Realty News
The esteemed SC (Supreme Court of India) clamped down on Sahara Group’s request which stated the need to release many of it’s directors including the top lead of them all, Subrata Roy. The plea was rejected on Monday, says a source which clearly stated if INR 10,000 crore wasn’t deposited, the case status quo stands [...] Continue Reading »
Real estate players apparently have a lot of expectations from the new Government headed by Narendra Modi. Though Modi is yet to officially assume charge as India’s new Prime Minister, the country’s realty sector is hopeful of several realty-specific policy initiatives under his governance. The policy initiatives which the real estate sector is anticipating from [...] Continue Reading »
“Ab ki Baar Modi Sarkar”, we’ve heard that over the months before the Lok Sabha elections could have happened this year. The orange brigade now in power, Bharatiya Janata Party has made it clear at the centre that there would be a revival when it comes to foreign investments making inroads and the development of [...] Continue Reading »
The real estate body of Noida has proposed to Narendra Modi, after his sweeping election victory, that a single window clearance system be introduced for clearing new projects. The real estate sector has been an under-performer for long, and the time taken for clearing new projects has been a significant reason behind this. Mithas, managing [...] Continue Reading »
After it was established that a stable government would come to power, real estate experts opined that private equity investment in Delhi-NCR is expected to rise by as much as 50%. Although the real estate investment climate has remained dim for a long time, it’s expected that this scenario will change drastically post-election. Officiating president [...] Continue Reading »
While Reserve Bank of India has already agreed to letting state-run banks raise capital from employees and setting up holding companies, the government is pondering over a plan where banks could also raise capital by leveraging real estate holdings. Banks have suggested that each bank set up a special purpose vehicle (SPV) and have their [...] Continue Reading »
Private equity giant Blackstone is acquiring a 1-million sq ft office space at Vikhroli, Mumbai from real estate fund house Milestone Capital at a cost of Rs 1050 crore. The property, 247 park, is owned jointly by Milestone Capital and HCC Real Estate in a 74%-26% arrangement. It’s valued at Rs 1000 crore and requires [...] Continue Reading »
Ahmedabad has topped the list of youngest realty buyers in a joint survey of 10 cities, conducted by the Indian Institute of Management, Bangalore and MagicBricks. The youngest buyers were those who came under the 18-25 age group. Titled Housing Sentiment Index (HSI), this online survey carefully screens prospective home buyers before arriving at the [...] Continue Reading »
India’s Tata Housing launched a US$ 400 million mixed development project in Slave Island, Colombo this last week. Tata Housing is a wholly owned subsidiary of Tata sons and the real estate arm of the Tata Group. The project is a major township rejuvenation initiative, which also aims to provide improved housing units for shanty [...] Continue Reading »
After Modi’s sweeping election victory, real estate experts predict a revival of the property market. A stable government at the center will improve investor sentiment and increase the demand for both housing and office spaces, as the aspect of pleasing the coalition partners disappears. Expectations are high after Modi’s win, mostly owing to his past [...] Continue Reading »
