Brahma Group to invest Rs 1.7k crores in Gurugram

Brahma Group to invest Rs 1.7k crores in Gurugram

The New York-based asset management company Brahma Group is to invest Rs 1,700 crore in commercial project, including office-cum-retail project in Gurugram. The company is developing over 200 acre township project at Panchkula in partnership with real estate major...

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Confidence returns to real estate market

Confidence returns to real estate market

The Indian real estate sector is seeing   encouraging growth across assets class marking a return in confidence in the market, ET Realty has reported. According to a recent report by JLL India, the total investment in India’s real estate for the January – June 2018...

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Realty reforms boost FIIs investment

Realty reforms boost FIIs investment

The combination of specific policy and toughened regulatory reforms in the real estate sector has bolstered the risk appetite of global institutional investors as they increasingly switch from income producing to development assets, Economic Times reports. The trend...

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JP Morgan exists Indian real estate sector

JP Morgan exists Indian real estate sector

JPMorgan Asset Management will exit investments in Nitesh Group of Bengaluru, Assetz Property Group, Mumbai’s Vaswani Group and Pune’s Kolte-Patil Developers In 2006, JPMorgan had raised $360 million for its maiden real estate fund called JPMorgan India Property Fund....

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Quick relief to home buyers under RERA

Quick relief to home buyers under RERA

If a homebuyer feels cheated by a property developer, he/she can approach the appropriate authorities under the newly enacted Real Estate (Regulation and Development) Act (RERA). If a builder of under construction project refuses to return the money, the complainant...

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Noida residents petition Prime Minister

Federation of Noida Residents Welfare Associations (FONRWA) has petitioned Prime Minister Narendra Modi and Chief Minister Yogi Adityanath demanding extension of centre/state schemes for the city and measures to make Noida a smart city. “Noida generates maximum...

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Price drops, cash crunch hit developers

Price drops, cash crunch hit developers

Over 12,300 residential projects across India are delayed as the real-estate sector continues to grapple with dwindling prices and cash crunch. At stake are more than 2 million units, some of which may never see the light of the day, according to data from PropEquity,...

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Economists blame developers for poor show

Economists blame developers for poor show

Economists are still debating the impact of recent economic reforms, including demonetisation, and they say that it is the developers who should be blamed for defaulting  on  projects rather than homebuyers They say that the   Reserve Bank of India’s action pushing...

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Bengaluru’s most expensive real estate

Bengaluru’s most expensive real estate

At Rs 24,000 per sq ft UB Towers on Vittal Mallya Road is the most expensive piece of real estate   in Bengaluru. The guidance value of the stretch between Hotel Chandrika and Queen's Circle on Cunningham Road has touched Rs 24,000 per sqft, with new values coming...

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Demand for office space up

Demand for office space up

Office space absorption   during January-March quarter has increased by 11 per cent to 8.8 million sqft across nine major cities, a survey has revealed. A report by Colliers International said the higher absorption was primarily derived by the traditional demand...

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Rajasthan woos developers

Rajasthan woos developers

Rajasthan’s Urban Development and Housing (UDH) department is wooing developers by adopting a multi-pronged strategy to improve ease of doing business. Under this initiative the department has recently issued an order in which classification of buildings has been made...

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NRIs go for management startups

Startups in the home aggregator and rental space say a growing number of NRIs are seeking their expertise to manage their real estate properties in India. This trend marks a shift from the general practice of entrusting the task with traditional brokers. It is...

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Documentation, approval time cut

Documentation, approval time cut

Union Minister of Urban Development M Venkaiah Naidu has said the   Real Estate (Regulation & Development) Bill, 2016 is aimed at protecting the interests of property buyers and intends to regulate the sector. The bill is also expected to encourage additional...

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New law to be ready in three months

New law to be ready in three months

India’s Real Estate Regulatory Authority (RERA) will soon be a reality as rules under Real Estate Regulatory Bill are being finalized and will be ready in the next three months, said M Venkaiah Naidu, Union Minister of Urban Development. "The bill is in place and we...

