Flurry of office deals raises real estate industry revival hopes
27/5/16 Source Economic Times
Top Indian cities have seen a significant rise in large office space transactions with companies across sectors expanding and consolidation operations, kindling hopes of a revival in an otherwise lacklustre real estate industry. India's top six property markets reported 236 transactions for large office spaces — of at least 25,00
6% increase in Home Sales
04/05/2016 Source Economic Times
NEW DELHI: There could be a revival in sight for India's housing sector, with home sales data showing marginal growth for the second straight quarter. Home sales across India's top eight cities increased 6% in the January-March quarter from that a year ago, helped by stagnant pricing, discounts from builders and launch of new projects at lower p
Real estate bill set to ease home-buying process
28th March 2016 Source Live Mint
The bill aims to make the sector transparent, give home buyers the advantage and, in turn, lift the market. The recently passed Real Estate (Regulation & Development) Bill, 2016, in the Rajya Sabha and the Lok Sabha, is set to ease the home-buying process. The bill has undergone several amendments and will be effective in bringing transparency
Times Group launches India's first realty channel Magicbricks NOW
29th October 2015 Source Times Of India
Urban development and housing minister M Venkaiah Naidu on Wednesday launched the country's first real estate channel - Magicbricks NOW - and congratulated the Times Group for this initiative. The channel, targeted at NCCS A and B viewers, will help guide viewers in taking informed investment decisions. "Times NOW from the Times Network is
Tata Housing sells 250 flats in Goa on five-acre project, worth Rs 100 crore
27th October 2015 Source Economic Times
Realty firm Tata Housing has sold 250 flats, worth over Rs 100 crore, in its housing project at Goa. The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh. Read more at: http://economictimes.indiatimes.com/articleshow/49557355.cms?utm_source
Haryana claims new policy to help build 2 lakh EWS homes by 2020
28 October 2015 Source ET Realty
The Haryana government on Tuesday claimed its recently unveiled New Integrated Licencing Policy would help create two lakh dwelling units belonging to the economically weaker section in major urban growth centres such as Gurgaon, Faridabad, Sohna, Sonepat, Panipat and Panchkula in the next five to six years. NEW DELHI: The Haryana government o
DLF plans to monetise some more housing projects through private equity
26th October 2015 Source ET Realty
DLF had, in September, sold about 50 per cent stake each in two upcoming projects in the national capital to Singapore's sovereign wealth fund GIC for Rs 1,990 crore NEW DELHI: After raising Rs 2,000 crore by selling stakes in two projects, India's largest realtor DLF is planning to monetise some more housing projects through private equity as
Indians Invest $2 Billion in Dubai Real Estate in First Half of 2015
25th October 2015 Source NDTV
MUMBAI: Indians invested nearly $2 billion in the Dubai's real estate during the first half of this year. "According to Dubai government's data, Indians were the most prolific foreign investors in H1 of 2015, with a total of 3,017 transactions worth more than $2 billion," Sumansa Exhibitions President&n
Can’t sell common areas of highrise: Bombay HC to builder
23rd October Source ET Realty
The Bombay high court in an interim order has restrained a city builder from selling the common areas of a newly constructed highrise building, Anand Villa, on Linking Road, Santacruz — well known for housing Salman Khan’s Being human store. MUMBAI: The Bombay high court in an interim order has restrained a city builder from sellin
India can be a beacon of investment opportunity: Arvind Subramanian
21st October 2015 Source Forbes
Chief Economic Advisor Arvind Subramanian says the government is committed to implementing crucial legislations and that close to 8 percent GDP growth is possible this fiscal. The Indian economy is showing mixed signals but 8 percent GDP growth is attainable, believes Chief Economic Advisor (CEA) Arvind Subramanian, who is on the threshold o
Tata Housing close to raising Rs 3,200 crore for luxury projects across top cities
21st October 2015 Source Economic Times
MUMBAI: Tata Housing is in advanced-level talks with a few institutional investors to raise Rs 3,200 crore for its upcoming premium and luxury residential projects across top five cities. The real estate developer is vetting final-stage proposals submitted by private equity funds Macquarie, JP Morgan, Standard Chartered and Morgan Stanley, a
Biggies consolidate office space market
20th October 2015 Source Economic Times
BANGALORE: Darwinism is playing out in India's office space market. The demand for large offices is moving away from standalone buildings to integrated business parks, helping top developers consolidate the leasing activity across big cities. The big four or five developers controlled 55% to 93% of the new leasing deals struck between July 20
NAVI MUMBAI: THE RIGHT INVESTMENT
20th October 2015 Source Times Of India E-Paper
Navi Mumbai has emerged as the most preferred investment destination because of of its `affordable luxury' housing options The satellite city has witnessed a major transformation in the last two decades. The city has grown in a systematic order, starting with sectors such as Vashi, Belapur and Seawoods. The presence of business districts
Sweden offers to help turn megapolis Mumbai into smart city
19th October 2015 Source Economic Times
MUMBAI: The city's 20-year development plan till 2034 is likely to get a 'Swedish touch' with the western European nation extending its expertise to help develop Mumbai as a 'smart city' that will be economically, ecologically and socially sustainable. Swedish urban development and IT minister Mehmat Kaplan, who was in the city over the wee
Rajasthan signs 14 MoUs to bring in Rs 9,273 crore investment into housing in the state.
