Page 30 - Real Estate

'Registration of homes in Mumbai city declines 52% in Dec; up 70% for 2021'

In the entire last year, 65,633 homes were registered

J&K govt inks 39 MoUs worth Rs 18 cr with country's real estate investors

The Jammu and Kashmir government on Monday opened the union territory to the country's real estate investors by signing 39 MoUs worth Rs 18,300 crore for the development of housing and commercial projects. Terming the signing of the MoUs at J&K Real Estate Summit here "historic'', Lieutenant Governor Manoj Sinha said it is a major step towards transformation of the UT. Addressing a press conference at the summit, he said the government has already implemented the realty law RERA and adopted Model Tenancy Act in the UT. He emphasised that the government will consider reducing stamp duty on registration of properties and set up a single-window system for faster approval of projects. "We have signed 39 MoUs today. We have received investments proposals of Rs 18,300 crore," he told reporters here. The summit was organised by the J&K government, Union Ministry of Housing and Urban Affairs and realtors' body NAREDCO. Sinha said these MoUs will help generate direct and indirect ...

Real estate MoUs to Haldiram, industrial development in J&K gets a boost

Efforts are also underway to finalise the terms and conditions and sign MOUs with the countrys top notch hospitals in the near future

Realtors on firm ground after tackling pandemic gloom; high hopes for 2022

A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year

Axis Ecorp to invest Rs 100 cr to build housing project in Maharashtra

Realty firm Axis Ecorp will invest Rs 100 crore to develop a 25-acre luxury housing project in Maharashtra.

Burton Wilkins Sets The Standards For Real Estate In Ocean City, New Jersey

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Consumption revival to drive growth for Phoenix Mills' stock in medium-term

Capital infusion, lower debt will help execute expansion plan

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

Property registration in Mumbai hits 10-year high, demand moderates

Spurt in home sales after state government cut stamp duty appears to be cooling off, say industry experts.

Shyon Keoppel's SKventure Is Making Waves And Disrupting Important Brands

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WeWork India turns profitable on top line of Rs 800 crore in Jan-Nov

The flexible office space start-up had entered India in July 2017 through a franchise model with Bengaluru-based property developer Embassy Group

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion. On Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park project in Navi Mumbai in partnership with UK-based investment firm Actis. Asked whether the company would at some stage look at floating REIT public issue, Dutt said: "We will. We already have 7 million square feet. So, technically we can do it (REIT) today." "But we are thinking that over the next 2-3 years once we scale up our

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

Evergrande declared in default by S&P for failed coupon payments

S&P Global cut Evergrande to "selective default" over its failure to make coupon payments

China's Shimao plans to repay publicly issued debt due in Q4: Report

Shimao saw sharp falls in its shares and debt earlier this month, triggered by worries over an asset sale and cancelled apartment deals.

Godrej group PE arm GFM raises $500 mn to build premium office buildings

Godrej group's real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.

China finance minister urges deeper property tax reforms: Report

China's property market has been a key driver of the country's economic growth, but it has been hit this year by tighter regulations and a liquidity crisis

Adani's realty unit in talks to buy debt-laden Ozone group, says report

Adani's 10-year-old developer arm will be taking over the debt of Ozone which has been struggling to repay creditors.

Best of BS Opinion: Real estate sector, employment in India, and more

Here are the best of Business Standard's opinion pieces on Tuesday

The shovel returns

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now