Page 32 - Real Estate

Credai urges land reforms, ease of doing biz to boost Indian real estate

Land reforms, ease of doing business, faster building plan approvals with lower charges, skilling, and creation of new cities are required to transform the Indian real estate sector, according to Credai. Realtors' apex body CREDAI, which represents more than 13,000 developers as members, has come out with a report, 'The National Real Estate Development Framework 'Vision 2047' at its annual conference here. "The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations," Credai National President Shekhar Patel said. The report is both a vision document and a call to action, inviting all stakeholders to come together to transform India's real estate sector and make it globally competitive, he added. Patel said the real estate sector would play an important role in making India a developed nation by 2047. To transform this sector, Credai has suggested a framework comprising nine pillars. Seeking land reforms, the

Hyderabad business family buys ₹140-crore Jor Bagh bungalow in Delhi

Hyderabad's Vishwa Samudra Group executives buy a ₹140-crore bungalow in Delhi's Jor Bagh; the sale deed was registered in June this year, with the buyers paying a stamp duty of ₹8.96 crore

SC asks Centre to consider expanding SWAMIH to finance insolvent projects

The apex court said that liquidation of viable projects must be avoided and that the state cannot remain a "silent spectator" when the livelihoods of millions are at stake

Indian REITs deliver 6-7.5% yields, outpacing US, Japan markets: Report

Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. CREDAI, the apex body of Indian real estate developers, and property consultant Anarock released a report 'Indian REITs - A Gateway to Institutional Real Estate' at an event here. At present, there are five listed REITs in India - Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust are backed by rent-yielding retail real estate (shopping malls) while the other four are office REITs. "Average distribution yields of Indian REITs range between 6 per cent and 7.5 per cent, competitive with fixed-income instruments but with the added potential for capital appreciation," the joint report said. Comparing with other REIT markets globally, the report found that India still lags

HC ruling on JDAs to ease costs, boost project viability, say developers

Legal experts caution of challenge in SC, also clarity would be needed for settling ITC

Indian Reits deliver 6-7% yields, surpassing global benchmarks: Report

Indian Reits yield 6-7 per cent, outpacing US, Singapore and Japan, says Anarock-Credai report, as sector eyes $25 billion market cap and diversification into new asset classes

GST cut to lift housing demand, boost festive season sales: Credai

Indian government's decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors' body CREDAI. The association, which has a 13,000 members from across India, said the construction cost is expected to come down because of reduction in GST rates on cement and few other building materials. The association, which is organising its annual event CREDAI-NATCON here, asserted that the benefit of GST rationalisation would be passed on to customers, provided cement companies and other manufacturers of building materials bring down their rates. New GST rates are applicable from September 22. Addressing a press conference on late Thursday, CREDAI Chairman Boman Irani said, "GST rationalisation has generated feel good factor among people. There is a positive sentiment among consumers, which is a good sign ahead of festival season". CREDAI President Shekhar Patel said th

India's real estate likely to touch ₹5-10 trillion by 2047: Report

India's real estate sector could reach USD 5-10 trillion by 2047, contributing up to one-fifth of GDP, driven by urbanisation, infra growth, sustainability mandates and investor interest

Real estate gets $80 bn institutional investments since 2010: Report

Indian real estate sector has attracted nearly USD 80 billion institutional investments in the last 15 years, with strong contribution from foreign investors at 57 per cent, according to CREDAI and Colliers. Realtors' apex body CREDAI and real estate consultant Colliers India on Thursday released a joint report 'Indian real estate: Fostering equity and fuelling economic growth'. The Confederation of Real Estate Developers' Associations of India (CREDAI), which has more than 13,000 members, is organising its annual event 'CREDAI NATCON' here. "The real estate sector in India has witnessed notable growth in institutional investments over the years. In the last 15 years, investment inflows have touched nearly USD 80 billion with strong capital from foreign players (57 per cent share)," the report said. CREDAI and Colliers noted that the share of domestic capital has also grown after the Covid pandemic. The institutional flow of funds includes investments by family offices, foreign ..

RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr

Central bank has purchased the parcel for self-use and commercial purposes, according to documents

Housing sales in top 7 Indian cities likely to dip by 0-3% in FY26: Icra

Icra projects housing sales in top seven cities to fall up to 3 per cent in FY26, even as new launches recover and listed developers consolidate market share

Western suburbs lead Mumbai's Rs 1.31 trn redevelopment boom: Knight Frank

Knight Frank India says society redevelopment projects across Mumbai will unlock 44,277 new homes by 2030, with western suburbs accounting for nearly three-quarters of supply

Mumbai redevelopment boom to unlock 44,000 new homes worth ₹1.3 lakh cr

Suburbs transforming faster than island; lead with 95% of development agreements since 2020

Brigade Group inks pact for Rs 2,500 cr residential project in Bengaluru

Brigade Group has signed a joint development agreement for a Rs 2,500 crore luxury housing project on 10.75 acres in East Bengaluru, targeting 2.5 million sq ft of saleable area

Realty India's #1 investment at 63%, premium home demand doubles post Covid

Real estate is the most preferred asset class for investment among over 63% respondents, a 4% increase against the previous year's survey.

₹10 lakh crore stuck in stalled housing projects, warns investment advisor

Locked-up capital could cause 'unbelievable pain' to families and pose risk to the economy, he says

India is the number one office market in the world: Mindspace Reit

K Raheja-backed REIT plans ₹4,000 cr capex, portfolio expansion, and higher occupancy

Mindspace REIT aims for 50% increase in net operating income in four years

Mindspace Business Parks Real Estate Investment Trust (REIT) is aiming for a 50 per cent jump in its net operating income over the next three to four years, a senior official said on Monday. This is an organic growth in the NOI, courtesy of a planned expansion programme, which will see it deploy over Rs 4,200 crore to add another 8 million square feet of area, the officials added. "Our NOI will grow by Rs 900-1,000 crore in the next three to four years," its chief financial officer, Preeti Chheda, said. The trust's current NOI - which is a key metric tracked by all as it represents the actual performance - is Rs 2,000 crore. Chheda said the company, which is celebrating the completion of five years since listing, has a portfolio of 30 million sq ft at present, and another 3.5-4 million sq ft under construction. Apart from that, it has plans to add another 4 million for which permissions are awaited from the authorities. Construction on the new projects will begin in the next 12-18

81% express concern over house affordability, Mumbai bucks the trend:Survey

Mumbai buyers remain confident thanks to strong fundamentals and long-term prospects

Retail leasing in Delhi-NCR jumps 25% as fashion, home brands expand

Fresh mall supply, rising footfalls and strong demand from apparel and homeware brands lift retail leasing in Delhi-NCR, with vacancies in top-grade spaces at historic lows