Page 134 - Real Estate

Goa govt to rope in satellite imagery firm to map out CRZ violations

The Goa government will engage a company with expertise in satellite imagery to map structures that existed on the state's shoreline before 1991 to understand the extent of the Coastal Regulation Zone (CRZ) violations, a senior official said on Monday. During a public redressal meeting in North Goa on Monday, State Environment Minister Nilesh Cabral said the state government will file an affidavit before the Bombay High Court listing out the structures that existed before 1991, a cut-off date as per the CRZ regulations. The Goa State Coastal Zone Management Authority (GSCZMA) had issued show cause notices to 275 structures, giving them time to respond with documentation to prove that they existed before 1991. The notices were issued after the October 2022 order of the High Court against the gross violations in CRZ areas, the senior GSCZMA official said. Speaking at the meeting, Cabral said the state government will engage a company with expertise in satellite imaginary to map the a

Neoliv to raise $150 mn AIF to take residential bets; 360 One funds

Neoliv, a residential real estate funding and development platform, on Friday said it intends to raise up to USD 150 million in an alternate investment fund. The platform has secured an approval of Category II AIF from capital markets regulator Sebi under which it intends to raise USD 150 million including a USD 60 million green-shoe option, a statement said. Former chief executive and managing director of Godrej Properties, Mohit Malhotra, has founded the platform which will be focusing on middle-income housing projects in Delhi-National Capital Region and Mumbai, the statement said. Wealth and alternatives-focused asset firm '360 One' has picked up a minority stake in Neoliv for an undisclosed amount. Over the past few years, there has been a vacuum created in the residential fund and development space, where we see strong demand as the country's middle-income segment continues to grow, Karan Bhagat, founder, managing director and chief executive of 360 One, said. Malhotra said

Godrej Properties eyes strong growth on robust demand, new launches

The stock has gained 56 per cent over three months on consecutive quarters of high bookings

Sundaram Alternates launches Rs 1,500 cr realty private credit fund

Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore. The fund will focus on sub-Rs 100 crore deals, which offers fund diversification as well as attractive risk-rewards, Vikaas M Sachdeva, managing director of Sundaram Alternates, said. The fund will target gross deal returns ranging between 18 per cent and 22 per cent on a senior secured basis, Karthik Athreya, a director and head of strategy at the company, said. Sundaram Alternates has so far deployed over Rs 2,000 crore over the past seven years. The Sundaram Alternative opportunities high yield secured real estate fund - IV is designed to provide investors access to a diversified portfolio of secured realty investments, with a focus on self-liquidating residential projects across key Southern ...

Institutional investment in real estate up slightly to $2.93 bn in Jan-Jun

Institutional investment in real estate rose marginally during January-June this year to USD 2.93 billion as investors continue to have faith in the sector despite global headwinds, according to JLL India. The investment stood at USD 2.88 billion in the year-ago period. "Institutional investors have continued to pose faith in the Indian real estate sector despite the global headwinds including uncertainty over economic growth and geopolitical tensions. The rise in investment inflow is an indication of the growth opportunities as India continues to emerge as a bright spot among international markets," JLL India said. According to property consultant JLL India, the country's property sector has attracted USD 2,939 million worth of investments across 22 deals during H1 2023. Investment pattern continues to be robust and is expected to cross USD 5 billion in this calendar year, which has been the annual trend pre-covid and in 2022. Platform fund commitments have not been included in t

Office space emerging as darling of private equity investors in India

Office space is getting the lion's share of investments by PE investors into the sector, experts suggest this trend is likely to continue in the coming months

Private equity investments in real estate sector down by 20% YoY in H23

Investors turn cautious on geo-political worries, recession fears

Mumbai, Pune to push housing sales to all-time high this quarter: Anarock

Earlier, the peak was reached in the quarter that ended on March 31 this year with a sale of 113,780 units

Realty bull run continues: Housing sales hit new peak of 115,000 in Q2

Housing sales in the top 7 cities broke the previous high record of Q1 2023 and stood more than 1.15 lakh units in Q2 2023.

Supply of commercial real estate halved in March quarter: PropEquity

Despite a lower supply, the vacant stock has remained relatively stable, pushing the rents of commercial real estate higher

BJP expanding its real estate footprint across India, Congress struggling

BJP's frenetic acquisition of real estate has coincided with its electoral expansion beyond its traditional catchment areas of northern and central India

Fair valuations, rising prices augur well for realty sector returns

Select locations well connected to economic hubs and avoid over-leveraging

Flexible office space is the most preferred option for corporates in India

The survey pointed out that 56 per cent of the respondents intended to have more than 10% of the total office portfolio as flexible spaces by 2025

As employees return to office, more companies opting for flexible offices

A survey by property consultancy CBRE revealed that 47% of companies want to increase the use of flexible office spaces over the next 12 months

Centre holds meetings with RBI over stalled real estate projects

The government is keen to resolve all the issues as investments by several homebuyers are stuck in stalled projects; Delhi NCR and Mumbai accounted for 77% of delayed or stalled projects

Concorde to invest Rs 225 cr to build 2 mn sq ft commercial real estate

Realty firm Concorde will invest Rs 225 crore to develop commercial projects. The company announced expansion of its commercial segment with a strategic investment of Rs 225 crore. Concorde will launch over 2 million square feet of commercial space over the next two years. Out of the Rs 225 crore, the company has allocated Rs 100 crore for this fiscal. Concorde's expansion of its commercial sector includes the development of Grade A commercial spaces, the first of which Concorde Econex was launched in February 2023, and another three projects in the pipeline, the statement said. "We will focus on establishing Grade A office space in the micro markets of the city. Currently, we have three projects in the pipeline for this year. The demand for sustainable workspaces has grown significantly post-pandemic, and we aim to provide top-notch commercial properties that redefine the way people work," said Grishma Reddy, Director, Concorde. Over the last two-and-a-half decade, Concorde has

Ashrai Infra to invest Rs 1,284 cr to develop project in Greater Noida

Realty firm Ashrai Infra on Thursday said it will invest Rs 1,284 crore to develop a 25-acre commercial project in Greater Noida (West). The company has launched the project 'Golden Grande' which will have office space as well as high-street retail. "Ashrai Infra is investing Rs 1,284 crore in the development of Golden Grande. An initial investment of Rs 631 crore will be deployed in the 1st phase of Golden Grande demonstrating the company's commitment to the project," Ashrai Infra said in a statement. Prior to this project, it delivered a 25-acre IT/ITES project -- Golden I -- in Greater Noida West with a built-up area of 20 lakh square feet, it added.

Residential real estate sales to grow by 8-10% in FY22-23: CRISIL study

The study included 11 large and listed, and 76 small and mid-sized residential developers; buoyant residential demand has resulted in robust sales growth in the past two fiscals

Clicworth Bridges The Information Gap For Home's Accurate Market Value

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Withdrawal of Rs 2000 notes is win for real estate, gold, consumer durables

Currency in circulation has declined less when compared to Rs 2000 notes deposits in banks