Singapore’s GIC sovereign wealth fund is the front runner in acquiring Mapletree Investment’s Global Tech Park in Bengaluru for nearly Rs 2,500 crore, in the commercial real estate area of India, with the largest output of private equity (PE). “GIC is now shortlisted and the documentation is in the process while it has not yet […]
Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.more
According to property consultant Anarock, housing sales bookings of the top nine listed developers increased by 2% to nearly Rs 5,800 crore during the third quarter of this fiscal year. DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Godrej Properties, Mahindra Lifespace Developers, Oberoi Realty and Kolte Patil have been included in this sales bookings list. “In […]
Residential sales of 9 leading real estate companies increased by 2% at almost Rs 5,800 crore.more
In order to make home buyers buy property easily by reputable developers, The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an application. The app helps buyers to find their preferred projects and directly contact developers. The app was launched by Chattisgarh RERA Chief Vivek Dhand and by Minister of Transport, Housing […]
CREDAI launches Awaas app to help buyers find their desired property.more
The real estate sector witnessed a massive transformation during the 10 years beginning in 2010, especially in markets such as Pune, Bengaluru, Hyderabad, Delhi-NCR, etc. Nevertheless, these towns are now close to saturation, due to the lack of adequate land banks and high prices. However, many emerging cities are likely to become popular destinations in […]
Analyst Report: The best cities for property investment in 2020?more
The National Green Tribunal has dismissed the environmental clearance (EC) granted to Godrej in Bengaluru to a high-level housing project for the development of the lake buffer zone. A bench of Justice Adarsh Kumar Goel and Justice S P Wangdi, Chairperson of the NGT, said that there could have been no environmental clearance for the […]
The National Green Tribunal nullifies environmental clearance for the project of Godrej Properties.more
India Ratings and Research (Ind-Ra) has maintained an adverse outlook for 2020-21 (April-March) on the overall real estate sector. The government’s stimulus packages for the industry provide little hope, given the limited financial flexibility and restricted availability of credit to businesses. Among players in grade-I residential real estate, commercial and retail project development and operations, […]
India Ratings and Research have revised outlook negatively on the construction industry.more
The residential property market in the nation is starting to look up. India’s Top 35 real estate markets, including Tier I and Tier II, saw 3 per cent annual growth, as well as 5 per cent sequential growth in sales in the quarter ended December. Of these, 27 cities recorded an upward trend in sales […]
Residential sector saw an upward trend; sales grew by 5% in December month.more
According to a report by Cushman & Wakefield India, private equity investments in the real estate sector rose by 3% in 2019 to Rs 43,704 crore, accounting for almost half the shares in investment flows for the office segment. In 2019 the office segment received Rs 21,890 crore from institutional investors, which reflects a 50.1% […]
Report: Private Equity investments in the real estate sector rose by 3%.more
The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]
Buyers can seek a refund from a real estate firm that is undergoing insolvency.more
More than two years after a bailout scheme for stalled slum rehabilitation projects was initiated by the state government by providing soft loans, not a single builder has benefited from it. In October 2017, the government had partnered with the SBI the state-run Shivshahi Punarvasan Prakalp Limited (SPPL), to provide loans between Rs.5 crore – […]
Developers facing denial on bailout scheme applications.more
