Author Archives: Loknath Das

Real Estate Sector Disappointed; All Eyes On Budget Now

The real estate industry, particularly the housing segment has expressed its disappointment after the Reserve Bank of India (RBI decided to maintain status quo and did not announce a repo rate cut. The Monetary Policy Committee (MPC) decided to take a pause after five consecutive rate cuts this year. MPC lowered the repo rate by 135 basis points between Feb-Oct, Read More


Nirlon share price hits all-time high on inking real estate deal with JP Morgan

Nirlon share price hit all-time high in trade today on signing a real estate deal with JP Morgan. The deal entails JP Morgan taking up approximately 1.15 million square feet of office space in Nirlon Knowledge  Park that is expected to be delivered by the second quarter of 2021. Share price of Nirlon Ltd, which is engaged in the business Read More


Jewar airport to put Noida’s commercial real estate market at par with Gurgaon

NEW DELHI: The construction of an international airport at Jewar in Greater Noida will boost commercial development in the region and help make it an attractive alternative to Gurgaon, real estate developers said. Demand for commercial space will go up and multinational companies can now think of investing here, said Geetamber Anand, chairman of Noida-based ATS Group. “With the announcement of an international airport, Noida Read More


How DLF Plans To Beat The Real Estate Slowdown In India

Real estate firm DLF Ltd. plans to focus on its rental arm and monetise its Rs 10,000-crore finished inventory to beat the subdued demand in the country’s real estate market. “Today, the DLF model has two halves to it—one is the rental vertical DLF Cyber City Developers Ltd. and other is the residential side,” Chief Financial Officer Ashok Tyagi told BloombergQuint in Read More


Get smart: How smart home technology revolutionized rental housing

  Perhaps the defining trend in residential property management over the past ten years has been the rise of smart home technology. Offering services ranging from playing music to unlocking your door and setting the temperature, these new technologies have made life more convenient and accessible for millions of Americans. And while millions of homeowners are taking advantage of these Read More


Luxury Real Estate Agents Hold Twilight Open Houses To Showcase Their Multimillion-Dollar Listings

Valery Neuman, founding partner and broker associate of Compass Greater Palm Springs area is one of the desert’s top producers with annual sales totaling over $100 million. Neuman knows how to showcase and market her ultra luxury listings. Over the busy Thanksgiving holiday weekend Neuman is hosting two twilight opens at some of the poshest country club communities in the desert. Read More


Real estate ancillary industries counting on ‘stress fund’ for revival

NEW DELHI: Real estate ancillary industriesNSE -1.64 % such as elevator, tile and pipe manufacturers are counting on the government’s Rs 25,000 crore stress fund for reviving stalled projects to improve their business prospects. IndiaMART, an online B2B marketplace connecting buyers and suppliers, said growth in queries had fallen 50% and the government’s intervention will help revive the ancillary industries. Lift manufacturers Read More


Real estate sector could generate 1.28cr man-days in WB: Finance Minister Amit Mitra

The real estate sector is expected to generate 1.28 crore of man-days in West Bengal in future, state Finance Minister Amit Mitra said on Thursday. Since the Trinamool Congress came to power in the state in 2011, the real estate sector has seen a CAGR of 15.7 per cent, he said. “The real estate sector is the second largest employer Read More


4 real estate companies from three cities requests to avail bailout fund: Nirmala Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said four real estate companies from three cities, Mumbai, Bengaluru and Hyderabad, have approached to avail Rs 25,000 crore bailout fund. More companies are likely to approach the nodal agency for taking benefit of this window from next week, she said. Earlier this month, the government approved a Rs 25,000 crore fund to help complete over Read More


Factory sealed, 8 real estate projects get notice for pollution, 2 held: Noida administration

Two persons were arrested, a factory was sealed and eight real estate firms were slapped with penalties of Rs 5 lakh each on Wednesday for violating anti-pollution norms, the Gautam Buddh Nagar administration said. The action was taken in Noida and Greater Noida as air quality deteriorated to ‘severe’ category, and the Central Pollution Control Board (CPCB) once again ordered Read More