RESIDENTIAL REAL ESTATE
New Delhi 9th fastest growing global prime residential market; Bengaluru, Mumbai in top 30: Report
While New Delhi and Mumbai have moved up by one and two places, respectively, from 10th and 30th ranks in the previous quarter, Bengaluru has slipped five places to 20th rank in September quarter.
Flexible space take-up in India touched 2 million sq ft in Q3: Report
Bangalore dominated the flexible space stock with 7.8 million sq. ft., ...
Stock market update: Realty shares down; Indiabulls Real Estate dips 3%
The Nifty Realty index was trading 0.16 per cent down at 273.5 .
Puranik Builders files fresh IPO papers with Sebi; plans to raise Rs 1,000 crore
According to market sources, size of the initial public offer (IPO) is around Rs 1,000 crore.
Housing sales of 9 listed players up 2% at Rs 5,520 crore in July-Sep: Report
"While housing sales in overall residential market recorded a decline in Q2 FY20, the housing sales value of India's top 9 listed developers remained steady during the quarter," said Anuj Puri, Chairman, Anarock.
Stalled residential projects worth $66 billion face bankruptcy proceedings
As per the Insolvency and Bankruptcy Board of India, a total of 115 insolvency cases have been filed as of September 2019 under real estate category. Of these 87 cases are under process while 28 are closed. The recent stressed asset deal has been the sale of an IT park in Bengaluru by Cafe Coffee Day Enterprise for USD 385 million to reduce its debt.
Global interest from real estate investors gathering momentum: Alistair Elliott, Knight Frank
Residential realty to come back in due course with improving economy, says Alistair Elliott.
Stock market update: Realty shares advance; Prestige Estates gains 3%
The Nifty Realty index was trading 0.18 per cent up at 278.4 around 10:18 am.
Aadhaar-property linking not an easy road: Experts
The Supreme Court in September last year had upheld the Constitutional validity of Aadhaar, making it a legal proof of identity and address for over 1.2 billion holders.
Search for good picks in real estate and chemical sectors: Anshul Saigal, Kotak PMS
Looking at results on a quarterly basis and in absolute terms not the right way to assess opportunities.
Listed realty builders saw a mere 2% jump in housing sales value in Q2FY20
“We are clearly seeing the emergence of strong, organized players whose strengths are amplified, rather than diminished, by the newly regulated market environment. Even the most conservative industry estimates indicate a staggering number of developers in the top cities who have been either wiped off the map, or have merged with organized developers after DeMo and RERA,”
Credai asks Karnataka govt for package to revive realty
The industry body also asked the state government to reduce stamp duty substantially up to September 2020, to exhaust unsold inventory and bring down the same to 1% for affordable homes.
View: The sun stops shining for Indian property mogul
“What’s $325 million to these rich backers?” investors must have thought.
Stock market update: Realty shares mixed; Indiabulls Real Estate down 3%
The Nifty Realty index was trading flat at 276.80 around 10:15 am.
IBC may have to be tweaked: SBI, government plan priority status for real estate AIF
India’s largest lender SBI and its arm SBI Capital Markets, which is playing a key role in setting up the fund, have started reaching out to other banks and financial institutions to participate in the AIF — a regulatory parlance for privately pooled vehicles such as venture capital, private equity, and real estate funds. A bank can invest up to 10% of the corpus of an AIF.
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