Page 13 - Raghavendra Kamath/undefined

Mall owners, retailers fail to agree over contentious issues amid lockdown

Developers, such as DLF and Phoenix Mills, say the force majeure clause, which retailers have indicated they would apply, in case there was a complete breakdown in talks

Coronavirus impact: Home sales drop 42% in March quarter, says Anarock

The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune have accounted for 84 per cent of the sales in the first quarter of the year.

Coronavirus lockdown to delay realty projects, affect sales, says Anarock

India Ratings and Research said on Wednesday that the lockdown imposed by state governments would hit infrastructure construction in the big cities

Mall operators' revenues may take 30% hit amid coronavirus spread: Experts

The analyst said since servicing of principal and interest on loans will become challenging for mall operatos in the next couple of months

Co-working companies lag in attracting multinationals, says Anarock

Companies refute claim, say they have a sizeable number of clients

Coronavirus outbreak: Retail market could be set back by at least a quarter

Companies expect recovery by the second quarter of FY21

Coronavirus panic, it's catching: What companies and individuals are doing

While businesses have taken a hit, the crisis has also uncovered a human side to the cold and abstract face of globalisation

Macrotech Developers likely to fend off near-term debt problems: Moody's

To proceed with its proposed bond, Macrotech will first have to raise about $118 million and deposit the proceeds in an escrow account, which is a condition precedent

Warburg Pincus is looking to exit joint venture with Embassy Group

"Warburg is not happy with the speed with which the land acquisition and development happened in the JV," said sources.

Phoenix Mills seems to be firing on all cylinders; investors rejoice

Its crown jewels - High Street Phoenix and Palladium - clocked an average trading density of Rs 3,620 per sq ft per month last quarter

Real estate firms paying up to 15% interest rate on loans amid slowdown

"Construction finance has become difficult even for good companies. Even public sector banks are charging at 13.5 per cent," said Mayur Shah, managing director of Marathon Realty.

Real estate slowdown: Survey suggests haircut; developers dub it unfeasible

Lack of available land in urban centres, the rising cost of construction, and higher fees and taxes are key hindrances

Budget 2020: FM Sitharaman's sops to boost affordable housing projects

Rs 1.5 lakh benefit on interest paid on affordable housing loans extended by a year; Tax holiday for developers; industry hails initiatives

Embassy to merge some of its properties with Indiabulls Real Estate

The companies did not share details of the properties they are merging

Brookfield to pick up 40% stake in IndoStar Capital for Rs 1,450 crore

Brookfield will also become a co-promoter in IndoStar and nominate two board members. R Sridhar will continue to lead the company in his role as vice-chairman and CEO of IndoStar

Mumbai's realty market flatlining on stagnant prices, slow sales

The first of a three-part series looks at the prospects of the Mumbai property market, which saw the highest unsold inventory pile-up last year

Retailers, mall owners at loggerheads over Maharashtra govt's 24X7 policy

Many say they will need to study the feasibility of the exercise before implementation

Hines Real Estate in talks with GIC, CapitaLand to sell Mumbai property

The property, spread over 4 acres, has a development potential of 1.3 million square feet

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

Housing market down but commercial real estate came out strong in 2019

Consultants and developers say next year is also going to be bad for home developers - prices are expected to remain stagnant and sales to move only slowly