Blackstone to pick up stake in two Indiabulls office assets
Private equity giant Blackstone Group has signed up with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram. In a stock-exchange filing, Indiabulls Real Estate said that it was parting with the stake at a...
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Trends
Residential launches and inventories fall across top metros
Residential real estate launches and inventories saw downward trend even as sales inched across top metro cities in the country, according to Kotak Institutional equities. New launches were at 37.2 million sq ft in Q2 FY19, which are significantly lower than 62.1...
TP schemes, affordable housing must: Vijay Rupani
Stressing on the need to build quality, safe and affordable houses for all, Gujarat Chief Minister Vijay Rupani has termed “affordable housing” as an essential requirement in the time to come. “The state government approved 100 town planning schemes in 2018. 400 TP...
Blackstone to pick up stake in two Indiabulls office assets
Private equity giant Blackstone Group has signed up with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram. In a stock-exchange filing, Indiabulls Real Estate said that it was parting with the stake at a...
Essex India to expand operations to more cities
Essex India, a Hyderabad-based prop-tech company aiming to disrupt home-buying and selling process in residential real estate market, plans to expand its operations to four cities in next six months. Essex, incubated out of Way2online, a leading marketing technology...
Notification to acquire land for Pune airport not expected soon: MADC
The notification for land acquisition for the new Pune airport in Purandar is not expected anytime soon, Maharashtra Airport Development Company Limited (MADC) has said. Chief Minister Devendra Fadnavis had earlier stated that the land acquisition for the project...
Technology
Drones to track illegal construction
The Greater Hyderabad Municipal Corporation (GHMC) is planning to come down heavily on encroachments onto city green spaces and lakes as well as illegal constructions using drones, ET Realty reported. The corporation’s directorate of enforcement, vigilance and...
Smooth regulatory regime excites property developers
Post the revival of the Indian real estate sector through a series of initiatives by the government, the confidence of the homebuyers has increased with a clear understanding of the market, says Madhusudhan G, Chairman and MD, Sumadhura Group. The developers, on the...
Completion Certificate requirement to hit real estate sales – analyst
The recent announcement of the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm has said. The ministry said that buyers have to pay Goods &...
Why Indian real estate is turning attractive for NRIs
The depreciated rupee value is prompting a large number of NRIs to invest in the Indian realty market, writes Navneet Dubey. With rupee witnessing a major fall against the dollar in recent months, non-resident Indians (NRIs) have begun scouting for property buys in...
Making mini fortune by investing in flats
We all know somebody who has made a mini fortune by investing in a flat or residential plot at the right time, writes Ashwini Kumar Sharma. Despite the usual ups and downs, there exists a deep rooted sense among Indian investors that residential property is a...
Regulated market key for real estate growth
A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term, reports Mint newspaper. Compared with most other big businesses, real estate remains one of the best to put your money into. At its...
Realty gets boost under Haryana Chief Minister Khattar
The four-year report card of Haryana’s Manohar Lal Khattar-led Bharatiya Janata Party (BJP) government is marked by significant developments in housing, particularly affordable housing. But the pace of infrastructure development leaves much to be desired, reports...
Major changes in realty after 2019 elections
The Indian real estate is set to see important changes in the aftermath of the general elections in 2019. Although a series of reforms measures taken by the Modi government has catalysed growth impulses, investors are waiting to see the political changes in the coming...
Real Estate
NCR, Mumbai builders are battling tepid demand and unsold inventory
The National Capital Region (NCR) remains the worst impacted among major real estate markets in the country, with home sales declining in each of the last four quarters, reports Mint newspaper. In the September quarter, sales dropped by 12% to 13,820 units, making NCR...
Housing prices to rise at half the rate of inflation in 2019
India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi will be hit hardest. House prices have risen at almost double-digit rates for over...
