Page 141 - Real Estate

Credai, Indian Green Building Council to erect 4,000 projects by 2030

Tie-up to add over 400,000 green housing units across the country, all certified by IGBC

Focus on use of technology to help revolutionise real estate sector: Goyal

Focus on areas like credible and well-regulated real estate landscape, greater use of technology through artificial intelligence and block chain will revolutionise the sector, Commerce and Industry Minister Piyush Goyal said on Saturday. He also said that adoption of green solutions for sustainable buildings will help the country to meet the global challenge of climate change. The effective and speedy redressal of housing sector complaints has given a major impetus to this sector and in fact a lot of problems that had in and around Mumbai and Delhi are gradually resolved, Goyal said. Suggesting a few mantras to help the sector in the task ahead, he said focus on credible and well-regulated real estate landscapeyou are looking at greater use of technology through artificial intelligence, blockchain and virtual reality will revolutionise the real estate sector. India will also become the third largest construction market globally in the next 2-3 years and possibly the second largest

Budget houses go out of budget; high interest rates and EMIs pinch buyers

Higher EMIs and mortgage rates pinch buyers; segment's share of overall housing sales likely decline in FY23, FY24

Blackstone arm to launch India's first retail REIT, raise Rs 4,000 cr

The retail REIT public offer is expected to raise around Rs 4,000 crore, of which Rs 1,600 crore would be primary public offerings

Private Equity inflow in real estate stable at $4.2 bn in FY23: Anarock

Private equity investment in real estate remained stable in the last fiscal at USD 4.2 billion, of which 22 per cent contribution came from domestic investors, according to Anarock. Delhi-NCR market received 32 per cent of the total investment, while office assets garnered 40 per cent of inflows. Foreign investors' contribution stood at more than 75 per cent. Real estate consultant Anarock's arm Anarock Capital in its report FLUX has tracked capital flows in the sector during 2022-23 financial year ended March. Private Equity (PE) investments have remained stable during 2022-23 at USD 4.2 billion. PE inflows stood at USD 4.2 billion in 2021-22, USD 7.2 billion in 2020-21, USD 6.3 billion in 2019-20, and USD 5.3 billion in 2018-19, the report showed. Domestic investors were significantly more active in FY23, with investment value increasing by 50 per cent in FY23 (USD 0.9 billion) over FY22 (USD 0.6 billion). Inflows from foreign investors declined 7 per cent to USD 3.2 billion i

IBC amendments: Govt reviews proposed changes in real estate insolvencies

Bill likely to be tabled in Monsoon session, MCA in talks with RERA to ensure no misuse

Blackstone secures $30.8 billion for latest global real estate fund

India may receive 5-10% of it, say industry experts

India Sotheby's Int'l Realty clocks record deals worth $450 mn in FY23

The firm, which focuses mainly on luxury residential sales and large commercial deals, grew its stock of property by over 30% to over $1 billion

Apple's India stores could up the brand value of its chosen addresses

Real estate experts say the brand's cult is likely to rub off on the chosen addresses

Blackstone Inc raises $30.4 billion for its latest real estate fund

The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant's previous real estate fund which closed in 2019

Cost inflation index for LTCG tax stands 5.13% higher in FY24 YoY

Long-term capital gains tax kicks in for listed equities if the holding period is one year, while it is two years for non-financial assets such as real estate

Assotech Realty expects Rs 120 cr rental income from Noida project

Assotech Realty is expecting to generate around Rs 120 crore rental income from its 20 lakh square feet commercial project in Noida, amid rise in demand for premium office space. The 14-acre commercial project was started in 2013 and was completed in 2022-end in phases. The company has given on lease 18,460 square feet office space to Celebal Technologies in Noida recently, Assotech Promoter MD Neeraj Gulati said. "We have completed our commercial project Assotech Business Cresterra in Sector 135 on Noida Expressway. The project has a leasable area of 20 lakh square feet," he said. Out of 20 lakh square feet, around 2.5 lakh square feet is serviced apartments (195 rooms) and 75,000 square feet of retail space. The rest is office space. Asked about investment to complete this project, Gulati said the total cost incurred to develop this project stood at Rs 650 crore. Gulati said the company has sold 80 per cent of the total area in this project and has retained 20 per cent. Howeve

DLF, Godrej Prop: Realty stks still have room to build gains, say analysts

The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying

Housing inventory overhang lowest in 5 years on the back of robust sales

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months

A potent channel

Recent evidence of a sharp slowdown in house construction in major markets poses downside risks to global growth

Real Estate forecast expert Dr. Mohit Ramsinghani - Determines demand for Real Estate will continue driving performance in 2023-24

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Investments in realty remain strong in Q1 2023, office sector mops up 55%

Inflows into office sector up 41% YoY to $900 mn. Key institutional investors signing strategic deals to boost their presence, expand their office portfolio in India

NCR clears residential inventory faster than other markets in past 5 years

According to an Anarock report, NCR achieved a reduction of 43 months in its 5-year stock of homes, from 66 months by the first quarter of calendar year 2018 to 23 months by Q1 of 2023

Backed by big deals, GIC ahead of western peers in office properties

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

Amid salary cuts, layoffs, techies now hit by soaring rents in Bengaluru

The techies, especially those in early phase of their career, are finding it difficult to afford exorbitant rents and they are considering to migrate to distant localities that have afforable rents