Manali Bhatia Real estate sector have been going through a consolidation phase. Past years have been very difficult for this sector and such situation was not observed in last three-four decades. The sector remained under performer because of slowdown in demand and piling up of inventories. Resultant, companies are forced to sell assets owing to hovering debt burden (in lieu of Read More

Gagan Banga, Vice Chairman and Managing Director of Indiabulls Housing Finance, spoke to CNBC-TV18 about the financial results of Indiabulls Housing Finance. “Our emphasis over the next few months is going to remain to reduce the commercial real estate (CRE) book and to the extent possible given market conditions allow, compensate that by largely micro, small and medium enterprises (MSME) focussed Read More

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that Read More

Realty firm Embassy Group and its investor partner Blackstone Group LLP are looking to buy the remaining promoters’ stake in Indiabulls Real Estate Ltd (IBREL), reported LiveMint. The Embassy Group had earlier bought 14 percent stake in IBREL from promoter Sameer Gehlaut for around Rs 950 crore in June, said the report. Now the firm, along with Blackstone, is keen on Read More

NEW DELHI: Realty shares were trading on a mixed note in Thursday’s morning session. Shares of Prestige Estates ProjectsNSE -0.48 % (up 3 per cent), Phoenix Mills (up 1.80 per cent), Oberoi Realty (up 1.35 per cent) and Godrej Properties (up 0.09 per cent) were trading with gains. Indiabulls Real Estate (down 4.23 per cent), Sunteck RealtyNSE 2.81 % (down 2.97 per cent), DLF Read More

PE inflows accounted for more than $ 2.1 billion during January-June 2019, whereas 0 million came in from non banking financial companies (NBFCs) and housing finance companies (HFCs). A clutch of factors, including the recently concluded Lok Sabha elections and RBI tightening lending norms for NBFCs and HFCs, impacted investments in real estate during the January-June period in the current calendar year Read More

VG Siddhartha, the owner and founder of the largest coffee chain in India, Cafe Coffee Day (CCD), has mysteriously gone missing since Monday evening. Siddhartha, who is also the Chairman and Managing director of the Coffee Day Enterprise Limited (CDEL) – the holding company of all his companies- is the son-in-law of former Union Minister of Foreign Affairs  and now Read More

On the supply side, the report said the current estimate of housing shortage in urban areas is around 10 million units. Most of the housing shortage lies in the Economically Weaker Section and Lower Income Group segment. Indian real estate has attracted USD 34 billion private equity investment since 2014, largely in commercial real estate because of slowdown in housing Read More

Certain Boomer basements are little shrines to obsolescence, untidy stockrooms of the one-time cutting-edge: VCRs, corded telephones, immense beige PC monitors, etc. Way fewer Millennials will have basements to store trash in (‘home ownership’ itself quickly verging on obsolete), but presumably, once climate change really hits and they’re all renting cots in corporatized storm shelters, they’ll have little lockers to Read More

HYDERABAD: In spite of repeated extension of the deadline to register a real estate project and enhancing the late fee to Rs 3 lakh, apart from a 10 per cent penalty, a large number of realtors in the State are yet to comply with the Real Estate (Regulation and Development) Act, 2016. While the Act has been implemented fully in other states, Read More