Kailash Babar

  • Jayant Sinha meets homebuyers’ body to discuss insolvency law amendment

    Jayant Sinha meets homebuyers’ body to discuss insolvency law amendment

    In a separate and revised letter to the standing committee on finance on Saturday, FPCE said the right of a homebuyer to approach a court of law for help cannot be termed as potential abuse. Also, it cannot be construed that only facts can be considered as genuine when either 10% or 100 people say it together.

    L&T Realty plans alliance with DB Realty for Malad Housing Project

    L&T Realty plans alliance with DB Realty for Malad Housing Project

    As per the agreement terms, L&T Realty and DB Realty will share space developed in 60:40 ratio. DB Realty, as the landlord, will be responsible for land related approvals and bear the cost to be incurred for fungible floor space index (FSI) and transferable development rights (TDR), while L&T Realty will construct, execute, brand and market the project.

    Maharashtra Govt invites private builders to partner MHADA for Affordable Housing

    Maharashtra Govt invites private builders to partner MHADA for Affordable Housing

    MHADA will be picking up equity in these projects and facilitate faster approvals apart from additional support to the project. The modalities for these alliances will be finalised soon, he said at the CII real estate conference. Dubai-based listed realty developer Emaar Group has reached out to the government for the project.

    Wadhwa, Thakur Group in pact to jointly develop 2-acre plot in Mumbai

    Wadhwa, Thakur Group in pact to jointly develop 2-acre plot in Mumbai

    Mumbai-based Wadhwa Group has entered into an agreement with fellow real estate developer Thakur Group to jointly develop a two-acre land parcel in the suburb of Kandivali. The two companies are planning to develop a residential project on the plot, which has a development potential of 350,000 square feet.

    Proposed amendment to insolvency law: Jayant Sinha to meet homebuyers' lobby

    Proposed amendment to insolvency law: Jayant Sinha to meet homebuyers' lobby

    About 10 days ago, the Forum for People’s Collective Efforts had written to the committee saying the threshold requirement was suggested by builders and it does not provide a level playing field for home buyers. It added that the proposed requirement had been rejected by the Supreme Court earlier.

    Vatika leases 7 L sq ft office space to Google

    Vatika leases 7 L sq ft office space to Google

    US banking giant Goldman Sachs recently invested Rs 610 crore in Vatika Group, of which Rs 245 crore will be used to expedite construction in the first phase of this project. Google will pay a rental of about Rs 115 per sq ft per month for 25 years.

    Logistics leasing at all-time high of 33 million sq ft in 2019, up 30% report

    Logistics leasing at all-time high of 33 million sq ft in 2019, up 30% report

    The second half of 2019 also recorded historic leasing activity, with about 18 million sq ft space take-up; an increase of about 20% compared to the first half of 2019. 3PL firms accounted for about half of the leasing activity in 2019, an increase from 36% in 2018 to 48% in 2019. They were followed by e-commerce players with a share of about 18% in 2019.

    India Ratings maintains negative outlook on real estate for FY21

    India Ratings maintains negative outlook on real estate for FY21

    The ratings agency has maintained a Stable Outlook for players in grade-I residential real estate, commercial office and retail property development and operations and a Negative Outlook for non-Grade-I players for the financial year. For the remaining part of financial year 2019-20, ratings agency expects grade-I residential players to continue generating strong sales.

  • Kailash Babar

    Much-Needed Detoxification

    Dear Readers, All businesses go through trade cycles including the boom to bust periods and real estate sector is no exception. Rather, contraction in real estate activity turns out to be more painful given the...

    Kailash Babar

    Special Funding Window to Realty’s Rescue

    Dear Readers, Real estate sector, being the second largest job creator after agriculture, holds a significant importance in economic growth and its ability to kick-start the economy is undeniable. Undoubtedly, given its linkages with other...

    Kailash Babar

    Affordable housing gets further impetus

    Dear Readers Housing has been an area of key importance for governments across the world and its contribution to economic development remains undisputed. India’s Union Budget for 2019-20 on Friday underscored this very fact as...

    Kailash Babar

    Keep Pushing!

    Dear Readers, Housing has been a key issue for governments across the world. India has been relatively successful over the past decades taking care of its basic needs of food and clothing. However, addressing the...

    Kailash Babar

    REITs: The Moment of Truth

    Indian investors keen on real estate as an asset class are on the cusp of getting a new investment option in the form of REITs, modelled on the lines of mutual funds. This comes as...

    Kailash Babar

    Equilibrium attempted

    Dear Readers, Real estate sector’s importance in terms of economy’s growth, its linkages with other ancillary industries and job creation is well acknowledged for long. The Interim Union Budget 2019-20 has underscored this significance further...

    Kailash Babar

    REITs: Action begins now

    Dear Readers, Finally, India is set to witness emergence of Real Estate Investment Trusts (REITs), a formal and sophisticated investment mode for property market that has been a traditionally favored asset class for almost everyone....

    Kailash Babar

    Spotlight on Homebuyers

    The tide is certainly turning in favour of homebuyers, who despite being the most important stakeholder in real estate sector have remained almost ignored so far. While homebuyers themselves have been getting more vocal about...

    Kailash Babar

    Learning Curve

    Over the last one year, real estate sector and key stakeholders especially homebuyers have gained significantly owing to the implementation of Real Estate (Regulation & Development) Act, 2016. With RERA, the sector has embarked on...

    Kailash Babar

    Back to basics

    Builders across key property markets are offering apartments with smaller configurations with the idea of making houses affordable by reducing average apartment sizes and thereby bringing down the price.

    Kailash Babar

    Consolidation gathers pace

    The ongoing transformation in real estate can easily be termed as one of the toughest over the years as the sector is slowly coming out of the shadow of opaque nature of the business. The...

    Kailash Babar

    Getting in shape…

    The shortage of housing and pent up demand among end users for organized accommodation has been well documented for years. Despite this, a shelter remains out of reach for millions, who are forced to live...

    Kailash Babar

    Marching Ahead…

    The much-needed Institutional interest in crucial affordable housing is finally gathering momentum led by the government’s drive to attain its stated objective of ‘Housing for All by 2022’. Two separate, but interesting developments that took...

    Kailash Babar

    Stage is set…

    We all are witnessing phenomenal transformation that real estate sector is currently undergoing. All the dimensions, be it business practices, regulatory environment, consumer activism or demand and supply patterns, are changing. Certainly, all of this...

    Kailash Babar

    Disruption to continue in 2018, homebuyers key beneficiary

    The spill-over effect of demonetisation, implementation of the Real Estate (Regulation & Development) Act, 2026 and the Goods & Services Tax – a triple ripple – had a dramatic impact on Indian Real Estate Sector...

    Kailash Babar

    Unitech takeover: A stern message for all

    The government’s decision to initiate proceedings, through Ministry of Corporate Affairs (MCA), to take over beleaguered realty developer Unitech may have surprised a few industry players, but has sent an unyielding message to all the...

    Kailash Babar

    Demonetisation & real estate sector: Positive disruptions

    Exactly a year after the government announced its demonetisation decision, real estate sector, long known for its cash intensive dealings, continues to undergo a cleansing of the system. The sector’s transformation towards transparency and formal...

    Kailash Babar

    Aadhaar-Property linking: No pain, no gain

    Real estate sector is about to witness a tectonic shift with the proposed linking of Aadhaar with property transactions. While the move is still under consideration, the government has given a clear indication with regards...

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