Page 149 - Real Estate

Jaypee, Amrapali Groups collapse, leaving buyers in difficult state

Amrapali, Jaypee Group were once the leading names in real estate sector

Of 300,000 flats booked, only 125,000 delivered in Gautam Buddha Nagar

People invest their lifetime savings - some in lakhs and some in crores - to get their dream house but in most of the cases they are at the receiving end as they don't get the flats on time

Uday Kotak, Asia's richest banker, weighs $1-bn real estate fund: Report

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India's top five cities

Air quality-driven construction ban may delay realty projects in Delhi-NCR

568,000 housing units are under various stages of completion. Periodic bans by NGT, govt, or apex court in response to poor air quality have serious consequences, say experts

Odisha AAR says separate registration must for construction work in state

The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification

Upbeat housing demand to lift realty stocks despite rate hikes: Analysts

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead

HDFC Capital Advisors-backed property tech program gets 400 proposals

HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors

India's real rate shouldn't be more than 1%: MPC member Ashima Goyal

In a Q&A, she says the interest differential with US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market

PE investments in retail real estate down 63% to $303 mn in Jan-Sep: Report

Private equity investments in retail real estate space fell 63 per cent to USD 303 million during January-September as investors were concerned about possible impact of high inflation on consumption, according to Knight Frank. The private equity investments in retail stood at USD 817 million in the corresponding period of the last year. "Investors avoided the retail sector due to concerns about the potential negative effects a high inflation environment would have on the sector," real estate consultant Knight Frank India said in a report 'Trends in Private Equity Investments in India (9Month 2022). However, the consultant felt that the retail sector would continue to observe capital commitments from investment platforms that remain bullish on its growth prospects. Since 2011, the retail real estate has attracted USD 3,944 million worth of PE investments through 31 deals. Unlike office assets, investor interest in retail goes beyond major metros, the consultant said. Overall, Knig

IREO group money laundering case: ED attaches assets worth over Rs 1,300 cr

The Enforcement Directorate has attached assets worth more than Rs 1,317 crore of real estate group IREO, its managing director and vice president Lalit Goyal and associated entities as part of a money laundering investigation. The attached properties include land, commercial spaces, plots, residential houses and bank accounts, the federal agency said in a statement issued on Saturday. The total value of these attached properties is Rs 1,317.30 crore. The ED took cognisance of at least 30 FIRs filed in various police stations located in Gurugram, Panchkula, Ludhiana and Delhi against the group, linked entities, its directors, key managerial persons and others, to file a money laundering case. The probe found, the agency said, that the accused allegedly "duped" innocent buyers by promising them to deliver flats, plots, commercial spaces etc.However, they neither delivered the projects nor returned their money. The directors of the company in connivance with others "siphoned off" mo

Strong leasing activity to benefit Real Estate Investment Trusts

But slowdown in the US and rising interest rates could pose risks

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

ESG and net zero emissions gaining momentum among realty developers

ESG focus is fairly advanced in developed realty markets and will soon become widespread in India, say industry players; the sector aims to achieve 80-90% green certifications in 4-5 years

Bengaluru fourth most expensive real estate market in India: Knight Frank

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

TMS Ep280: NPCI's international unit, 5G delay, realty stocks, equity funds

Can India's UPI system go global? Why you may have to wait longer for the 5G experience? Will rate hike worries dent realty stocks? How to select an equity fund? All answers here

Despite recessionary trends… we're talking about 7% growth: Hiranandani

The real estate sector will sustain its growth momentum in this festival season, said Niranjan Hiranandani

Sale of cement units to Adani group a relief for Jaiprakash lenders

Lenders said they are still awaiting the resolution of a debt worth Rs 21,658 crore with Jaypee Infratech -- the real estate arm of the group

Bollywood stars, corporate bosses fire up Mumbai, Delhi luxury house mkts

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

Rising median loan rates lead to fall in affordability of homebuyers

A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

Rich Indians rush overseas to open family offices as risks rise at home

Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation