7-8 major cities on various factors such as low interest rates on home loans
 "Realtors hail RBI policy, say low interest rate to drive housing demand")
Kolte-Patil Developers profit dips 76% to Rs 5.37 cr in December quarter
Total income rose to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in the corresponding period of the previous year, according to a regulatory filing
 "Kolte-Patil Developers profit dips 76% to Rs 5.37 cr in December quarter")
Real estate sector pins hope on Budget FY23 to sustain growth momentum
The Central government has done a lot of work for the real estate sector in the previous years with landmark initiatives.
Positive sentiment score in real estate hit record high in Dec qtr: Report
The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter
 "Positive sentiment score in real estate hit record high in Dec qtr: Report")
Evergrande races to restart projects as debt repayments loom
Nearly 92 per cent of Evergrande's property projects have so far restarted
 "Evergrande races to restart projects as debt repayments loom")
Institutional investment in real estate may fall 20% in 2021: Report
Institutional investments in real estate may fall 20 per cent to USD 4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to USD 2,977 million from USD 1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the USD 3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the USD 5 billion mark in 2020 due to large portfolio deals worth USD 3.2 billion during the last quarter of the year. "However, 2021 witnessed more broad-based recovery with 31 deals during the first nine months as against 19 deals during the same period of 2020," it noted. On the outlook for the next year, JLL India expects investments to cross USD 5 billion mark, which was witnessed by the Indian real estate annually during the 2017-20
Majestic shareholders reject re-appointment of Aashim Munjal as director
Majestic Auto had sought nod from the shareholders at its AGM held on November 29, 2021
 "Majestic shareholders reject re-appointment of Aashim Munjal as director")
Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects
The company plans to launch two housing projects during this month after getting the necessary regulatory approvals
Bored of bygone builders, Singapore millennials get their own Blackstone
The restructuring of CapitaLand Investment gives a taste of what is to come in many industries globally.
 "Bored of bygone builders, Singapore millennials get their own Blackstone")
China's realty giant warns of defaulting on $305-billion debt
The government is assembling accounting and legal experts to assess the finances of Evergrande, a potential precursor to a restructuring of the world's most indebted developer
 "China's realty giant warns of defaulting on $305-billion debt")
Positive signals for India's real estate sector as economy normalises
Demand expected to pick up; deleveraging, consolidation are key triggers
 "Positive signals for India's real estate sector as economy normalises")
Tata Realty to invest Rs 4,000 cr in residential, commercial projects
Tata Realty and Infrastructure is investing around Rs 2,000 crore each into residential and commercial projects over the next two years
 "Tata Realty to invest Rs 4,000 cr in residential, commercial projects")
Embassy Group, Kalpataru tap global funds for over Rs 2,000 crore
Embassy raises Rs 1,200 crore from Bain Capital; Kalpataru Rs 850 crore from PAG
 "Embassy Group, Kalpataru tap global funds for over Rs 2,000 crore")
