New Delhi: Capital investment in commercial real estate by Indian investors in overseas markets soared by 92 percent to $700 million (around Rs 4,893 crore) between the first quarter of 2018 and the first quarter of this year, a report said. Investors tapped the overseas market to diversify risk and increase their returns, the report by global property consultant Knight Frank Read More

The Nifty Realty index has declined 2% on Friday as selling pressure was seen in Indiabulls Real Estate, DLF, Oberoi Realty, Sunteck Realty, and Sobha. Shares of Indiabulls Real Estate and DLF, which declined 4% each, were leading the index’s fall. Shares of Oberoi Realty and SunTeck Realty also contributed to the fall, declining 3% each. Shares of Sobha dropped 1%. However, shares of Brigade and Phoenix cushioned the Read More

Uttar Pradesh Real Estate Regulatory Authority invites online application for the post of Law Graduates who have graduated not before 2016-17 for contractual engagement as “Law Trainee” in UP-RERA. Name of the Post: Law Trainee No. of Post: 03 (Three) Honorarium: Rs. 30,000/- Maximum Age Limit: 27 Years Essential Qualification The candidates must have at least one-year experience of working in a court of Read More

Uttar Pradesh Chief Minister Yogi Adityanath on June 14 visited Gautam Buddh Nagar to review various development works. He also met real estate developers and homebuyers to discuss issues relating to delays in the delivery of housing units, sources said. As per estimates, over 3 lakh homebuyers in UP are yet to receive their houses. The chief minister met real estate Read More

The residential real estate market across the country saw a 43% year-on-year decline in launches in March. However, sales during the month saw a 10% y-o-y increase. The launches saw a staggering decline in March amid the uncertainty over GST (goods and services tax) rates as well as the liquidity crisis. This led to an overall fall of 6% y-o-y Read More

Lucknow: Real estate giant Ansal API, entrusted with around 90 projects in Uttar Pradesh, now finds itself under the scanner for alleged fraud, criminal breach of trust and diversion of funds.  The latest blow came last week when a Lucknow court issued a non-bailable warrant (NBW) against the firm’s top management, including chairman Sushil Ansal and his son Pranav Ansal. “Two Read More

The value of the total real estate transactions in Dubai surged to more than Dh34 billion ( ) during the first five months of 2019, up 33 per cent from Dh24 billion last year, according to Dubai Land Department (DLD). The value of residential and commercial apartments’ deals topped Dh17 billion, while land purchasing transactions amounted to Dh14 billion and villas deals Read More

New Delhi: Shares of the Indiabulls Real Estate (IBREL) surged as much as 17% in two days on buzz of US-based Blackstone acquiring a part of the promoters stake in the company. Indiabulls Real Estate in a statement to stock exchanges said its promoters intend to dispose of up to 14% of the fully paid-up share capital of the company (out of the Read More

Real estate developers are now taking recourse to RERA and lodging complaints against homebuyers for non-payment of dues. As many as 50 such cases have so far been filed with UPRERA, sources told Moneycontrol. Some builders have also filed complaints with UPRERA against development authorities for not issuing completion certificate on time, they said. As many as 43 cases have been Read More

In the age of the $238 million penthouse sale, as well as one of the slowest luxury markets in years, it takes much more than an online listing and a few glossy ads to move eight- and nine-figure properties. I spoke to two ultra-high-end New York City real estate brokers to find out how they cater to the world’s wealthiest buyers. Zachary Vichinsky Read More