Residential Sector
The India Realty Excellence Fund II LLP has raised this fund for deployment in its Ambernath project spread across 2.5 million square feet in Mumbai’s central. As per the person related to the development, this deal was closed in beginning of January. Motilal Oswal Real Estate fund, which is the real estate wing of Motilal [...] Continue Reading »
According to a report released by Knight Frank India and the Federation of Indian Chambers of Commerce & Industry, the real estate market has deteriorated compared to the last six months. The quarterly report captures the suppliers’ perspective of real estate market conditions, titled the ‘Real estate sentiment index’. It explains the current sentiment as [...] Continue Reading »
Announcing the first closure of its second real estate fund, India Realty Excellence Fund (IREF) II LLP, Motilal Oswal Real Estate (MORE) has raised Rs 225 crore in three months. The fund was launched in November 2013, with a target to raise Rs 300 crore and with a Green Shoe option of Rs 200 crore. [...] Continue Reading »
The real estate arm of Motilal Oswal Private Equity, Motilal Oswal Real Estate (MORE), has announced the first closure of its second real estate fund. The fund — India Realty Excellence Fund (IREF) II LLP – has raised Rs 225 crore in three months. The fund is targeting to raise Rs 300 crore with a [...] Continue Reading »
Land acquisition process of around 321 acres in the Sampla village of Rohtak district has recently been stayed by the Punjab and Haryana High Court. HUDA had proposed to develop a residential sector in the area. The Department of Town and Country Planning, HUDA and the Rohtak Land Acquisition Collector had also been issued notices [...] Continue Reading »
Delhi-NCR- The prices of properties, particularly in NCR, are about to witness a downfall in the near future, presume National Housing Bank (NHB). Along with this, 20 percent growth is expected in the residential sector during the current financial year against 17 percent in the last fiscal. Many cities including NCR region have observed fall [...] Continue Reading »
According to Knight Frank report, there was a 4 percent year-on-year decline in the cumulative revenue of Rs 67.44 billion in India’s top 25real estate companies in the second quarter. As per the analysis done by the property consultant, there was an improvement in the sale on the residential sector. While the revenue of the top [...] Continue Reading »
New Delhi- The year 2012 unexpectedly saw a slower price appreciation in the residential sector of all the top seven cities in India. However, the average capital of the country was increased to only 1-3 percent. According to Jones Lang La Salle, the year 2012 was a sluggish year for the economic growth as there [...] Continue Reading »
The real estate in Pune has shown signs of balance. According to a survey done by Jones Lang LeSalle (JLL), it was found that in last one month, leasing office space in Pune has been stable and there were no new supply of office spaces. Even the rents and capital value remained the same. Surprisingly, [...] Continue Reading »
Prices of mid-segment properties have risen as investors are beginning to shun luxury segment due to poor returns and are now seeking to invest in lower-priced properties. Real estate agents, on their part, are now pitching mid-income homes which are priced at Rs 40-70 lakh to the investors who were earlier investing in luxury homes. [...] Continue Reading »
