Realty News
On 53 leading builders of the city, Madhya Pradesh Pollution Control Board (MPPCB) has slapped show cause notices for violating green norms. Environmental clearances as required under the Environment Impact Assessment notifications issued by Ministry of Environment and Forests (MoEF) were not taken by any of the builder. An MPPCB official said that these notices [...] Continue Reading »
The hedge fund cum early stage tech investment firm, Tiger Global Management LLC, which has been one of the most aggressive backers of Indian tech firms with investments in firms such as Flipkart and Myntra, has now in its eighth global venture capital fund focused on later-stage raised $1.5 billion, privately held technology companies, according [...] Continue Reading »
For property firms in the city, in the past few weeks a slew of land deals have brought in a mixed bag of results. Though the bigger, cash-rich firms are raking in the moolah, the remaining few others are working hard with slow sales and delayed projects in the face of an economic downturn. By [...] Continue Reading »
Lack of investment opportunities in Tier-II and -III cities and higher return possibilities in large ones is forcing real estate focused PE companies to look at bigger cities for investment. Around $14 billion has been invested in about 700 transactions with around 300 developers across 33 cities in India, according to estimates. Delhi-based Red Fort [...] Continue Reading »
Private equity (PE) funds in India are looking to portfolios of income-producing real estate assets as the country prepares to allow listing of real estate investment trusts (REITs). Redfort Capital, Golden Estates, Kotak Realty Fund and Blackstone Group are few of the PE firms planning to invest in such assets. REIT is a type of [...] Continue Reading »
In the past three years, real estate has been one of the worst hit industries. It has suffered due to various reasons — land prices have stagnated, housing demand has stagnated, commercial demand has shrunk, interest rates have gone up. Access to capital for real estate firms has been restricted by RBI and other factor [...] Continue Reading »
Mumbai has seen three quick, mega land deals. The deals are Oberoi Realty buying Tata Steel’s Borivali land for Rs. 1,155 crore, Tata Housing buying land from KEC International at Rs. 214 crore and Clariant Chemicals selling its land in Thane to Lodha Developers for around Rs.1,154 crore. Rohit Poddar, Managing Director of Mumbai-based Poddar [...] Continue Reading »
Towards the illegal construction of farmhouses and concrete structures going on unabated along the Yamuna and Hindon riverbeds in the district, the development authorities of Noida, Greater Noida and Yamuna Expressway seem to have turned a blind eye. The sale of unauthorized farmhouses along the two rivers continues with the authorities taking no concrete action [...] Continue Reading »
If the prediction of below-normal monsoon by India Meteorological Department (IMD) this year turns out to be true then the availability of unskilled and semiskilled labour for construction and real estate sector is likely to increase. Monsoon is the main source of irrigation in agriculture which supports over 50% of the Uttar Pradesh population. Around [...] Continue Reading »
Among several infrastructure sectors – from road, to railway and power, there is a growing screech against the provisions of a new land acquisition law fearing a three-fold jump in acquisition cost due to the new legislation. The road transport and highways ministry has asked government to increase budgetary allocation for land acquisition, whereas the [...] Continue Reading »