14th October 2015 Source Economic Times
Rajasthan government has signed four memorandums of understanding, firming up an investment of Rs 5,400 crore to promote affordable housing in the state. The memorandums are part of the 27 MoUs signed by the state entailing an investment of Rs 12,478 crore in housing and urban development projects in Jaipur. Of these, 14 MoUs will bring in an
Home buyers can now get 90% loan for property up to Rs 30L
9th October 2015 Source Indian Express
Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below. In a significant relaxation for the housing finance segment, the Reserve Bank of India (RBI) on Thursday increased the amount of loan banks can give against a property purchase — loan-to-value (LTV) — and also reduced the risk weights fo
Infra Development Key to Smart Cities
Thursday 08 October 2015 Source Deccan Herald
Experts are clear that unless infrastructure is developed rapidly, new smart cities will fail to attract people. Finally, the government has announced 98 out of 100 cities to be developed under the Smart India Mission. What are the major challenges to make these cities as smart cities? Town planners are of the view that unless better and effic
HDFC cuts lending rate by 0.25 per cent
5th October 2015 Source The Hindu
After big banks cutting base rate, housing finance company HDFC (Housing Development Finance Corporation) has cut its retail prime lending rate by 25 basis points with the effective home loan rate at 9.65 per cent. The effective home loan rates for new customers would be 9.65 per cent pa and for women will be 5 basis points lower at 9.6
Property market hopes to cash in on RBI rate cut
3rd October 2015 Source Bangalore Mirror
Reserve Bank of India (RBI) announcing a drop in repo rate has given relief not only to loan seekers but also to the real estate sector. Builders are now hoping the real estate market in Bengaluru will pick up henceforth. Post-Ashadha, the real estate market has not picked up as expected, forcing builders not to increase prices. The industry sa
Housing sector gets leg-up as RBI to lower minimum risk weight on loans
1st October 2015 Source DNA India
Banks will be able to free more funds to lend for affordable housing as the Reserve Bank on Tuesday proposed to lower the minimum risk weight on housing loans from the current 50%. "With a view to improve affordability of low-cost housing for economically weaker sections and low income groups and giving a fillip to Housing for All, while
Goverment of India to Launch its own Online Property Portal
1st October 2015 Source Economic Times
NEW DELHI: Move over property portals. The government is set to launch one of its own, initially with about 50,000 residential properties that you can bid for online. These are properties that debt recovery tribunals (DRTs) have allowed banks to sell through auction after their owners defaulted on loan repayment. The government portal, which is y
RBI Monetary Policy Review : Cheaper Home Loans
29th September 2015 Source Financial Express
Reserve Bank of India cuts repo rate by 50 bps, CRR unchanged at 4% In a surprise move, Reserve Bank of India on Tuesday in its monetary policy review announced to cut repo rate by 50 basis points to 6.75 per cent. Earlier, a Reuters poll last week showed only one out of 51 economists had expected a 50 basis points rate cut, while 45 had expected
Smart Cities: The Way Ahead For India
Sep 28, 2015 Source CXOtoday
Urbanization in India has picked pace in recent years, owing to increased economic growth and expanding markets. Needless to say, this is making it crucial for leaders and technocrats to seek better and more efficient ways to accommodate citizens. The 100 Smart Cities is one of the most promising projects by the Indian government, albeit with i
100 smart cities: Cabinet clears Smart Cities Mission with outlay of Rs 48,000 cr
26th September 2015 Source Indian Express
Taking a major step in its bid to recast the country's urban landscape, the Union Cabinet Wednesday approved Central government spending worth Rs 98,000 crore under two new urban missions over the next five years. Chaired by Prime Minister Narendra Modi, the Cabinet cleared the Smart Cities Mission - under which 100 smart cities would be built - a
