Page 20 - Real Estate Firms

Evergrande races to restart projects as debt repayments loom

Nearly 92 per cent of Evergrande's property projects have so far restarted

Institutional investment in real estate may fall 20% in 2021: Report

Institutional investments in real estate may fall 20 per cent to USD 4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to USD 2,977 million from USD 1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the USD 3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the USD 5 billion mark in 2020 due to large portfolio deals worth USD 3.2 billion during the last quarter of the year. "However, 2021 witnessed more broad-based recovery with 31 deals during the first nine months as against 19 deals during the same period of 2020," it noted. On the outlook for the next year, JLL India expects investments to cross USD 5 billion mark, which was witnessed by the Indian real estate annually during the 2017-20

Majestic shareholders reject re-appointment of Aashim Munjal as director

Majestic Auto had sought nod from the shareholders at its AGM held on November 29, 2021

Smart World Developers to invest Rs 3,000 cr in 2 Gurugram projects

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

Bored of bygone builders, Singapore millennials get their own Blackstone

The restructuring of CapitaLand Investment gives a taste of what is to come in many industries globally.

China's realty giant warns of defaulting on $305-billion debt

The government is assembling accounting and legal experts to assess the finances of Evergrande, a potential precursor to a restructuring of the world's most indebted developer

Positive signals for India's real estate sector as economy normalises

Demand expected to pick up; deleveraging, consolidation are key triggers

Tata Realty to invest Rs 4,000 cr in residential, commercial projects

Tata Realty and Infrastructure is investing around Rs 2,000 crore each into residential and commercial projects over the next two years

Embassy Group, Kalpataru tap global funds for over Rs 2,000 crore

Embassy raises Rs 1,200 crore from Bain Capital; Kalpataru Rs 850 crore from PAG

Real estate experts hail central bank decision to hold interest rates

Abheek Barua, Chief Economist of HDFC Bank, said the RBI has continued with its line of supporting growth despite the recent spikes in inflation.

NAREDCO demands one-time loan restructuring, funds for stalled projects

Realtors' body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis

Sunteck Realty first quarter sales booking up 74% at Rs 176 crore

The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.

Phoenix Mills, Brigade Ent: Mall operators not out of woods, say analysts

Weakening financial profile of tenants, particularly of highly impacted sectors, such as multiplexes, food courts and restaurants, due to localized restrictions is expected to hit mall operators, says

Sunteck Realty's sales bookings drop 16% in FY21 amid Covid-19 crisis

Sunteck Realty Ltd on Wednesday reported 16 per cent decline in its sales bookings during the last fiscal year

Realtors fear sales will fall in June quarter due to coronavirus curbs

Construction work to continue in Maharashtra; several builders make arrangements for workers to stay at site

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

Real estate, travel and tourism blues hit India's consumption story

Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

India's real estate market sentiment at three-year high, shows data

The current sentiments are in the positive zone boosted by pick up in demand for both residential units and office space

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices