Real-estate market
Poor real estate sales in the residential sector have made significant impact on home loan disbursements, revenues and balance sheets of banks etc. Most buyers reluctant of making immediate purchases are now being lured into the market by being offered lucrative financing schemes by Banks. The residential property sector of the real estate market suffered [...] Continue Reading »
Sobha Ltd. has posted a consolidated profit of 5.12% for the second quarter of 2014 through newer sales and greater realization of per square feet. During the financial year 2014-15, the net profit of the Bengaluru based Shobha Ltd stood at Rs 59.5 crores which was Rs 56.6 crores in the previous year’s same period. [...] Continue Reading »
Investment sentiments of consumers in India might soon improve, as the government has given its consent to 25 proposed Foreign Direct Investments (FDI). While the FDIs are not going to be placed directly in the real estate market, they would, however, play an important role in reviving the country’s economy, imbuing similar effects on the [...] Continue Reading »
India’s commercial real estate market is seeing big deals being struck once again in the top cities. In one of the largest leasing deals in the country, Deloitte is close to signing up 1.4 million sq ft of office space in Hyderabad for its BPO business. This isn’t the only 1 million sq ft plus [...] Continue Reading »
After having raised its first fund of Rs 200 crore last year, the Segregated Funds Group (SFG) – the private-equity firm promoted by real estate consulting company JLL India – is apparently contemplating a Rs 100-crore investment, in residential projects, from the fund this year. SFG is chiefly focused on investments in small realty projects. Along with mulling a [...] Continue Reading »
The city’s real estate segment witnessed the lowest capital value appreciation of 14 percent in the mid-segment and 16 percent in the high-end segment as compared to other metros over the last three years, revealed the latest report from global real estate consultant Cushman & Wakefield on Monday. Hyderabad was ranked last among the top [...] Continue Reading »
Sumit Jain, the Co-founder and CEO of CommonFloor.com has observed an interesting trend over the last one year in the Indian real estate market. There is an increased demand for ready-to-move-in properties. The main factor which is responsible for this rise in demand is the inordinate delay in project delivery. Due to this the home [...] Continue Reading »
The real estate market in Bangalore attracted the maximum private equity (PE) investment in the country in the first half of 2014, beating the national capital Delhi as well as the commercial capital Mumbai, according to property consultancy firm Cushman & Wakefield. Led by high demand for office spaces as well as steady demand for [...] Continue Reading »
Private equity fund BlackSoil Realty Fund–I has completed its maiden investment of Rs. 30 crore in real estate firm Sheth Developers through a mezzanine structure. Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai [...] Continue Reading »
FDI in real estate as announced by the finance minister Arun Jaitley has already started picking momentum in the real estate market. IL&FS Investment Managers Ltd or ILFS IML, the private equity arm of the local infrastructure financier Infrastructure Leasing & Financial Services Ltd or IL&FS, will raise roughly $1 billion (Rs 6,000 crore). This [...] Continue Reading »
