Page 40 - Real Estate

Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

Property mkt to touch $1 trn by 2030 on high demand, reforms: Housing secy

The Indian real estate market is estimated to touch $1 trn by 2030 driven by rising demand and various reforms in the past seven years, Housing and Urban Affairs Secretary Durga Shanker Mishra said

Property consultant Colliers appoints Ramesh Nair as CEO for India

Nair joined Colliers from JLL India, where he held the position of CEO & country head, leading over 12,000 people

US based Colliers appoints Ramesh Nair as CEO for India business

US-based property consultant Colliers on Wednesday announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India business, as part of its strategy to accelerate growth in the country. Nair, an industry veteran, will also be the Managing Director, Market Development for Asia, Colliers said in a statement. In January this year, Nair quit JLL India, where he held the position of CEO & Country Head and led a team of over 12,000 people. Nair joined JLL as an analyst in 1999, and became the CEO of India business in 2017. Based in Mumbai, Nair will partner with Sankey Prasad, Chairman & Managing Director of Colliers in India, to lead the business, the statement said. Commenting on the appointment, John Kenny, Chief Executive Officer, Asia Pacific, said: "We are delighted to have Ramesh join us to lead and accelerate the success of our clients and our people in one of the largest and most dynamic economies in the world." Nair's experience and leadership ...

Institutional investment in realty to grow 4% to Rs 36,500 cr: Report

Institutional investment in real estate is likely to rise by 4 per cent to $5 billion (Rs 36,500 crore) during this calendar year with investors looking to snap up properties at attractive valuations

Real estate fund managers rush to raise fresh money as banks baulk

Early this week, ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, launched a fund with a corpus of Rs 1,000 crore

Hospitals have turned into industries instead of serving humanity: SC

On December 18 last year, the top court had directed all the states to constitute a committee in each district to conduct fire audit of COVID-19 hospitals at least once a month

Kirloskar Oil Engines to invest Rs 250 crore more in NBFC business

They also announced plans to monetise its 50-acre land bank in its base of Pune for its realty company Avante Spaces

NAREDCO demands one-time loan restructuring, funds for stalled projects

Realtors' body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis

Sunteck to Brigade, major listed realtors hike residential prices by 10%

Bengaluru-based developer Puravankara has initiated a similar increase in prices

Home sales rise 67% in H1 2021 on the back of growth in Mumbai, Pune mkts

The top 8 cities saw total sales of 99,416 residential units in H1 2021

Sales of sub-Rs 50 lakh homes hit in 2021 as Covid bites: Knight Frank

During the early part of this year, sales volumes were greatly influenced by two markets - Mumbai and Pune that together constituted over 45 per cent of the total sales amongst key markets

Mahindra Lifespace Developers shifts gear; charts aggressive growth plans

The company, which lagged peers Godrej Properties and Prestige Estates Projects, seeks to invest Rs 500 cr every year in buying land parcels for new projects

ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr

The fund is also planning to raise an additional Rs 1,500 crore via a green shoe option

It's the best time to buy a house for your own use, say analysts

Chances of realty prices declining further are slim

Housing sales in NCR up 24% in Jan-Jun; demand to grow in 2021: PropTiger

Housing sales in Delhi-NCR rose 24 per cent year-on-year to 9,016 units during the first six months of this year on lower base and the demand is likely to remain strong during the festive season

Sunteck Realty first quarter sales booking up 74% at Rs 176 crore

The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.

Global boom in house prices becomes a dilemma for central banks

Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term

Godrej Properties to invest over $1 bn in next couple of years: chairman

The executive chairman highlighted that the company in March raised Rs 3,750 crore through Qualified Institutional Placement (QIP) process.

Amid consolidation, gains for realty index may continue in the near term

Ongoing consolidation to help residential players expand their market share further