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
In terms of appreciation in housing costs, India ranks 47th in the world as rates grew just gradually in the quarter of July-September by just 0.6%, according to multinational property advisor Knight Frank. In the April-June 2019 quarter, India stood at 11th position with an increase in home prices of 7.7% year on year. The […]
Out of 56 countries – India ranked 47th for housing price appreciation.more
The Economic Offenses Wing of Mumbai Police On Friday, in a Metropolitan magistrate court, filed a 32,000-page charge sheet against five persons at multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam. The charge sheet has been marked by Joy Thomas, former director of the bank, Waryam Singh, former chairman, Surjit Singh Arora former director of […]
EOW filed 32,000- page charge sheet against the promoters of HDIL and others.more
Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]
The increasing demand for Co-working space in MNCs, Corporates and SMEs.more
On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]
WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more
Land banking consists of aggregating the plots or land blocks for future sales or construction at current or below-market rates. A land aggregator aggregates land-based on social infrastructure and demographic factors by monitoring the geographical and topological locations that are ready for investment. The land usually originates in an unprepared format to the aggregator, whereby the land […]
Entities involved in Land Banking and its effect on the real estate sector.more
In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]
The cabinet opens Rs 25,000 crore window for projects that are on hold.more
On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]
The government is working on reviving the real estate sector, says Nirmala Sitharaman.more
According to the recent updates, Union Housing and Urban Affairs minister Hardeep Singh Puri stated, that the central government is going to establish an e-commerce platform for the real estate sector. On Monday, Puri said at the first National RERA conclave in Lucknow, “I had a discussion with CREDAI and NAREDCO and very soon we’ll […]
Government to launch an e-commerce platform for the real estate sector by January 2020.more
Many people invest in property to get a regular rental income from it. But what if you don’t get a proper rental income on your property? Below are the general guidelines which can be followed in order to achieve higher rental income. It is often difficult for homeowners to assess the correct balance between the […]
How to determine an optimum rental amount for your apartment?more
