Page 14 - Real Estate Developers

Low demand, high construction costs may derail Gujarat's skyscraper dreams

Real estate developers too, believe such high rises, whether built for residential or commercial purposes, will have to be ultra high luxury

Top realtors see spurt in take-over proposals for stressed office projects

So far, there were opportunities in stalled residential projects for top developers like Godrej Properties

Mumbai prices crash as developers struggle for funds, buyers wait and watch

While there has been a markdown of as much as 20-25% in some areas, buyers aren't committing their money on hopes of a further correction

RERA to approach RBI for one-time debt recast to overcome liquidity crisis

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

Mapletree to buy 700,000 sq ft space in Pune logistics park for $40 mn

This is KSH Infra's second deal for the Pune facility after Morgan Stanley Real Estate Investing picked up around 1 million sq ft of space for over $45 million last year

IL&FS exit a big boost for Gift City

The infrastructure is ready. Right regulations and tax regime are a must for its success as an international finance centre

Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

Realty gets a boost in Chhattisgarh, developer to get approval in 100 days

The state government has launched a 'Single Window System CG Aawas' to facilitate the initiative

Real estate firms bank on tech tools to generate sales amid lockdown

From Zoom calls to virtual experience centres, they are trying out everything possible to generate sales at a time when bookings have dried up.

Covid-19 outbreak: Real estate majors rule out price cuts after lockdown

Despite fall in sales, supply constraints may keep prices firm

Every developer's top priority will be liquidity generation: Sharad Mittal

'Repo rates are at a 16 year low and this can bring the much needed stimulus to the sector, both at the retail and wholesale levels, if banks pass on the benefit to borrowers'

Realty developers may see a 20% fall in housing prices, says Deepak Parekh

He said it was an excellent buying opportunity for potential homebuyers with job security and savings.

Who owns what: Portfolio of developers who could bear brunt of lockdown

Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.

Liquidity crunch: Small realtors being forced to bank on bigger cousins

Industry experts believe more consolidation in the real estate space is on the cards and this will continue in 2020

Rs 25,000-cr fund to ease realty sector's liquidity situation: JLL India

Real estate developers are currently facing a huge cash crunch, but the situation is likely to improve with the government announcing a Rs 25,000-crore fund to complete stalled housing projects, JLL India CEO and Country Head Ramesh Nair said on Wednesday. The government should ensure that this fund is disbursed to the identified stalled housing projects quickly and in a transparent manner, he added. "There is absolutely no liquidity in the real estate market. Developers are not getting funds from the non-banking financial companies (NBFCs)," Nair said, while speaking on the sidelines of a hackathon event to select three proptech (property tech) startups. He said the NBFCs, which have been the major source of funding for real estate developers from last many years are facing liquidity crunch post IL&FS default. However, Nair said the situation is likely to improve with setting up of this alternate investment fund (AIF) with a corpus of Rs 25,000 crore. "This Rs 25,000 crore fund .

Launches in realty plunge 45% in top nine metros in Q2: PropTiger report

Overall, all top metros, except for Gurugram, witnessed a fall in number of unit launches

Unsold inventory for top real estate developers scales new high in FY19

Rises to 30 months worth of revenue, up from 24 months a year ago

NBFI funding squeeze to affect property developers the most: Fitch Ratings

Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real estate developers

Number of real estate developers in top 9 cities halved after note ban

Demonetisation, RERA and GST have helped consolidation in the sector

Desperate marketing

Real estate developers in Mumbai are a desperate lot, with customers shying away from new investments citing high prices. This is leading developers to try every trick in the book to woo consumers. But here's one developer which took the proverbial cake: It sent out a text message to prospective customers saying company executives would pick up and drop them from their homes for a site visit at a distant suburb, with a lunch thrown in between. As they say, desperate times call for desperate measures.