REAL ESTATE BUILDERS
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.
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...
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 r...
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.
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.
Over 20,000 Jaypee home buyers may not receive any penalty for delay in construction
While bringing in very little cash, the two firms have offered land out of the land bank of Jaypee Infratech to settle some of the dues of the lenders.
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.
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%.
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.
Relief for UP builders, home buyers; no penal interest if litigation stalls projects
The builders will be exempted from shelling out the penal interest and other dues if the housing project is stalled due to litigation, National Green Tribunal directions or a delayed deed execution.
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.
Stock market update: Realty shares down; Prestige Estates dips 2%
The Nifty Realty index was trading 0.33 per cent down at 284.9 .
How to check the financial health of a real estate project
If you want to find out whether the property is mortgaged with any bank or housing finance company, you can check the website of the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).
USD 14 bn loans to builders under severe stress, may result in default: Report
Banks have advanced loans of Rs 1,000 crore to real estate firms by banks, NBFCs and housing finance companies (HFCs) which are under severe financial stress and and facing issues of debt servicing, according to a report. HFCs accounted for the largest share of total realty loans equalling 38%, followed by banks at nearly 34% share while NBFCs
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