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Indians top investors in Dubai

Indians top investors in Dubai

Indians have been the top foreign investors in Dubai’s real estate sector when it comes to investors from outside the Arab world, surpassing capital input from wealthy investors from Europe, Americas and even Russia. Indian investors put in AED 20.81 billion ($5.6...

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Budget gives a boost to realty sector

Budget gives a boost to realty sector

The realty sector has much to cheer about from the Union budget in which Finance Minister Arun Jaitley has removed the last significant tax hurdle in the way of Real Estate Investment Trusts (REIT), and gave incentives to first-time home buyers and tried to make...

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Realty remains top investment

Real estate sector is a preferred investment option for several Indians and is going to maintain its supremacy over other investment options like gold and financial instruments. The Knight Frank Wealth Report 2016 by its Chief Economist and National Director of...

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Regulatory bill this Parliament session

Regulatory bill this Parliament session

The government has expressed hope that Real Estate Regulatory Bill would be discussed and approved in the ongoing budget session of Parliament, Urban Development Minister Venkaiah Naidu said. On the concerns raised by some members whether the Centre had a right to...

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Malabar Group launches integrated township

Malabar Group launches integrated township

Malabar Group, well-known as a gold and diamond jewellery trader, is set to launch Malabar Integrated Township – a mixed-use master-planned community that will be built in Thrissur, central Kerala at a cost of Rs20 billion ($293 million). This landmark project is...

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ASK Group to invest Rs 13.73bn

ASK Group to invest Rs 13.73bn

Mumbai-based ASK Group has announced the closure of its fourth real estate fund — ASK Real Estate Special Opportunities Fund II — of Rs 13.73 billion ($205 million). The company is planning to invest the same in next 18-24 months in six major cities—Mumbai, Pune,...

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Growth optimism surges

Growth optimism surges

The air of optimism in Indian realty sector that prevailed in the second quarter rolled over to the third quarter and sales across eight major cities in India improved 15 per cent, says Liases Foras in a research note. The air of optimism in second quarter (Q2) of...

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Private equity investment up

Private equity investment up

Private equity (PE) investments in the real estate sector rose by 72per cent to Rs 257 billion last year, highest since 2008, mainly on fund infusion in the sluggish housing segment. According to property consultant Cushman & Wakefield, out of the total PE...

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Bounce in realty sector

Bounce in realty sector

The Indian realty sector has witnessed sales of 53,000 units in the third quarter of the current fiscal compared with around 49,000 units in the second quarter. This shows that the real estate sector seems to have bounced back that sales have risen in this quarter...

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Sanjay Goenka eyes residential projects

Sanjay Goenka eyes residential projects

Sanjiv Goenka, Chairman of the Rs 3200 billion RP-Sanjiv Goenka Group, is foraying into the residential real estate sector and has set up a subsidiary, Quest Properties India, according to a report in the DNA newspaper. The group plans to develop about 1.2 million...

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A new paradigm for success

A new paradigm for success

Demand for organised real estate in India will reach around 1.35 billion sq ft by 2020, up from around 880 million sq ft currently, and 85 per cent of this will be for residential real estate, according to a report by consulting firm Bain & Company. The report...

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Best residential areas witness appreciation

Best residential areas witness appreciation

Delhi’s Defence Colony has emerged as the best residential destination in an India metro city recording a whopping 777% or about 8 times growth in capital values between 2005 and 2015, according to a report by property listings portal CommonFloor.com. The capital...

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Realtors welcome release of list

Realtors welcome release of list

Indian real estate developers have welcomed the Urban Development Minister M Venkaiah Naidu announcement of the first list of 20 Smart Cities. Satellite towns around these Smart Cities will be an opportunity for the real estate development, especially affordable...

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Many analysts agree on return of buoyancy

Many analysts agree on return of buoyancy

There is a general agreement among real estate analysts that the Indian realty sector is getting back growth impulses. Sam Chopra, Founder & Chairman, RE/MAX India, says Indian real estate is moving towards accelerated growth in the context of investors projecting...

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Thumbs up for Indian realty sector

Thumbs up for Indian realty sector

Foreign investors have given up a thumbs-up to the Indian foreign investment policy for the real estate sector which has helped the country regain favour as a preferred investment destinations in the Asia Pacific region, says the Emerging Trends in Real Estate Asia...

