REAL ESTATE FUND
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.
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.
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.
Godrej Fund Management to invest Rs 700 crore in Century’s commercial project
The proposed investment will be in a commercial project in north Bengaluru spread over 10 acres with a development potential of 2-3 mn sft. “The deal is in the final stage of closure and will mark GFM’s foray in the commercial market in Bengaluru,” said a person aware of the deal.
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.
Stock market update: Realty shares down; Prestige Estates slips 3%
The Nifty Realty index was trading 0.11 per cent down at 283.10.
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.
Rein Games raises Rs 5 crore in angel funding
The business model aims at creating original concept-based real money games that are to be played for a stake in return for a platform fee.
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.
Time to stop chasing the highest yielding bond fund: Dhirendra Kumar
First-time investor coming into the market they are extremely reluctant to take on losses. So, the moment they are able to break-even, they get out. That is a psychological thing. It looks like an extraordinary thing to have happened but it is normal behaviour. After a prolonged struggle, once the investors break even, they pull out and that happened here.
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%.
Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects
Real estate sector is facing multi-year slowdown, especially in housing segment, and developers are cash-starved following liquidity crisis in non-banking finance companies, which have been a major sources of funding for builders in the last few years.
UP RERA asks developers to apply for stress fund
Central government has proposed Rs 25,000 crore stress fund out of which Government of India shall infuse up to Rs 10,000 crore and the rest shall be contributed by Banks, LIC and other sources.
Consider betting on real estate, telecom & retail stocks: Rana B Gupta, Manulife
Banks and financials are in a sweet spot because liquidity is good and rates are falling.
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