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Piyush Goyal suggests real estate developers to sell now and not wait for the market to improve: Report

Sell inventories now instead of waiting for market conditions to improve, Union Commerce and Industry Minister Piyush Goyal has told real estate developers in a video conference organised by NAREDCO. Goyal suggested that while the government is considering ready reckoner rates as concession, it would be better if developers move ahead in case it does not go through, as per Read More

Expect residential real estate to make a come back: Nitin Jain

Where do you see better risk reward? Do you think the case for fixed income is stronger or do you think equities look much better on a risk return basis for the next one or two years? As a wealth manager, we are very clear that most of the alpha in portfolios is created not by being very bold about Read More

Institutional investment in real estate drops 12% in FY20 at nearly $4.48 billion: report

NEW DELHI : Institutional investment in Indian real estate fell 12% to $4.48 billion (around ₹33,800 crore) last fiscal year on lower economic growth and uncertainty over the coronavirus pandemic, US-based property consultant Vestian said. “The fiscal year 2020 saw a total institutional investment of $4,480 million. This depicted a decline of 12% when compared with the quantum of investment Read More

Balayya hurls real estate bolt at actors

HYDERABAD: Actor and Hindupur MLA Nandamuri Balakrishna stoked a controversy on Thursday by stating that Telangana Cinematography Minister Talasani Srinivas Yadav’s meetings with film industry representatives were held to discuss real estate and had nothing to do with cinema. He took umbrage over not being invited for the meetings held recently with Telangana Chief Minister K Chandrasekhar Rao and Talasani. Read More

One year of Modi 2.0: Real estate sector sees long-term initiatives, but quick fixes to boost housing demand missing

When the Modi government took over for the second time last year, the performance of the real estate segment was muted owing to the prevailing liquidity crunch, high inventory overhang, weak affordability and subdued demand conditions. However, interest rate cuts and focus on affordable housing, not to mention the creation of the Rs 25,000 crore stress asset fund for stalled Read More

Real estate in dire need of one-time loan restructuring; Here’s why

Both deposit and lending activities of NBFCs have taken a hit and that has also adversely impacted the credit flow to all the sectors, including real estate. It is largely acknowledged and accepted that the current pandemic and resultant lockdown is the biggest economic crisis in nearly last 100 years, much bigger than the 2008 financial crisis. While India may Read More

COVID-19 has had a ‘debilitating effect’ on the real estate sector: Hardeep Puri

“Covid-19 has also had a debilitating effect on the real estate sector, which has become a cause for project delays,” Puri said participating in the deferred 3rd RERA Day Celebrations through a webinar attended by secretary, MoHUA, state RERA Authorities, Appellate Tribunals, home buyers, developers and other stakeholders of the sector. “The government has taken several steps so that the real estate Read More

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Anil Ambani puts up Delhi power distribution businesses for sale

At least eight investors, including Caisse de dépôt et placement du Québec (CDPQ), Actis LLP and Brookfield Asset Management, have showed initial interest in buying Reliance Infrastructure Ltd’s Delhi electricity distribution businesses, said three people aware of the development. The other potential investors are Greenko Energy Holdings, Enel Group, I Squared Capital, Torrent Power and Wade Capital Group LLC, the Read More

Industrial real estate shows resilience in March led by e-commerce, pharma

Mumbai: Demand for e-commerce and pharmaceutical services have helped India’s industrial and logistics real estate industry remain the most resilient asset class in the first quarter of 2020, according to a report by JLL on Monday. In the medium term, sectors such as FMCG, e-commerce, pharmaceuticals, and cold storage will see an increased growth and demand for additional warehousing spaces, Read More

Residential real estate poised for strong bounce back: Mohit Malhotra of Godrej Properties

New Delhi: The residential real estate sector is poised for a strong comeback as affordability is at the best, says Mohit Malhotra, Managing Director & Chief Executive Officer, Godrej Properties. Speaking to ET Now, he said, “once the economy comes back we will see a very sharp recovery in the residential real estate sector. because affordability is at all-time high. Repo Read More