Funds crunch, occupancy certificate hit housing market
Outstanding credit to real estate developers given by Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) has increased four times from Rs 640 billion in 2011-12 to about Rs 2,600 billion till 2017-18. At a time when NBFCs/HFCs were a major...
NCR, Mumbai builders are battling tepid demand and unsold inventory
The National Capital Region (NCR) remains the worst impacted among major real estate markets in the country, with home sales declining in each of the last four quarters, reports Mint newspaper. In the September quarter, sales dropped by 12% to 13,820 units, making NCR...
Housing prices to rise at half the rate of inflation in 2019
India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi will be hit hardest. House prices have risen at almost double-digit rates for over...
Construction
Boost in construction ups demand for skills training
Amid the rising demand emanating from the real estate sector, the government has stepped up efforts to create a reservoir of technically skilled people to meeting demand of the construction and allied sectors. It has been decided that it is important that most fresh...
Like Hyderabad, Bengaluru goes for drones
After a pilot survey of the Jayanagar ward using drones, the Bengaluru revenue department is expanding the drone-based project to all wards in Bengaluru. This is one more step towards implementing the ambitious Urban Property Ownership Records (UPOR) project, which...
Drones to track illegal construction
The Greater Hyderabad Municipal Corporation (GHMC) is planning to come down heavily on encroachments onto city green spaces and lakes as well as illegal constructions using drones, ET Realty reported. The corporation’s directorate of enforcement, vigilance and...
3D Printing construction technology launched
A group of alumni of the Indian Institute of Technology, Madras (IIT-M) and the faculty of Civil Engineering have come together to launch India's first 3D printing construction technology. The company that is collaborating with IIT-M in this venture is Tvasta...
Steel city becomes smarter with IoT
The industrial city of Jamshedpur in Jharkhand, while not on the official list of cities under the central government’s Smart Cities Mission, is witnessing several internet of things (IoT) applications designed to make the lives of its 1-million-plus residents better....
Nokia, Zain bring project to S. Arabia
Saudi mobile telephony operator Zain KSA and Finnish vendor Nokia have signed a MoU to collaborate on a Smart City initiative in Jeddah. The two companies will apply advanced networking technologies in Internet of Things (IoT) and cloud computing to connect and...
Blog
Completion Certificate requirement to hit real estate sales – analyst
The recent announcement of the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm has said. The ministry said that buyers have to pay Goods &...
Smooth regulatory regime excites property developers
Post the revival of the Indian real estate sector through a series of initiatives by the government, the confidence of the homebuyers has increased with a clear understanding of the market, says Madhusudhan G, Chairman and MD, Sumadhura Group. The developers, on the...
Completion Certificate requirement to hit real estate sales – analyst
The recent announcement of the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm has said. The ministry said that buyers have to pay Goods &...
Why Indian real estate is turning attractive for NRIs
The depreciated rupee value is prompting a large number of NRIs to invest in the Indian realty market, writes Navneet Dubey. With rupee witnessing a major fall against the dollar in recent months, non-resident Indians (NRIs) have begun scouting for property buys in...
Making mini fortune by investing in flats
We all know somebody who has made a mini fortune by investing in a flat or residential plot at the right time, writes Ashwini Kumar Sharma. Despite the usual ups and downs, there exists a deep rooted sense among Indian investors that residential property is a...
Regulated market key for real estate growth
A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term, reports Mint newspaper. Compared with most other big businesses, real estate remains one of the best to put your money into. At its...
Archives
Shillong selected 100th after evaluation
Shillong has been selected as the 100th city to receive funding under the Centre's flagship Smart Cities Mission after evaluation of the proposal submitted by it, the Housing and Urban Affairs ministry. The ministry had, till now, kept on hold the final slot for the...
Smart Cities set to accelerate housing demand
Modi government’s thrust to develop 100 Smart Cities is fuelling demand in the real estate sector with even small towns becoming attractive investment destinations. Real estate developments are mostly confined to metro cities but they have now...
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