Tag: #News

BSNL

Eight BSNL properties have been listed for sale at throwaway prices in Chennai.

August 16, 2019

By Abhay Shah, Realty Quarter BSNL Employees Union has asserted that a plan has been drawn up by the state-owned telecommunications operator to sell eight BSNL properties in prime locations at throwaway prices in Chennai. In addition to property parcels in Kilpauk, Royapettah, Egmore, and Ambattur, a list of recognized properties published by the union contain […]

Eight BSNL properties have been listed for sale at throwaway prices in Chennai.more
Taj Mahal Palace Mumbai

The Taj Hotel chain of Tata Group to sell assets as the economy weakens.

August 13, 2019

By Abhay Shah, Realty Quarter The Indian Tata Group controlled luxury hotel chain seeks to sell some assets and avoid owning new properties in order to keep debt as it slumps consumer expenditure. In an interview, Puneet Chhatwal, Managing Director and Chief Executive Officer, said Indian Hotels Co. Ltd, Tata’s listed company operating the Taj […]

The Taj Hotel chain of Tata Group to sell assets as the economy weakens.more
Real estate

CREDAI and CBRE latest report reveals the real estate sector of India is on a growth path.

August 12, 2019

By Abhay Shah, Realty Quarter According to the CREDAI and CBRE report, the economic transition, employment expansion and urbanization in India will boost investment opportunities in the real estate sector in the coming decade, resulting in considerable growth in housing, office, retail and warehousing. Property consultant, CBRE has reported that the industry will grow tremendously until […]

CREDAI and CBRE latest report reveals the real estate sector of India is on a growth path.more
Nirmala Sitharaman

Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.

By Abhay Shah, Realty Quarter On 11 August, after the industry and homebuyers met with Finance Minister Nirmala Sitharaman to emphasize their issues regarding liquidity crunch, demand slowdown and stalled projects, the government proposed it would soon solve the problems that are affecting the real estate sector. The Minister of Finance conducted two separate meetings on August 11 – the first with the two apex realtors’ industry bodies CREDAI and NAREDCO, and the second with homebuyer associations to address the problems related to the property industry and measures to improve […]

Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.more
Supreme court

Home buyers accept SC judgment that helps to recover its dues on stalled projects.

August 10, 2019

By Abhay Shah, Realty Quarter The judgment of the Supreme Court on Friday reaffirming the privileges of end-use home buyers as economic creditors under the Insolvency and Bankruptcy Code (IBC) is anticipated to provide security and hope of regaining their dues, particularly in projects that are stuck for a long time with no delivery in […]

Home buyers accept SC judgment that helps to recover its dues on stalled projects.more
Real Estate Market

RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!

By Shishir Baijal – Chairman & Managing Director, Knight Frank India The Indian economy is going through testing times. What was initially being perceived as a sector-specific degrowth has now panned out to be an overall economic slowdown.The automobile and fast moving consumer goods (FMCG) industries are in a slump, job markets are strained with […]

RATE CUT IN EXCESS OF 100 BPS – THE ONLY WAY TO KEEP THE REAL ESTATE HEAD HIGH!more
Knight Frank

With 8.8% cap rate for commercial assets, India remains favourable market investment destination: Knight Frank Report

Mumbai, 26th July 2019 –Knight Frank, the independent global property consultancy, has come up with commercial research on Asia Pacific Capital Markets. With ongoing trade tensions and heightened economic uncertainties, many Asia-Pacific central banks have opted for a more dovish stance on their monetary policies. In the past six months alone, five Asia-Pacific central banks […]

With 8.8% cap rate for commercial assets, India remains favourable market investment destination: Knight Frank Reportmore