Category Archives: Real Estate

Nate Paul: Real estate mogul with a $800 million net worth

Image: Tim Pannell for Forbes Unlike other successful millennial entrepreneurs, Nate Paul is not a T-shirt or hoodie kind of guy—his uniform is a suit. He has worn one to work, usually with a vest, every day since he dropped out of college nearly 10 years ago. “I always wanted people to take me seriously,” the Texas real estate prodigy Read More

Kerala set to draft real estate rules

However, KRERA had put the conditions as 1,000 sq m and 12 floors respectively. THIRUVANANTHAPURAM: The state government has repealed Kerala Real Estate (regulation and development) Act, 2015 with an ordinance, bringing the central act into force in the state. Kerala Real Estate (regulation and development) Act repeal ordinance (2017) was promulgated by the governor on July 15. The LDF government repealed Read More

Real Estate business: CM Yogi Adityanath launches UP-RERA website

Many real estate biggies in Noida and Greater Noida sighed with relief as Uttar Pradesh’s Chief Minister, Yogi Adityanath launched the online RERA registration platform, in Lucknow today. The launch of this platforms means that now the registered builders can promote their upcoming and ongoing real estate projects on the government portal. The biggest advantage of a platform like this for Read More

Chandigarh, Delhi real estate regulatory bodies to be clubbed

Chandigarh was the first to set up a temporary RERA in October 2016. Later, the UT administration requested the ministry of home affairs (MHA) to club the Chandigarh RERA with Delhi’s. (HT File Photo)   The city will now share its Real Estate Regulatory Authority and Real Estate Appellate Authority with Delhi, under the Real Estate (Regulatory and Development) Act, 2016. Members, Read More

Yogi Adityanath sends big warning to real estate developers, says give possession or face harsh action

+ In a big move, Uttar Pradesh Chief Minister Yogi Adityanath on Sunday warned builders to provide timely possession to the buyers.  Speaking at the ‘UP Ahead Conclave’, organised by CREDAI in Lucknow,  Adityanath said that it was imperative for builders to win the trust of the people, adding, that the real estate sector was facing the “challenge” of meeting Read More

Real estate bodies won’t move court against RERA

NEW DELHI: National Real Estate Development Council (NAREDCO) will not move court against the implementation of Real Estate Regulation and (Development) Act (RERA), even with regard to ongoing projects, as it helps build confidence among buyers, said its president Parveen Jain. Confederation of Real Estate Developers’ Association of India (CREDAI) has also asked its members to go for registration of ongoing projects Read More

Quarter of all global commercial real estate transactions involve private investors

Moneycontrol News As much as 27 percent of all global commercial property transactions in 2016 involved a private buyer and 24 percent of ultra-high-net-worth individuals portfolios allocated to real estate. UK is the number one country where private property investors are most likely to invest in, says Knight Frank’s Active Capital Report. The number of Ultra-High-Net-Worth Individuals (UHNWIs) – those Read More

Where religion blends with real estate

Chairs are being laid out and banners and buntings line the way, as Ariel University prepares for graduation ceremonies on its campus, which houses about 15,000 students. But for the graduating students from Ariel, a degree could become damaged goods, as movements to boycott factories, vineyards, and schools built on Jewish settlements in the West Bank grow. Since 2010, Israeli Read More

Blackstone in talks to buy $525 million IL&FS real estate fund

Blackstone is a leading owner of office space in India, spanning over 30 million square feet across all major cities. Photo: Abhijit Bhatlekar/Mint The Blackstone Group Lp, the US-based global private equity firm, is in talks to acquire ILFS India Realty Fund I, a $525 million real estate fund owned by IL&FS Investment Managers Ltd (IIML), two persons aware of Read More

Motilal Oswal Real Estate backs ATS’ Gurgaon project

Motilal Oswal Real Estate, the property investment arm of Motilal Oswal Private Equity Advisors Pvt. Ltd, has committed to invest Rs 120 crore in a residential project of north-based developer ATS Infrastructure, the investment firm said in a statement. While the firm has disbursed 60% of the committed capital this week, the rest will be invested in the coming months. Read More