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invest

Indian real estate market experiences a decline in institutional investment by 58%.

April 21, 2020

Institutional investment in the Indian real estate market has dropped from a year earlier to $712 million during the quarter ended March by 58%. Total investments in the financial year 2019-20 experienced a 13% fall at $4.26 billion-the lowest for four years, a report by JLL India shows. Several events affected the downturn, including the […]

Indian real estate market experiences a decline in institutional investment by 58%.more
High Court

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.

A Delhi High Court order received by private-sector lender Indiabulls Housing Finance toward market regulator Sebi has placed mutual fund houses in a tight position. The HC has permitted Indiabulls, a Non-Banking Financial Company (NBFC) not to pay its debenture holders, including fund houses, interest and principal, as far as the RBI requires banks and […]

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.more
office

Office workplace to focus on creating wide spaces to comply with social distancing standards.

April 20, 2020

COVID-19 outbreak and government-mandated social distancing standards will affect workplace requirements and designs in the coming future as businesses look at ways to safeguard their employee’s health. Companies working in commercial complexes are required to uphold social distancing norms and be able to confront any unexpected health issues. Many firms, particularly in information technology and […]

Office workplace to focus on creating wide spaces to comply with social distancing standards.more
Raising Funds

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.

Motilal Oswal Real Estate (MORE) raised Rs 1,150 crore from high net worth individuals for its fourth realty fund to invest in housing and commercial ventures around six major cities, a senior company official stated. The fundraising exercise for the India Realty Excellence Fund IV (IREF IV) started in September 2018, and a pledge of […]

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.more
Real estate

Mumbai and Pune city may not get the relief benefit for the construction projects.

The updated guidelines for ongoing construction projects provided by the Center on April 15 have come as a significant relief to the builders as workers stationed at such sites are now able to begin construction work. The updated guidelines, however, also confirmed that such work cannot be performed in places designated as COVID-19 hotspots. Mumbai […]

Mumbai and Pune city may not get the relief benefit for the construction projects.more
Construction

X BKC project promoter declines to pay rent by citing force majeure clause.

April 14, 2020

Invoking the force majeure clause in the context of the COVID-19 lockdown, the promoters of the X BKC project in Kala Nagar, Bandra requested MIG Colony’s original tenants not to deposit their cheques for the May-June period. Citing financial problems and bad market conditions, MIG (Bandra) Realtors and Builders Pvt Ltd, part of the DB […]

X BKC project promoter declines to pay rent by citing force majeure clause.more
Housing Plots

Karnataka government plans to raise funds by selling Bengaluru housing sites.

As per Chief Minister B.S. Yediyurappa on 13 April, with the coronavirus pandemic and subsequent 21-day lockdown causing a financial crisis, cash-starved Karnataka agreed to auction 12,000 housing sites to raise funds. “The government will auction 12,000 corner sites, idle in Bengaluru, to collect funds for development work,” Yediyurappa said following a meeting with ministers […]

Karnataka government plans to raise funds by selling Bengaluru housing sites.more
High Court

Bombay High Court declares calculation of 90days NPA should not include lockdown duration.

April 13, 2020

In a major relief to a construction firm based in Mumbai, the Bombay High Court said the lockdown duration is to be eliminated when calculating 90 days for the Non-performing Assets (NPAs) declaration. The High Court’s ruling came on a Transcon Iconica petition that took a loan from ICICI Bank and failed to make payments […]

Bombay High Court declares calculation of 90days NPA should not include lockdown duration.more


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