Realty News
There is some good news for Infosys which has not been performing as per the guidance issued by them. The state-run Odisha Industrial Infrastructure Development Corporation (IDCO) has urged the Falta Special Economic Zone (SEZ) to issue the letter of permission (LoP) to IT major Infosys to start operations at its second development centre in Bhubaneswar. [...] Continue Reading »
Real estate developers and investors have hiked the values of their property in the region between Vijayawada-Guntur-Tenali-Mangalagiri (VGTM), which is likely to be named the new capital of Seemandhra. In the last three months, property values in the VGTM region have increased more than two times; thanks largely to the increasing demand for property in [...] Continue Reading »
The new BJP-led government has been talking about ‘home for all by the year 2022’. Usually, the growth in the housing sector is seen as growth in a country’s economy. But in India, housing hasn’t received the status it deserves. The ministers and other officials never consult the housing industry association before the budget, nor [...] Continue Reading »
Kotak Realty Fund has made its very first investment from its latest offshore fund of $392 million, in a residential project being developed by Mumbai-based realty firm Nirmal Group. The project is in the early stages, with construction work not underway yet, in suburban Mulund. Kotak Realty Fund has chosen the structured finance route – [...] Continue Reading »
Ozone Group is coming up with a project for mixed-use called Metrozone, which is located at Anna Nagar in Chennai. The Blackstone Group LP is said to have made an investment of Rs 175 crore in the residential component of this project. This news didn’t come as a surprise after Ozone Group made several investments [...] Continue Reading »
Real Estate Investment Trusts, or REITs, are the next big thing in the Indian economic market. Prime Minister Narendra Modi’s decision to implement new rules for the governing of trusts throughout India will open up a new chapter in the country’s real estate. Many prominent private equity players are now pushing for REITs to be [...] Continue Reading »
The state-run Mumbai Port 142 years old, and is in dire need of a revival. Shipping minister Nitin Gadkari said that a committee has been set up to utilize the 1,800 acres of land it owns. The committee will function under the leadership of Rani Jadhav, former chairperson of the Mumbai Port Trust. They are [...] Continue Reading »
Renowned property consultant and market research expert Jones Lang LaSalle recently conducted a “Global Real Estate Transparency Index” survey for the countries of the Asia-Pacific. According to the survey, Indian real estate market ranks lowest when it comes to transparency in all real estate related matters. The main contributors behind this abysmal performance of the [...] Continue Reading »
With the new government promising stability at the centre, many companies in the IT, e-commerce, and consultancy sectors are making quick investments. They have begun to lease and buy office spaces expecting to cash in on a sudden economic boom. Property consultancy firms like Cushman & Wakefield, JLL, DTZ, CBRE, and Knight Frank have received [...] Continue Reading »
Real estate investment experts across the country are of the opinion that the best time to invest in property is when the economy is going slow, and the market is down. For example, the lull in the Indian economy preceding the election of the new majority government in India was the best time to invest [...] Continue Reading »
