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