Page 4 - Real Estate Sector In India

Moody's lowers Macrotech Developers' rating again, this time to Caa1

The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk

SBICAP Ventures spots 12 stuck housing projects in first funding round

Most of the stalled projects are in eight large cities and 60 per cent of them are in the Mumbai Metropolitan Region and National Capital Region

Investment in Category-II AIFs saw five-fold increase in 3 years: Sebi data

An alternative investment fund is a vehicle where the minimum investment is Rs 1 crore

Govt working with RBI, reworking laws to help distressed home buyers: FM

She said many sovereign funds are interested in the real estate sector of the country and want to work with the government.

Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock

Commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year

Slowdown in real estate sector hampering screen additions for multiplexes

Multiplexes are now either expanding within existing properties or converting single screens into multiple screens through partnerships

'Triple whammy': India's property slump exposes banks to fresh crisis

Slump in property market is leaving builders struggling to repay loans to shadow lenders - housing finance firms outside the regular banking sector that account for over half of loans to developers

Podcast: From real estate to automobile, clear signs of economic slowdown

Experts believe the corporation tax rate cut announced by the govt recently may not be able to perk up corporate earnings in Q2. Listen to this podcast for the slowdown signs visible across sectors

Banks may bear the brunt as real estate sector's troubles continue

These loans until now have been among the best performing assets for banks given their ability to generate higher yields

HDFC, Motilal Oswal property funds look to buy cheap assets in realty slump

HDFC Property Fund is raising a $500-million (Rs 3,600 crore) private equity (PE) fund

Realty sector welcomes stimulus for stalled projects, but says more needed

They rued that the government has not adequately addressed the issue of demand slowdown and lower sales

Around 58% luxury apartments still unsold in Mumbai, says Icra report

Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore

Union Bank's move to send eviction notice to flat owners illegal: Experts

The state-run bank had on August 5 asked around 200 families living in Gardenia Gateway society in Sector 75 of Noida to evict premises by August 20

Explained: Why NBCC's new trouble-shooting role may be troublesome

A segment-wise breakup of NBCC's order book shows that close to 95 per cent comprises PMC, the remaining five per cent is EPC and real estate combined

Troubled real estate sector may face further stress after latest NHB diktat

NHB asks housing finance firms not to give loans where builders pay on behalf of borrowers

India's inventory of unsold luxury homes falls 12% to 43,000 units in Q1

Among the top cities, Bengaluru led from the front, recording a significant 49 per cent reduction in unsold luxury stock within a year - from 6,370 units in Q1 2018 to 3,260 units in Q1 2019

Universal construction company

On asking where the rubbish was coming from, an underage tractor driver said, the rubble was from some of the old buildings being demolished at Visva Bharati University

Liquidity squeeze may help reshape India's real estate, says Vikas Oberoi

Defaults last year by IL&FS group triggered a crisis among shadow lenders, putting the squeeze on borrowers including home builders

Realty developers struggle to sell homes, but boom in office space segment

A slew of measures such as demonetisation, goods and services tax, RERA have hit the residential sales badly

How much money is stuck in delayed residential projects? Rs 4.6 trillion

Cash crunch, environmental clearance, RERA among reasons for the delay