By Abhay Shah, Realty Quarter The Indian Tata Group controlled luxury hotel chain seeks to sell some assets and avoid owning new properties in order to keep debt as it slumps consumer expenditure. In an interview, Puneet Chhatwal, Managing Director and Chief Executive Officer, said Indian Hotels Co. Ltd, Tata’s listed company operating the Taj […]
The Taj Hotel chain of Tata Group to sell assets as the economy weakens.more
By Abhay Shah, Realty Quarter Godrej Fund Management (GFM), the Godrej Group’s private equity real estate arm, announced the second and final close of its $450 million office development platform on Tuesday. GFM and the current core Fund, Godrej Build to Core, can now invest over $1 billion in value in/develop office assets. This development has […]
Godrej Fund announced its final close of its $450 million for office development platform.more
By Abhay Shah, Realty Quarter According to the CREDAI and CBRE report, the economic transition, employment expansion and urbanization in India will boost investment opportunities in the real estate sector in the coming decade, resulting in considerable growth in housing, office, retail and warehousing. Property consultant, CBRE has reported that the industry will grow tremendously until […]
CREDAI and CBRE latest report reveals the real estate sector of India is on a growth path.more
By Abhay Shah, Realty Quarter On 11 August, after the industry and homebuyers met with Finance Minister Nirmala Sitharaman to emphasize their issues regarding liquidity crunch, demand slowdown and stalled projects, the government proposed it would soon solve the problems that are affecting the real estate sector. The Minister of Finance conducted two separate meetings on August 11 – the first with the two apex realtors’ industry bodies CREDAI and NAREDCO, and the second with homebuyer associations to address the problems related to the property industry and measures to improve […]
Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.more
By Abhay Shah, Realty Quarter The judgment of the Supreme Court on Friday reaffirming the privileges of end-use home buyers as economic creditors under the Insolvency and Bankruptcy Code (IBC) is anticipated to provide security and hope of regaining their dues, particularly in projects that are stuck for a long time with no delivery in […]
Home buyers accept SC judgment that helps to recover its dues on stalled projects.more
By Abhay Shah, Realty Quarter People who reside in rental housing often experience conflicts with their landlord over minor stuff. Therefore, it is vital to understand what are the tenant rights, as well as the landlord’s rights. To reside in harmony, both parties must respect these rights. Regular things a landlord should provide to […]
Essential fundamental rights that tenants and landlords need to know.more
By Shishir Baijal, Chairman & Managing Director, Knight Frank India “In light of the present economic distress in the country, we welcome the move to bring down REPO rate by 35 bps however, we would have really expected to see a more substantial cut is the need of the hour for its effective transmission to […]
35 bps rate cut welcomed but more needs to be done.more
By Shishir Baijal – Chairman & Managing Director, Knight Frank India The Indian economy is going through testing times. What was initially being perceived as a sector-specific degrowth has now panned out to be an overall economic slowdown.The automobile and fast moving consumer goods (FMCG) industries are in a slump, job markets are strained with […]
RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!more
Mumbai, 26th July 2019 –Knight Frank, the independent global property consultancy, has come up with commercial research on Asia Pacific Capital Markets. With ongoing trade tensions and heightened economic uncertainties, many Asia-Pacific central banks have opted for a more dovish stance on their monetary policies. In the past six months alone, five Asia-Pacific central banks […]
With 8.8% cap rate for commercial assets, India remains favourable market investment destination: Knight Frank Reportmore
By Abhay Shah, Realty Quarter The Maharashtra Government lately increased the stamp duty by 1% including for the sale, donation and transfer, and further increases in stamp duty and registration charges are possible. However, a conflict which afflicts property owners and buyers is somewhat nearer to home – transfer fees for the sales and transfer of shares and rights to apartments in a building by a cooperative housing society. At the time of sale of the […]
What is the maximum amount chargeable by a housing society for transfer charges, as per the law?more
