Page 154 - Real Estate

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Chinese banks inflating loan numbers amid struggle to meet govt demands

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate

Luxury housing sales double in H1 2022, Mumbai region takes top spot

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

China plans $29 bn in special loans to troubled developers: Report

Hundreds of thousands of middle-class Chinese have been caught in limbo after making down payments and taking out loans on properties that cash-strapped developers are now struggling to complete

REITs offer real estate exposure in a liquid, transparent, and highly regulated form”

The first real estate investment trust, or REIT, listed on the exchanges in April 2019. That was Embassy Office Parks REIT. We have three listed REITs in our country so far. Perhaps if the pandemic had not intervened, we may have had more. In other words, this is still a nascent investment vehicle. To know more about it, Sanjay Kumar Singh of Business Standard spoke to Ritwik Bhattacharjee, Chief Investment Officer, Embassy Office Parks REIT. He says that if you're looking for a product that is liquid, has high corporate governance standards, makes a lot of disclosures, is tightly regulated, and offers the retail investor a mix of dividend yield and capital appreciation, a REIT is the product to go for.

Chinese govt seeks to stabilise property market with loans, lower rates

Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a govt-guided attempt at alleviating a worsening housing crisis

Demand for rental residential houses rose by 10-20% in 2022: Report

The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20 per cent as compared to 2019

2022 Housing sales to breach pre-Covid levels despite rate hikes: Industry

India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment. All major listed real estate developers posted record sales bookings in the last fiscal and have given guidance that their sales numbers in FY'23 will be even better. However, if the overall market is taken into account and not just listed entities, the RBI's decision to hike interest rates by a cumulative 140 basis points and ...

Saudi Arabia's economy is booming and this time it isn't only about oil

The property market of Saudi Arabia, the world's biggest exporter of oil, is red-hot as income from a spike in energy prices flows through the economy

Shaky scaffolding: Why is China's real estate sector facing a crisis?

Big property developers in China, like Evergrande, are facing a massive shortfall of money, dragging down the sector along with the home demand and prices

Donad Trump asks appeals court to scrap New York probe of his assets

Trump's lawyer asked a federal appeals court to block New York's investigation into potentially fraudulent asset valuations at his sprawling real-estate company

Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch

WeWork co-founder and former CEO Adam Neumann receives $350 million funding from top investment fund Andreessen Horowitz (a16z) for his upcoming business named Flow

Hines plans to develop 900,000 sq ft office building in Mumbai foray

In a statement on Monday, Hines said it has entered into the Mumbai office market with a new development that will feature a 30-storey grade A office building

China home prices fall for 11th month as mortgage 'boycott' continues

New home prices in 70 cities, excluding state-subsidized housing, declined 0.11% from June, when they sank 0.1%, National Bureau of Statistics figures showed Monday

China resorts to interest rate cuts as data shows 'alarming' slowdown

Bond yields slumped after the People's Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%

Real estate crisis in China can inflict bigger economic blow: Report

The real estate slump in China has sucked in both banks and provincial governments, threatening a bigger impact on the world's second-largest economy, according to media report.According to Nikkei Asia, defaults have soared over the past 12 months after property developers' debt-fueled growth model lurched into reverse. Around 99 defaults on domestic debt occurred in the year including delayed payments, according to Shanghai-based Wind Information.It is to be noted that China's factory-gate inflation in July reached the lowest since February last year, according to the National Bureau of Statistics. The country's producer price index, which gauges factory-gate prices, increased 4.2 per cent year-on-year in July, following a 6.1 per cent rise from the previous month, China Daily reported citing NBS.Earlier, S & P Global Ratings warned that around 20 per cent of Chinese developers it rates are at risk of insolvency. Chinese government triggered this reversal by imposing tougher ...

Kolte-Patil buys land in Pune; eyes Rs 1,400 cr sales from housing project

Realty firm Kolte-Patil Developers Ltd has acquired 25 acres of land in Pune to develop a housing project with an estimated sales revenue of Rs 1,400 crore

Invest in residential realty with at least a seven-year horizon: Experts

While market is on the mend, a steep increase in prices may not happen in near future

As China's property crisis deepens, experts see a silver lining for India

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

Rising interest rates unlikely to dent growth in home sales: Developers

Homebuyers are strategising their financial preparation for a home purchase in the wake of increased home loan interest rate