INDIA REAL ESTATE
Stock market update: Realty shares up; Indiabulls Real Estate rises 2%
The Nifty Realty index was trading 1.25 per cent up at 286.45 .
Minimum 100 home buyers needed for insolvency plea against builders
As per the IBC bill, pending applications by home buyers against develope...
Real estate majors benefit as investors look for comparatively safer assets: Kunj Bansal, Sarthi Group
A lot of small developers and small la...
Stock market update: Realty shares up; Indiabulls Real Estate gains 1%
The Nifty Realty index was trading 0.2 per cent up at 281.05 .
Wealth of top 100 Indians in real estate sector is up by 17%: Report
Mumbai accounted for 6 of the top 10 and 37 of the 100 names being its residents. Delhi and Bengaluru accounted for 19 residents each featured on the list. Almost 75% of the richest Indians from the real estate are based in these three cities.
Piramal Realty inks joint development pact for 2.2 million sq ft in Mahim
Last year, Piramal Realty entered into an agreement with Omkar Realtors to develop a residential project spread over 2 million sq ft in south Mumbai’s Mahalaxmi locality. In 2015, Omkar had received the mandatory majority consent from eligible slum dwellers and tenants to redevelop this Dhobi Ghat slum area near the Mahalaxmi railway station.
South Mumbai bungalow sale may fetch up to Rs 100 crore
The plot has development potential of about 18,000 sq ft to 22,000 sq ft depending on the proposed usage, said property brokers operating in South Mumbai.
M P Lodha India's richest real estate entrepreneur with wealth of Rs 32,000 cr: Report
Lodha Developers' MP Lodha has been named India's richest realty entrepreneur with a wealth of Rs 31,960 cr.
Mumbai luxury home prices likely to fall by 1% in 2020 as buyers tread cautiously: Report
Buyers of prime residential properties in Mumbai are expected to remain cautious due to deteriorating economic environment impacting market liquidity and an additional 1% stamp duty being levied by the Maharashtra government, Knight Frank said.
Stock market update: Realty shares down; Prestige Estates slips 3%
The Nifty Realty index was trading 0.11 per cent down at 283.10.
Nirlon inks Real Estate Transaction with JP Morgan
J.P. Morgan will take up about 1.15 million sq. ft. of office space that is expected to be delivered by the second quarter of 2021, the company said in release. NKP has a site area of 23 acres and is located on Mumbai’s Western Express Highway in Goregaon.
India's rising retail prices stoke worries of stagflation
Annual retail inflation increased to 5.54% last month, faster than the 4.62% rate in October.
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Mobilising workforce a challenge as developers set to resume construction work
The commercial real estate industry in Delhi and National Capital Region (NCR) was facing a loss of about Rs 1 crore a day owing to the Supreme Court mandated construction ban in the wake of the hazardous increase in air pollution.
RBI keeps repo rate unchanged, real estate sector disappointed
In five successive reductions so far in 2019, the Reserve Bank of India has cut interest rates by a cumulative 135 basis points since February in an attempt to bolster growth and also liquidity in the financial system. With no reduction today, the cumulative decrease in repo rate stands at which banks borrow from it—remains unchanged at 5.15%.
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