In pipeline, a plan to privatise water supply in cities
26th September 2015 Source Indian Express
The Union government has started laying the groundwork for privatisation of water distribution in urban India, with the Ministry of Urban Development preparing a model concession agreement that would serve as the framework for public-private participation (PPP) in the water sector in all cities. Special emphasis would be on implementing the model
Funding for smart cities: Key to coffer lies outside India
26th September 2015 Source Indian Express
The Rs 1 lakh crore that will be granted for the ambitious five-year Smart Cities plan by the Centre, state governments and municipal bodies of the 100 selected cities, will account for merely a fifth of the money needed for the mission. As per Central government estimates, a whopping Rs 4 lakh crore of funds will be infused chiefly through private
Smart cities Approval in, time for a concrete plan of action
26th September 2015 Source Indian Express
With the country aspiring for a manufacturing-led rebound in GDP growth, experts feel that making cities smart, with adequate infra support, could be the game changer. And, if implemented well, the project is likely to attract private sector investments. Given the fact that urbanisation level in India is still at just around 31 per cen
Smart Cities projectFrom France to US, a rush to offer assistance, funds
26th September 2015 Source Indian Express
The Ministry of Urban Development (MoUD) is anticipating private investments worth at least Rs 4 lakh crore till 2020 in the 100 Smart Cities, which would be chosen by states by the end of this month. This accounts for 80 per cent of the estimated spending on the mission. With the country's urban infrastructure and services sector being thro
Why Wall Street is pouring millions into India's real estate sector
September 24, 2015 Source Quartz
Wall Street is betting big on India's real estate sector. In the last few months, global giants including Goldman Sachs, Warburg Pincus and Blackstone have invested over Rs6,000 crore ($910 million) in Indian real estate firms, even as the sector groans under debt and stalling sales. In all, total private equity inflows-both domestic and
DLF arm ties up with GIC for Delhi projects
September 4, 2015 Source Realtynmore
Singapore's sovereign wealth funds GIC and DLF Home Developers, a subsidiary of real estate developer DLF, have entered into a joint venture to invest in two upcoming projects in Delhi's Moti Nagar, according to a report published in the media. According to a press release, DLF is also working on a REITs issue towards the end of the year as pa
Supertech completes lucky draw for its Basera project in Gurgaon
September 5, 2015 Source Realtynmore
Real estate developer Supertech Limited on Friday completed the lucky draw for its Basera project, located in Sector 79 and Sector 79B of Gurgaon Manesar Urban Complex region. The draw for the company's initiative under the policy of the Haryana Government took place at EPI Centre, Gurgaon. Basera is being developed by Supertech Group as
Delhi office market sentiment to remain bullish: JLL
September 4, 2015 Source Realtynmore
The following is the report by Anuj Puri, Chairman and Country Head at JLL India. According to JLL's latest Asia Pacific office markets sentiment survey, Mumbai and Delhi city will see increased leasing activity along with other cities like Beijing, Auckland, Tokyo, Hong Kong, etc. The JLL office markets sentiment survey aimed to capture, me
Emaar MGF begins handover of Palm Springs Plaza project
September 4, 2015 Source Realtynmore
Real estate developer Emaar MGF on Thursday announced the receipt of Occupancy Certificate for The Palm Springs Plaza - the premier integrated office-cum-retail complex on Golf Course Road in Sector 54, Gurgaon. The company has subsequently commenced the possession and handover of units, thereby delivering its third project of the current year.
