Realty News
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
The recently launched ICT Academy of Kerala (ICTAK) is looking for appropriate space in Technopark to set up its facility. ICTAK has been launched chiefly with the objective of equipping gradates with the requisite skills and knowledge to meet the requirements of the IT/ITeS industry. With regard to the space being scouted by ICTAK in [...] Continue Reading »
According to an internal note of the Department of Telecommunications (DoT), the government plans to make creation of telecom infrastructure mandatory for future real estate ventures, including high rises. DoT is likely to shortly specify the real estate project categories where it may purely be the property developer’s responsibility to arrange the basic telecom infrastructure, [...] Continue Reading »
Mumbai based developers Lodha Developers Pvt. Ltd, is building the world’s tallest residential tower. The company is building the 117-storey World One residential tower, which it says will be the world’s tallest at 423 metres. This tower is located in central Mumbai’s Lower Parel district near the offices of Morgan Stanley and KKR & Co. [...] Continue Reading »
Blackstone the premier global investment and advisory firm and its local partner Embassy Group are likely to set up India’s first real estate investment trust (REIT). They will list it in on domestic exchanges next year. Chief Executive for Commercial Real Estate Division Michael Holland of Embassy Property Developments mentioned that his team has already [...] Continue Reading »
In order to meet the demands of better urban living, the government has offered tax and non-tax incentives to promote investments in urban infrastructure and housing sectors. This includes REIT and InvITs and has also made provisions for increasing Plan outlay in the Budget 2014-15. After the presentation of the budget, the Urban Development and [...] Continue Reading »
Consumers are now more keen to invest in ‘’ready- to- move- in’’ properties than availing the pre-launch offers. Due to the delay in construction, starting of the pre-EMIs and EMIs, the financial burden increases on the buyers as they have to pay for the EMIs as well as the rent (for their existing establishments) for [...] Continue Reading »
New York-based Morgan Stanley reportedly has plans underway to give up some of the offices space which the company leases in Mumbai, after disposing off its wealth in India and domestic fund management business. According to the information shared by unidentified sources on the condition on anonymity, one entire floor in Tower 2 of One [...] Continue Reading »
Tata Group’s realty company, Tata Housing is preparing to invest Rs. 3,000 crore into joint development agreements, and more land this financial year (FY). MD and CEO of Tata Housing Development, Brotin Banerjee says that the current FY is very important for the company, as they plan on increasing expenditure on acquiring land. The move [...] Continue Reading »
The recently concluded national elections marked the rise of BJP as the single largest coalition party. Narendra Modi will soon be sworn in as the 15th prime minister of India. With this major political development, Cushman and Wakefield expects major politico-economic conditions of India, with a significant impact on real estate. Executive Managing Director of [...] Continue Reading »
