A global real estate facility will open its first office in India, a top company executive has said.
The FICCI-Grant Thornton survey report recommended that the compliance of this Act should not become one more layer of approvals to be obtained and rather should ease out entire approval process.
With global investors committing over $2 billion in the Indian real estate sector, credit rating agency Icra has said developers would be able to acquire new projects and ensure a healthy launch pipeline.
The private equity investment in real estate stood at Rs 3,900 crore during January-June period of last year.
Private equity inflows in the real estate sector rose 33 per cent to Rs 5,193 crore in the first half of 2016 on an improved investment climate following reforms like the real estate regulatory law, easing of FDI rules and introduction of real estate investment trusts (REITs), according to property consultant JLL.
Indiabulls Real Estate on Tuesday said it has raised Rs 30 crore through non-convertible debentures (NCDs).
Realty firm Tata Housing is in advance stage of discussions with private equity fund Macquarie to set up a joint platform with a corpus of about Rs 2,500 crore for developing luxury housing projects across major cities.
Banking big on the warehousing sector, which is likely to grow at 9-11 per cent every year, private equity players are keen on tapping the opportunity and expect investments up to Rs 15,000 crore per annum, say experts.
Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.
The Securities and Exchange Board of India (Sebi) has cautioned public at large against dealing with any property where PACL and its promoters have interests as the regulator pursues efforts to recover Rs 60,000 crore in the case to refund investors.
Emaar Properties, the developer of the world's tallest building, has announced net profits of $674 million and revenue of $1.97 billion for the first half of 2016.
Over 40 per cent of the houses allotted by the DDA under its Housing Scheme 2014 have been surrendered or cancelled with some allottees complaining about the size of the flats and locality, the government on Thursday said.
Realty major DLF on Wednesday announced restructuring of its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that had invested Rs 1,481 crore in seven housing projects in 2007.
The Supreme Court on Tuesday directed estate major Supertech to deposit Rs five crore in its Registry as part of a refund to homebuyers for a project in Noida.
Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT special economic zone (SEZ) at Gurgaon for about Rs 500 crore.
E-commerce in India has been booming and online giants like Amazon are spending big bucks on the world's fastest growing major economy. Yet some investors are pouring money into retail mainstays of a bygone era - shopping malls.
Hyderabad saw a maximum increase of 55 per cent in net office space absorption in the January-June period among eight top cities on improving business climate in the city, according to realty consultant Cushman & Wakefield.
Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report.
The Competition Commission of India has dismissed allegations that DLF indulged in unfair business ways with regard to sale of a residential plot in Uttar Pradesh after finding that the realty major was not a dominant player in the relevant market.