Category: World Real Estate News

dubai property marina

Dubai property is currently 14% less expensive for an Indian buyer than it was in 2015.

August 5, 2021

Dubai: Buying property in Dubai is still relatively inexpensive for an investor from India or the United Kingdom, compared to what they would have paid in 2015. This is because Dubai house prices have fallen from their 2015 peak — and partly because these foreign investors are benefiting from currency swings. According to a new […]

Dubai property is currently 14% less expensive for an Indian buyer than it was in 2015.more
Property investments in India

Springfield City Group invites Indian IT companies to invest in Australia’s city Greater Springfield

July 31, 2021

Springfield, Queensland – 28 July 2021 – Springfield City Group (SCG), the master developer of Greater Springfield, in partnership with Australia India Business Council Ltd (AIBC), the peak body for promoting and enhancing bilateral trade relations between the two countries, aims to further build the Australia-India relationship by attracting world-leading Indian technology companies to Australia. […]

Springfield City Group invites Indian IT companies to invest in Australia’s city Greater Springfieldmore
Rent Agreement

The tenant eviction ban gets extended until June in the USA.

April 1, 2021

The Biden administration is continuing a federal moratorium on evictions of residents who fell behind on their rent during the coronavirus pandemic. The Centers for Disease Control and Prevention moved on Monday to prolong pandemic-related safety, which was due to expire on Wednesday. The ban got extended until the end of June. The ban, which […]

The tenant eviction ban gets extended until June in the USA.more

Online Property Expo – Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals.

August 27, 2020

Don’t Miss The 16 Best Days To Buy A Home, Visit India’s Biggest “ONLINE PROPERTY EXPO 2020” on 5th Sep to 20th Sep. Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals of the sector under one virtual roof. => Assured Gift for First 500 Visitors=> 100+ Projects Options=> Homes […]

Online Property Expo – Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals.more

Emirates REIT plans to buy-back $400 million in bonds to improve its balance sheet.

April 22, 2020

Emirates REIT, a sharia-compliant real estate investment trust headquartered in Dubai, is contemplating buying back some of it’s nearly $400 million in Islamic outstanding bonds to boost its balance sheet, three sources told Reuters. Given the economic pressures induced by the coronavirus pandemic, which is worsening an already stagnant property sector in Dubai, the idea […]

Emirates REIT plans to buy-back $400 million in bonds to improve its balance sheet.more
Court Order

WeWork filed a lawsuit in the US against SoftBank for breaching the contract.

April 8, 2020

Office-sharing giant WeWork sued SoftBank on Tuesday alleging that Japan-based technology investment group breached its contractual commitments by pulling out a $3 billion rescue plan. The case filed in a U.S. court in Delaware comes only days after SoftBank announced it was pulling out of the plan to acquire WeWork shares and shore up the […]

WeWork filed a lawsuit in the US against SoftBank for breaching the contract.more
construction

PMI: UK construction industry experiences the steepest decline in activity in March 2020.

April 7, 2020

Britain’s construction industry experienced the sharpest decline in activity following last month’s financial crisis, a survey revealed on Monday, despite seeing far less pressure than other sectors that are affected due to coronavirus pandemic lockdown. Also reported last week’s figures from financial data provider IHS Markit and the Chartered Institution of Procurement and Supply (CIPS), indicating the British business sector as a whole is shrinking at the highest pace in more than 20 years.  The construction Purchasing Managers’ Index (PMI) plunged to 39.3 in March from 52.6 in February, its lowest since April […]

PMI: UK construction industry experiences the steepest decline in activity in March 2020.more
Vijay Mallya

Court approves refinancing loan application of Vijay Mallya to pay the mortgage to UBS.

March 23, 2020

As England’s high court and Wales provided the free pass to refinance the loan, Vijay Mallya would be able to retain his London family house, ensuring he pays over Rs 200 crore to Swiss bank UBS. On May 15, 2019, it had announced how Mallya had time until April 30, 2020, to pay the mortgage […]

Court approves refinancing loan application of Vijay Mallya to pay the mortgage to UBS.more
Under-construction Building

Construction work freezes in China due to epidemic prevention.

March 12, 2020

In February, construction operations in China halted when the government prolonged the lunar New Year break and urged residents to remain indoors for a coronavirus epidemic preventive. The flu-like disease began from central Wuhan has killed 3,158 people and affected over 80,000 in mainland China. Japan’s Komatsu report, one of the most significant manufacturers of […]

Construction work freezes in China due to epidemic prevention.more
Real Estate Investors

Morgan Stanley acquires Ummeed Housing Finance equity stake for Rs 164 crore.

February 29, 2020

Morgan Stanley has purchased an equity stake in Ummeed Housing Finance in the funding round of the company’s Rs 164-crore series-D. Ummeed Housing is operated by Swiss investor LGT, which has purchased the Soros Economic Development Fund’s India-focused fund Aspada.         A fund operated by global investor Morgan Stanley Private Equity Asia, which owns a minority […]

Morgan Stanley acquires Ummeed Housing Finance equity stake for Rs 164 crore.more