Private equity retail arm Xander has agreed to purchase 20 acres of land in J K Gram, Thane, from the largest textile company Raymond Ltd for Rs 700 crore. Another Rs 1,700 crore will be invested by the buyer to develop the site. The plot at the Raymond Junction near the Singhania School has a […]
Raymond sells its Thane plot to a private equity firm for Rs 700 crore.more
According to a study conducted by the JLL, the Indian real estate market will have cumulative institutional investments worth around $50 billion in 2019, which include both foreign and domestic investments, as a result of large relaxation on investment norms concerning to Foreign Direct Investment (FDIs) and institutionalization of investments in a manner of REITS […]
India to receive $50 billion of Institutional Investment by the end of 2019.more
Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]
Almost 421 realtors were under the bankruptcy court, doubled then the last year.more
By Abhay Shah The real estate fund of Axis Asset Management Company, Axia RERA Opportunities Fund – I, has signed a deal with Bangalore-based real estate developer Adarsh Developers to invest Rs 65 crore. This is the second investment of the alternative investment fund for the maiden real estate of Axis AMC. The investment is […]
Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.more
By Abhay Shah On Monday, the Supreme Court stopped authorities from cutting more trees in Mumbai’s Aarey which is good news for environmental activists. A special bench consisting of justices Arun Mishra and Ashok Bhushan notified that they would have to review all the issue and bring it before the forest bench for hearing on 21 October. […]
A small win to the environmental activists as Supreme Court orders for no more cutting-down trees in Aarey Colony.more
By Abhay Shah According to a statement from the Anarock consultancy, the National Capital Region (NCR) suffered a 22% fall in housing sales quarterly. According to the report, annually sales decreased by 13% and by almost 22% on a quarterly basis with sales of almost 9,830 units in the third quarter of 2019. Out of […]
NCR housing sales declined by 22% – Anarock Consultancy Report.more
By Abhay Shah The Mumbai City Authority has announced that 125 houses for homeless people are being constructed in Mumbai, and 20 of these will be accessible in the next few months. The Brihan Municipal Corporation (BMC) replied to an RTI query submitted by activist Anil Galgali, that it followed an order of the Supreme […]
BMC will construct 125 shelter homes for the poor people in Mumbai.more
By Abhay Shah According to a report, almost 10 developers and operators of commercial real estate have the potential to raise Rs 1.5 lakh crore by monetising 184 million sq ft of space through the real estate investment trust (REIT) route. The rating agency Crisil estimates that these assets account for around 30% of Grade […]
Commercial Real Estate Developer can raise Rs.1.5 lakh crore through the REIT method – CRISIL Report.more
The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said NCLT’s Mumbai Bench ordered the […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
By Abhay Harish Shah , Realty Quarter As towns are getting populated and it makes living so congested the state government has planned to reduce basic Floor Space Index also known as FSI by 50%. This rule is majorly for commercial, mixed-use and industrial plots in unified development control regulations (DCR). They say that FSI […]
Maharashtra cuts 50% FSI for commercial or mixed used plotsmore