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Indian market headed for revival: report

Indian market headed for revival: report

The India realty sector is set for higher growth in 2016 with Mumbai and Bengaluru continuing to be the most preferred investment points in terms of commercial office and mid-segment residential property asset classes The proposed regulatory initiatives such as the...

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There may not be price correction soon

There may not be price correction soon

A study by Magicbricks.com real estate web portal says residential real estate prices have remained stagnant for more than two years now and they are unlikely to see a major correction any time soon. The Indian real estate market has been stagnant both in terms of...

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Coimbatore tops in affordable housing

Real estate firm Jones Lang Lasalle (JLL) has said in a report that the textile city of Coimbatore is one of the 10 cities in the country that offers low budget real estate investment opportunities. A study by the company said there are many places where residential...

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Unitech arrest alarms firms, hopes for buyers

Unitech arrest alarms firms, hopes for buyers

A court’s decision to send to jail the owner and two top executives of Unitech has created a stir among real estate developers. They were jailed on charges of cheating and misappropriation of funds. This has come as a warning to real estate companies who failed to...

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Hot spots of investment growth

Hot spots of investment growth

For long-term investors looking to buy property in India, this is the right time to enter the real estate sector. It is now attractive to invest following decisions by the government to ease the foreign direct investment norms and its mission to develop 100 smart...

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Gurgaon is set to boom

Gurgaon is set to boom

Demand impulses have begun to return to Gurgaon real estate sector, an important bellwether that points to the way the market will develop in the country. The city is an important realty market of the country, and especially in the National Capital Region (NCR)....

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Buyers can expect good returns

Buyers can expect good returns

Research by Commonfloor, which offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem, has shown that there are some cities where investing in real estate could offer good returns in the next five years. CommonFloor Groups...

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Past year was bad, but new year holds hope

Past year was bad, but new year holds hope

For India's real estate sector, year 2015 presented a mixed bag of positive and painful pointers, said S K Sayal, Managing Director & CEO of Bharti Land Ltd. He said the Modi government’s focus on infrastructure development; affordable housing for all and the 100...

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Builders hope to see boost in market in 2016

Builders hope to see boost in market in 2016

Indian real estate developers, shaken by poor market in 2015, are now optimistic that this year will witness buoyancy as they pin their hopes on the passage of the Real Estate (Regulation and Development) Bill. The long-awaited Bill, which aims to protect buyer...

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Top 7 cities absorb 18% more office space in ’15

Top 7 cities absorb 18% more office space in ’15

Demand for corporate real estate space in the top seven Indian cities saw a high annual take up of 38 million sq ft for 2015 — the highest till date — which translates into an annual rise of 18%. This positive demand is indicative of an overall improved economic...

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Sector poised to see high growth

India’s real estate sector is set to grow rapidly over the next 4-5 years in the context of successive GDP growth, said Sarang Wadhawan, Vice Chairman and Managing Director, HDIL. In an interview to ETRealty, he said the increase in the cost of labour and decrease in...

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Regulatory law to encourage growth

Regulatory law to encourage growth

The Union Cabinet has approved 20 major amendments to the real estate regulatory bill that seeks to protect home buyers as well as help investments in the real estate industry grow. These changes were based on the recommendations of the select committee of Rajya Sabha...

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Property developers hopeful of New Year

Property developers hopeful of New Year

India’s realty sector hopes the New Year will help mark an end to multi-year slowdown in the property sector when the new real estate law will see the light of day in 2016 and bring in the much-needed efficiency, transparency and accountability into this sector....

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Organised realtors remain unscathed

Organised realtors remain unscathed

The depressed real estate market is proving to be a boon for organised developers, which have continued to grow and gain market share although the broader market has been shrinking, said a Kotak Institutional Equities report. "Like in past cycles, a slowing market has...

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Approval process to be simplified

Approval process to be simplified

Maharashtra has decided to reduce the number of approvals needed for real estate projects, which analysts say would result in affordable housing and relieve developers' cash flow issues. An analysis by JLL India says the current initiative by the government would...

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