Page 24 - Real Estate

Max Ventures and Industries to amalgamate with subsidiary Max Estates

With the divestment, the company had said it would be able to create a war chest of more than Rs 1,000 crore for expansion in the residential and commercial real estate portfolio in Delhi-NCR

The talent crunch: Why fresh graduates are fleeing the hospitality sector

As occupancy peaks, hospitality firms find themselves competing with retail, e-commerce, real estate and IT for employees

Indiabulls Real Estate to use Rs 865 cr QIP proceeds to buy land, pay debt

The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12

PE inflow in realty sector declines 47% to $1 billion in Jan-Mar 2022

The PE (Private Equity) inflows stood at $1.9 billion in the same quarter last year

Covid ensured that fly-by-night operators vanished: Tata Realty & Infra MD

'There is clarity globally that employees need to work in a healthy environment in well-certified buildings'

PE inflows to real estate sector shrank 32% in FY22, says Anarock

Sans portfolio deals, average ticket size reduced to $93 million

Prestige Estates sales bookings up 90% to record Rs 10,382 crore in FY22

Its sales booking stood at Rs 5,460.8 crore in the 2020-21 financial year

Institutional investments in real estate doubled to $1.1 bn in Jan-Mar

Office, retail, and industrial & logistics segments contributed 95% of the total institutional investment in the real estate sector during January-March period

North-eastern states lag in PMAY-G with house completion rate just over 50%

Arunachal Pradesh had lowest completion rate of 12%; House completion rates under the scheme are higher for minorities and the physically disabled

Get an accurate estimate of price before putting your house on the sale

Housing sales: Make it presentable, clear off dues, and have documents ready before you meet potential buyers

Rohan Lifescapes to launch Rs 2k-cr Borivali redevelopment project shortly

Rohan Lifescapes, the largest re-developer of cessed buildings in the megapolis, is launching its biggest project in the northern suburb of Borivali on a six-acre plot which has a revenue potential of over Rs 2,000 crore. Rohan Lifescapes was founded by first-generation entrepreneur Harresh Mehta in 1996, and has so far delivered 28 projects worth 6.5 million sqft of quality space, impacting 5,000 original families in them. The company has nine ongoing projects which will have around 8 million sqft of developed area, and seven upcoming launches with over 10 million sqft of saleable area, on completion, and the Borivali project is its biggest bet ever with over 25,000 sqm of saleable space, Mehta said, adding the company is sitting on a land bank of over 50 sites in prime localities. Some of its upcoming projects include Hughes Road, Malabar Hill & Chowpatty near the Nariman Point commercial hub. "The Borivali project is our biggest ever, and has a revenue potential of over Rs ...

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

Housing demand rises 4.6% QoQ in Q1, 2022; supply remains stable: Report

The prices of ready-to-move properties increased 1.7 per cent QoQ and 5.8 per cent year-on-year

Tata Housing plans Rs 1,200 crore investment for premium housing

Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic. In an interview with PTI, Tata Realty and Infrastructure CEO & MD Sanjay Dutt noted that the demand for plots has increased significantly during the pandemic and highlighted that the company has sold all 157 plots in Bengaluru for Rs 130 crore. Tata Housing Development Company Ltd and Tata Realty and Infrastructure Ltd are 100 per cent subsidiaries of Tata Sons. Tata Housing has recently launched a project 'Swaram' at Devanahalli in Bengaluru, Dutt said, adding that the plots were sold out within 36 hours of its launch. "We sold all 157 plots for Rs 130 crore," he said. The project is a part of Tata Housing's 140 acre township 'Carnatica' developed by One Bangalore Luxury Projects LLP, a ..

Embassy REIT raises Rs 1,000 crore via 5-year paper to fund operations

The coupon rate on these bonds is 7.35 per cent

Real estate group Alliance sells 3,686 homes worth Rs 2,290 cr in FY22

The company has lined up new launches of over 25 mn sq ft of residential projects for FY23

CBRE's Anshuman Magazine on real estate's future

In an interview with Business Standard's Nivedita Mookerji, Anshuman Magazine of CBRE South Asia shares why he sees robust growth for the sector which was hit hard by the pandemic

Brookfield, Bharti enter into real estate JV with Rs 5,000-cr deal

Brookfield, a private real estate fund, will purchase a 51 per cent stake from Bharti Enterprises of four properties totalling 3.3 million square feet

Housing sales up 71% YoY in March quarter, highest since 2015: Anarock

Approximately 99,550 units sold across the top 7 cities in Q4, according to data from real estate consulting firm

Check how home buyers of bankrupt Supertech can now submit claims online

The NCLT order is likely to hit over 25,000 home buyers who have booked their homes with the company for over several years