Category: World Real Estate News

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

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

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

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

Singapore’s GIC is going to purchase Tech Park in Bengaluru for Rs. 2,500 crore.

February 19, 2020

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

Out of 56 countries – India ranked 47th for housing price appreciation.

December 31, 2019

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

EOW filed 32,000- page charge sheet against the promoters of HDIL and others.

December 30, 2019

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

The increasing demand for Co-working space in MNCs, Corporates and SMEs.

December 14, 2019

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

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.

November 20, 2019

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

Entities involved in Land Banking and its effect on the real estate sector.

November 12, 2019

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

Category: World Real Estate News

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